Reali Loans

in Home Purchase Mortgages from Reali Loans Inc. · NMLS ID #991397

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Reali Loans


in Home Purchase Mortgages from Reali Loans Inc. · NMLS ID #991397

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Loan Amount $100,000 - $2,500,000
Loan Term (Years) 10 - 30 years

Reali Loans Review

Reali Loans is offered by Reali Loans Inc. (NMLS #991397), a direct lender founded in 2013 and based in San Mateo, CA. Reali Loans is available in 12 states across the USA.

Reali Loans FAQ

How much can you borrow via Reali Loans?

Reali Loans allows borrowers to apply for loan amounts of up to $2,500,000. 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 is the maximum loan term you can get with Reali Loans?

Reali Loans offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What range of rates does Reali Loans offer?

Reali Loans offers home loans with APRs starting at 4.274% and up to 4.274%.

What is the estimated funding time for a home loan via Reali Loans?

Reali Loans will typically approve (or deny) a mortgage application within 48 hours and fund mortgages within 7 and 14 days of approval.

Does Reali Loans charge a mortgage origination fee?

No, Reali Loans does not charge a mortgage origination fee.

Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Reali Loans charge prepayment fees?

No, Reali Loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What mortgage programs does Reali Loans offer?

Reali Loans offers the following mortgage types:

  • Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
  • FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
  • Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
  • Conforming: Mortgages that meet the loan requirements of Fannie Mae and Freddie Mac. These have fixed rate terms of 10 to 30 years and adjustable rate terms ranging from 3 to 10 years. Down payments as low as 5%.

What property usage types does Reali Loans allow?

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

  • Primary home
  • Secondary homes and vacation properties
  • Investment properties and house flipping projects
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  • Headquarters
  •   777 Mariners Island Blvd., Suite 210
    San Mateo, CA 94404
  •   Visit Site

Other Services by Reali Loans Inc.

Message From Our Editor

What we love about Reali Loans

Reali Loans offers an online lending service that aims to simplify the complex process of getting a mortgage. It offers both mortgages for purchasing a home and refinancing an existing loan. It offers a quick prequalification process and does not charge broker or origination fees.

You can customize the term of your loan through Reali Loans. The company offers typical 15-year and 30-year mortgages alongside the less common 10-year and 20-year loans.

The company works with people with a variety of credit scores, so you may be able to qualify if you have fair, but not great credit.

What could Reali Loans do better?

One of the greatest drawbacks of working with Reali Loans is that its service area is very small. It operates in only a handful of states, so most people won’t be able to work with the company to get financing.

The company also doesn’t publicly advertise a lot of its loan requirements. For example, it doesn’t publish minimum incomes to qualify, which may cause you to apply even if you have no chance of getting the loan.

While getting pre-qualified with Reali Loans is easy, pre-approval does take longer and involves uploading financial documents, such as W-2s, tax returns, and pay stubs, which can add hassle to the process.

Reali Loans’s backstory

Reali Loans was founded in 2011 as GoRefi. The company focused on helping consumers refinance their homes over the internet. It later transitioned to offering loans for home purchases as well. The company works to keep interest rates and fees low thanks to the low overhead of running an online business.

The Verdict

Reali Loans is a reputable online mortgage provider. Pre-qualifying for a loan is quick and easy, so it’s worth checking what rates you can qualify for when you do your shopping around.


  Available in 12 states
  • Arizona
  • California
  • Colorado
  • Florida
  • Georgia
  • Illinois
  • Michigan
  • Oregon
  • Pennsylvania
  • Texas
  • Virginia
  • Washington

Feature Breakdown

No Origination Fee
No Prepayment Fee
Credit Score Range 620 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Co-borrower
  • Cosigner
Maximum LTV 97%
Minimum Age 18
Minimum Down Payment Starting at 10%
Property Type
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Recent Pay Stubs
  • Proof of Income
  • Proof of Identity
  • Proof of Residence
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Primary Residence
APR 4.274%
Loan Amount $100,000 - $2,500,000
Loan Term 10 - 30 years
Mortgage Programs
  • FHA
  • Conventional Mortgages
  • Jumbo
  • Conforming
Terms 10, 15, 20, 30

Reali Loans Community Reviews


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Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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