Capgrow Home Mortgage Review: A Detailed Analysis Of The Lender
Are you in the market for a home loan but don’t know where to start? We all know choosing a good and reputable lender can be a hard thing to do. That’s why we have made this Capgrow Home Mortgage review.
In this article, we will discuss more about Capgrow Home Mortgage LLC, what kind of services they offer, and as well are they actually a reputable and legitimate company and a broker.
This lender offers a wide range of mortgage products including fixed-rate mortgages, adjustable-rate mortgages, and jumbo loans. They also have a variety of terms to choose from including 15, 20, 25, and 30-year terms.
| Website | http://capgrowhomemortgage.com/ |
| Loan Amount | Up to 3,000,000$ |
| Loan Terms(Years) | 15, 20, 25, and 30-year terms |
| Credit Score Range | 580-670 |
| Prepayment Fee | No |
| No Origination Fee | No |
| Mortgage Programs | Conventional, FHA,VA, Jumbo, Other low/ No down payment, HELOC, Portfolio loans |
| Employment Statuses Considered | N/A |
| Intended Use | Home purchasing, refinancing, investing |
| Joint Loan Applications Accepted | N/A |
| Minimum Age | N/A |
| Property Type | Single family homes, multi-family homes, condos, townhomes, investment properties, second homes |
| Verification Documents Required | Tax returns and pay stubs |
How Much Money Can You Borrow from Capgrow Home Mortgage?
Capgrow offers a wide range of home mortgage products to suit your needs. Whether you are a first-time home buyer or looking to refinance, there is something that’s right for you.
But now comes the question of how much can you actually borrow. Well, considering they offer jumbo loans, the maximum amount you can borrow goes up to $3 million.
Capgrow Home Mortgage Pros & Cons
In case you are thinking about applying for a Capgrow Home Mortgage, it’s important to weigh the pros and cons before making a decision. One of the biggest pros Capgrow Home Mortgage offers is that they have both jumbo and government-backed loans.
But on the other side, they are not BBB accredited which can present a big problem when it comes to the world of online and face-to-face lending.
Pros:
- A wide array of loan options
- Low fee lender
- Easy to get approved
- No origination fees
- No prepayment fees
Cons:
- Not BBB accreditation
- Not available in all states
- Only a small amount of loans are originated every year
What Is the Longest Loan Term You May Obtain from Capgrow Home Mortgage?
The longest loan term you may obtain from Capgrow Home Mortgage is 30 years. This competitive rate can save you money on your monthly payments, and over the life of your loan.
A shorter-term loan will have higher monthly payments, but you will save on interest overall and may be a better option if you are looking to be debt-free faster. So if this suits you more, there are 15-year, 20 or 25- year terms.
What Mortgage Rates Do Capgrow Home Mortgage Offer?
Capgrow Home Mortgage interest rates come in a variety of percentages to meet the needs of their customers. They have a wide range of products and services to choose from, so there is something for everyone. You can choose to get a fixed-rate, adjustable rate, or interest-only mortgage payment.
Capgrow Home Mortgage has a team of experts that are ready to help you find the right mortgage solution for your individual situation. The most common interest rates they offer start from 5.86% and go up to 6.78%.
What Is the Estimated Funding Time?
While we could not find the exact funding time needed, by looking through some reviews we got the estimate which is approximately two weeks.
This is due to the company’s current processing time and the amount of time it takes for the loan to be funded. Keep in mind that this is also the average time you should wait for the funds when working with any lender.
Do They Charge Mortgage Origination Fees?
There are a lot of things to consider when taking out a home mortgage, and fees are one of them. In case you are unfamiliar, mortgage origination fees are charged by the lender in order to cover the cost of processing the loan. These fees can vary depending on the lender, but they typically range from 0.5% to 1% of the loan amount.
While some lenders may charge origination fees, Capgrow Home Mortgage does not. But remember, even if a lender doesn’t charge an origination fee, they may still have other fees that you’ll need to pay. So it’s always best to ask about all potential charges before you commit to a loan.
