loanDepot operates in all 50 states as well as Washington, DC Unfortunately, it does not publish its interest rates online. To see your rates, you will need to complete an application.
Types of loan
loanDepot offers the following types of mortgages:
Adjustable rate mortgages (ARMs) are also available through loanDepot with terms of three, five, seven or 10 years. You can also opt for an FHA ARM when buying or refinancing a home.
Note that if you want a loan guaranteed by the United States Department of Agriculture (USDA), you will need to consider another lender. While loanDepot offers both FHA and VA loans, it does not provide USDA loans.
loanDepot has not publicly disclosed a minimum loan amount.
Borrowers can access up to $3 million with a jumbo loan from LoanDepot.
loanDepot manages some of the loans it offers. This includes:
- Recently Funded Freddie Mac and Fannie Mae Loans
- Ginnie Mae Loans (FHA and VA)
In 2021, loanDepot updated its service portal to allow borrowers to set up one-time or recurring payments, send secure messages and opt for paperless notifications.
A wide variety of mortgage products, all (except jumbo mortgages) available for amounts as low as $25,000. Everything from conventional mortgages to VA loans can be customized to borrower needs, such as one-year terms, and loanDepot takes into account alternative data, such as rent or utility payments. , in its underwriting process.