Mortgage options for borrowers with lower credit scores.It can take up to three days to get preapproved, and the time to close averages between 30 and 45 days. The minimum credit score required depends on the type of loan you’re interested in (lower for FHA and VA). The application process takes place entirely online. No HELOC loans are available, but home equity loans are. Borrowers can get conventional, jumbo and some government-backed loans with a rate lock of 90 days. Rocket Mortgage is an online mortgage company developed by one of the largest national lenders (Quicken Loans). That says a lot in today’s mortgage arena,” Brenda in New Mexico said after refinancing with New American Funding. “They made us feel like we really mattered and weren’t just a number, like most loan companies make you feel. Many noted the company’s loan officers are helpful throughout the homebuying process, which is especially beneficial for first-time buyers. What reviewers say Many ConsumerAffairs readers report they had a great experience overall.
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