
Loanpal Home Purchase Mortgage
Would you recommend Loanpal Home Purchase Mortgage to your friends?
Community Rating | Mostly not recommended |
Loan Amount | Up to $3,000,000 |
Loan Term (Years) | N/A |
Credit Score Range | N/A |
No Origination Fee | N/A |
Number of Reviews | 7 |
Loanpal Home Purchase Mortgage Review
Loanpal Home Purchase Mortgage are offered by Loanpal (NMLS #30336), a direct lender founded in 2003 and based in Roseville, CA. Loanpal Home Purchase Mortgage are available in 22 states (and Washington, DC).
Key Takeaways
- 3 different mortgage programs offered. Loanpal Home Purchase Mortgage offers FHA, FHA 203k, VA, conforming, and conventional mortgages.
- Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
- Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Loanpal Home Purchase Mortgage does offer financing for primary and secondary homes (e.g. vacation properties).
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Loanpal Home Purchase Mortgage Pros & Cons
Pros | Cons |
---|---|
|
|
Loanpal FAQ
How much can you borrow via Loanpal?
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.
What mortgage rates does Loanpal 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.
Loanpal offers home loans with APRs starting at 4% .
Do they charge mortgage origination fees?
Yes, Loanpal may charge a loan origination fee.
What mortgage programs are available?
Besides conventional mortgages, Loanpal 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%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
What property usage types does Loanpal allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Loanpal allows the following property usage types:
- Primary home
What is the customer service phone number?
The customer service number for Loanpal Home Purchase Mortgage is (844) 910-0111.
What is the support contact email?
The support contact email for this business credit card is CustomerCare@goodleap.com.
How do people rate the customer service and user experience?
Overall, this business credit card is mostly not recommended based on community reviews that rate customer service and user experience.
Contact
- Headquarters
-
8781 Sierra College Blvd
Roseville, CA 95661 USA - (844) 910-0111
- Visit Site
- Email Support
About Loanpal Home Purchase Mortgage
Availability
- California
- Colorado
- Connecticut
- Florida
- Georgia
- Indiana
- Kansas
- Maryland
- Minnesota
- Missouri
- Nevada
- New Jersey
- New Mexico
- North Carolina
- Oregon
- Pennsylvania
- South Carolina
- Texas
- Utah
- Virginia
- Washington
- Washington, DC
- Wisconsin
Loanpal Home Purchase Mortgage Community Reviews
Would you recommend Loanpal Home Purchase Mortgage to your friends?
- Affinity Mortgage Home Loans
- AimLoan Home Mortgage
- American Pacific Home Mortgage
- Angel Oak Home Loans Mortgage
- Box Home Loans Purchase Mortgage
- CNB Mortgage Loan
- Community First Bank of Wisconsin Lot Loan
- Golden Empire Mortgage Home Loans
- Members First Community Credit Union Mortgage Loans
- Quicken Loans Home Mortgage
- State Farm Home Loans
- Waterstone Mortgage Home Loans