Loanpal is a direct lender based in Roseville, CA. The company was founded in 2003 and offers mortgages to borrowers in 22 states across the USA (and Washington, DC).
Loanpal 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.
Loanpal offers home loans with APRs starting at 4% .
Yes, Loanpal may charge a loan origination fee.
Yes, Loanpal 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.
Loanpal offers the following mortgage programs:
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Loanpal allows the following property usage types: