loanDepot review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

loanDepot is a US mortgage lender built for buyers and remortgagers who want one online application and no product fee. Its 5.375% initial rate and 30 fixed period sit in the middle of the market, so value rests on the long term rather than a standout rate.

Key facts

Best for
US borrowers who want a long fixed term and a fee of $0.
Initial rate
5.375% (Source, checked September 26, 2026)
APRC
5.443% (Source, checked September 26, 2026)
Fixed period
30 years (Source, checked September 26, 2026)
Maximum loan to value
80% (Source, checked September 26, 2026)
Product fee
$0 (Source, checked September 26, 2026)
Purpose
Purchase, Remortgage, First-time-buyer, Home-equity (Source, checked September 26, 2026)
Legal entity
loanDepot.com, LLC (Source, checked September 26, 2026)
Headquarters
United States (Source, checked September 26, 2026)
Founded
2010 (Source, checked September 26, 2026)
Support channels
Phone, Email, Help-centre (Source, checked September 26, 2026)
Official website
loandepot.com

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaXLinkedInnmlsconsumeraccess.org

Pros and cons

Pros

  • No product fee on the 30 fixed-rate mortgage, so nothing is added at the start
  • Long fixed period of 30, which ranks 3 of 259 brands
  • Covers purchase, remortgage, first-time-buyer and home-equity lending in the US
  • Support runs on phone, email and help centre for application help

Cons

  • Initial rate of 5.375% ranks 170 of 297 brands, so it is not a cheap headline rate
  • Borrowing caps out at 80%, below the 90% market median
  • Support runs on phone, email and help centre only, with no live chat listed
loanDepot

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Scored 8.8 / 10 by BorrowCue.

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Who it suits

  • US buyers taking a 30 fixed-rate mortgage
  • First-time buyers using a purchase or first-time-buyer loan
  • Homeowners borrowing against equity

Who should look elsewhere

  • Borrowers wanting a cheaper headline rate than Sofkredit and Creditilia ES
  • Lenders needing a higher borrowing cap than 80%

Who runs it

loanDepot operates as loanDepot.com, LLC, based in the United States and founded in 2010. It is registered with 174457 under NMLS (NMLS Consumer Access) in the US, so its lending is traceable through a public licence record. Applicants get help through phone, email and help centre, which covers a phone line, email and a help centre for questions before and during the application.

How loanDepot compares

Where loanDepot is available

Available
United States
Licence in United States
NMLS (NMLS Consumer Access) (174457), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What is the initial rate on the loanDepot fixed-rate mortgage?+

The 5.375% initial rate sits on a 30 fixed-rate mortgage. Its annual percentage rate is 5.443%, and there is a product fee of $0 to set against the cost of borrowing over the term.

How much can I borrow?+

The maximum loan to value is 80%, so the mortgage covers up to that share of the property value. The market median for maximum loan to value is 90%, which means larger deposits are needed here than at the middle of the market.

What kinds of loan does loanDepot offer?+

The lending covers purchase, remortgage and first time buyer, so purchase, remortgage, first-time-buyer and home-equity borrowing all sit in one place. Applicants can start with a purchase and come back for equity borrowing against the same property later.

Is loanDepot regulated?+

loanDepot is registered under NMLS (NMLS Consumer Access) in the US, and its registration is listed as 174457. The record can be checked before an application, so the lender's status is visible in the US rather than self-stated.

How much does it cost in fees?+

The product fee is $0 on the 30 fixed-rate mortgage, so the main cost of this loan is the interest charged over the term rather than an upfront charge. Compare that with the 4.9% median annual percentage rate across the site.

How do I get help with the application?+

Help is offered through phone, email and help centre, which covers a phone line, email and a help centre. There is no live chat listed in the support channels, so a phone call is the quickest route for questions before you apply.

How does loanDepot compare with Sofkredit on rate?+

Sofkredit's initial rates run 8% to 14%, which is higher than the 5.375% here. loanDepot instead leans on a 30 fixed period and a $0 product fee, so the trade-off is the rate against the term and the upfront cost.

Who runs loanDepot and where?+

The lender trades as loanDepot.com, LLC, is based in the United States and was founded in 2010. Its lending is aimed at the US market, which is why the registered licence sits with the US regulator.

Sources

  • nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/174457 checked September 26, 2026

    Backs: Licences

  • loandepot.com checked September 26, 2026

    Backs: Legal entity, Support channels

    “NMLS#174457 - NMLS Consumer Access | (c)2009-2026 loanDepot.com, LLC all rights reserved”

  • loandepot.com/about checked September 26, 2026

    Backs: Founded

    “Founded in 2010 by mortgage industry trailblazer Anthony Hsieh, loanDepot is focused on creating a straightforward mortgage experience”

  • loandepot.com/buying-a-house/home-loan-rates checked September 26, 2026

    Backs: Headquarters

    “We are federally and state licensed in accordance with the federal government's S.A.F.E. Act”

  • loandepot.com/home-loans/fixed-rate-mortgage/30yearmortga... checked September 26, 2026

    Backs: APRC, Fixed period, Initial rate, Maximum loan to value

    “a mortgage for 30 years at 5.375% (APR 5.443%) [30 Year Fixed Rate Mortgage]”

  • loandepot.com/lifetime-guarantee checked September 26, 2026

    Backs: Product fee

    “After you finance with us the first time, we'll waive our lender fee when you refinance your home with loanDepot in the future”

  • loandepot.com/mortgage-rates checked September 26, 2026

    Backs: Purpose

    “A traditional, fixed-rate mortgage is our most popular program for refinancing or a new home purchase... originally for first-time buyers”

Compiled from 7 source pages, checked September 26, 2026. We did not open an account.

loanDepot

loanDepot

US borrowers who want a long fixed term and a fee of $0.

8.8/10See alternatives

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