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LoanSnap offers the most-common mortgage loans — conventional loans, FHA loans and VA loans — so many people may be able to find a home loan that works for their situation.
Here are some more details to keep in mind.
LoanSnap’s website offers few details
LoanSnap offers some basic information about its products on its website, but it leaves prospective borrowers with more questions than answers. Important details — including interest rates, loan terms and eligibility requirements — are not available.
There are state and property limitations
LoanSnap offers loans in 30 states. If you don’t live in one of those states, you’ll need to look elsewhere.
Who is a LoanSnap mortgage loan good for?
If you’re looking for a conventional loan, FHA loan or VA loan and live in one of the states where LoanSnap operates, it may be worthwhile to go through the lender’s application process. But if you’re looking for a specialized home loan or a USDA loan, you’ll need to check out other lenders.
About the author: Ben Luthi is a personal finance freelance writer and credit cards expert. He holds a bachelor’s degree in business management and finance from Brigham Young University. In addition to Credit Karma, you can find his wo… Read more.
