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  Intelliloan Home Mortgages

Intelliloan Home Mortgages

in Home Purchase Mortgages from Intelliloan · NMLS ID #3290

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Intelliloan Home Mortgages

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in Home Purchase Mortgages from Intelliloan · NMLS ID #3290

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Highlights
Loan Amount $25,000 - $3,000,000
Loan Term (Years) 15 - 30 years
Credit Score Range 580 - 850

Intelliloan Home Mortgages Review

Intelliloan Home Mortgages is offered by Intelliloan (NMLS #3290), a direct lender founded in 1993 and based in Costa Mesa, CA. Intelliloan Home Mortgages is available in 31 states (and Washington, DC).

Key Takeaways
  • 4 different mortgage programs offered. Intelliloan Home Mortgages offers FHA, VA, jumbo, conforming, and conventional mortgages.
  • Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
  • Refinancing for large mortgages. You can refinance mortgages with balances of up to $3,000,000 with Intelliloan Home Mortgages.
  • Standard interest rates types. Intelliloan Home Mortgages offers adjustable-rate mortgages and fixed-rate mortgages.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Intelliloan Home Mortgages does offer financing for primary and secondary homes (e.g. vacation properties).
  • Origination fees of up to 5%. This is on the high end when compared to the other lenders SuperMoney tracks. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
  • High maximum LTV ratio. Intelliloan Home Mortgages has a maximum loan to value ratio of 97.75%, which is higher than average. Most lenders want you to have at least 20% equity.
  • Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for Intelliloan Home Mortgages.
Intelliloan Home Mortgages Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Offers financing for single family, multi-family, and manufactured homes.
  • Available in 31 states.
  • Charges an origination fee of up to 5% of the loan amount.
Intelliloan FAQ

How much can you borrow via Intelliloan?

Intelliloan allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What is the maximum loan term you can get with Intelliloan?

Intelliloan offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does Intelliloan offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Intelliloan offers home loans with APRs starting at 2.090% .

Does Intelliloan charge an application fee?

Do they charge mortgage origination fees?

Yes, Intelliloan may charge a loan origination fee of 2% to 5% of the loan amount.

Do they charge prepayment fees?

No, there are prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs are available?

Besides conventional mortgages, Intelliloan offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($548,250 as of 2021).
  • VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What property usage types does Intelliloan allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Intelliloan allows the following property usage types: 

  • Primary home

What is the customer service phone number?

The customer service number for this business card is (833) 984-2471.

What is the support contact email?

The support contact email for this business credit card is Info@Intelliloan.com.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 6:00am - 8:00pm
  • Tuesday 6:00am - 8:00pm
  • Wednesday 6:00am - 8:00pm
  • Thursday 6:00am - 8:00pm
  • Friday 6:00am - 8:00pm
  • Saturday 7:00am - 4:00pm

Other Services by Intelliloan

Availability

  Available in 31 states and Washington, D.C.
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Iowa
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Nevada
  • New Jersey
  • New Mexico
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • Tennessee
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Wisconsin

Feature Breakdown

No Prepayment Fee
Origination Fee (%) 2% - 5%
Credit Score Range 580 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Intended Use Primary Home
Maximum LTV 97.75%
Minimum Age 18
Minimum Down Payment Starting at 3%
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Investment
Primary Residence
APR Starting at 2.090%
Loan Amount $25,000 - $3,000,000
Loan Term 15 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
Mortgage Programs
  • FHA
  • VA
  • Jumbo

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