If you’re looking to buy a home or refinance your existing mortgage, it’s important to choose a reputable lender. With so many options out there, it can be hard to know which ones are trustworthy.
One lender that you may have heard of is “Shellpoint Mortgage“. But is Shellpoint Mortgage legit? In this article, we’ll take a closer look at this lender and give you an honest review of its services.
Contents
What is Shellpoint Mortgage?
Shellpoint Mortgage is a residential mortgage lender that offers a variety of mortgage products, including conventional, FHA, VA, and jumbo loans. The company was founded in 2010 and is headquartered in Greenville, South Carolina. Shellpoint Mortgage is a subsidiary of New Penn Financial LLC, which is a national lender that operates in all 50 states.
| Company Name | Shellpoint Mortgage |
|---|---|
| Customer Service Phone Number | 1-800-365-7107 |
| Address | 75 North Water Street, Greenwich, CT 06830 |
| Website | https://www.shellpointmtg.com/ |
| Customer Service Email | customerservice@shellpointmtg.com |
How Does Shellpoint Mortgage Work?
Like most mortgage lenders, Shellpoint Mortgage offers a variety of mortgage products to help borrowers purchase or refinance their homes. You can apply for a mortgage with Shellpoint Mortgage either online or by phone. The company will then review your application and determine whether you qualify for a mortgage. If you do, you’ll receive a loan estimate that outlines the terms of your mortgage, including the interest rate, closing costs, and monthly payment.
Is Shellpoint Mortgage Legit?
Now, let’s get to the main question: is Shellpoint Mortgage legit? The answer is yes. Shellpoint Mortgage is a legitimate mortgage lender that is licensed to operate in all 50 states. The company has an A+ rating with the Better Business Bureau and has been accredited since 2012. Additionally, Shellpoint Mortgage has received positive reviews from many satisfied customers.
Pros and Cons of Shellpoint Mortgage
To help you decide whether Shellpoint Mortgage is the right lender for you, let’s take a closer look at some of its pros and cons.
Pros:
- Offers a variety of mortgage products to meet different needs
- Allows borrowers to apply online or by phone for added convenience
- Has received positive reviews from many satisfied customers
- Offers competitive interest rates
Cons:
- May not be the best option for borrowers with poor credit
- Some borrowers have reported issues with customer service
- Closing costs and fees may be higher than with some other lenders
Shellpoint Mortgage Reviews
As mentioned earlier, Shellpoint Mortgage has received positive reviews from many satisfied customers. Here are a few examples of what customers have to say about this lender:
“I had a great experience working with Shellpoint Mortgage. The process was easy and straightforward, and the staff was very helpful and friendly.”
“Shellpoint Mortgage gave me a great interest rate and helped me navigate the complicated process of buying my first home. I would definitely recommend them to anyone looking for a mortgage.”
“I had some issues with customer service when I first started working with Shellpoint Mortgage, but they were able to resolve the issues quickly and efficiently. Overall, I’m very satisfied with their service.”
Conclusion
So, is Shellpoint Mortgage legit? The answer is yes. This lender is a legitimate option for borrowers who are looking for a variety of mortgage products and competitive interest rates. While there may be some drawbacks, such as higher closing costs and fees, many customers have had positive experiences with Shellpoint Mortgage. If you’re considering applying for a mortgage with this lender, be sure to do your research and compare it to other options to ensure that it’s the best choice for your needs.
Shellpoint Mortgage FAQs
Is Shellpoint Mortgage a scam?
No, Shellpoint Mortgage is a legitimate mortgage lender that is licensed to operate in all 50 states.
How do I apply for a mortgage with Shellpoint Mortgage?
You can apply for a mortgage with Shellpoint Mortgage either online or by phone. Simply visit the company’s website or call their toll-free number to get started.
What types of mortgages does Shellpoint Mortgage offer?
Shellpoint Mortgage offers a variety of mortgage products, including conventional, FHA, VA, and jumbo loans.
Are Shellpoint Mortgage’s interest rates competitive?
Yes, Shellpoint Mortgage offers competitive interest rates that are in line with other lenders in the industry.
Does Shellpoint Mortgage have good customer service?
While some customers have reported issues with customer service, many others have had positive experiences with Shellpoint Mortgage’s staff. Be sure to read customer reviews and do your research before choosing a lender.
