The Money Store Home Mortgage Review

The Money Store Home Mortgage is offered by The Money Store (NMLS #1019), a direct lender founded in 1967 and based in Florham, NJ. The Money Store Home Mortgage is available in 43 states (and Washington, DC).

• 3 different mortgage programs offered. The Money Store Home Mortgage offers FHA, 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.
• Non-standard interest rates available. The Money Store Home Mortgage offers hybrid mortgages, and fixed-rate mortgages.
• Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, The Money Store Home 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.

What mortgage rates does The Money Store 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.

The Money Store mortgage offers home loans with APRs starting at 4% .

Does The Money Store mortgage charge an application fee?

Do they charge mortgage origination fees?

Yes, The Money Store mortgage may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, The Money Store mortgage 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%.

What property usage types does The Money Store mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. The Money Store mortgage allows the following property usage types: 

• Primary home

What is the customer service phone number?

The customer service number for this business card is (855) 866-6399.

What is the support contact email?

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

How do people rate the customer service and user experience?

Overall, this business credit card is mostly recommended based on community reviews that rate customer service and user experience.