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Last Updated: 04/18/2025

Convoy Home Loans Mortgage Broker

in Mortgage Brokers from Convoy Home Loans, Inc

Last Updated: 04/18/2025

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Interest Rate Types Offered

  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)

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Convoy Home Loans Mortgage Broker Review

Convoy Home Loans Mortgage Broker services are offered by Convoy Home Loans, Inc (NMLS #2130517), a licensed broker founded in 2021 and based in El Segundo, CA. Convoy Home Loans services available in 50 states and Washington, DC.

Convoy Home Loans Mortgage Broker FAQ

How does Convoy Home Loans 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 Convoy Home Loans 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 Convoy Home Loans Mortgage Broker charge broker administration fees?

No, Convoy Home Loans Mortgage Broker does not charge a broker administration fee.

Does Convoy Home Loans Mortgage Broker charge broker loan origination fees?

No, Convoy Home Loans Mortgage Broker does not charge a broker loan origination fees.

Does Convoy Home Loans Mortgage Broker charge broker upfront fees?

No, Convoy Home Loans Mortgage Broker does not charge broker upfront fees.

Does Convoy Home Loans Mortgage Broker charge a yield-spread premium?

No, Convoy Home Loans 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 Convoy Home Loans Mortgage Broker offer?

Convoy Home Loans 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%.
  • 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.
  • 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 Convoy Home Loans Mortgage Broker broker?

Convoy Home Loans Mortgage Broker works with the following types of mortgages:

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Contact

Headquarters

2100 E Grand Ave
El Segundo, CA 90245
Visit Site

Hours of Operation

Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day

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