SurePoint Mortgage is an online-based lender who, unlike a majority of online lenders, have their own capital backings which allows for quick and efficient mortgage processing. SurePoint Lending also has a wide range of competitive mortgage rates across different types of home loans.
One thing I also like is that SurePoint works with people that have less than perfect credit. In addition to that, they also have a first-time home buyers program as well as an FHA program. It’s not one size fits all with SurePoint, they’ll find a mortgage suitable to your needs with the lowest possible interest rates attached.
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For starters, finding the site directing me to SurePoint Lending was quite the headache. Google kept directing me to Lending Tree. I connected the dots and realized that SurePoint Lending was acquired by Lending Tree. We’ve done an extensive review on Lending Tree’s Services in the past and they allow you to more easily compare rates across a board of reputable lending agencies that offer reputably competitive rates. Surely, SurePoint lending could prove to be a great option with visibly competitive lower rates, lesser fees, and faster turnaround times.
SurePoint Mortgage Summary:
- Account Type: Conventional, jumbo, FHA loans
- Availability: Licensed in 45/50 states
- Expiration Date: None
- Additional Advise: Have the necessary documents and validation information ready to make your process as smooth as possible.
- Closing Loan: Standard lock period is less than 30 days
SurePoint Mortgage Basic Requirements:
What do lenders look at:
- Credit Score
- Household income
- Job History
- Cash Reserve
- Down Payment amount
Below are examples of supporting documents which may be included in a loan file:
Income Documents:
- Pay Stubs covering the customer’s most recent two pay periods for each applicant.
- W-2 Forms for the previous two years.
- Two most recent years’ federal tax returns (e.g. for a loan in 2015, the customer need to submit the customer’s 2014 and 2013 federal tax returns). All the pages and all schedules.
- If the customer is self-employed, the two most recent years’ business tax returns are also needed.
- For self–employed or investment income, the two most recent years’ 1099’s and K-1 forms are also needed
- For self–employed business income,year-to-date profit and loss statement and balance sheet.
- For retired customers, copy of Social Security and/or Pension “award letters” detailing the amount of retirement income.
Asset Documents:
- Two most recent months’ bank statements. All of the pages.
Other Documents:
- Homeowner’s Insurance statement(s) for all properties owned showing the customer’s coverage and the annual premium.
- Mortgage statements for all properties owned that have liens.
- Copy of driver’s license or State I.D.card for all customers.
- If divorced, the customer’s fully executed divorce decree.
Conclusion:
SurePoint Lending was acquired by LendingTree.com in 2010. SurePoint Lending offers you competitive interest rates, transparency, lesser fees and faster mortgage processing capabilities; all-in-one. If you’re a first-time home buyer, I recommend taking a look into their First-Time Home Buyers program. They also have an FHA program for those of you with less than perfect credit scores looking for an affordable loan. If you’re not interested, be sure to check out our Best Mortgage Rates!