Find out more on LoanDepot Loan Administration here in this article.
Borrowers who wants to experience paperless loan lenders can patronize loandepot loan administration. This is one of lending companies that doesn’t have information about their fees online. Due to such circumstances, a borrower will have to request for a personalized rate limit and preapproval.
LoanDepot is available in all states in the US. With a minimum credit score of 620, 580, you can access a loan from them but based on the types of loans they offer.
There is also waiving fees for existing clients who refinances.
Types of loans offered by LoanDepot Administration
They offer different loans based on a minimum credit of borrowers. They include;
- Rate-and-term and cash-out refinancing
- Construction and renovation loans
Loan Requirements from LoanDepot Loan Administration
- You must be 18 years old and above
- Be a legal resident in the US
- Social Security
- A good credit score ranging from 580 upward based on the type of loan.
- Minimum downpayment of 3% – 3.5%.
- Have an employment history of at least 2 years.
- Income report, federal tax returns and bank statements.
With LoanDepot Mortgages, you can borrow from $125,000 to $3,000,000 with a 10% downpayment. You can access varieties of mortgages from them. They also do not offer Department Agriculture loans or home equity loans and lines of credit.
Types of Loan Depot Mortgages
LoanDepot has provide numerous mortgage options, which include:
- Conventional loans.
- Jumbo loans.
- FHA loans.
- VA loans.
- 3/1, 5/1, 7/1 and 10/1 adjustable-rate mortgages.
- Rate-and-term refinancing.
- Cash-out refinancing.
- Renovation loans.
You can get in touch with LoanDepot customer services either placing a call, sending an email or visiting any of their nearby offices.
Their contact information is below;
For calls, you can call them on
888-337-6888. Their working hours is between 8am to 10pm Eastern time on Mondays to Fridays. Also, on Saturday, you can get in touch between 11 am to 6pm.
Contact LoanDepot Loan Administration through the following email address; [email protected]
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