McGlone Mortgage Review

ByBestmoney StaffJul.15, 2021
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In a Nutshell

McGlone Mortgage Group is an independent mortgage lender headquartered in Appleton, Wisconsin. It is licensed to originate conventional and government-backed loans in 22 states. It has licensed mortgage agents spread throughout the country who can help with your borrowing needs. McGlone Mortgage Group operates according to new and traditional methods, taking applications online and over the phone.


  • Independent lender
  • Excellent customer service
  • Offers 203k loans


  • Only available in 22 states
  • Doesn’t advertise rates

McGlone Mortgage Group at a Glance

Loan typesPurchase, Refinance
Featured loans
Conventional, Jumbo, FHA, VA, USDA, Renovation
Repayment terms
Up to 30 years
Suitable for
Getting personal attention from a professional mortgage agent


McGlone Mortgage Group offers a range of mortgage and refinancing options, including conventional mortgages, jumbo loans, FHA and VA loans, cash-out refinancing, and 203k home renovation loans. It promises to use advanced technology to guide borrowers to the most suitable loan product and complete the loan approval as quickly as possible. McGlone stands out for its professional customer service, which includes assigning a dedicated loan agent to each applicant.

Suitable For?

This lender is suitable for anyone looking to get special attention from a dedicated mortgage agent. McGlone Mortgage Group has 19 licensed loan agents, all of who boast years of experience in the mortgage lending industry. With McGlone, you don’t just apply for a loan and wait for an answer. You actually get access to a real person who can guide you through your loan options and help you get approved.

Types of Loans/Products

As mentioned, McGlone Mortgage Group offers a solid range of loan products, including purchase and refinance options, fixed and variable rates, and conventional and government-backed loans. Unfortunately, McGlone doesn’t provide a great deal of information about features on its website. We recommend speaking to a McGlone licensed agent for assistance with finding the most suitable loan for your needs and circumstances.

Here are the loan types:

  • Conventional Mortgage. The most common type of home loan, requiring 20% down payment and allowing for the purchase or refinance up to a limit. 
  • Jumbo Loan. For borrowers planning to purchase above the conventional mortgage limit.
  • VA Loan. Government-backed loan for qualifying service-people and veterans, with no down payment required.
  • USDA Home Loan. Government-backed loan for people in rural and semi-urban areas, with no down payment required.
  • 203k Loan. Special loan that can be used to renovate your home.

The Application Process

McGlone accepts both online and phone applications. To get started with an online application, head to the McGlone home page, select Purchase, Refinance, or Cash-out, and then fill in the online form. The initial application form takes only a few minutes to complete. It contains all the usual questions, like what type of property you are purchasing or refinancing, the estimated purchase price, and how much you plan to pay down.

The great thing about the McGlone application process is that you can ask to speak to a licensed agent at any time. When you fill out an online application, you’ll see a phone number at the top of the screen that you can call to speak to your assigned agent. There’s also a contact form on the McGlone site that lets you skip the online process altogether and have an agent contact you within 24 hours. The agent will talk you through your options and help guide you through the formal part of the application process.

Key Figures: APRs, Loan Amounts & Repayment Terms

One of the downsides about the McGlone website is that nowhere are rates, fees, or terms advertised. With that said, many borrowers have written online reviews claiming that McGlone offers superior rates to other lenders.

Help & Support

McGlone Mortgage Group is all about customer service. It has 19 licensed agents spread throughout the United States who can help you with your mortgage application. To contact McGlone and speak to an agent, call 877-943-3256 during business hours.


There aren’t too many non-bank mortgage lenders that offer dedicated customer service across multiple states, so it’s nice to know you can count on McGlone Mortgage Group. McGlone operates in 22 states, offering a combination of streamlined online application and dedicated telephone support when you need it. If you need one-on-one guidance with your mortgage, then McGlone can certainly help.


Who owns McGlone Mortgage Group? McGlone was founded in Wisconsin in 1999 as an independent mortgage lender. It was acquired by Homestead Funding Corp, a licensed mortgage banker in New York, in 2015, but still operates as an independent business division.

Which states does McGlone operate? McGlone offers mortgages to residents of 22 states plus DC. The states are: AL, CA, CT, CO, DE, FL, KY, IL, IN, MA, MD, MI, MN, NH, NJ, NC, PA, RI, SC, TN, VA, WI.

Does McGlone offer home equity loans? No, but it does offer cash-out refinancing, a similar product that lets you refinance with better terms and cash out the difference between your mortgage balance and the home’s value.

What types of 203k renovation loans does McGlone offer? McGlone specializes in various types of renovation loans, including FHA 203k Renovation, FHA 203k Streamline, and FHA 203(h) Loan for Disaster Victims. It also offers an Energy Efficient Mortgage product that includes the cost-adding energy-efficient improvements in the loan.

Physical Address

McGlone Mortgage Group

3701 E. Evergreen Drive, Suite 700

Appleton, WI 54913
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