LoanDepot
FeaturedPaidOne of the largest non-bank lenders offering digital and in-person mortgage options
🏠Conventional LoansAbout LoanDepot
LoanDepot is the second-largest non-bank mortgage lender in the US, offering a hybrid model that combines digital convenience with access to over 200 physical branch locations nationwide. The company provides a wide range of loan products including conventional, FHA, VA, jumbo, and refinance loans. LoanDepot's mello digital platform streamlines the mortgage process, and its Lifetime Guarantee program allows qualifying borrowers to refinance in the future without paying lender fees or origination charges again.
What's Great
- ✓Lifetime Guarantee waives future lender fees for repeat customers
- ✓Hybrid model offers both digital and in-person service
- ✓Wide product range covering most loan types
- ✓Over 200 branch locations for borrowers who prefer face-to-face service
- ✓Competitive rates for conventional and jumbo loans
Watch Out For
- !Customer service quality can vary by branch location
- !Processing times may be longer than fully-digital competitors
- !Website and app experience less polished than Rocket Mortgage
- !Origination fees can be higher than some competitors on initial loans
Common Use Cases
Borrower who wants digital convenience but also access to a local branch
Repeat homebuyer or refinancer who can benefit from the Lifetime Guarantee
Move-up buyer needing a wide range of loan products in one place
Pricing Model
Paid
Paid subscription required. Check the website for current pricing and free trials.
Category
Conventional Loans
Standard conforming loans not backed by a government agency, ideal for borrowers with strong credit.
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