If you’d like to compare mortgage deals from multiple lenders, Simplist can provide you with great purchase and refinance offers from its panel of lenders. In order to qualify, you’ll typically need a credit score of 620 or higher and have a minimum down payment of at least 3%.
With its focus on online applications, Simplist could be especially suitable for borrowers who prefer to take a digital approach to managing their finances. The company could also be an appropriate choice for those who have served in the military or have a less-than-perfect credit score, thanks to its specialist VA loans and federally backed FHA loans.
Simplist works with its mortgage partners to provide both purchase and refinance loans. Mortgage types include fixed-rate deals, adjustable-rate loans, investment mortgages, VA loans, and FHA loans. Borrowers can also apply for specialist loans if they are looking to construct a property. Main loan features include:
You can't, however, use the service to apply for commercial loans, or home equity lines of credit (HELOCs).
You should also note that the company offers mortgages in the following states:
Simplist’s online application process can be completed in as little as 10 minutes. The first step is to select whether you are purchasing or refinancing a home. You’ll then need to enter information about the property and the amount you need to borrow. Simplist will then use this data to match you with the most competitive deals available from its partners.
Simplist’s partners offer deals with 10-, 15-, 20-, 25-, and 30-year terms. The interest rate you pay will depend on factors such as your credit history and the type of property you are seeking to finance. If you’d like an indication of the rate you are likely to pay, the website provides a list of available deals and their APRs, which is updated daily.
After you complete your application, Simplist will assign you a loan officer who will contact you directly to help you complete the process. If your query is more general, you can enter your details into Simplist’s online query form and schedule a call with one of its loan officers at a time that is convenient for you.
With access to more than 50,000 mortgage offers, Simplist enables borrowers to compare a wide range of products without having to spend hours calling a string of lenders. Although Simplist is currently available in a limited number of states, those who do qualify will benefit from 1-to-1 support throughout the application process.
Yes, as long as you provide accurate information in your application, you should receive the same rate you were quoted.
Yes, the lender has options for foreign nationals.
Yes. Simplist does not charge application or processing fees.
No, Simplist will not service your loan. During the application process, you can choose which lender will service your loan.
500 7th Ave, 8th Floor, New York, NY, 10018
This review was compiled using the information on the company’s website and by contacting its customer service team via social media.