NorthWestern Financial Review


LoanDepot Overall rating: ★★★★★ 4.6 based on 12 reviews.
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Online Payday Personal Consumer Loans up to $5,000

Easy Application, Fast Processing, Quick Approval, Any Credit Score

Request a Loan

LoanDepot is a direct lender that has been providing mortgage, home equity and per-sonal loans since 2010. The company has an A- rating with the Better Business Bureau. It operates in all 50 states with more than 150 in-person branches. The company is headquartered in Southern California.

Company name LoanDepot, LLC
Founded 2010
Address P.O. Box 660275, Dallas, TX 75266-0275
Phone number (866) 258-6572


  • Direct lender
  • High loan limits
  • Available in all states
  • Personal loans up to $35,000
  • No prepayment fee
  • More than 150 brick-and-mortar locations nationwide
  • A wide range of purchase loan options
  • Loan modification programs
  • Receive funds in two to three days
  • Lifetime guarantee
  • Mortgage refinancing options available
  • One of the nation’s most active lenders
  • 600 minimum credit score
  • Online, phone and in-person service available to borrowers
  • No steering policy
  • Accepted loan-to-value ratios
  • Offers digital income, asset and employment verification


  • Does not disclose its eligibility requirements
  • Does not offer home equity loans or lines of credit
  • Published mortgage rates
  • You need a high credit score to access the best rates
  • High origination fee
  • Late payment fee
  • Third party fees
  • No mobile app
  • Requires account creation to access detailed mortgage information

Bottom line

LoanDepot is best for you if you need to close your loan quickly, if you are interested in an adjustable-rate mortgage, and if you are buying a new home. The answer to the question of whether you should apply for a loan with LoanDepot will depend on your financial situation and the type of loan that you need. The lender offers a broad range of mortgage products and you can choose what suits you best. If you have a good credit score, you can get lower interest rates. Unfortunately, fees can be quite high. Either way, if you do decide to work with this company, we recommend that you compare offers from other lenders.

Types of loans

LoanDepot offers a number of different loan types, including:

  • Refinance loans;
  • Conventional loans;
  • Jumbo loans;
  • Home equity loans;
  • VA loans;
  • USDA loans;
  • FHA loans.

Loan requirements

The lender does not disclose its eligibility requirements but in general, to qualify for a loan with LoanDepot, you must meet the following eligibility requirements:

  1. be at least 18 years old (19 in Alabama or Nebraska);
  2. be a US citizen or permanent resident;
  3. have a verifiable income;
  4. have a valid email address;
  5. have a verifiable bank account;
  6. meet the credit criteria requirements.

Category: Online Loans

Tags: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming

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LoanDepot Reviews

We purchased a home through Loan depot. The whole process was very simple and their staff was helpful. They locked my rate at 3.7 when another lender wanted to lock me at 4.7! The approval and funding process was easy. I would use them in the future and recommend to my friends!!
- Adeline Hartwick

Lifetime guarantee, managers provided an easy, effort-free process. Highly recommend them to anyone!!
- Nicholas Gilbert

I had a great experience with my refinance loan. They answered my questions immediately. It was hassle free, easy and very professional. I would surely recommend them!!
- Tony Willoughby

I had an easy and quick experience. LoanDepot is HONEST. I’ll definitely use them in the future and recommend them to my friends!
- Janet Palermo

The whole process was very efficient. No issues. Couldn't have gone better.
- Timothy Stark

The whole process was fast and simple. The staff was very helpful.
- Amie Her

The staff was great to work with. They quickly answered all my questions and helped to go over nuances which was complicated to me. I'll surely recommend them to my friends.
- Lillie Brown

I want them to stop calling me every day!!! I receive 4-5 calls a day!!!
- John Chapman

Loan Depot is a great lender. They provide honest answers to all my questions, I appreciate it!
- Norman Owensby

The process of refinancing was fast and every person I spoke to was very helpful. I highly recommend using them!
- Priscilla Wilkins

Always great and responsive customer support.
- Paul Coe

So easy to work with LoanDepot! The process went quickly. Would recommend them to anyone. So easy to finance or refinance your house with them.
- Wayne Meikle

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