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  Supreme Lending Home Purchase Mortgages
Supreme Lending Home Purchase Mortgages
in Home Loans from Supreme Lending · NMLS ID #2129
Unaffiliated

Supreme Lending Home Purchase Mortgages

Unaffiliated
in Home Loans from Supreme Lending · NMLS ID #2129
SuperMoney Net Recommendation Score -60  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -60, equating to 1.8 on a 5 point rating scale.

-60

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.

Strongly not recommended

1 user recommends
0 users are unsure
4 users don't recommend
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Highlights
Community Rating Strongly not recommended
Loan Amount Up to $1,500,000
Loan Term (Years) 10 - 30 years
Credit Score Range N/A
No Origination Fee N/A
Number of Reviews 5

Supreme Lending Home Purchase Mortgages Review

Supreme Lending Home Purchase Mortgages is offered by Supreme Lending (NMLS #2129), a direct lender founded in 1995 and based in Dallas, TX. Supreme Lending Home Purchase Mortgages is available in 50 states (and Washington, DC).

Key Takeaways

  • 4 different mortgage programs offered. Supreme Lending Home Purchase Mortgages offers FHA, FHA 203k, USDA, 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.
  • 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.

Supreme Lending Home Purchase Mortgages Pros & Cons

Pros Cons
  • Available in all 50 states.
  • Charges an origination fee.
  • Charges prepayment fees.

Supreme Lending FAQ

How much can you borrow via Supreme Lending?

Supreme Lending allows borrowers to apply for loan amounts of up to $1,500,000. 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 Supreme Lending?

Supreme Lending 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 mortgage rates does Supreme Lending 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, Supreme Lending may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Supreme Lending 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 Supreme Lending allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Supreme Lending 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 Supreme Lending Home Purchase Mortgages is (877) 350-5225.

What is the support contact email?

The support contact email for this business credit card is info@supremelending.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly not recommended based on community reviews that rate customer service and user experience.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Other Services by Supreme Lending

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Initial Processing Fee $1
Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Investment
Primary Residence
Loan Amount Up to $1,500,000
Loan Term 10 - 30 years
Mortgage Programs
  • FHA
  • FHA 203k
  • USDA
  • VA

Supreme Lending Home Purchase Mortgages Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -60, equating to 1.8 on a 5 point rating scale.

-60

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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