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Network Capital provides a streamlined loan process and closing in around 15 days if everything goes smoothly. But the only types of loans it offers are conventional, VA and mortgage refinance loans.
Conventional: 620
VA: Low-to-mid 600s
Minimum credit score
3%
Minimum down payment (Conventional)
AL, AZ, CA, CO, DC, DE, FL, IA, IL, IN, LA, MD, MI, MN, NC, NJ, NM, NY, OH, OR, PA, TN, TX, VA, WA
State availability
Loan products offered | Conventional, Refinance, VA |
---|---|
Minimum credit score | Conventional: 620 VA: Low-to-mid 600s |
Minimum down payment (Conventional) | 3% |
State availability | AL, AZ, CA, CO, DC, DE, FL, IA, IL, IN, LA, MD, MI, MN, NC, NJ, NM, NY, OH, OR, PA, TN, TX, VA, WA |
NMLS # | 11712 |
Review by
Kimberly Ellis is a personal finance writer at Finder, specializing in banking and financial literacy. After teaching in public and private schools, Kimberly zeroed in on personal financial education to help families and kids develop lifelong money skills. She hails from New York City, graduating summa cum laude from Queens College with a BA in elementary education and mathematics, as well as a New York State teaching certificate. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.
Network Capital may be a strong option for borrowers looking for low down payment mortgages, a streamlined online application and faster-than-normal closing. But if you’re after a USDA loan, jumbo loan or a home equity loan, you’ll need to look elsewhere for now.
Network Capital 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 for a Network Capital home loan, fill out a form online or call the company to speak with a loan officer directly.
Basic eligibility for a loan with Network Capital includes:
To apply for a mortgage from Network Capital, you’ll need:
Network Capital has $0 lender fee programs that cover application, origination, processing and underwriting fees for qualified borrowers. Other third-party fees you can expect to pay include:
Here’s how to apply for preapproval with Network Capital.
Alternatively, you can skip the above process and call the company directly at 800-300-0018.
Network Capital also offers these specialized types of mortgages:
Compared to other lenders, Network Capital offers a lower-than-average number of home loan products and no specialized loan programs for first-time homebuyers.
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As of August 2022, Network Capital has a 4.88 out of 5 rating on Zillow from 386 customers. It has been accredited by the Better Business Bureau (BBB) since 2003 and has an A+ business rating, a 3.62 out of 5 customer rating and 119 customer complaints closed in the last three years.
Customers report being thrilled with the knowledge and helpfulness of their loan officers when they had questions, as well as the interest rates they received. Complaints with the company center around specific loan officers not following through with tasks and asking for additional documentation at the last minute.
Network Capital is a direct lender with headquarters in Irvine, California. It opened its doors in 2002 and opened another office in Miami in 2017 as its East Coast Regional Headquarters. It also hosts The Mortgage Radio show with mortgage expert Sean Meador, which airs on stations across the country.