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Immediately we’ll try tech-minded lender “GO Mortgage,” which is a dba of GSF Mortgage Company.
Whereas GO is just a few quick years previous, its mother or father firm GSF has been round since 1995. And its founders have been within the mortgage biz for the reason that Nineteen Seventies.
So clearly there’s a robust pedigree right here, and the mixture of the most recent know-how coupled with old school customer support might be a win for customers.
Let’s study extra about GO Mortgage to find out if it might be a go-to spot on your residence mortgage wants.
GO Mortgage Quick Info
- Impartial direct-to-consumer mortgage lender
- A dba of mother or father firm GSF Mortgage Corp.
- Based in 2018, headquartered in Brookfield, Wisconsin
- Presents residence buy loans, refinances, and building loans
- Presently licensed in 36 states nationwide
- Funded roughly $1.3 billion in residence loans final 12 months
GO Mortgage is an impartial, direct-to-consumer mortgage lender that gives residence buy financing, refinances, and building loans.
The corporate was based in 2018 and is headquartered in Brookfield, Wisconsin, the state the place they do the majority of their enterprise.
In actual fact, almost 25% of complete mortgage quantity got here from the Badger State, although they’re additionally fairly energetic in Texas, Florida, North Carolina, and Virginia.
General, they managed to fund about $1.3 billion in residence loans final 12 months, with about half of that coming from refinance transactions, a 3rd from residence purchases, and the remaining residence enchancment.
Presently, they work remotely with prospects in 36 states nationwide as they don’t seem to have bodily branches.
They aren’t accessible in Alaska, Connecticut, Hawaii, Massachusetts, Montana, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Rhode Island, Vermont, West Virginia, or Wyoming.
How one can Apply with GO Mortgage
- Their ‘On the GO’ digital app is powered by fintech firm SimpleNexus
- Permits prospects to use for a mortgage from any gadget in simply minutes
- Skill to hyperlink monetary accounts, securely scan/add docs, and eSign disclosures
- Use the borrower portal to examine your progress and obtain standing updates alongside the way in which
To get began, merely navigate to the GO Mortgage web site and hit “Get Charges.” Or just name them up on to get related with a mortgage officer.
If you happen to already know who you’ll be working with, you’ll be able to search by title when you click on “Discover an Advisor.”
Those that are able to go can click on “Apply Now” and start filling out the digital software powered by SimpleNexus.
There’s additionally a smartphone app known as “On the GO” for those who want to handle your mortgage expertise out of your cell gadget.
As soon as within the app, it’s doable to hyperlink monetary accounts, securely scan and add docs out of your cellphone, and message your mortgage officer immediately when you will have questions.
You’ll additionally get updates as you go and there’s an internet borrower portal the place you’ll be able to examine your mortgage standing.
If you happen to’re seeking to get pre-approved for a mortgage, they are saying you are able to do so in about 24 hours.
They seem to make use of the most recent tech, but in addition have devoted mortgage officers and processors standing by to assist when wanted.
Mortgage Applications Accessible at GO Mortgage
- House buy loans
- House renovation loans
- Refinance loans: charge and time period, money out, and streamline
- Typical mortgages
- Jumbo loans
- FHA/VA/USDA loans
- Single-close building loans
Go Mortgage has a reasonably in depth product menu, providing something from a house buy mortgage to a mortgage refinance to a renovation or building mortgage.
You can too get your palms on any main sort of mortgage, whether or not it’s a traditional mortgage backed by Fannie Mae, a jumbo mortgage, or a USDA loan.
They appear to specialise in single-close building loans, with choices for all main mortgage varieties together with Fannie Mae, FHA, VA, and USDA.
Each fixed-rate and adjustable-rate mortgages can be found in quite a lot of mortgage phrases, together with choices just like the 15-year fastened and 5/1 ARM.
GO Mortgage Charges
Whereas GO Mortgage says a lot of its prospects select them for his or her low charges, they don’t characteristic on their homepage or elsewhere on their web site.
As such, you’ll both have to fill out their mortgage charge quote kind on-line, or just name them as much as get related with a licensed mortgage officer.
I used to be capable of finding a minimum of one mortgage advisor that listed pattern day by day mortgage rates on his private webpage, however most didn’t.
From what I did see, the mortgage charges had been undoubtedly aggressive, however it is going to depend upon the mortgage state of affairs.
When it comes to lender charges, I couldn’t discover any data relating to a doable loan origination fee, processing, underwriting, and many others.
So remember to take the time to talk with somebody first to get all these particulars, then store round accordingly.
My assumption is that they’re competitively priced with different nonbank, direct lenders, which could put them forward of massive banks, however maybe not absolutely the lowest on the market.
However once more, you’ll have to get in contact with a human to search out out.
GO Mortgage Critiques
One factor Go Mortgage isn’t quick on is superb evaluations.
On Expertise.com, they’ve bought a 4.79-star ranking out of 5 from greater than 7,000 buyer evaluations.
Remember to try particular person mortgage officer evaluations as nicely if you wish to fine-tune your search and work with somebody really distinctive.
Over at Zillow, GO Mortgage has a stellar 4.88-star ranking out of 5 from about 1,000 buyer evaluations.
In addition they have an equally robust 4.9-star ranking on Bankrate, and a 4.7-star ranking on Google from about 250 evaluations.
The corporate is an accredited enterprise with the Higher Enterprise Bureau, and at present holds an ‘A+’ ranking with the BBB based mostly on grievance historical past.
To sum issues up, GO Mortgage seems to be a preferred alternative for each residence consumers and people seeking to refinance.
And as famous, they specialise in one-time building loans, in order that they might be possibility for those who’re constructing a house.
GO Mortgage Professionals and Cons
The Professionals
- A paperless, digital mortgage mortgage course of
- Can apply on-line or by way of smartphone in minutes
- A number of mortgage applications to select from
- Focus on one-time shut building loans
- Glorious buyer evaluations throughout all rankings websites
- A+ BBB ranking, accredited enterprise
- Seem to service their very own loans
- Free biweekly mortgage funds
- Free mortgage calculators on their web site
The Cons
- Don’t checklist mortgage charges or lender charges on-line
- No bodily department areas
- Not accessible in all states
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