Is Stearns Lending a good company?

Stearns Lending earns 3 of 5 stars on this factor. A lender’s offered mortgage rates compared with the best available on comparable loans. Stearns Lending earns 3 of 5 stars on this factor.

Is Stearns Lending a broker?

Stearns Wholesale Lending is celebrating its 30th year supporting the mortgage broker. At Stearns, relationships always come first. You are never just a number.

What is Stearn lending?

Stearns Lending, LLC is an American wholesale, retail and correspondent lender. Stearns is one of the largest mortgage lenders in the US As of 2013, Stearns was the fifth-largest privately held lender nationwide. Glenn Stearns founded the company in 1989.

Who are the lenders for Stearns mortgage company?

Founded in 1989, Stearns Lending is a national wholesale and retail mortgage lender. The company offers home loan products directly to consumers at its retail branches, through approved mortgage brokers or through correspondent partnerships with mortgage banks that underwrite Stearns’ loans.

What’s the interest rate on a Stearns loan?

Interest rates aren’t posted online. Stearns Lending offers conventional loans with as little as 3% down. Offers conventional and government-backed loans with low-down-payment options, including FHA 203k renovation loans.

How tall do you have to be to get a Stearns loan?

Stearns Lending offers mortgages in 49 states and the District of Columbia. New York is the only state the company doesn’t operate in. Borrowers must have a credit score of 580 or above for a Stearns Lending FHA mortgage. Stearns doesn’t advertise on its website whether it offers manual underwriting for borrowers with special circumstances.

How long does it take to get a Stearns loan?

Stearns Lending offers a digital home application process. Customers can use Stearns Digital to complete a loan application on a desktop, mobile device or through the lender’s app. Disclosure process. Lenders must provide a loan estimate within three business days of receiving an application.