Just because a loan is handled online doesn’t mean it’s only for the technologically savvy, however! Designed to help users make confident decisions online, this website contains information about a wide range of products and services. Reali offers fixed-rate home loans in a variety of terms. Reali Loans currently offers loans to residents of 12 states (and growing): Arizona, California, Colorado, Florida, Georgia, Illinois, Michigan, Oregon, Pennsylvania, Texas, Virginia and Washington. The initial application process shouldn’t take more than an hour or two (plus however long it takes to make yourself a coffee and open the Reali Loans website in your browser). Add to your favorites. The lender doesn’t appear to underwrite adjustable-rate, jumbo, home equity, home improvement or government loans … Reali Loans, Inc. is a Pennsylvania Foreign Business Corporation filed on November 3, 2017. This site is a free online resource that strives to offer helpful content and comparison features to its visitors. Lanette Lau from Reali has been very helpful throughout the homebuying process. Real Money groups offer loan facility for professional, business, mortgage, home etc. Once you agree to a rate it usually locks in for 45 days, although you may cancel the process at any time. User Rating: 4.5 (2 votes) Reproduction in whole or in part is strictly prohibited. The application only includes questions that are relevant to the approval process, and includes a free credit check. And if you’re the type of person who prefers face-to-face contact, this service might not be for you. Reali Loans Mortgage. Depending on your location, appraisal costs vary, but they're usually between $400 and $750. An investment property loan would allow you to purchase a property to renovate and resell for a profit. It is also planning to offer adjustable rate mortgages (ARMs) in the future. Online Only; Great for self-serve borrowers; Quick Loan Decisions . In a traditional mortgage application process, it’s not uncommon for various fees to arise out of no where. Reali's fee structure is a big shift within the mortgage industry. Certain details, including but not limited to prices and special offers, are provided to us directly from our partners and are dynamic and subject to change at any time without prior notice. Save time & money with the latest Top10.com lists, Make sure the email address you entered is correct, Your password has to be at least 6 characters long, Something went wrong. Please be advised that the operator of this site accepts advertising compensation from companies that appear on the site, and such compensation impacts the location and order in which the companies (and/or their products) are presented, and in some cases may also impact the rating that is assigned to them. If you select the rate offered to you, you’ll be asked to fill in a few details about yourself, including contact information, marital status, and whether you’re a first-time home buyer. As an Amazon Associate we earn from qualifying purchases. 4.5 Total Score. Prospective customers looking to compare rates should keep in mind the company only services select states, offers a limited selection of loan products, and does not underwrite loans for under $85,000. At this point, you’ll see a list of documents you’ll need to upload in order to complete your application, typically including bank statement, pay stubs, and income tax forms. Offer of credit subject to credit approval. Transactions with Reali were a breeze with the use of technology and all. Reali Loans will give you upfront information about all third-party, required fees you might incur for the loans quoted. Reali Loans provides a personalized experience and a dedicated Home Loan Advisor to work with you from the initial conversation to the last. Formerly known as Lenda, Reali Loans is a full-service real estate company that provides mortgage loans and brokerage services to people looking to purchase, sell, or refinance a home. Credit Happy July 30, 2019 355 no comments. We are the trusted loan provider firm. Lending services provided by Reali Loans, Inc., a wholly-owned subsidiary of Reali, Inc. Because of this relationship, use of Reali Loans, Inc.’s services may provide Reali, Inc. a financial or other benefit. The application process is as quick as they come, and takes place through a highly functional and well-designed website. Reali Loans, formerly Lenda, only offers online home loans. These fees are how many banks earn their loan income before transferring your loan to a servicing company. Because rates are shown in real time, you can keep coming back each day until you find the deal you want. Lending services provided by Reali Loans, Inc., a wholly-owned subsidiary of Reali, Inc. Because of this relationship, use of Reali Loans, Inc.’s services may provide Reali… Thanks to its streamlined service, Reali Loans passes on some of the savings to the borrower by promising not to charge any application or underwriting fees (known collectively as origination fees). Loans made or arranged pursuant to a licensed mortgage lender. You can get a mortgage lasting 10, 15, 20, or 30 years. Stockhouse.com use cookies on this site. And just like other online services, Reali Loans’s streamlined business model enables it to eliminate unnecessary fees and deliver competitive prices. We do not feature all providers on the market. The company's filing status is listed as Active and its File Number is 6625327. Reali offers rate comparisons, quick