loanDepot
loanDepot offers a variety of mortgage programs and home equity lines of credit, with a digital-first approach to streamline the process. Since its launch in 2010, the company has funded over $100 billion in loans and serves thousands of customers each month.
Mortgage Programs
loanDepot offers a variety of mortgage programs tailored to meet diverse customer needs. These include fixed-rate mortgages, adjustable-rate mortgages, FHA loans, VA loans, and jumbo loans. This comprehensive range of options enables customers to choose the mortgage that best fits their financial situation and homeownership goals.
Digital Mortgage Solutions
loanDepot embraces a digital-first approach to mortgage solutions, simplifying and expediting the mortgage process. This digital strategy aims to make applying for and obtaining loans more efficient for the thousands of customers they serve each month.
Home Equity Lines of Credit (HELOC)
loanDepot provides home equity lines of credit (HELOC) with funding timelines as short as three weeks. This quick funding option allows homeowners to access the equity in their homes for various financial needs in a timely manner.
Lifetime Guarantee and Close On-Time Guarantee
loanDepot offers a Lifetime Guarantee that waives lender fees on future refinances for customers who refinance with them once. Additionally, their Close On-Time Guarantee offers $1,000 to both the buyer and seller if the transaction does not close on time, providing an extra layer of assurance to their customers.
Partnerships and Added Services
Through strategic partnerships, loanDepot enhances its offerings. They provide personal loans in collaboration with Upgrade and free credit score monitoring via SavvyMoney. Moreover, first-time homebuyers can receive up to a $4,500 cash back bonus when working with a mellohome approved real estate agent and financing through loanDepot.
Educational Resources and Tools
loanDepot provides a range of educational resources and tools designed to assist first-time homebuyers and other customers. These include various calculators for home purchase, refinance, and mortgage affordability, helping customers make informed financial decisions.