PrimeLending Mortgage 2021 | US News


PrimeLending is a Dallas-based mortgage lender with several mortgage loan options, including conventional loans, jumbo loans, government-backed loans refinance loans. The lender is a subsidiary of PlainsCapital Bank.

  • Offers a wide variety of mortgage loans
  • Provides mortgage loans nationwide
  • Helps with closing costs

  • Lacks branches in every state
  • Requires speaking with a loan officer before you can apply online

PrimeLending has a suite of mortgage loans available, including:

  • Conventional loans
  • Adjustable-rate mortgages
  • Jumbo loans
  • Federal Housing Administration loans
  • Veterans Affairs loans
  • U.S. Department of Agriculture loans
  • Home renovation loans
  • Refinance loans

The credit score you need will depend on the type of mortgage you want. The lender doesn’t disclose its minimum score for approval but suggests that the mid-600s are acceptable.

If your score is below 600, you may still get approved, but with a higher interest rate than if your score were stronger. Also, PrimeLending recommends having a debt-to-income ratio below 43%.

Closing costs can vary based on several factors, including where you buy, the type of loan the home itself. In general, you can expect to pay between 2% 6% of the purchase price of the home.

However, PrimeLending doesn’t charge lending fees on VA loans, including renovation loans.

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Is your dream home within reach? U.S. News’ mortgage calculator will show you how much house you can afford.

PrimeLending has an A+ rating with the Better Business Bureau.

The Consumer Financial Protection Bureau received 23 mortgage-related complaints in 2019 about PrimeLending. The most common complaints involved:

  • Applying for a mortgage or refinancing a mortgage
  • Having trouble during the payment process
  • Struggling to pay a mortgage
  • Closing on a mortgage

Each complaint received a timely response was closed with an explanation.

After you speak with a loan officer, you can complete an application online to prequalify for a home loan. You can also provide all of your documents via email or upload them to the lender’s website.

PrimeLending offers several resources on its website, including calculators, videos, guides blog posts.

  • Homebuyers who want a lot of options
  • Veterans who want to save on loan fees
  • Low- to moderate-income homebuyers who need closing cost assistance



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