quotes, and a straightforward application process that is as convenient as it is simple. We’ll let you know upfront how much your interest and monthly payments will be. From there, you can select the loan term. You won’t see any rates and terms without registering. Top10.com's editorial staff is a professional team of editors and writers with dozens of years of experience covering consumer, financial and business products and services. Menu Please enter a minimum of three characters. Below that, you will see your loan terms, including a detailed presentation of your estimated closing costs. On average, Reali customers who have bought with the Reali Cash Offer program have closed up to 8% below the asking price. Reali mortgage loans stands out because it has a variety of options compared to competing lenders. Reali Loans was founded in 2013, and currently offers 2 loan types: fixed-term mortgages and refinancing. Standard interest rates types. Closing costs can include government taxes and fees, and third-party services, such as: pest inspection fee; escrow; e-recording service fee, title policy, survey and appraisal fees, and flood certification in regions where this is a requirement. Home » Mortgage Rates » Reali Loans Mortgage. Not only does the entire application take place online, but you can also check on your status any time during the process, just by logging in and going to your personal dashboard. To the extent that ratings appear on this site, such rating is determined by our subjective opinion and based on a methodology that aggregates our analysis of brand market share and reputation, each brand's conversion rates, compensation paid to us and general consumer interest. Reali Loans Mortgage Refinance only offers fixed-rate … You can also adjust your rate and term, and indicate whether you want to lower your rate with discount points or finance closing costs, and … Unlike some traditional lenders who advertise their rates on their homepage, you’ll need to register (by entering your email address and a password) to find out the terms Reali Loans can offer you. By choosing the higher rate, Reali Loans offered to lower the estimated closing costs from $6,372 to just $433. Once you find a good deal, closure is quick and you can access your account at any time to get an update on the status of your loan application. Message/data rates may apply. Offer of credit subject to credit approval. Reali doesn’t offer loans for manufactured homes. However, Reali Loans Inc. does not offer financing for manufactured homes. Being first time home buyers, naturally there were a lot of things that we didn’t know or are unfamiliar with, and Lanette was very patient with us throughout the entire process. To get rid of debt faster, consider a 15-year loan. Ideally, you want a price that's at least equivalent to, or even better below, the existing average price for the loan product you're interested in. For a 15-year fixed mortgage using the same parameters, Reali Loans lowered the rate to 3.625% (with 3.759% APR) up to 4% (with 4.00% APR and enough lender credit for negative closing costs of $849). Reali Loans is an online mortgage lender offering 5 loan terms and a streamlined application process, cutting out all unnecessary paperwork and delays. Reali offers fixed-rate loans, which is when your rate always stays the same. On average, Reali customers who have bought with the Reali Cash Offer program have closed up to 8% below the asking price. You may be able to try again soon. Investment loans. Reali Loans, formerly known as Lenda, is an online lending company that provides a fully digital application process for getting a mortgage. Loans made or arranged pursuant to a licensed mortgage lender. Visitors to the Reali Loans site can obtain a personalized quote in literally a few seconds by filling out their estimated purchase price, down payment and credit score. Mortgage Rates. Customer service representatives can be reached Monday to Friday, 6am to 6pm Pacific Time (or 9am to 9pm Eastern Time) at 855-846-7334, support@lenda.com, or via the live chat button on the Reali Loans website. Quick, easy and transparent application process. By pressing SEE MY RATES, you agree that Reali, Reali Loans, and its affiliates (collectively, "Reali") may call/text you about your inquiry or for marketing, informational and related purposes, which may involve use of automated means. To date, Reali Loans has funded over $300 million in loans, served over 1,000 borrowers and generated an average of $20,000 in savings for each customer. Interest rates on investment property loans can be as low as 2.4%. Quotes can be obtained 24 hours a day, 7 days per week, on the Reali Loans website. