Posted on February eleventh, 2021
At the moment we’ll try a mortgage lender based mostly within the south by the title “Assurance Monetary,” which is headquartered in Baton Rouge, Louisiana.
Except for being followers of LSU, in addition they say you may apply for a mortgage throughout halftime, which is useful in the event you’re a sports activities fan.
They’re capable of get issues accomplished shortly as a result of they’ve employed the newest cutting-edge know-how, and so they do every thing in-house. Let’s study extra.
Assurance Monetary Quick Info
- Direct mortgage lender that operates on-line
- Presents house buy financing, refinances, and building loans
- Based in 2001, headquartered in Baton Rouge, LA
- Licensed in 43 states and the District of Columbia
- Funded greater than $1 billion in house loans final yr
- Does most of their enterprise in house state of Louisiana
Assurance Monetary is an unbiased, direct-to-consumer full-service residential mortgage banker that gives house buy financing, mortgage refinances, and building loans.
This implies you may apply for a house mortgage straight from their web site so that you don’t want to go away your sofa.
However whereas the corporate largely operates on-line, they do have bodily branches in eight states nationwide to serve clients regionally.
They’ve been round because the flip of the century, which is a lifetime within the mortgage biz, and funded greater than $1 billion in house loans final yr.
At current, they’re licensed in 43 states and the District of Columbia, however not at present accessible in Arizona, Hawaii, Missouri, Nevada, New Jersey, New York, or Utah.
A lot of their enterprise got here from their house state of Louisiana, together with Alabama, Georgia, Texas, and Virginia.
About 70% of complete quantity comes from house buy loans, with the rest largely refinances and a few HELOCs.
Find out how to Apply for a Mortgage with Assurance Monetary
- You may name them, have them name you, get in contact with a mortgage officer, or use their digital assistant Abby
- Their digital mortgage providing is powered by main fintech firm Mix
- It lets you full many of the course of electronically from any machine
- They deal with all the mortgage course of from begin to end in-house to make sure flip instances are fast
One wonderful thing about Assurance Monetary is the power to use for a house mortgage from any machine utilizing the newest know-how.
They’ve turned to Mix to get that accomplished, and go a step additional in simplifying issues by bringing of their digital assistant Abby.
The character is definitely based mostly on their “very actual” Submit Closing Supervisor Abby Widmer.
You may apply with “Abby” in as little as quarter-hour and get useful ideas and steerage alongside the best way so what you’re stepping into and what to anticipate.
However if you need an actual human that can assist you proper off the bat, you’re additionally capable of peruse the web mortgage officer listing on their web site.
There you may enter your location to see which mortgage officers are licensed in your state, then get entry to their contact data if you wish to focus on pricing and mortgage choices first.
No matter the way you apply, a licensed mortgage officer will step in sooner or later to get you authorized and allow you to fund your mortgage.
Both manner, it’ll be tremendous easy as a result of you may full the app on-line and hyperlink your monetary accounts and tax returns utilizing your credentials as an alternative of getting to scan or fax paperwork.
Moreover, you may eSign all these pesky disclosures and handle your mortgage from their on-line portal 24/7. You’ll additionally get standing updates and a to-do listing to remain on monitor.
As talked about, in addition they have branches in eight states in the event you favor to do enterprise in-person, together with Alabama, Colorado, Georgia, Louisiana, North Carolina, South Carolina, Texas, and Virginia.
Mortgage Applications Supplied by Assurance Monetary
- Dwelling buy loans
- Refinance loans: charge and time period and money out
- Building loans (one and two-time shut choices)
- Conforming loans backed by Fannie Mae and Freddie Mac
- FHA loans
- VA loans
- USDA loans
- Jumbo loans
- Non-QM loans
- Down cost help applications
- Manufactured house loans
- Mounted-rate and adjustable-rate choices accessible
Assurance Monetary has a really big selection of mortgage applications accessible, and lends on all property varieties, together with single-family properties, condos/townhomes, and even manufactured properties.
You may get financing for a main residence, trip house, 1-4 funding property, or perhaps a new construct in the event you’re establishing your dream house.
For those who’re an present home-owner, you may reap the benefits of a rate and term refinance or a cash out refinance if you wish to reap the benefits of a decrease charge and/or your accrued fairness.
With regard to mortgage varieties, you may get a conforming loan backed by Fannie/Freddie, a government-backed mortgage reminiscent of an FHA or VA mortgage, or perhaps a jumbo mortgage.
They are saying in addition they provide non-QM choices and down cost help applications for first-time house consumers, together with home equity lines of credit (HELOCs).
Each fixed-rate and adjustable-rate mortgage choices can be found in a wide range of mortgage phrases.
Assurance Monetary Mortgage Charges
One downside to Assurance Monetary is the truth that they don’t listing their mortgage rates on-line or elsewhere.
As such, it’s unclear the place they stand within the mortgage pricing division. It is strongly recommended that you simply communicate to a mortgage officer to get pricing first earlier than diving into an utility.
That manner you will be assured that they’re competitively priced relative to different lenders on the market so that you don’t waste your time.
Additionally make sure you inquire about any lender charges they might cost, reminiscent of an utility price or loan origination fee.
As soon as these items, which collectively make up the mortgage APR, you may precisely store your property mortgage with different lenders to make sure they’re good on value.
Assurance Monetary Evaluations
They appear to actually excel in the case of customer support, a lot so that somebody dwelling far-off from their company headquarters may be tempted to make use of them.
On SocialSurvey, they’ve a 4.94-star ranking out of 5 from practically 15,000 buyer opinions, which is spectacular for each the ranking and sheer quantity.
Equally, they’ve acquired a 5-star ranking out of 5 from greater than 7,000 opinions on LendingTree, with a 100% really helpful rating.
They’re rated wonderful in each class, together with rates of interest, closing prices, responsiveness, and customer support.
On Zillow, it’s the identical deal, a 4.99-star ranking out of a attainable 5 from nearly 100 opinions, which whereas a smaller pattern dimension is on level with their different scores.
Lastly, they’re a Higher Enterprise Bureau accredited firm (since 2003) and at present maintain an ‘A+’ ranking based mostly on buyer grievance historical past.
In abstract, Assurance Monetary has unbelievable buyer satisfaction scores, the newest know-how, a wonderful web site, and tons of mortgage applications to select from.
Assuming in addition they provide nice pricing, they could possibly be a wonderful alternative in your house mortgage wants, whether or not you’re a first-time purchaser or an present home-owner.
Assurance Monetary Professionals and Cons
- Can apply for a house mortgage straight from their web site
- Provide a digital mortgage utility powered by Mix
- Even have a digital assistant that can assist you alongside the best way
- Their web site may be very trendy and straightforward to navigate
- A number of applications to select from together with jumbos and non-QMs
- Wonderful buyer opinions from previous clients
- A+ BBB ranking, accredited firm
- Bodily branches in some states
- Free mortgage calculators and mortgage guides on-line
- Not licensed in all states
- Don’t listing mortgage charges or lender charges on their web site
(picture: Stuart Seeger)