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  1st Alliance Lending Mortgage Refinance
1st Alliance Lending Mortgage Refinance
in Mortgage Refinance from 1st Alliance Lending LLC · NMLS ID #2819
Unaffiliated

1st Alliance Lending Mortgage Refinance

Unaffiliated
in Mortgage Refinance from 1st Alliance Lending LLC · NMLS ID #2819
Net Recommendation Score -100  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

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.

Rating not yet determined  

0 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

Rating not yet determined  
Loan Amount Up to $424,100
Loan Term (Years) 10 - 30 years

1st Alliance Lending Mortgage Refinance Review

1st Alliance Lending Mortgage Refinance is offered by 1st Alliance Lending LLC (NMLS #2819), a direct lender founded in 2004 and based in East Hartford, CT. 1st Alliance Lending Mortgage Refinance are available in 48 states (and Washington, DC).

Key Takeaways

  • 3 different mortgage programs offered. 1st Alliance Lending Mortgage Refinance refinances 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. 1st Alliance Lending Mortgage Refinance offers hybrid mortgages, and fixed-rate mortgages.
  • Considers personal use and investment properties. Refinancing 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.

1st Alliance Lending Mortgage Refinance Pros & Cons

Pros Cons
  • Available in 48 states.
  • Charges an origination fee.
  • Charges prepayment fees.

1st Alliance Lending Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via 1st Alliance Lending?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. 1st Alliance Lending Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.

How long does 1st Alliance Lending take to refinance?

1st Alliance Lending does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does 1st Alliance Lending charge a mortgage origination fee?

Yes, 1st Alliance Lending Mortgage Refinance will charge a loan origination fee.

What mortgage programs does 1st Alliance Lending offer?

1st Alliance Lending Mortgage Refinance 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%.
  • 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 property usage types does 1st Alliance Lending allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. 1st Alliance Lending Mortgage Refinance allows the following property usage types: 

  • Primary home
  • Secondary homes and vacation properties
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 5:00pm
  • Tuesday 8:00am - 5:00pm
  • Wednesday 8:00am - 5:00pm
  • Thursday 8:00am - 5:00pm
  • Friday 8:00am - 5:00pm
  • Saturday Closed

Other Services by 1st Alliance Lending LLC

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Home Loans

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2 Reviews

Availability

  Available in 48 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • Washington, DC
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Intended Use
  • Primary Home
  • Secondary Home
  • Investment
Loan Term 10 - 30 years
Loan Amount Up to $424,100
Interest Rate Types Offered Hybrid Mortgage
Mortgage Programs
  • FHA
  • USDA
  • VA

1st Alliance Lending Mortgage Refinance Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly not recommended by SuperMoney users with a score of -100, equating to 1 on a 5 point rating scale.

-100

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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