Mortgages

Caliber Home Loans review: discover everything you need

A review of Caliber Home Loans, their products, services, such as multiple loans and great customer experience. Read on to learn all you need to know before applying for a mortgage with them!

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Caliber Home Loans: multiple loan options and simple application

Caliber Home Loans logo
Read our Caliber Home Loans review and learn more. Source: The Insider Advisor

Are you interested in a new mortgage? Sometimes, choosing the right lender can be daunting. So read this Caliber Home Loans review and discover some great features this lender offers!

Caliber Home Loans logo

Caliber Home Loans: how to apply

Applying for a loan doesn't have to be difficult. Learn how to apply for Caliber Home Loans. Several loan options. Full customer service.

This post will cover everything about Caliber Home Loans, from their mortgage products to the application process. Ready to start your homeownership journey? So let’s go!

Credit Score580 or more;
Loans OfferedUSDA, VA, FHA, jumbo, and Conventional loans;
Minimum Down PaymentAs low as 0% to 3%;
APRSee terms;
Terms10 to 30-year terms.

Caliber Home Loans review: what you need to know

Caliber Home Loans is one of the biggest lenders operating in the country and covers all 50 states with its operation.

The lender offers its clients both conventional and government-backed mortgage options between their products.

Between its options, people interested in mortgage loans can find such as USDA, VA, FHA, jumbo, and Conventional loans.

Furthermore, the lender has facilities for conventional mortgage borrowers and an educational program for veterans on its website.

Although not transparent about interest rates and fees, which are not disclosed on its website, Caliber disposal a list of its loan programs.

This way, borrowers can choose between the options for the one that fits better. Also, this lender considers cases when the required credit score can be as low as 580.

For those starting their homebuying journey, this lender offers down payments of as low as 3%, as described on the loan’s website.

Still, about down payments, government-backed mortgages occupy the best positions with lower or even no down payment options.

To know more, you must check out which case fits you.

In the same way, borrowers must contact a loan consultant by phone or complete an easy application online to get information about interest rates and more.

Caliber Home Loans main features

Overjoyed indian girl read incredible news on laptop celebrate success
Learn more about Caliber Home Loans’ main features. Source: Adobe Stock

Are you wondering if Caliber Home Loans is the best option for your needs? Then compare the pros and cons of this lender below.

Pros

  • Easy online application;
  • Wide mortgage loan options;
  • Personalized services for VA loans;
  • Its website offers educational resources and a complete FAQ section.

Cons

  • Not so transparent with rates and fees;
  • Doesn’t offer home equity products;
  • A hard credit check is needed to apply and get rates and fees.

Credit score required to apply

The credit score needed to apply for Caliber Home Loans may vary depending on the type of mortgage borrowers are looking for.

For VA or FHA loans, borrowers must score at least 580. Also, to qualify for other USDA or conventional loans, you need a minimum 620 score.

You will need to talk with a loan officer at Caliber Home Loans to learn more specific requirements.

They will be there to help you discover the perfect option for you!

Caliber Home Loans application process: how does it work?

The application process for Caliber Home Loans is simple. Those interested in one of their mortgage options can make it online through the lender’s website.

It looks great, right? So if you’re interested in knowing more about how to apply for Caliber Home loans, continue reading our next post!

Caliber Home Loans logo

Caliber Home Loans: how to apply

Applying for a loan doesn't have to be difficult. Learn how to apply for Caliber Home Loans. Several loan options. Full customer service.

About the author  /  Luis Felipe Regueira

I needed to learn about finances when I was in culinary school and wanted to save money to start my own business. So I haven't stopped because I believe studying and writing about the topic can help more people achieve their goals. Currently, I write about finances and run a small coffee shop.

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