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Neat Capital is a fintech mortgage lender that specializes in unique situations, jumbo loans and loans for the self-employed. It works directly with homebuyers, helping them with residential mortgages, first mortgages and refinances. The lender leverages Finicity’s open banking platform to help provide faster decisions and less back and forth while your loan is being underwritten.
Loan products offered | Conventional, Jumbo, FHA, VA, USDA, Refinance |
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Minimum credit score | Conventional: 620 FHA: 620 Jumbo: 700 |
State availability | Only available in: CA, CO, CT, DC, NM, TX, WA |
NMLS # | 1467706 |
To find out if you meet the requirements for a Neat Capital home loan, you’ll want to get preapproved online or speak with a loan officer. Basic eligibility for a loan with Neat Capital includes the following:
While everyone’s situation is different, here’s the basic documentation you’ll need to apply for a mortgage from Neat Capital.
For employed persons:
For self-employed persons:
Neat Capital charges an underwriting fee of $995. In addition, you’ll also be required to pay third-party fees, including title and escrow, appraisal and other fees.
Apply for a Neat Capital mortgage with an instant preapproval that includes a soft credit check. Follow these steps:
If you are preapproved, Neat Capital invites you to apply for a loan either through its website or wait for a loan officer to contact you. Once you submit a full application, the company will run it through the system to verify your assets for later review by the underwriting department.
Neat Capital also offers a Platinum approval, where your application is reviewed by an underwriter and you’re given an official approval to make a cash-like offer in as little as 48 hours. It also guarantees up to $10,000 of your earnest money if the transaction falls through.
Neat Capital also offers these specialized types of mortgages:
Compared to other lenders, Neat Capital offers a standard range of loans, including conventional and government-backed loans. What makes Neat Capital different is its ability to process applications faster, software integrations that can verify assets electronically and its Platinum preapproval process to help you compete with all-cash offers.
As of January 2021, Neat Capital has a 4.82 out of 5 rating on Zillow from a small number of customers, most of whom report positive experiences with the company. While Neat Capital is not accredited with the Better Business Bureau (BBB), it has an A + rating with zero complaints registered in the last three years.
Customers report being thrilled with the service and expertise of their loan officers, as well as the company’s ability to integrate with financial systems for faster data gathering. As of this writing, we could not find any major negative feedback from customers except for one complaining of a slow application.
Founded in 2015, Neat Capital is a Boulder, Colorado-based fintech lender built to help borrowers compete with all-cash offers. In January 2021, the company closed on $22.5 million in Series B funding, which it will use to make its platform more scalable and to add new distribution sources and features to improve its customer-facing interfaces, according to National Mortgage News.
If you have questions for Neat Capital, you can get help by phone, email or social media.
Neat Capital recommends getting a soft prequalification first and then calling the company to find a loan officer to work with.
Neat Capital performs a soft credit pull to check if your income and assets qualify for a loan before submitting the application. It doesn’t affect your score. If you have any questions, contact a loan officer.
Review by
Kat Aoki is a mortgage writer at Finder. Since 2011, she’s helped consumers make better financial decisions with their home loans, credit cards, insurance and more. As a business writer for the real estate, mortgage and personal finance industries, she’s written hundreds of helpful, informative articles for some of the leading brands around the globe that include iSelect, InfoChoice, realestate.com.au, GE Money and Amex. Kat earned a BS in Marketing from California State University, Sacramento. She enjoys travel, hiking and photography in her spare time.
If you’re looking for a faster application and underwriting process that eliminates a lot of back and forth, Neat Capital could be a good choice. The company strives to provide quicker preapprovals, including its Platinum application, which after being approved by underwriting, is as good as an all-cash offer.
If you’re interested in working with this lender, you can start by getting a soft preapproval on its website and then compare rates with other lenders. Then you can work with Neat Capital to secure the best rate for your credit score and situation.