Last Updated: 04/18/2025
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Allen Tate Mortgage Broker Review
Allen Tate Mortgage Broker services are offered by Allen Tate Mortgage (NMLS #1433719), a licensed broker founded in 1988 and based in Charlotte, NC. Allen Tate Mortgage Broker services available in 2 states.
Allen Tate Mortgage Broker FAQ
How does Allen Tate Mortgage Broker get paid?
Mortgage brokers get paid either by lenders or by borrowers. However, they cannot receive compensation from both parties.
What fees does Allen Tate Mortgage Broker charge?
Although cost should not be the only factor when choosing mortgage brokers, it is smart to compare the rates, fees, and services mortgage brokers offer before making a decision.
Does Allen Tate Mortgage Broker charge broker administration fees?
No, Allen Tate Mortgage Broker does not charge a broker administration fee.
Does Allen Tate Mortgage Broker charge broker loan origination fees?
No, Allen Tate Mortgage Broker does not charge a broker loan origination fees.
Does Allen Tate Mortgage Broker charge broker upfront fees?
No, Allen Tate Mortgage Broker does not charge broker upfront fees.
Does Allen Tate Mortgage Broker charge a yield-spread premium?
No, Allen Tate Mortgage Broker does not receive a yield spread premium from borrowers. Brokers that are paid a yield-spread premium from lenders have an incentive to steer borrowers to lenders thatt offer higher yield-spread premiums even if they qualify for a lower interest with another lender. This is not always bad for borrowers as it can lower the upfront costs of a mortgage. For instance, borrowers who only plan to hold a mortgage for a few years may find this option cheaper.
What mortgage programs does Allen Tate Mortgage Broker offer?
Allen Tate Mortgage Broker offers the following mortgage programs:
- 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%.
- FHA 203k: An FHA mortgage you can also use to finance home improvements.
- 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.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What types of mortgage does Allen Tate Mortgage Broker broker?
Allen Tate Mortgage Broker works with the following types of mortgages:| Supported Options | Unsupported Options |
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Contact
Headquarters
8640 University Executive Park Drive Suite A
Charlotte, NC 28262
Other Services by Allen Tate Mortgage
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Allen Tate Mortgage Broker Community Reviews
Would you recommend Allen Tate Mortgage Broker to your friends?
U
Anonymous
Sep 1, 2020
May or may not recommend
Very disorganized company. They have so many people with hands in the pots that they can not even keep up. We had people find discrepancies days before closing with information they had had for over 30 days. While people were nice their processes and organization are by far horrendous. No one knows how to follow through. While we were not the easiest to work with we both were hoping to ...Show More
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