On SocialSurvey, they have a 4.9 rating out of 5 based on roughly 25,000 customer reviews.Īdditionally, they have been named #1 large mortgage company in terms of customer satisfaction on SocialSurvey. The company seems to be very highly regarded, with solid reviews across a number of different platforms. So be sure to consider the closing costs and take a look at the mortgage APR, not just the rate, when comparing their offer to other lenders. If your LTV is higher, expect a higher interest rate.Īdditionally, they charge two discount points in their mortgage rate examples, meaning 2% of the loan amount comes via closing costs. Their rates seem competitive, but they make a lot of strong assumptions, including a loan-to-value ratio of 70% or less. While they don’t advertise their mortgage rates, you can find rate assumptions at the bottom of most pages on their website. It’s good for a full 90 days and Embrace says “it’s virtually as good as a cash offer.” Embrace Home Loans Mortgage Rates Instead of a mere pre-qualification, or run-of-the-mill pre-approval, your loan file is actually processed by a loan underwriter upfront.Īside from providing you with the assurance that you’re approved for a mortgage, it gives the home seller peace of mind that you’re a serious and qualified buyer. The company also offers a fully underwritten approval known as “Approved to Move” that can come in handy in a competitive housing market. They’ve basically got anything a borrower could wish for, so you shouldn’t be limited in any way with regard to loan program. Want a fast, free rate quote? Quickly get matched with a top mortgage lender today! They offer all the main government home loan options, including FHA loans, USDA loans, and VA loans.Īdditionally, you can get a renovation loan via the FHA 203k program. You can get a conforming mortgage backed by Fannie Mae or Freddie Mac, along with a jumbo loan up to $3 million. Adjustable-rate mortgages (5/1 and 7/1 ARMs)Įmbrace offers just about every type of mortgage you can think of, including home purchase loans, refinance loans (cash-out and rate and term), and renovation loans.Fixed-rate mortgages (30-year and 15-year fixed).Unconventional loans (self-employed and poor credit).What Types of Mortgages Does Embrace Home Loans Offer? So they do offer some digital mortgage attributes, similar to Rocket Mortgage. It sends real-time updates and helpful reminders, including upcoming events like your home appraisal and closing date. You can also download the Embrace Home Loans Mobile App for free and track your loan progress without having to call or email your loan officer. Once you’re approved, you can use the customer portal to upload documents, e-sign disclosures, and connect your bank statements via Finicity. One unique offering they have is the ability to get pre-qualified via text message. You can also request a mortgage rate quote by filling out a shorter form on their website, in which case a loan officer will reach out to you. Or simply want to look up loan officers in your area. However, you’re also able to call them directly or use their loan officer directory if you’ve been referred by someone specific. One plus to Embrace Home Loans is the ability to apply for a mortgage directly on their website without having to speak to anyone. Once approved you can track loan progress via the Embrace Home Loans Mobile App.They also offer the ability to get pre-qualifed via text message.
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