This includes mortgages for the self-employed (12-month bank statement program), jumbo loans with high LTVs, poor credit down to 580 FICOs, and financing on non-warrantable condos with a higher concentration of commercial units. Their so-called “unconventional loans,” which are known as “beyond by Embrace,” include some unique programs other lenders may not offer. They offer all the main government home loan options, including FHA loans, USDA loans, and VA loans.Īdditionally, you can get a renovation loan via the FHA 203k program. You can get a conforming mortgage backed by Fannie Mae or Freddie Mac, along with a jumbo loan up to $3 million. Adjustable-rate mortgages (5/1 and 7/1 ARMs)Įmbrace offers just about every type of mortgage you can think of, including home purchase loans, refinance loans (cash-out and rate and term), and renovation loans.Fixed-rate mortgages (30-year and 15-year fixed).Unconventional loans (self-employed and poor credit).What Types of Mortgages Does Embrace Home Loans Offer? So they do offer some digital mortgage attributes, similar to Rocket Mortgage. It sends real-time updates and helpful reminders, including upcoming events like your home appraisal and closing date. You can also download the Embrace Home Loans Mobile App for free and track your loan progress without having to call or email your loan officer. Once you’re approved, you can use the customer portal to upload documents, e-sign disclosures, and connect your bank statements via Finicity. One unique offering they have is the ability to get pre-qualified via text message. You can also request a mortgage rate quote by filling out a shorter form on their website, in which case a loan officer will reach out to you.

Or simply want to look up loan officers in your area. However, you’re also able to call them directly or use their loan officer directory if you’ve been referred by someone specific. One plus to Embrace Home Loans is the ability to apply for a mortgage directly on their website without having to speak to anyone.

Once approved you can track loan progress via the Embrace Home Loans Mobile App.

They also offer the ability to get pre-qualifed via text message.

Or use their loan officer directory to work with someone specific.

You can apply for a mortgage directly on their website.

Applying for a Mortgage with Embrace Home Loans Update: Embrace Home Loans recently partnered with Ameriprise Financial to provide its wealth management advisors and clients with mortgage financing solutions. While neither of those rates sounds very appealing, Hardiman realized that no one refinanced their mortgages in those days. In 1982, they were hovering around 17% for a 30-year fixed, and a year later had fallen to around 12%. Originally known as Advanced Financial Services Inc., direct-to-consumer mortgage lender Embrace Home Loans began after founder Dennis Hardiman watched mortgage interest rates “fall a whopping 5 points.”īack then, mortgage rates were nothing like they are today. I always like to read up on the history of specific mortgage lenders to see how they got their start.Īnd the Embrace Home Loans story is an interesting one, having started all the way back in 1983, which is a lifetime in the mortgage industry. Loan servicing portfolio exceeds $6 billion.Licensed in 49 states and the District of Columbia (not available in Hawaii).Fannie/Freddie, FHA, VA, and USDA-approved direct mortgage lender.Previously known as Advanced Financial Services Inc.X Facebook LinkedIn Email Embrace Home Loans Fast Facts

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