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).
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..
Yes, loanDepot may charge a loan origination fee.
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.
loanDepot offers the following mortgage programs:
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. loanDepot allows the following property usage types: