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Where does loanDepot do business?

loanDepot is a direct lender based in Foothill Ranch, CA. The company was founded in 2010 and offers mortgages to borrowers in 50 states across the USA (and Washington, DC).

How much can you borrow via loanDepot?

loanDepot allows borrowers to apply for loan amounts of up to $2,000,000. 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..

Does loanDepot charge a mortgage origination fee?

Yes, loanDepot may charge a loan origination fee.

Does loanDepot charge prepayment fees?

Yes, loanDepot charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does loanDepot offer?

loanDepot offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • HARP
  • VA

What property usage types does loanDepot allow?

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

  • Primary home 

  • Intended Use
    Primary Home
  • Primary Residence
  • Loan Amount
    Up to $2000000
  • Terms
    3, 5, 7, 10, 15, 20, 30 & 40 year
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