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With Motto Mortgage, you don’t work with a single bank or lender. Rather, you have access to a mortgage broker’s entire network of lenders to help you find the best deal. But it’s not transparent about fees and is only available in 33 states.
Conventional: 620
Minimum credit score
3%
Minimum down payment (Conventional)
Not available in: CT, KS, ME, MN, MS, NE, NH, NY, ND, RI, SD, UT, VT, VA, WA, WV, WI, DC
State availability
Loan products offered | Conventional, Jumbo, FHA, VA, Reverse, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment (Conventional) | 3% |
State availability | Not available in: CT, KS, ME, MN, MS, NE, NH, NY, ND, RI, SD, UT, VT, VA, WA, WV, WI, DC |
NMLS # | Each Motto Mortgage office has its own NMLS |
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 lender that offers both real estate services and mortgage brokers in one place, Motto Mortgage could be an excellent choice.
Each Motto office is independently owned, and loan officers don’t steer you towards any particular loan product. Rather, they monitor lenders that adjust their rate daily based on volume and try to find the lowest rate for you as they change.
Because Motto Mortgage doesn’t advertise its current rates or fees online, you may want to call and get prequalified to see what your available rates might be. The loan officer we spoke with was extremely helpful and knowledgeable.
Motto Mortgage is not currently available on Finder
Have you considered Rocket Mortgage?
Apply online for free and lock in your rate for 90 days.
To find out if you meet the requirements, you’ll need to get in touch with the company or start an online application.
Basic eligibility for a loan with Motto Mortgage includes:
While everyone’s situation is different, here’s the basic documentation you’ll need to apply for a home loan from Motto Mortgage.
If you’re self-employed, you’ll also need:
Motto Mortgage doesn’t charge broker fees. But each lender that Motto Mortgage works with has its own origination fees, which typically range between $750 and $1100, depending on the lender and loan product. This fee can be paid upfront or rolled into your mortgage payment.
To apply for a mortgage with Motto Mortgage, either call the company or start an online application. To begin the process for the latter:
Motto Mortgage also offers these specialized types of mortgages:
Compared with other lenders, Motto Mortgage offers a standard range of loans, plus interest-only and balloon loans for investors and high-worth individuals. What makes Motto Mortgage different from other lenders is that it offers real estate agents and mortgage brokers in one place, giving you access to multiple loan options and rates without having to shop around.
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Disclaimer: The partners on Finder's mortgage comparison tables are sorted in alphabetical order.
As of July 2022, Motto Mortgage has a 4.96 out of 5 rating on Zillow from 23 customers who report receiving excellent service from their loan officers and lower-than-expected fees and closing costs. Motto Mortgage is not accredited with the Better Business Bureau (BBB).
Customers report being thrilled with their loan officers’ level of knowledge, trustworthiness and ability to get things done. We couldn’t find any negative reviews about the company, but there are only a small number of reviews posted online at this time.
Founded in 2016 and headquartered in Denver, Colorado, Motto Mortgage is a member of RE/MAX and is a network of locally owned and operated mortgage brokerages across the US. By working directly with loan originators, Motto Mortgage aims to provide homebuyers and refinancers access to a wholesale lending mix of competitive interest rates. Every Motto Mortgage office is independently owned, operated and licensed.