In a Nutshell
pros
- Flexible terms
- Quick process
- Personalized loan recommendations
cons
- Newer company with less available information
- Not a direct lender
Home Analyst at a Glance
| Direct lender or marketplace? | Marketplace |
| Loan types: | Home equity, refinancing |
| Featured Loans: | Cash-out refi, HELOC, FHA, VA, Fixed-rate, Adjustable-rate |
| Repayment terms: | 10-30 years |
| Minimum Down Payment: | Varies by loan type |
| Minimum Credit Score: | Depends on the lender, typically 500 |
| Suitable for: | Getting a complete comparison of rates |
Overview
Home Loan Analyst helps you determine what type of loan works for you. They help you compare loan offers through their partners so you can find the one that works for you and purchase the home you love.
They offer access to refinancing and home equity loans, including HELOCs, cash-out refinancing, FHA, VA. You can also choose between a fixed- or adjustable-rate mortgage based on the available terms. They work with a vast network of lenders, including Wells Fargo and Quicken Loans. Depending on your desired terms and credit history, it may make more sense to work with specific lenders.
During our Home Loan Analyst review, we found that its proprietary system helps even the most novice buyers find affordable, competitive rates.
Suitable For?
Home Loan Analyst is a marketplace, which means they do not lend to you directly. Instead, they help you to compare offers from others and show you a wide range so you can make a decision that works for you. This company works for people who want a comprehensive comparison of mortgage loans from an array of providers or direct lenders. If you enjoy shopping around but want to simplify the process, Home Loan Analyst is for you.
Types of Loans/Products
Home Loan Analyst gives you personalized offers from it's partners. They also help you refinance your home, saving you money while you repay your loan. You can generally choose from several home equity loan and refinance options from 5-7-year adjustable rates to 10-30-year fixed mortgages.
You can find a full breakdown of Home Loan Analyst’s recent purchase and refinancing options below:
- Fixed-rate loans with terms up to 30 years
- Adjustable-rate loans up to 7 years
- FHA and VA loans where you pay less than 20% down
- HELOCs and home equity loans
- Cash-out refinancing that lets you retain 20% equity
- Loan amounts up to $3 million
The Process
Home Loan Analyst has a simple online process. When you input your information online, they’ll let you know what types of loans and refinancing options may be suitable for you. At the end of the process, you get products that match your personal and financial situation.
Follow these steps to get started with Home Loan Analyst:
- Complete their online questionnaire with some basic information like the type of home you’re looking for, how you intend to use property, the estimated purchase price of the home, and your credit score
- Their proprietary system automatically processes the information and shows you lenders that match your needs based on the information you gave
- Once you have an option in mind, speak with a representative to select a product that works for you
Rates and Fees– The Bare Basics
Home Loan Analyst is free for consumers to use. They don't do any lending themselves, so they only list the rates that are available in their netowrk of lenders.
However, while you may not have to pay any fees to the marketplace, direct lenders may have fees you have to cover on your own. These fees may include:
- Service fees
- Home appraisals
- Title fees
Repayment Terms
When you use Home Loan Analyst, you will likely see a variety of options to pay back your loan with terms that suit your personal situation. Your repayment terms will vary based on the type of loan you accept if you get approved.
You can generally expect your terms to be similar to these:
- Fixed rate mortgage: 10-30 years
- Adjustable rate mortgage: 5-7 years before you can adjust to a new rate based on market interest rates
- FHA and VA loans: Varies based on terms
- Home equity loan: Varies depending on set payment terms when you qualify
With the loans Home Loan Analyst finds, your terms will depend on the lender and other negotiated items. .
Help & Support
You can contact the company anytime by calling their phone number or using the contact form on their website. During our Home Loan Analyst review, we found the support team does not have an email address listed on the site.
Phone: (970) 426-0244
How This Company Compares
Home Loan Analyst prides itself on offering access to mortgage loans from its network that you’ll want to recommend to friends and family. Here is how they compare to other companies that offer similar services.
| Home Loan Analyst | Credible | Rates Marketplace | |
| Minimum Credit Score | 500 | 500-620 | 500 |
| Minimum Down Payment | Varies by loan type | Varies by loan type | Not specified |
| Fees | None | None | Not listed |
| Terms | 10-30 years, depending on loan type | 10-30 years | 15-, 20-, or 30 years |
Summary
Formed by a team of financial services professionals, Home Loan Analyst helps you to compare mortgage loans, home equity loans, and refinancing options. With a fast, online proccess and competitive APRs, they give you personalized options that work for your specific situation.
By tailoring your options and matching you with lenders that give you great rates and terms, Home Loan Analyst wants to make finding a lender more convenient with a broad array of mortgage options.
FAQ
Does Home Loan Analyst affect my credit score?
No, using Home Loan Analyst will not impact your credit score. The company itself does not do hard pulls on your credit. However, if you accept a loan offer through one of its partners, that lender will do a hard pull, which will be visible on your credit report. Home Loan Analyst does, however, conduct a soft credit pull in certain circumstances. Soft credit pulls do not impact your credit score.
Does Home Loan Analyst offer government-backed loans?
Yes, the company works with a large network, which includes providers of government-backed VA and FHA loans.
Is Home Loan Analyst biased toward specific partners?
Home Loan Analyst may recieve compensation from the firms with which it works. Because their goal is to help you get a suitable mortgage loan through their network, they focus on you as their priority.
When should I start looking at mortgage rates with Home Loan Analyst?
You do not have to be ready to buy a home to shop for mortgage rates with Home Loan Analyst. You can use their online questionnaire to understand the mortgage lending process and talk to their representatives about your options before you start looking at homes.
Physical Address
835 Main Ave
Suite 205
Durango, CO 81301
