Embrace Home Loans Review

BySarah PritzkerJul.15, 2021
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In a Nutshell

Embrace Home Loans streamlines your mortgage or refinance loans with a single dedicated loan officer and fast approval process


  • Dedicated single point of contact
  • Fast loan approval time
  • FHA and VA loan options


  • No transparent rates and terms on the website
  • No live chat
  • No USDA or Jumbo loans

Embrace Home Loans at a Glance

Loan TypesHome purchase, refinance
Featured Loans 
Conventional, FHA, VA, HARP
Repayment Terms15-, 30-, 40-year fixed, 5/1 ARM
Down Payment0-20% minimums
Credit Score580+
Suitable ForLoans with Guaranteed On-Time Closing 

Embrace Review


Embrace Home Loans, a direct lending platform that specializes in offering a high level of customer support to borrowers, offers traditional, FHA, and VA home purchase loans and a variety of refinance loans for cash out borrowing or to reduce monthly payments. There’s no cost to submit an application.

  • VA loans

  • FHA loans

  • Traditional fixed-rate

  • Variable- rate mortgages

  • Fast loan approval process can be completed within 3 weeks

  • Refinance loans for cash out, to reduce monthly interest payments, or debt consolidation

  • No upfront application fees

Suitable for?

Borrowers who are applying for:

  • A purchase

  • A refinance loan

You'll appreciate that Embrace provides one single, dedicated loan officer to present all of the options to you, gather the necessary information, and guide you through the entire loan approval process. The reassurance of having one point of contact while securing a loan is very valuable to first-time buyers and those who aren’t sure about their preferred option. Embrace’s fast loan approval process makes it ideal for anyone who needs to arrange home financing fast.

Loan Features

Embrace Home Loans is a direct lending platform, which means that it can streamline the entire loan process. The online application process is fast and easy – you can get pre-approved on the same day you apply and the entire loan can be wrapped up and closed in as little as 3 weeks. Although Embrace doesn’t offer Jumbo or USDA loans, most borrowers will find plenty of choice between:

  • Variable and fixed rate conventional loans

  • Low down payment VA and FHA loans

  • Refinancing loans that include FHA, HARP 2, and VA loans

Once you’ve set up your loan with Embrace you can make payments through the online portal.

  • No upfront application fee

  • Variable or fixed rate loans

  • FHA and VA loans available

  • Easy application process

  • Fast loan processing times

  • Online payments available

The Application Process

Embrace’s fast application process begins online and can be completed either in person in one of their branches or over the phone. The initial online application form just asks for :

  • Personal information

  • Loan type

  • Preferred loan term

After sending these details, an Embrace representative will get in touch to ask for more information and process your loan request. Pre-qualification can take as little as a few hours and the entire loan can be completed within 21 days. Although Embrace has many branches, they are all in only 18 states, concentrated in the South and New England, which is difficult if you prefer face to face contact with your loan officer and live in a different state. Embrace also does not serve borrowers in Montana, Alaska, Hawaii, Vermont, Nevada, and Wyoming.

Pros and Cons

Embrace’s biggest pro is the exceptional service that borrowers receive during their application process. You’ll be assigned a loan officer when you begin your application who will be your single point of contact to guide you all the way until the completion of your loan.

You can even choose which loan officer you want to work with by browsing and searching the list. There are no upfront application fees – you’ll only be charged once you decide to go ahead with the loan. Loan approval times are fast and you can choose between conventional, VA, and FHA loans or HARP 2 refinancing loans.

On the other hand, there’s no transparent information about loan rates and terms on the website. If you want to know your options you have no choice but to make a phone call or send in an application. There’s also very little explanation about what fees Embrace does charge – you’ll have to ask about those individually as well. While Embrace’s phone and email support is good, it would be useful to have a live chat option especially since there is this lack of information on the website.

Embrace’s choice of loans doesn’t include USDA or Jumbo loans so borrowers who need those options have to look elsewhere.

Loan Terms – The Bare Basics

Embrace offers traditional fixed rate loans with terms of up to 40 years and variable-rate ARM mortgages. Borrowers with a low down payment of under 20% and who find it hard to qualify for a conventional loan can get an FHA loan through Embrace, which requires a down payment of as little as 3.5%. Active and former military men and women can access VA loans, too. For refinancing, Embrace offers HARP 2 loans at historically low interest rates.

It’s not clear what you need to be eligible for a home purchase or refinance loan through Embrace, but your credit score, monthly personal or household budget, and the size of your down payment or the amount of equity in your home all play a part. Embrace doesn’t have any minimum credit score requirement and through the HARP 2 it will offer refinancing packages even to homeowners who owe more than their home is worth.

When you apply for a loan through Embrace you’ll probably be asked for:

  • Credit score

  • Personal or household budget

  • Proof of employment

  • Proof of income

  • Resident status

  • Past tax documents

  • Financial account information

Repayment Terms

As previously stated, finding exact repayment terms and APR rates from Embrace is almost impossible without completing an application. They do offer terms of:

  • 15 years

  • 20 years

  • 30 years

  • 40 years

In a drop-down list on the application form and variable-rate ARM mortgages are offered for the standard 5 years, but there’s no clue as to the standard APR rates. For that you’ll have to apply with the quick and easy process and no application fees so serious borrowers won’t face any trouble getting a personalized quote to compare with other options.

Help & Support

Embrace’s customer support through a dedicated loan officer is its biggest strength. Being able to turn to a single person who is fully familiar with your situation throughout the loan approval process is a big help.

Embrace has branches in only 18 states which means you may have difficulty getting face to face contact, but is easily available for telephone support 6 days a week and via email through the online webform. While it would be helpful if Embrace added live chat to its customer support methods, Embrace also has a lot of helpful educational resources including mortgage calculators and information on choosing the right mortgage type, as well as an extensive FAQ section.


Overall, Embrace is ideal for anyone who wants a personalized home loan service that holds your hand throughout the process. Most borrowers looking to buy or refinance a home will be able to find a loan option that suits their needs, thanks to the range of conventional fixed rate, variable rate, FHA, VA, and HARP 2 loans on offer. Embrace provides a quick and easy borrowing experience with a single dedicated loan officer for better service.

Physical Address

25 Enterprise Center

Middletown, RI 02842

AboutEmbrace Home Loans
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