Paddio Home Loans

Paddio Home Loans Review

Paddio Home Loans are offered by Paddio, a direct lender founded in and based in Springfield, MO. Paddio Home Loans are available in 46 states (and Washington, DC).

Key Takeaways

• Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
• Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
• Cosigner and coborrower applications accepted. A cosigner or coborrower can help you qualify for better rates and terms when applying for Paddio Home Loans.

Paddio Home Loans Pros & Cons

Paddio Home Loans FAQ

What mortgage rates does Paddio 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.

Do they charge mortgage origination fees?

Yes, Paddio Home Loans may charge a loan origination fee.

What property usage types does Paddio Home Loans allow?

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

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for Paddio Home Loans is .