LoanDepot Mortgage review: terms, rates, and more

Find out if this LoanDepot Mortgage is the right company for you. We will look at their rates, terms and customer service to see if they are a good fit for an online mortgage lender.


LoanDepot Mortgage: enjoy quick closing and multiple loan products

LoanDepot Mortgage logo
LoanDepot Mortgage full review. Source: The Insider Advisor

Wondering if this lender is the right option for you? Then keep reading our LoanDepot Mortgage review to find out. We’ll take a closer look at what this lender has to offer.

LoanDepot Mortgage logo

LoanDepot Mortgage: how to apply

If you want to apply for the LoanDepot Mortgage, then you’re in the right place. Enjoy an easy and convenient application. Read on for more.

We’ll also compare its advantages and disadvantages to help you decide. So, if you’re ready to learn more about LoanDepot Mortgage, keep reading.

Credit Score620 or higher;
Loans OfferedConventional, jumbo, FHA, VA, fixed, and adjustable rate. Home Equity, Rate-and-term, and cash-out refinancing. Constructions and renovation loans.
Minimum Down PaymentAs little as 3%;
APRNot disclosed;
TermsUp to 40 years.

LoanDepot Mortgage review: what you need to know

LoanDepot Mortgage is currently one of the biggest lenders in the market.

Also, it is known for its high customer satisfaction ranks, variety of loan products, and more than 200 branches nationwide.

As a result, borrowers can choose between conventional, jumbo, VA, and FHA loans.

Also, they can apply for home equity, rate-and-term, cash-out refinancing, and construction and renovation loans.

With up to 40-year terms, LoanDepot delivers both fixed and adjustable-rate mortgages. Also, customers can pay as low as 3% of the property price on their loans.

Nevertheless, LoanDepot might not be that transparent regarding interest rates and fees. They do not disclose it on their website.

As a result, borrowers must contact a loan officer to learn more about it.

LoanDepot offers some great perks for its customers.

Such as Lifetime Guarantee allows the existing customers to waive lenders’ fees and reimburse appraisal fees on future refinancing with this lender.

Furthermore, this lender delivers a fully digital experience. Borrowers can enjoy a convenient online application through the “Mello Smartloan” platform.

Borrowers can also enjoy multiple resources to help them through their mortgage process.

These resources include the “Knowledge Cafe,” with numerous articles about buying and owning a home.

LoanDepot Mortgage main features

Gorgeous positive young dark skinned female blogger keyboarding
Find out what are the main features of LoanDepot Mortgage. Source: FreePik

LoanDepot is an excellent choice for anyone looking for a quick closing, multiple loan options, and convenient service.

However, you need to learn this lender’s main details before deciding. Then let’s compare the advantages and disadvantages of the LoanDepot Mortgage. Check it out!


  • Enjoy a variety of loan products;
  • Apply through a convenient digital process;
  • This lender has more than 200 branches nationwide;
  • Enjoy Lifetime Guarantee, waive lender fees, and reimburse appraisal fees for future refinances with LoanDepot.


  • This lender does not disclose its rates and fees on its website;
  • It doesn’t offer USDA loans.

Credit score required to apply

Borrowers can apply for a home loan with LoanDepot with a minimum credit score of 620. However, this requirement will vary depending on the home loan option they’re applying for.

As a result, conventional and VA loans will require a minimum of 620. For jumbo loans, borrowers will need 700. Also, they can qualify for an FHA loan with a minimum credit score of 580.

LoanDepot Mortgage application process: how does it work?

Applying for LoanDepot Mortgage is simple. They offer a convenient full digital application process. For that reason, borrowers can go through their mortgages as smoothly as possible.

So, are you interested in learning more about applying for this lender? Great! The following article will teach you everything you need to know. Let’s go!

LoanDepot Mortgage logo

LoanDepot Mortgage: how to apply

If you want to apply for the LoanDepot Mortgage, then you’re in the right place. Enjoy an easy and convenient application. Read on for more.

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

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