SmartRatesUSA
Mortgage Lender Review🔁 Lifetime Refi Guarantee

loanDepot

Online Lender

30-yr fixed APR around 6.99%. Borrowers who want branch access alongside a digital application, or plan to refinance again later.

At a Glance

30-Yr Fixed APR

6.99%

15-Yr Fixed APR

6.30%

Min. Credit Score

580

Min. Down Payment

3.5%

Lender Type

Online Lender

Avg. Closing Time

30 days

Key Features

mello® digital lending platform for a largely paperless process

Lifetime Guarantee waives lender fees on future refinances for existing customers

Dedicated VA loan specialist team

Pros & Cons

Pros

  • Lifetime refinance guarantee can save on future refi fees
  • Broad loan menu including HELOC
  • Widespread branch network for in-person support

Tradeoffs

  • Rates can run higher than online-only competitors
  • Customer service reviews are mixed

Best for: Borrowers who want branch access alongside a digital application, or plan to refinance again later

Frequently Asked Questions

What credit score do I need for a mortgage with loanDepot?

loanDepot generally works with borrowers around 580+, though the exact rate and approval odds depend on your full credit profile, down payment, and loan program.

What loan types does loanDepot offer?

loanDepot offers Conventional, FHA, VA, Jumbo, Refinance, HELOC. Availability can vary by state and property type, so confirm your specific loan program directly with the lender.

Does loanDepot charge lender fees?

loanDepot charges standard lender fees as part of closing costs — ask for a full Loan Estimate to see the exact breakdown before committing.

Other Mortgage Lenders

Rocket Mortgage

6.75% 30-yr fixed APR

Better Mortgage

6.49% 30-yr fixed APR

Navy Federal Credit Union

6.35% 30-yr fixed APR

Rates shown are illustrative national averages for 2026 and change daily based on market conditions, loan amount, credit score, and property type — always confirm current rates directly with the lender.

← Compare all mortgage lenders