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Draper & Kramer Mortgage Corp. is the residential mortgage division of Draper and Kramer, with over 125 years of experience in the real estate industry. The company offers a wide selection of home loan options, including a Lender Paid Mortgage Insurance (LPMI) program that doesn’t require PMI on your mortgage, even if your down payment is less than 20%.
Conventional: 620
Minimum credit score
3%
Minimum down payment (Conventional)
Not available in: HI, UT
State availability
Loan products offered | Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Reverse, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment (Conventional) | 3% |
State availability | Not available in: HI, UT |
NMLS # | 2551 |
Review by
Kat Aoki is a personal finance writer at Finder, specializing in consumer and business lending. She’s written thousands of articles to help consumers make better decisions on their home loans, bank accounts, credit cards, cryptocurrency and more. Kat is well versed in working with leading brands in the real estate, mortgage and personal finance industries, and her expertise has been featured on Forbes Advisor, Lifewire and financial comparison sites like iSelect and realestate.com.au. She holds a BS in business administration from California State University, Sacramento and enjoys hiking and yoga in her spare time.
If you’re looking for a highly-rated, established lender that offers an online application and mobile app, Draper & Kramer Mortgage Corp. could be a good choice. If you’d like to apply, either call the company or start an online application. Because Draper & Kramer doesn’t advertise its current rates online, you may want to call and get prequalified first before doing a full application.
Draper & Kramer Mortgage Corp is not currently available on Finder
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To find out if you meet the requirements for a Draper & Kramer Mortgage Corp. mortgage, call the company or apply online.
Basic eligibility for a loan with Draper & Kramer Mortgage Corp. includes:
While everyone’s situation is different, here’s the basic documentation you’ll need to apply for a mortgage from Draper & Kramer Mortgage Corp.
If you’re self-employed, you’ll also need:
We contacted Draper & Kramer Mortgage Corp. to request fee information but received no response. However, you can expect to pay around 2% to 5% of your home’s total price in fees, including application, origination and third-party fees.
To apply for a mortgage with Draper & Kramer Mortgage Corp., either call the company or start an online application.
Here’s how to start an application on the website.
After completing the application, a loan officer will contact you.
Draper & Kramer Mortgage Corp. also offers these specialized types of mortgages:
Compared to other lenders, Draper & Kramer Mortgage Corp. offers more types of loans than average, including reverse mortgages and HELOCs. What differentiates Draper & Kramer Mortgage Corp. from other lenders is the breadth and depth of the company’s real estate experience and its track record of positive customer reviews.
Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
Disclaimer: The partners on Finder's mortgage comparison tables are sorted in alphabetical order.
As of July 2022, Draper & Kramer has a 4.98 out of 5 rating on Zillow from over 1,700 customers who report receiving excellent service from their loan officers. Draper & Kramer is accredited with the Better Business Bureau (BBB) and has an A+ rating with only three complaints closed in the past three years — an exceptional track record compared to many other lenders.
Customers report being thrilled with their loan officers’ service and professionalism, as well as their honesty, care and communication. As of this writing, we couldn’t find any major negative feedback, except for a complaint related to an unrefunded appraisal fee.
Founded in 1893 and headquartered in Chicago, Draper and Kramer Mortgage Corp. is a family-owned company that serves clients nationwide. The company has $300 million in active real estate developments, $1.3 billion in assets under management and $6 billion in annual commercial and residential mortgage loan production.