An in-depth analysis of the lender Endeavor Capital Mortgage
In today’s world, finding the right financial institution to manage your loan needs can be a daunting task. With so many options and unknowns, it can be difficult to decide which one is best suited for you.
Endeavor Capital Mortgage is one of the many companies you can choose from in the mortgage and financial space that offers a wide range of loan products. In this Endeavor Capital Mortgage review, we will provide a comprehensive overview of their loan options and benefits to help you decide if they are the right fit for your needs.
If you’re considering applying for a mortgage with Endeavor Capital Mortgage, you’ll want to read this comprehensive guide first.
Endeavor Capital Mortgage or as of 2021, Homestead Financial Mortgage, offers a wide variety of loan options, including fixed-rate and adjustable-rate mortgages, jumbo loans, VA loans, FHA loans, and conventional loans.
|Up to $1,500,000
|10.15.20 and 30 years
|Credit Score Range
|No Origination Fee
|Conventional, Jumbo, FHA, VA, USDA, Interest-only, non-owner occupied, reverse mortgage, HELOC
|Employment Statuses Considered
|Full employment, part time employment and self employed
|Primary residence, second home, vacation homes, investing
|Joint Loan Applications Accepted
|Verification Documents Required
|Tax returns and pay stubs
How Much Money Can You Borrow from Endeavor Capital Mortgage?
Endeavor Capital Mortgage is a direct lender that offers a variety of loan products, including both residential and commercial mortgages. They have a wide range of loan amounts and terms available, making them a good option for borrowers who need flexibility in their financing.
Endeavor Capital Mortgage Pros & Cons
Endeavor Capital Mortgage LLC DBA Homestead Financial Mortgage has both pros and cons to it that you should consider before making a decision to work with them.
One of the major benefits of working with Endeavor Capital Mortgage Loan company is that they are a BBB-accredited company with a rating of A+. This is a very good sign. On the other hand, they are not HUD accredited and they haven’t disclosed their interest rates on their website. All of that can present a major problem down the road for their future clients.
- BBB Accredited
- Long time in business
- 24/7 customer support
- Variety of loan options
- Not HUD accredited
- No interest rates disclosed
- Have origination fees
What is the Longest Loan Term You May Obtain from Endeavor Capital Mortgage?
The longest loan term you may obtain from Endeavor Capital Mortgage is 30 years. This is a significantly longer loan term than what is typically offered by other mortgage lenders, which allows you to spread out your payments over a longer period of time and potentially save money on interest.
In addition, if you should experience financial difficulties during the life of your loan, you may be able to qualify for a forbearance or modification, which could provide some relief.
What Mortgage Rates Do Endeavor Capital Mortgage Offer?
When it comes to the Endeavor Capital Mortgage or Homestead Financial Mortgage, there are no interest rates disclosed anywhere on their website. This is not a good sign, because it means that they are not transparent with their potential clients.
On top of that, we did find that Endeavor Capital Mortgage’s closing costs are average which is a good sign. But overall, we do suggest you find a lender that is transparent with their services.
What is the Estimated Funding Time?
According to Endeavor Capital, the estimated funding time for a loan is about 10-15 days. This timeframe may be shorter or longer depending on the specific loan program and the lender’s processing time.
Overall, funding time could be faster in comparison to other online lenders that offer the same services as them.
Do They Charge Mortgage Origination Fees?
When you first begin looking for a home loan, you may be surprised at all of the fees associated with taking out a mortgage. One of these fees is the mortgage origination fee, which is charged by the lender for processing your loan application.
This fee can range from 0.5% to 1% of the total loan amount and is typically paid at closing. In the case of Endeavor Capital Mortgage, we are unsure what their origination fee is.
Does Endeavor Capital Mortgage Charge Prepayment Fees?
In the case of Endeavor Capital Mortgage, there are no prepayment fees associated with any of their loans. This is a very good sign for many clients since it allows them to repay their loan before the end of their loan term.
Either way, we do encourage you to speak with your loan officer regarding this so you can avoid any unpleasant surprises down the road.
What Mortgage Programs Are Available?
There are numerous mortgage programs available through Endeavor Capital Mortgage. Some of the most popular include:
- Non-owner occupied
- Reverse mortgage
As you can see, this is a good variety for most of the borrowers looking to either purchase a house, invest their money or refinance their loan.
What Property Usage Types Does Endeavor Capital Mortgage Allow?
With a wide offer of loan products, Endeavor Capital Mortgage offers these property usage types:
- Single-family homes,
- Multi-family homes,
- Vacation homes
- Investment Properties
Each type of property you can purchase has different benefits and drawbacks, so it’s important to consult with a mortgage specialist to determine which option is best for your needs.
How Do People Rate the Customer Service and User Experience?
Endeavor Capital Mortgage is a mortgage banker that offers a wide range of loan products, including FHA and VA loans. The company has an A+ rating with the Better Business Bureau (BBB) and is accredited by the National Association of Mortgage Brokers (NAMB).
Endeavor Capital Mortgage offers excellent customer service and a user-friendly experience. Loan officers are available to answer questions by phone or email. Overall, their customer reviews are very good, with a customer rating of 4.85.
With this said, it’s safe to say that customer satisfaction is met and they are constantly working to improve their services. Either way, if you are looking for more reliable and good lenders in your area, feel free to reach us. We are more than happy to assist you in finding the perfect lender that suits your needs.
Contacts of Endeavor Capital Mortgage
This mortgage banker is headquartered in Chesterfield, Mississippi, but operates in many other states. They claim to have a team of experienced loan officers who are available to answer questions and help borrowers find the best loan for their situation.
The best way to contact Endeavor Capital Mortgage is by phone. Here is the number: 636-271-4663. They also have an online assistant on their website and claim that their customer support works 24/7.
Lastly, we should mention that every branch has its own contact information listed on the Endeavor Capital Mortgage website, so check it out if you want to contact a specific office.
Availability of Endeavor Capital Mortgage
In case you’re interested in getting a loan from Endeavor Capital Mortgage, you may be wondering about their availability. Well, the good news is that they are available in 6 states across the US. Here is a list of states:
And they have multiple offices in mentioned states. Another benefit of working with Endeavor Capital Mortgage is that they offer free pre-approval. This means that you can get an idea of how much you’ll be able to borrow before starting the formal application process. This can save you time and hassle down the road.
Endeavor Capital Mortgage Summary
- Endeavor Capital Mortgage LLC has been rebranded to Homestead Financial Mortgage.
- The company has been in business since 1998 and offers a wide variety of both conventional and government-backed mortgages.
- Endeavor Capital Mortgage has a BBB accreditation and a rating of A+
- They operate in 6 different states across the U.S.
- Their customer support works 24/7.
FAQs About Loan Company
1. What is Endeavor Capital Mortgage’s official website?
Here we will provide you with their official website: https://www.homesteadfinancial.com/
2. How many employees are working in Endeavor Capital Mortgage?
It’s very hard to answer this question correctly since they have many branches all over the US.
3. Is Endeavor Capital Mortgage a good lender?
The company has BBB accreditation with an A+ rating so it can be considered a good lender.