Is loanDepot a legitimate company?
Is the Lender Reputable? LoanDepot is accredited by the Better Business Bureau and has an A+ rating. Trustpilot scores loanDepot 3.7 out of 5 stars, an average rating. The Consumer Financial Protection Bureau received 400 mortgage-related complaints in 2021 about loanDepot's parent company, LD Holdings Group.
What company owns loanDepot?
LoanDepot, sometimes stylized as loanDepot, is a Lake Forest, California-based holding company which sells mortgage and non-mortgage lending products.
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||Lake Forest, California , U.S.
Is loanDepot a direct lender?
As a direct lender, loanDepot has access to low refinance rates and we can help make the process of refinancing your home fast and easy. You can get started online or call and talk to a licensed loan officer about the options available for cash out refinance programs.
What credit score does loanDepot use?
Borrowers need a minimum FICO score of 580 to qualify for a 3.5 percent down payment. If your FICO score is between 500 and 579, a 10 percent down payment is required.