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loanDepot Mortgage Refinance

in Mortgage Refinance from loanDepot

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loanDepot Mortgage Refinance

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in Mortgage Refinance from loanDepot

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Community Rating

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In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Loan Term 10 - 40 years
Loan Amount $60,000 - $2,000,000

loanDepot Mortgage Refinance Review

loanDepot Mortgage Refinance is a mortgage refinance offering by loanDepot, based in Foothill Ranch, CA. Founded in 2010, loanDepot offers mortgage refinancing to borrowers in 50 states across the USA (and Washington, DC). NMLS #174457

What range of mortgage balances will loanDepot Mortgage Refinance 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 Mortgage Refinance?

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 Mortgage Refinance offers mortgages refinancing with terms ranging from 10 to 40 years.

What is the estimated funding time for a mortgage refinance with loanDepot Mortgage Refinance?

loanDepot Mortgage Refinance will typically fund mortgage refinances within 3 days of approval.

Does loanDepot Mortgage Refinance charge a mortgage origination fee?

Yes, loanDepot Mortgage Refinance may charge a loan origination fee of 1% to 5% of the loan amount.

Does loanDepot Mortgage Refinance 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 Mortgage Refinance 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%.
  • HARP: A mortgage refinance program for home loans owned or backed by Fannie Mae or Freddie Mac. No minimum credit score or value appraisal required.
  • 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 Mortgage Refinance 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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Message from loanDepot

loanDepot, America's lender, matches borrowers through technology and high-touch customer care with the credit they need to fuel their lives. As a fast-growing national consumer lender, the loanDepot platform is disrupting finance by dissolving the lines between mortgage and nonmortgage credit.

Other Services by loanDepot

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • 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
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Late Fee After (number of days) 15
Late Fee Amount $15
Origination Fee (%) 1% - 5%
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Joint Loan Applications Accepted
  • Individual Applications
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Age 18
Property Type
  • Manufactured/Mobile Home
  • Multi-Family Home
  • Single Family Home
  • Townhome
Verification Documents Required
  • Government Issued Photo ID
  • Proof of Income
  • Recent Pay Stubs
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
APR Starting at 3.748%
Loan Term 10 - 40 years
Loan Amount $60K - $2M

loanDepot Mortgage Refinance Community Reviews

 

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