Credible Review

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Overview

Credible.com’s mortgage marketplace builds on the success of the company's marketplaces for student loans, student loan refinancing, and personal loans, which have facilitated more than $1.6 billion in loans. Credible’s integrations with lenders and credit bureaus make it a snap to view offers across multiple lenders without impacting your credit score, and you don’t have to worry that your personal information will be shared with any lender other than the one you choose to work with. Once you see an option you like, Credible’s streamlined process and licensed loan officers provide a seamless experience. 

Suitable for? 

Credible is a good choice for consumers who want peace of mind coupled with the ease of a digital application process. 

Credible brought its marketplace model to mortgage lending because consumers often get personalized prequalified rates from only one lender and end up paying too much. Unlike rate comparison sites that often provide ballpark estimates, Credible never sells your data for marketing purposes.

Loan Features 

Credible is a licensed, technology-enabled mortgage broker. Credible currently works with. Credible’s partner lenders offer a wide range of products, from conforming fixed-rate and adjustable-rate mortgage (ARM) loans to jumbo loans. 

Credible Highlights:

• Multiple lenders in 3 minutes
• No impact on credit score 
• Personal information is never sold
• Licensed loan officers available for those who need additional support

The Application Process 

It takes about 3 minutes to fill out Credible’s application form. Eligible borrowers can access a dashboard with multiple lenders to choose from, thanks to Credible’s integrations with lenders and credit bureaus. 

Loan Terms—The Bare Basics 

As a marketplace working with several lenders, Credible provides access to a wide variety of loans and loan terms. Terms are not set by Credible, but by the lenders who compete through its marketplace. 

Repayment Terms 

The lenders competing for your business through the Credible mortgage marketplace offer a wide range of repayment terms. Conforming fixed-rate mortgages with 10-, 15-, 20-, 25- and 30-year terms are available, as are 3/1, 5/1, 7/1 and 10/1 ARM loans. Jumbo loans with 15- and 30-year terms are also popular, and 5/1, 7/1 and 10/1 jumbo ARMs are available to qualified borrowers. 

Help & Support 

As a licensed mortgage broker, Credible’s loan officers are available to assist borrowers shopping for a mortgage by phone, email and online chat. You can also call Credible’s customer support line, or reach the company’s client success team by email. 

Summary 

The Credible.com mortgage marketplace provides actual offers from multiple lenders and a streamlined digital process from shopping to application.

Although there aren’t as many lenders in the Credible marketplace as on some rate comparison sites, the ability to search for home loans without exposing yourself to a barrage of marketing is very appealing.

Physical Address

Credible Operations, Inc. NMLS ID# 1681276

318 Blackwell Street Ste 120A

Durham, NC 27701

Disclaimers

*Credible Operations, Inc. NMLS# 1681276, “Credible.” Not available in all states. www.nmlsconsumeraccess.org.

This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.

320 Blackwell Street Suite200 Durham, NC 27701

Credible Operations, Inc. NMLS# 1681276, “Credible.” Not available in all states. 

Prequalified rates are based on the information you provide and a soft credit inquiry. Receiving prequalified rates does not guarantee that the Lender will extend you an offer of credit. You are not yet approved for a loan or a specific rate. All credit decisions, including loan approval, if any, are determined by Lenders, in their sole discretion. Rates and terms are subject to change without notice. Rates from Lenders may differ from prequalified rates due to factors which may include, but are not limited to: (i) changes in your personal credit circumstances; (ii) additional information in your hard credit pull and/or additional information you provide (or are unable to provide) to the Lender during the underwriting process; and/or (iii) changes in APRs (e.g., an increase in the rate index between the time of prequalification and the time of application or loan closing. (Or, if the loan option is a variable rate loan, then the interest rate index used to set the APR is subject to increases or decreases at any time). Lenders reserve the right to change or withdraw the prequalified rates at any time.

Requesting prequalified rates on Credible is free and doesn't affect your credit score. However, applying for or closing a loan will involve a hard credit pull that impacts your credit score and closing a loan will result in costs to you.

We accept advertising compensation from companies that appear on this site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company lists on this page DO NOT imply endorsement. We do not feature all providers on the market.

We receive compensation from the companies below if you [click on a link/purchase a product]. Amount of compensation [does/does not] impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.