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 compare 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.
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 rates from only one lender and end up paying too much. Unlike rate comparison sites that often provide misleading teaser rates or ballpark estimates, Credible never sells your data for marketing purposes.
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.
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.
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. However, the Credible marketplace makes it easier for you to compare loans, because of its transparency.
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.
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.
If you want the peace of mind that comes from comparing your mortgage options without the hassle, Credible is worth looking into.
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.
Credible Operations, Inc. NMLS ID# 1681276
318 Blackwell Street Ste 120A
Durham, NC 27701
*Credible Operations, Inc., NMLS #168276, not available in all states
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.
