Last Updated: 08/04/2025
SuperMoney User Recommendation Score +86
Strongly recommended36 total votes
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 580
Amount Range
$60,000 - $2,000,000
Loan Term (Years)
10 - 40
Number of Reviews
loanDepot Mortgage Refinance Review
loanDepot Mortgage Refinance is offered by loanDepot (NMLS #174457), a direct lender founded in 2010 and based in Irvine, CA. loanDepot are available in 48 states and Washington, DC.
Key Takeaways
- No-closing-cost mortgages available. This option allows you to include the closing costs into the new loan, so you don't pay for these expenses upfront.
- Origination fees of 1% to 5%. This is on the high end for lenders on SuperMoney's database.
- Instant online preapprovals. Find out how much you can borrow and what your interest rate will be.
- Wide selection of mortgage programs offered. loanDepot Mortgage Refinance refinances FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
- Financing for a variety of property types. Offers refinancing for manufactured, single, and multi-family homes.
- Non-standard interest rates available. loanDepot Mortgage Refinance offers adjustable-rate mortgages, hybrid mortgages, and fixed-rate mortgages.
- Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
- Fast process. In some cases you can refinance your mortgage loan within 2 business days.
- Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for loanDepot Mortgage Refinance.
- Long loan terms. loanDepot Mortgage Refinance offers mortgage terms of up to 40 years. Most mortgage refinancing loans have a maximum term of 30 years.
loanDepot Mortgage Refinance Pros & Cons
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loanDepot Mortgage Refinance FAQ
What range of mortgage balances will loanDepot refinance?
Mortgage refinancing loans start at $60,000 and go up to $2,000,000
What is the maximum loan term for a mortgage refinance via loanDepot?
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. loanDepot Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 40 years.
How long does loanDepot take to refinance?
loanDepot 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 loanDepot charge a mortgage origination fee?
Yes, loanDepot Mortgage Refinance will charge a loan origination fee of 1% to 5% of the loan amount .
Does loanDepot charge prepayment fees?
No, loanDepot Mortgage Refinance 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 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%.
- 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 property usage types does loanDepot allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. loanDepot Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Message from loanDepot
Hours of Operation
Sunday
Closed
Monday
8:00AM - 10:00PM
Tuesday
8:00AM - 10:00PM
Wednesday
8:00AM - 10:00PM
Thursday
8:00AM - 10:00PM
Friday
8:00AM - 10:00PM
Saturday
11:00AM - 6:00PM
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Learn MoreSuperMoney Net Recommendation Score
SuperMoney users strongly recommend this product, giving it a user recommendation score of +86, or 4.7 on a 5-point rating scale.
+86
-1000+100
No one recommends
Everyone recommends
loanDepot Mortgage Refinance Community Reviews
Would you recommend loanDepot Mortgage Refinance to your friends?
DB
Drusilla B.
May 5, 2023
May or may not recommend
It that my son dose not care to help and family too and they are stock up with money and try of not to help and they sound like they are when my money and they are when me have it pert time work not full time of work they did abuse me and this me not getting help not with family family wood not help at all and they ...Show More
Melissa F.
Apr 20, 2023
May or may not recommend
This has not been easy but I’m do happy to be part of this
MC
Mazhar C.
Nov 25, 2022
May or may not recommend
Everybody was affected by the disruptions. I rent out a few rental houses to low-income households. I don't say this for publicity; I say it because I like it.
But when one of them lost a water heater and the other had their septic tank fail, I was left with few options. Transaction Depot offers loans for rental properties and completed my loan in 48 hours. It took a little longer ...Show More
JA
Junaid A.
Nov 17, 2022
May or may not recommend
Everybody was affected by the disruptions. I rent out a few rental houses to low-income households. I don't say this for publicity; I say it because I like it.
But when one of them lost a water heater and the other had their septic tank fail, I was left with few options. Transaction Depot offers loans for rental properties and completed my loan in 48 hours. It took a little longer ...Show More
TT
Torbjorn T.
Oct 16, 2022
May or may not recommend
I heard this Company offers the best reasonable Mortgage rates and fees. Customer service is very helpful and nice That's a plus :-). Not all lenders offer VA, FHA or home equity loans, so if you meet the criteria, consider loan Depot as an option. So yeah, i recommend it.
RG
Rachiel G.
Oct 16, 2022
May or may not recommend
I highly recommend this service because they are not very strict with the credit score that you have. They still accept you even you just have 580, which is good and they will give you the loan which is fit in your mortgage. They are very helpful.