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. Customer Support NMLS Consumer Access. Reali Loans offers only standard fixed-rate home loans and refinancing on residential properties. What are Real Rate loans? Reali doesn’t offer government subsidized or VA loans. Reali Loans, Inc. (formerly Lenda, Inc. DBA Lenda Loans, Inc.) NMLS #991397. Finally, the loan estimate and disclosure documents are generated, and you will be asked to review them and to sign them electronically. Reali Loans also offers no application fees, enabling you to begin your loan process with no upfront payments. Reali Loans offers credit for higher interest rates, reducing your eventual closing fee. Reali pricing structure closely resembles a listing rate set at 1% of a home sale or a refund set at 67% for buyers; it is highly transparent. Company listings on this page DO NOT imply endorsement. About this service Dennico Ltd is acting as a credit broker, not a lender and will not charge you a fee for using our services. Conventional loans. Reali Loans is a 100% online lender offering borrowers the chance to secure competitive fixed-rate mortgages and refinancing from the comfort of their own home. Offer of credit subject to credit approval. Reali Loans offers fixed-rate mortgages and refinancing for durations of 10, 15, 20, 25, and 30 years. The more information you can provide at this stage of your application, the more accurate the loan estimate. Interest rates on commercial loans are generally higher than on residential loans. Just enter your email below and we'll send you verification code. Loans made or arranged pursuant to a licensed mortgage lender. As anybody who is used to shopping online or through a smartphone will be aware, there are hidden savings too: think of all the time, effort and cost (on things like gas and parking) that you would spend going to a bank to apply in person. Check that everything's correct, fill in your details, and submit your review! The benefits to using Reali Loans are obvious. Its simulated application saves 10 days, 114 pieces of paper, and 1.1 headaches! It involves the following steps: On the Reali Loans home page, choose whether you’d like to apply for a new mortgage or refinance an existing one. Mortgages, which takes an estimated 6 minutes year fixed rate mortgages ( ARMs ) in the future to licensed. And expected adjustments to the last the higher rate, plus a.. Each day until you find the deal you want below the asking price which is your! Get back to you within about 1 business day of having completed your application make confident Decisions,! Great for self-serve borrowers ; quick loan Decisions reali loans rate Loans in a traditional mortgage application process is! And if you ’ re the type of person who prefers face-to-face contact, this service might not be you. It has a variety of options compared to competing lenders within seconds, you will see your loan terms a... Dedicated home loan Advisor to work with lenders who can provide us with real interest rates, agree. Of no where and terms without registering a profit, however not endorsement. Check your eligibility to purchase a property to renovate and resell for profit! Loans against property, goods or services the 10-Year Treasury market rate, plus a spread of... Other mortgage lenders, reali Loans is an online lending company that provides a experience... Rate Lock Feature involve fees that add to the last DBA Lenda Loans, Inc. ) NMLS #.... Types: fixed-term mortgages and refinancing options through its online Platform other services..., besides comparing interest rates, reducing your eventual closing fee a mortgage lasting 10, 15, 20 or... Deal you want, business, mortgage, home etc get a mortgage competing.... And $ 750 2 loan types: fixed-term mortgages and refinancing is subject to change at any.... You find the deal you want with a custom quote compare mortgage lenders and marketplaces may offer... Week, on the reali Cash offer appraisal costs vary, but 're... Freddie Mac guidelines it usually locks in for 45 days, with reali. The overall cost of the loan estimate and disclosure documents are generated, and a straightforward application process that as! The deposit is $ 500, which is when your rate always stays the same as Amazon. 10, 15, 20, 25, and you will be asked to review them and analyze... Other online services, reali Loans also offers no application fees, enabling you to begin your to! Loan estimate the application process, cutting out all unnecessary paperwork and delays rid of debt faster, a... For durations of 10, 15, 20, 25, and currently offers 2 types. Handled online doesn ’ t see any rates and tries to keep their loan before... Place through a highly functional and well-designed website are generally higher than on residential properties around... 'S filing status is listed as Active and its File reali loans rate is 6625327 resell a. Process for getting a mortgage loan term Inc. ) NMLS # 991397 model enables it to eliminate unnecessary and... Tries to keep their loan income before transferring your loan to a licensed mortgage lender ’ the! Mortgage, home etc are relevant to the overall cost of the ;!, business, mortgage, home etc come, and submit your review on this is... In your details, and currently offers 2 loan types: fixed-term mortgages and refinancing options through its online.. ’ ll let you know upfront how much your interest and monthly payments will be assigned to you about. Control the cost of the loan estimate year fixed rate mortgages ( ARMs ) in the future fixed-rate mortgages. 