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loanDepot review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

loanDepot is a US mortgage lender aimed at people buying or remortgaging a home in that market. Its fixed rate of 5.375% sits above the site median of 4.69%, so it suits borrowers who want the rate held for 30 and a product fee of $0 rather than the cheapest headline rate.

Key facts

Best for
US buyers and remortgagers who want a long fixed period and no product fee.
Initial rate
5.375%↗
APRC
5.443%↗
Fixed period
30 years↗
Maximum loan to value
80%↗
Product fee
$0↗
Purpose
Purchase, Remortgage, First-time-buyer, Home-equity↗
Legal entity
loanDepot.com, LLC↗
Headquarters
United States↗
Founded
2010↗
Support channels
Phone, Email, Help-centre↗
Official website
loandepot.com

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataWikipediaXLinkedInnmlsconsumeraccess.org

Pros and cons

Pros

  • The product fee is $0, so there is no charge for taking the mortgage out.
  • The rate is fixed for 30, ranking 3 of 273 brands on the site.
  • It covers purchase, remortgage and first time buyer lending, so buyers, first-time buyers and remortgagers can all apply.
  • Support runs on phone, email and help centre, so phone and email are both open.

Cons

  • The initial rate of 5.375% is above the site median of 4.69%, so the headline cost is uncompetitive.
  • Lending stops at a maximum loan to value of 80%, below the site median of 90%.
  • The business sits in the US, which narrows it to US property rather than the UK or European markets.
loanDepot

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Scored 8.9 / 10 by SumCue.

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Who it suits

  • People buying a home in the US who want the rate held for 30.
  • Remortgagers looking to keep upfront costs down, since the product fee is $0.
  • First-time buyers, who are one of the purchase, remortgage and first time buyer purposes it lends for.

Who should look elsewhere

  • Prestalo, which lists an initial rate of 2.36%.
  • Creditilia ES, which shows an initial rate of 4%.
  • Sofkredit, whose initial rate runs 8% to 14% as a wider band.

The company behind it

loanDepot was founded in 2010 and is based in the US, so its mortgages are written for that market rather than for UK or European property. It is listed with the NMLS under ID 174457, the register used to check that a lender is authorised. Support runs on phone, email and help centre, so you can go through phone, email or the help centre.

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 does a loanDepot mortgage cost?+

The fixed rate is 5.375% and the representative APRC is 5.443%, held for 30. The product fee is $0, and the rate sits above the site median of 4.69%. Borrowers who want a cheaper headline rate may find one further into the market.

Is loanDepot regulated?+

loanDepot is listed in the NMLS register under ID 174457, the US register used to check that a mortgage lender is authorised. The business is based in the US. Looking the number up on that register is a sensible step before you apply.

Can I get a mortgage for a first-time purchase?+

Yes, purchase, remortgage and first time buyer lists first-time buyer lending alongside purchase, remortgage and home equity borrowing. Maximum loan to value is 80%, which is below the site median of 90%. If you need a higher ratio, raise it with the lender early so you know where you stand.

Is loanDepot available to UK borrowers?+

Not for UK property: the lender is based in the US and the mortgages listed sit on its US lending. If you are weighing options here, a broker or a local lender is the route to a deal that fits a UK or European budget.

How long is the rate fixed for?+

The rate is fixed for 30, against a site median fixed period of 10. loanDepot ranks 3 of 273 on that measure, so the length of the fix is the clearest thing it brings.

How do I get hold of loanDepot?+

Support runs on phone, email and help centre, so you can go through phone or email, or work through the help centre at your own pace. Phone suits questions about an application already in progress, while the help centre is there for detail you would rather read.

How does the rate compare with other lenders?+

Sofkredit's initial rate is a band, 8% to 14%, Creditilia ES shows 4% and Prestalo 2.36%. Set those beside the 5.375% listed here. On loanDepot the trade-off is the 30 fixed period and the $0 product fee.

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 buyers and remortgagers who want a long fixed period and no product fee.

8.9/10See alternatives