About lender
Just Funded Mortgage is an Equal Housing Lender that operates under a Home Mortgage Alliance Corporation (HMAC) umbrella. It is a lender accredited by the Better Business Bureau. Its principal mission is to provide consumers with mortgage products, pricing, and programs that are as competitive as possible.
Just Funded Mortgage is a firm established in 2016, and its headquarters can be found in Orange, California. It offers loan products for home purchases, and mortgage refinances in 44 states. The company wants to expand nationwide soon.
It provides a selection of house loans, each of which can be tailored to your particular financial circumstances. You can get assistance from Just Funded Mortgage in developing a mortgage strategy tailored to your current way of life and your future objectives.
Pros and cons
Pros
- A variety of different lending choices
- A quick application process you can complete through the internet
- Assistance in developing a mortgage strategy is tailored to your current way of life and your objectives for the future
- Programs and prices comparable to those offered by competitors.
Cons
- You will need to talk to a loan officer to find out what the next step is in the application process.
- The interest rate is undeniably high.Their service is not available in all locations.
Terms and conditions
Conventional loans, FHA loans, VA loans, USDA loans, Jumbo loans, Non-QM loans, HELOCS loans, Adjustable Rate Home Equity Line of Credit, and reverse mortgages are all available with Just Funded Mortgage.
- Conventional Fannie Mae. For this loan, a FICO credit score of 620 or above is required by Just Funded Mortgage. Fannie Mae owns them, and they're ready to sell. They're well-rounded, both in terms of quality and quantity.
- Conventional Freddie Mac. Customers can purchase a property using this sort of financing, which Freddie Mac offers. They offer rate and term refinance and have both a standard and high balance.
- VA Mortgage. Customers must have a FICO credit score of at least 500 to qualify for this loan. You can cash out up to 100% of the LTV with AUS-approved loans. A foreclosure should take less than two years.
- FHA Mortgage. This type of loan requires a FICO credit score of 500 AUS to be accepted. Just Funded Mortgage takes Non-Credit Qualifying Streamline Refinance plans with cash out of 80% LTV. It is possible to use gift monies to pay down payment and closing costs.
- HELOC and HELOAN, and ITIN Prime. An AUS-approved borrower must have a FICO credit score of 620. It has an LTV of up to 97.5% and a DTI of 50%. A fixed-rate, fully amortizing loan with a 30-year term is available from Just Funded Mortgage as both a piggyback and solo transaction.
Funding a loan
You can finish their online application within the same working day, and they will quickly let you know what the following steps are to take after that. When you work with Just Funded Mortgage, you can expect your closing to occur on average in fewer than 21 days. You can reach them Monday through Friday between nine in the morning and seven in the evening. They will not be accessible on the weekends (Saturday and Sunday).