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Primary Residential Mortgage is a direct lender with 240 retail branches across 49 states. The company offers a wide selection of loans and leverages the Blend lending platform for a more modern application process. But interest rates aren’t listed online, and you’ll need to choose a loan officer in your state before you can apply for a loan.
Loan products offered | Conventional, Jumbo, FHA, VA, USDA, Home Equity, Reverse, Refinance |
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Minimum credit score | Conventional: 620 FHA: 500 |
Minimum down payment | 3% |
State availability | Not available in: NY |
NMLS # | 3094 |
To apply for a loan, either call the company to find a loan officer and get prequalified, or start the online application after choosing a loan officer.
Basic eligibility for a Primary Residential Mortgage loan includes:
Here’s a list of Primary Residential Mortgage’s standard documentation requirements for all borrowers.
While not listed online, you can expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees.
To apply for a mortgage with Primary Residential Mortgage, either call the company or start an online application. To start an online application, here’s what you need to do.
Primary Residential Mortgage also offers these specialized types of mortgages:
Compared to other lenders, Primary Residential Mortgage offers a standard selection of mortgage types, including government-back loans, jumbo loans, reverse mortgages and first-time homebuyer programs. While the bank has excellent ratings from past customers, the website lacks information about prequalification, and unlike some lenders, you’re forced to choose a loan officer before you can start an online application.
As of February 2021, Primary Residential Mortgage has a 5 out of 5 rating on Zillow from over 5,200 customers, who report being happy with the helpfulness, knowledge and responsiveness of their loan officers. Primary Residential Mortgage is not accredited with the Better Business Bureau (BBB), and has had 18 complaints registered in the past three years.
Founded in 1998, Primary Residential Mortgage is headquartered in Salt Lake City, Utah. The company employs over 150 local team members in Utah and 1,500 employees nationwide. Primary Residential Mortgage offers 240 retail branches across the county and is licensed to do business in all states except New York.
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 prefer a lending process that combines technology with a human touch, Primary Residential Mortgage may be worth considering. However, the company doesn’t advertise its interest rates online, and you must choose a loan officer to begin the application process. We recommend calling the company to find a loan officer you want to work with, get prequalified, then compare quotes from other lenders.