RA
Rachael A.
Mar 28, 2022
May or may not recommend
This company is reasonably priced and suitable for anyone who needs a company that accept low credit scores. The loan rates are reasonable besides the fees. If you don’t mind paying 5% fees, I recommend.
MG
Moneena G.
Nov 16, 2021
May or may not recommend
With this company, I recommend this service to anyone looking for a reasonably priced and accepting mortgage loan team. What they offer is suitable for those who need a company that can pre-approve them, accept credit scores as low as 580, and determine loan rates depending on your mortgage situation. However, the origination fee is 5% which is a very important factor when it comes to applying for loans such ...Show More
MS
Marty S.
Sep 30, 2021
May or may not recommend
Have you ever received a loan that has a repayment time of about three decades or more? If you haven’t, then check out Loandepot Mortgage Refinance. This company offers the best mortgage loan service. They have a low origination fee. They have always delivered as I expected. I was even surprised to get more money than I actually expected. They are a great company with good customer service.
JC
Jenna C.
Sep 28, 2021
May or may not recommend
I had a great experience with loanDepot when I was refinancing my home. The agent I worked with was very detail oriented and helpful, without being pushy and overbearing. It was a very stressful process for me, but my agent was by my side throughout, and I am thrilled to have a lower mortgage. Thank you, loanDepot!!!
Hector D.
Jan 27, 2021
May or may not recommend
The reason I prefer LoanDepot is because they’re licensed in all 50 states and offer a variety of loan options and mortgage products. I also like that they invested into a time-saving online application process. Communication was clear and straightforward, no stress at all. The details of the mortgage, and the process were clearly explained and resolved.
DS
D S.
Dec 2, 2020
May or may not recommend
Very easy company to work with! Simple to get mortgage refinancing from, and definitely worth it. I do recommend them, since they are very professional and will have your mortgage refinanced quickly and effectively.
Top S.
Nov 25, 2020
May or may not recommend
My experience was nothing short of impeccable! I paydays before the ideal date on my vehicle. The staff is nothing but expert and exceptional. I was finally able to view my credit report and see my loan's current status and where I stand.
Donald D.
Nov 25, 2020
May or may not recommend
LoanDepot was great to work with, helping me re-apply when loan rates dropped during the refinance process. Exceptional service amid all the business interruptions and malfunctions caused by the Covid-19 pandemic.
Ade N.
Nov 25, 2020
May or may not recommend
This is our first time we bought a house. We wish we had started healthier from the beginning and had our home a few years ago instead of now. Notwithstanding, the experts of LoanDepot were fantastic and were so responsive to any questions we had. Uploading our documents was extremely easy. Thank you for making this experience so painless. We will recommend LoanDepot to many people.
MV
Michael V.
Nov 22, 2020
May or may not recommend
The shut downs hit everyone hard. I have a few rental properties that I rent out to low income families. I dont say this for props, I do it happily.
But when one of them lost a water heater and the other had a septic tank go bananas on them, I had few options. Loan depot allows loans for rental properties and they had my loan to me in 48 ...Show More
KD
Kelish D.
Nov 1, 2020
May or may not recommend
If you are looking for a loan and mortgage refinancing service, then Loandepot is a top choice. Their customer service is great and their options are very considerate. Getting your mortgage refinancing in order will be a short, quick process for you with LoanDepot. I would most surely recommend this service for your mortgage refinancing
TC
Tracy C.
Oct 30, 2020
May or may not recommend
I would recommend this for a single family home with one child because you would have to pay more then your supposed to pay I would like to that there's discounts and everything yes but either way your still saving no matter what but a little more than usual and that's good.
Esther O.
Oct 28, 2020
May or may not recommend
The guys at loan depot are nice. Their origination fee charge is not. If you are desperate for refinancing or taking out the loan for refinancing your home - not an investment property, then go ahead. However, entrepreneurs who would certainly want a considerable Return on Investment - ROI, on their money, would be a bit wary. I applied, but the origination fee was a thorough let-down for me.
LJ
Lamptey J.
Oct 28, 2020
May or may not recommend
Despite offering limited loans (doesn't offer home equity loans, USDA loans, etc.), LoanDepot Mortgage is one I will recommend, particularly because of its reasonable mortgage rates and fees, and borrowing convenience. 6/10, for me.
Showing 20 of 36 reviews
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