Hamilton Residence Loans says it desires to offer prospects with a “refreshingly easy” mortgage expertise, an angle many trendy lenders are touting.
On the identical time, they aren’t forgoing trusted steerage and the nonetheless very related human contact many debtors need.
Collectively, their goal is to ship world-class service to their clientele, a purpose that appears to have been met primarily based on their 1000’s of fantastic buyer opinions.
What makes them distinctive is their Buyer for Life Program, which waives lender charges for repeat prospects.
Additionally they don’t cost charges for neighborhood heroes equivalent to police, firefighters, nurses, and the navy. Learn on to be taught extra about them.
Hamilton Residence Loans Quick Details
- Unbiased mortgage banker that provides buy and refinance loans
- Based in 2003, headquartered in Dawn, Florida
- At present licensed to do enterprise in 28 states and D.C.
- Has greater than 500 workers and 44 department places nationwide
- Buyer for Life program waives lender charges for repeat prospects
- Funded roughly $2 billion in dwelling loans final 12 months
Hamilton Residence Loans is an impartial mortgage banker that provides dwelling buy loans and mortgage refinances to current householders.
They bought their begin again in 2003, and have since grown right into a multi-state mortgage originator with 44 department places and greater than 500 workers.
Final 12 months, the corporate funded about $2 billion in dwelling loans, with a near-equal break up of buy loans and refinances.
They’re most lively of their dwelling state of Florida, which accounted for 70% of total mortgage quantity.
A lot of the rest got here from the state of Texas, with Nevada and North Carolina additionally main states for the corporate.
In the intervening time, they’re licensed to do enterprise in 28 states together with the District of Columbia.
These states embrace Alabama, California, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Wisconsin.
Methods to Apply with Hamilton Residence Loans
You may apply for a mortgage over the telephone, on-line, or in individual. Most prospects will seemingly start at their web site.
From there, you’ll be prompted to discover a mortgage advisor utilizing their on-line search engine.
It’s attainable to look by identify, state, or zip code to discover a department or particular person mortgage advisor close to you.
Other than discovering contact data, you’ll be capable of click on “Apply On-line” from an advisor’s webpage to start a proper utility by yourself from any system.
Their digital course of means that you can securely scan and add paperwork, eSign disclosures, message your mortgage officer immediately, and obtain updates as you go.
They provide an app as properly in case you want to full duties out of your smartphone.
One good factor about Hamilton Residence Loans is their in-house operations workforce that features processing, underwriting, closing, and funding below one roof.
This could make it simple to shut your house mortgage on time with out pointless delays.
Those that want to purchase a house can make the most of their “Nearly Residence” program, which gives a full dedication letter earlier than you discover a property.
This goes above and past the standard pre-qualification or pre-approval letter different lenders might supply, and requires no utility price.
You may get one for any main mortgage sort, together with standard, FHA, and VA, and it’s even good for brand new development financing.
Mortgage Applications Supplied by Hamilton Residence Loans
- Residence buy loans
- Residence renovation loans
- New development loans
- Refinance loans: charge/time period, money out, streamline
- Conforming loans backed by Fannie and Freddie
- Jumbo dwelling loans
- Tremendous jumbo loans
- FHA loans
- VA loans
- USDA loans
- Reverse mortgages
- Down Cost Help packages
Hamilton Residence Loans gives an in depth menu of mortgage packages that ought to swimsuit the wants of nearly anybody.
This consists of dwelling buy loans, renovation loans, refinance loans, and development loans.
Additionally they supply down cost help packages, and lend on all main property varieties, together with condos, funding properties, and trip houses.
One perk to utilizing Hamilton Residence Loans a second time is that they waive lender charges for repeat prospects.
Generally known as their “Buyer for Life” program, in case you shut a mortgage with them when you’ll by no means need to pay lender charges once more on future loans.
Moreover, their “Hamilton for Heroes” program waives lender charges for navy and their spouses, cops, firefighters, nurses, EMTs, doctor assistants, and lecturers.
Lastly, they originate reverse mortgages, although they aren’t out there in all states so you should definitely inquire first.
They appear to largely originate fixed-rate mortgages, however adjustable-rate mortgage choices may additionally be out there.
Hamilton Residence Loans Charges
Like many different lenders, Hamilton Residence Loans doesn’t publicize their mortgage charges on-line.
With a view to get hold of pricing, you’ll want to talk with a mortgage advisor first. The one clue we’ve got about their charges comes from their many on-line opinions, which frequently point out pricing was decrease than anticipated.
And whereas they don’t record their lender charges on-line to my data, they seem to cost $1,590 for underwriting and mortgage processing.
That is primarily based on the price waiver they supply to repeat prospects and heroes, which removes these aforementioned charges.
As all the time, put within the time to acquire a number of mortgage charge quotes to make sure you don’t miss out on a greater worth elsewhere.
And you should definitely consider rate of interest and lender charges to get the whole image.
Hamilton Residence Loans Evaluations
On Expertise.com, Hamilton Residence Loans has a stellar 4.93-star ranking out of 5 from over 20,000 buyer opinions.
Their rating is doubly-impressive given the very giant pattern measurement. Take the time to filter by mortgage officer to search out somebody who stands out from the group.
They’ve additionally bought an ideal 5.0-star ranking on Google from over 2,000 buyer opinions.
Over at Zillow, they’ve bought an equally stable 4.97-star ranking from about 700 buyer opinions.
Lastly, whereas they’re not an accredited enterprise, they maintain an ‘A+’ ranking with the Higher Enterprise Bureau (BBB) primarily based on buyer criticism historical past.
To summarize, Hamilton Residence Loans gives helpful perks for each first-time dwelling consumers (like their Nearly Residence mortgage dedication) together with no lender charges for repeat prospects.
Additionally they supply a wide selection of mortgage packages, that means they might be a good selection for dwelling consumers and current house owners.
Their buyer opinions are additionally glorious throughout all rankings web sites.
The one actual query mark is pricing, which if aggressive might make them an excellent possibility for these in want of any type of mortgage.
Hamilton Residence Loans Professionals and Cons
The Good Stuff
- Can apply for a house mortgage on-line in a matter of minutes
- Provide a digital, largely paperless mortgage utility course of
- Bodily branches are situated in a number of states as properly
- Full dedication letters for potential dwelling consumers (higher than a pre-approval)
- No lender charges for repeat prospects
- Plenty of mortgage packages to select from
- 20,000+ glorious buyer opinions
- A+ BBB ranking
- Free smartphone app
- Free mortgage calculators, how-to guides and glossary on-line
The Perhaps Not
- Don’t publicize mortgage charges and lender charges
- Solely licensed in 28 states and D.C. presently
- Might switch your mortgage servicing to a different firm after closing
(picture: Leigh/ J/M)