LoanDepot Mortgage Review: Digital Innovation Meets Traditional Lending

— Review updated Sep 2025

- Sep 26, 2025

LoanDepot stands out as a technology-forward mortgage lender with competitive rates and an efficient digital process.

While their customer service can be inconsistent and pricing is average rather than exceptional, they offer convenient solutions for both first-time and returning borrowers.

Their "lifetime guarantee" adds unique value for clients planning future refinancing.

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This company is not recommended

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LoanDepot At glance

Popularity

The popularity score indicates the percentage of customers choosing this company the last 90 days.

Customer Experience

Positive reviews highlight competitive rates and a smooth digital application process. However, numerous customers report frustrations with communication inconsistencies and unexplained delays during closing.

Company name

LoanDepot

Website

https://www.loandepot.com/

Phone

(888) 983-3240

Email

customercare@loandepot.com

Written by

Sam Onelia

Pricing

Interest rates are competitive but not industry-leading. LoanDepot charges origination fees, appraisal fees, and closing fees. They offer rate-lock options but may not provide the most transparent fee structure upfront.

Customer Support

Support team is generally knowledgeable but feedback indicates inconsistent experiences. Some customers report excellent service while others mention difficulty resolving complex issues or complaints.

Terms and Flexibility

LoanDepot offers flexible loan options with clearly documented terms. Their "lifetime guarantee" for returning customers provides valuable benefits with no lender fees on refinances. Terms generally require deeper investigation to fully comprehension

Pros & Cons

Diverse Loan Options: LoanDepot offers a wide variety of home loan products including conventional, FHA, VA, and USDA loans, providing options for different types of borrowers.
No-Fee Refinancing Guarantee: They offer a "lifetime guarantee" feature that waives lender fees when refinancing your existing LoanDepot mortgage, potentially saving customers money on future refinances.
Multiple Application Methods: Customers can choose to apply online through their digital platform or work directly with a loan officer, providing flexibility based on personal preference.
Accessibility for Lower Credit Scores: LoanDepot works with borrowers who have lower credit scores, making homeownership more accessible to those who might not qualify with more stringent lenders.
Home Equity Products: Beyond traditional mortgages, they offer home equity products and personal loans, providing more comprehensive financial solutions for homeowners.

Mixed Customer Service Experiences: Reviews indicate inconsistent customer service quality, with some borrowers reporting communication issues during the application process.
Basic Digital Experience: Their online platform is described as somewhat clunky and not as streamlined as some competitors, potentially creating friction in the digital application process.
Limited Specialized Programs: While they offer standard loan types, LoanDepot may have fewer specialized loan programs compared to some competitors, potentially limiting options for unique borrowing situations.

Details

LoadDepot - Mortgage Loan

Mortgage Details

Mortgage NameLoanDepot offers Conventional, FHA, VA, USDA, and Jumbo loans

Lowest Nominal Interest Rate5.75%

Highest Nominal Interest Rate7.25%

Minimum APR5.85%

Maximum APR7.35%

Interest rate typeBoth

Loan Originator Fee1%

Cancellation Fees$0

Monthly Payment$0

Interest AdjustmentsExample for ARMs: initial fixed period (3, 5, 7, or 10 years), then annual adjustments with caps

Requirements

Minimum age18 years

Citizenship requiredYes

National bank requiredNo

E-identification RequiredYes

Accepts Bad Credit HistoryYes

Loan Types

First Home LoanYes

Second Home LoanYes

Investment Home LoanYes

Change Bank LoanYes

Discounts

Discounts for Bank AccountNo

Discounts for Using CardNo

Discounts for InsurancesNo

Discounts for Direct DebitYes

Features

Interest free periodNo

Maximum Amount FinancedYes

Additional fields

Recommended companyNo

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