Right this moment we’ll take a look at tech-minded lender “GO Mortgage,” which is a dba of GSF Mortgage Company.
Whereas GO is only some quick years outdated, its mother or father firm GSF has been round since 1995. And its founders have been within the mortgage biz for the reason that Nineteen Seventies.
So clearly there’s a powerful pedigree right here, and the mix of the most recent know-how coupled with old style customer support could possibly be a win for customers.
Let’s be taught extra about GO Mortgage to find out if it could possibly be a go-to spot in your house mortgage wants.
GO Mortgage Quick Details
- Impartial direct-to-consumer mortgage lender
- A dba of mother or father firm GSF Mortgage Corp.
- Based in 2018, headquartered in Brookfield, Wisconsin
- Gives house buy loans, refinances, and building loans
- At present licensed in 36 states nationwide
- Funded roughly $1.3 billion in house loans final yr
GO Mortgage is an impartial, direct-to-consumer mortgage lender that gives house buy financing, refinances, and building loans.
The corporate was based in 2018 and is headquartered in Brookfield, Wisconsin, the state the place they do the majority of their enterprise.
Actually, practically 25% of whole mortgage quantity got here from the Badger State, although they’re additionally fairly energetic in Texas, Florida, North Carolina, and Virginia.
General, they managed to fund about $1.3 billion in house loans final yr, with about half of that coming from refinance transactions, a 3rd from house purchases, and the remainder house enchancment.
At present, they work remotely with prospects in 36 states nationwide as they don’t seem to have bodily branches.
They aren’t out there in Alaska, Connecticut, Hawaii, Massachusetts, Montana, Nebraska, New Hampshire, New Mexico, New York, North Dakota, Rhode Island, Vermont, West Virginia, or Wyoming.
Tips on how to Apply with GO Mortgage
- Their ‘On the GO’ digital app is powered by fintech firm SimpleNexus
- Permits prospects to use for a mortgage from any system in simply minutes
- Skill to hyperlink monetary accounts, securely scan/add docs, and eSign disclosures
- Use the borrower portal to verify your progress and obtain standing updates alongside the way in which
To get began, merely navigate to the GO Mortgage web site and hit “Get Charges.” Or just name them up on to get related with a mortgage officer.
If you happen to already know who you’ll be working with, you possibly can search by identify when you click on “Discover an Advisor.”
Those that are able to go can click on “Apply Now” and start filling out the digital utility powered by SimpleNexus.
There’s additionally a smartphone app referred to as “On the GO” if you happen to desire to handle your mortgage expertise out of your cellular system.
As soon as within the app, it’s potential to hyperlink monetary accounts, securely scan and add docs out of your cellphone, and message your mortgage officer immediately when you’ve questions.
You’ll additionally get updates as you go and there’s a web based borrower portal the place you possibly can verify your mortgage standing.
If you happen to’re seeking to get pre-approved for a mortgage, they are saying you are able to do so in about 24 hours.
They seem to make use of the most recent tech, but in addition have devoted mortgage officers and processors standing by to assist when wanted.
Mortgage Applications Out there at GO Mortgage
- House buy loans
- House renovation loans
- Refinance loans: charge and time period, money out, and streamline
- Typical mortgages
- Jumbo loans
- FHA/VA/USDA loans
- Single-close building loans
Go Mortgage has a reasonably intensive product menu, providing something from a house buy mortgage to a mortgage refinance to a renovation or building mortgage.
You may as well get your arms on any main kind of mortgage, whether or not it’s a traditional mortgage backed by Fannie Mae, a jumbo mortgage, or a USDA mortgage.
They appear to focus on single-close building loans, with choices for all main mortgage sorts together with Fannie Mae, FHA, VA, and USDA.
Each fixed-rate and adjustable-rate mortgages can be found in a wide range of mortgage phrases, together with choices just like the 15-year mounted and 5/1 ARM.
GO Mortgage Charges
Whereas GO Mortgage says a lot of its prospects select them for his or her low charges, they don’t characteristic on their homepage or elsewhere on their web site.
As such, you’ll both must fill out their mortgage charge quote type on-line, or just name them as much as get related with a licensed mortgage officer.
I used to be capable of finding at the very least one mortgage advisor that listed pattern each day mortgage charges on his private webpage, however most didn’t.
From what I did see, the mortgage charges have been positively aggressive, however it should rely upon the mortgage state of affairs.
When it comes to lender charges, I couldn’t discover any info relating to a potential mortgage origination price, processing, underwriting, and so on.
So you’ll want to take the time to talk with somebody first to get all these particulars, then store round accordingly.
My assumption is that they’re competitively priced with different nonbank, direct lenders, which could put them forward of massive banks, however maybe not absolutely the lowest on the market.
However once more, you’ll must get in contact with a human to seek out out.
GO Mortgage Opinions
One factor Go Mortgage isn’t quick on is great opinions.
On Expertise.com, they’ve bought a 4.79-star score out of 5 from greater than 7,000 buyer opinions.
Be sure you take a look at particular person mortgage officer opinions as properly if you wish to fine-tune your search and work with somebody really distinctive.
Over at Zillow, GO Mortgage has a stellar 4.88-star score out of 5 from about 1,000 buyer opinions.
In addition they have an equally robust 4.9-star score on Bankrate, and a 4.7-star score on Google from about 250 opinions.
The corporate is an accredited enterprise with the Higher Enterprise Bureau, and at present holds an ‘A+’ score with the BBB based mostly on criticism historical past.
To sum issues up, GO Mortgage seems to be a preferred alternative for each house patrons and people seeking to refinance.
And as famous, they focus on one-time building loans, so that they could possibly be a very good choice if you happen to’re constructing a house.
GO Mortgage Professionals and Cons
The Professionals
- A paperless, digital mortgage mortgage course of
- Can apply on-line or by way of smartphone in minutes
- Numerous mortgage applications to select from
- Specialise in one-time shut building loans
- Wonderful buyer opinions throughout all scores websites
- A+ BBB score, accredited enterprise
- Seem to service their very own loans
- Free biweekly mortgage funds
- Free mortgage calculators on their web site
The Cons
- Don’t checklist mortgage charges or lender charges on-line
- No bodily department areas
- Not out there in all states