Does Capgrow Home Mortgage Charge Prepayment Fees?
Prepayment fees are charges that a lender imposes if you pay off all or part of your loan early. Luckily Capgrow Home Mortgage does not charge prepayment fees.
On top of that, Capgrow Home Mortgage closing costs are non-existing as well. This option makes them stand out in a very big world of online lending.
It’s because, with this option, you can avoid paying traditional closing costs like appraisal fees, title insurance, and origination fees.
What Mortgage Programs Are Available?
There are many mortgage programs available to choose from when you’re looking to finance a home. Some common programs include fixed-rate mortgages, adjustable-rate mortgages, and government-backed loans like FHA and VA loans.
Other mortgage programs Capgrow Home Mortgage offers are:
- Conventional
- Jumbo
- Other low/ No down payment
- HELOC
- Portfolio loans
It goes without saying that each type of loan has its own set of benefits and drawbacks, so it’s important to compare your options and choose the best fit for your individual needs.
What Property Usage Types Does Capgrow Home Mortgage Allow?
Capgrow Home Mortgage company claims to understand that not all homebuyers are the same. That’s why they offer a variety of loan programs to meet everyone’s unique needs. Whether you’re a first-time homebuyer, looking to downsize, or interested in investment property, they have a loan program for you!
Here are the usage types they have:
- Single-family homes
- Multi-family homes
- Condos or townhomes
They also have programs specifically for investment properties and second homes.
How Do People Rate Customer Service and User Experience?
When it comes to the user experience and reviews, some say that it is easy to use and navigate, while others find it difficult to use and full of errors. Overall, it seems that Capgrow Home Mortgage has good intentions but there is room for improvement when it comes to their customer service and user experience.
This is because many clients complain about their customer service, stating they aren’t of much help and that there is a very long waiting time for a reply. Also, there were some rumors going around of them not being a legit and good company, but luckily it was proven wrong. As of last year, their rating is 4.1.
Contacts of Capgrow Home Mortgage
Capgrow Home Mortgage has offices only in Missouri, so in case you are interested in working with them, you can check on their website what is the closest one to you. Of course, you can also reach them via their website, phone number, or email address.
In case you want to talk to a representative or a specific loan officer, you can find their contact details on the website. Just remember that their working hours are from Monday to Friday from 8:30 am to 5 pm.
You can reach a customer service representative by calling (636) 532-2446.
Availability of Capgrow Home Mortgage
Capgrow Home Mortgage is a residential mortgage broker that offers a variety of loan products to meet the needs of homebuyers and homeowners. The company is headquartered in Chesterfield, Missouri, and has been around since 2016.
They offer a wide range of fixed-rate and adjustable-rate mortgage products, as well as home mortgages, jumbo mortgages, and government-backed loans. The company also offers home equity lines of credit and personal loans.
As of 2022, they are operating across the whole state of Missouri. Overall, they have solid reviews and are popular among investors, but either way, make sure to consult with an expert before you actually put your name on the dotted line.
Capgrow Home Mortgage Summary
- Capgrow Home Mortgage is a mortgage broker based in Chesterfield, Missouri, and has been operating since 2016.
- They offer a wide variety of mortgage products both conventional and government-backed. Also, you can get some larger loans like jumbo mortgages through this company.
- One thing to note is that Capgrow Home Mortgage is not a BBB-accredited business.
- The company offers its services only to clients based in Missouri and has mostly positive reviews online.
FAQs About Loan
1. Is Capgrow Home Mortgage a direct lender?
No, Capgrow Home Mortgage is not a direct lender but is a mortgage broker.
2. Who owns Capgrow Home Mortgage?
Capgrow Home Mortgage LLC is owned and operated by Mr. Chris Stecher.
3. What credit score does Capgrow Home Mortgage use?
The credit score requirement that we found this lender has set is from 580 to about 670.
