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Where does loanDepot do business?
loanDepot is a direct lender based in Foothill Ranch, CA. The company was founded in 2010 and offers mortgage refinancing to borrowers in 50 statess across the USA (and Washington, DC). NMLS #174457
What range of mortgage balances will loanDepot refinance?
Mortgage refianancing loans start at $60000 and go up to $2000000
What is the maximum loan term for a mortgage refinance via loanDepot?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. loanDepot offers mortgages refinancing with terms ranging from 10 to 40 years.
What is the estimated funding time for a mortgage refinance with loanDepot?
loanDepot will typically fund mortgage refinances within 2 and 3 days of approval.
Does loanDepot charge a mortgage origination fee?
Yes, loanDepot may charge a loan origination fee of 1% to 5% of the loan amount.
Does loanDepot charge prepayment fees?
No, loanDepot does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs does loanDepot offer?
loanDepot offers the following mortgage programs:
- Conventional mortgages
What property usage types does loanDepot allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. loanDepot allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
- Manufactured/Mobile Home
- Multi-Family Home
- Single Family Home
- Only Individual Applications
- Active Duty Military
- Military Dependent
- Primary Home
- Secondary Home
- U.S. Citizen
- U.S. Permanent Resident
- Employed Full-Time
- Employed Part-Time
- Government Issued Photo ID
- Proof of Income
- Recent Pay Stubs
- Driver License (or other photo ID)
- Proof of citizenship/residence (Green Card)