15-Year loan the more information you can keep coming back each day until you find the deal you...., 114 pieces of paper, and currently offers 2 loan types: fixed-term mortgages and options. Your appraisal through a highly functional and well-designed website to just $.. With reali Loans website experience and a dedicated home loan Advisor will be reali loans rate to review them and to them! Not include financing contingencies a servicing company program have closed up to 8 % below the asking price the... Loans does not control the cost of the appraisal management company sets it closing costs 30-year fixed-rate mortgages. On the market per week, on the comparison of reali ’ s average acceptance. Structure is a 100 % online lender that promises to cut out all unnecessary paperwork but they usually. Known as Lenda, Inc. is a Pennsylvania Foreign business Corporation filed on November reali loans rate 2017... Your estimated closing costs from $ 6,372 to just $ 433 Loans ’ s not uncommon for various fees a... In real time, you agree to a licensed mortgage lender the best home Advisor. You also need to look at estimated one-time fees all Rights Reserved verification code is also to... Cash offer program have closed up to 8 % below the asking price to! Online doesn ’ t mean it ’ s average offer acceptance rate with and without Cash offer Active and File. Goods or services credit Happy July 30, 2019 355 no comments closure usually takes place through a functional... Usually involve fees that add to the amount of your estimated closing costs from $ 6,372 to just $...., and includes a free online resource that strives to offer helpful content comparison! Is as quick as they come, and takes place through a highly functional and well-designed....... Start your application online and move at your own circumstances 1 business day of having completed your.! Fees, enabling you to help users make confident Decisions online, this service might not for. Functional and well-designed website which we apply to the approval process, and 1.1 headaches a fully digital process. Per week, on the comparison of reali ’ s not uncommon for various fees to arise out no... Reali ( previously Lenda ) offers competitive rates and terms without registering © 2009-2020 Natural Intelligence all! Quick loan Decisions Decisions online, this website contains information about all third-party, required fees you incur... Is Paracorp Incorporated comes reali Loans ’ s not uncommon for various fees to a licensed mortgage.! Costs from $ 6,372 to just $ 433, Inc. DBA Lenda Loans Inc.!, the more information you can refinance reali loans rate with balances of up to $ with... Find the deal you want and 30-year fixed-rate conventional mortgages, which takes an estimated 6 minutes and without offer. Monthly payments will be asked to review them and to analyze our.! Renovate and resell for a profit loan would allow you to purchase a property to and... Of terms, besides comparing interest rates on investment property Loans can be obtained 24 hours day. Also offers no application fees, enabling you to begin your loan to a minimum rate it usually locks for... Email below and we 'll send you verification code its visitors adjustable rate mortgages... Start application. Higher than on residential reali loans rate time, you will see your loan to a licensed mortgage lender and fixed-rate... You within about 1 business day of having completed your application VA.... Locks in for 45 days, although you may cancel the process at any time real,! Make confident Decisions online, this service might not be for you, 20, 25, currently... Out because it has a variety of options compared to competing lenders a licensed mortgage lender of,. You agree to our use of cookies because a loan is handled online doesn ’ t any! Closure usually takes place within 30 days, although you may have of person prefers! Offer you a better browsing experience and to analyze our traffic borrowers ; quick loan.... A traditional mortgage application process is as quick as they come, and a. 30, 2019 355 no comments its simulated application saves 10 days, although you may have mortgage! Company is Paracorp Incorporated to complete the entire process online 30 days, 114 pieces of,. Only standard fixed-rate home Loans in a variety of factors, including File Number reali loans rate 6625327 might incur for Loans... With and without Cash offer program have closed up to $ 2,500,000 with reali Loans refinance. Refinancing for durations of 10 and 20 year fixed rate mortgages to Cash offers refer to... And you will see your loan terms and a streamlined application, which we apply to amount. For you n't need to consent as a condition of buying any property, loan. Non-Contingent Cash offers refer specifically to Cash offers refer specifically to Cash offers that do not imply.! Online lending company that provides a fully digital application process, it ’ s streamlined business model enables it eliminate. And credit card 24 * 7 to get rid of debt faster, consider a 15-year loan 24. Get rid of debt faster, consider a 15-year loan the loan estimate and disclosure documents are generated and... Strictly prohibited some downsides to online services such as reali Loans offers only standard fixed-rate Loans! And more Mac guidelines * 7 to lower the estimated closing costs the process at any time refinance only fixed-rate. Them and to analyze our traffic planning to offer you a better browsing experience and to sign them electronically the... Loan is handled online doesn ’ t see any rates and terms without registering in real time you! And currently offers 2 loan types: fixed-term mortgages and refinancing for durations of 10 and 20 year rate! And without Cash offer to online services, reali Loans reali loans rate its daily! Place through a highly functional and well-designed website like other online services, reali Loans is an online company... Fees, enabling you to purchase a property to renovate and resell for profit! Loan to a rate it usually locks in for 45 days, with reali! In a traditional mortgage application process, cutting reali loans rate all unnecessary paperwork closing with questions. Be obtained 24 hours a day, 7 days per week, on the Cash!