loanDepot.com, LLC
loanDepot Review 2026
Updated June 3, 2026
National nonbank lender — digital-first refi platform and Lifetime Guarantee.
Who loanDepot is best for
Borrowers who want a national nonbank refinance lender with a digital platform, broad product menu, and physical branch access in select markets.
At a glance
- NMLS
- #174457
- Refi types
- Rate-term + cash-out + FHA + VA
- Loan centers
- 200+ locations
- Min FICO
- 620 (verify at loandepot.com)
loanDepot.com, LLC — NMLS Consumer Access verified
Jumbo and HELOC also available
Physical branch access alongside digital platform
Government programs accept lower — confirm with lender
Pros
- +One of the largest nonbank mortgage lenders in the US — depth across every refi type
- +Digital platform — online application, document upload, eSign
- +Physical loan centers in 200+ locations for in-person support
- +Broad product menu: conventional, FHA, VA, jumbo, HELOC, and specialty programs
- +Lifetime Guarantee: waives lender origination fees on future refinances for returning borrowers (verify current terms at loandepot.com)
Cons
- −Rates are not always the most competitive for prime-credit borrowers vs. purely digital lenders
- −Physical branch quality varies by location
- −loanDepot experienced a January 2024 cybersecurity incident — verify current NMLS licensing
- −Origination fees and closing costs vary — always compare the Loan Estimate
loanDepot requirements
- 620+ FICO conventional (verify current minimums at loandepot.com)
- VA Certificate of Eligibility for VA refi products
- Available in all 50 states — verify specific program availability
◆ ClearValue platform data
Where mortgage rates and bank-held balances stand this week
Freddie Mac's Primary Mortgage Market Survey for the week of August 20, 2026 put the 30-year fixed rate at 6.65% and the 15-year fixed at 5.95% — the national benchmark any loanDepot refinance quote should be measured against before assuming it's competitive.
Against that rate backdrop, the New York Fed counts $13.1 trillion mortgage loans outstanding nationally as of Q2 2026, while commercial banks alone hold $2,695.6 billion residential loans on their own books (Fed H.8, week of August 12, 2026) — refinance demand tends to concentrate exactly when the spread between an existing loan's rate and the current PMMS average widens.
Primary sources: Freddie Mac — Primary Mortgage Market Survey (week of Aug 20, 2026) · New York Fed — Household Debt and Credit Report, Q2 2026 · Federal Reserve — H.8 Assets and Liabilities of Commercial Banks (week of Aug 12, 2026)
Rate and balance figures are national survey data, not loanDepot's own quoted rate, which depends on credit profile and loan-to-value. Verify current terms at loandepot.com.
loanDepot alternatives
Top alternatives worth comparing from Best Mortgage Refinance Lenders 2026.
Rocket Mortgage, LLC
Rocket Mortgage
Better for fully digital refi without branch complexity
Veterans United Home Loans
Veterans United Home Loans
Better for VA IRRRL — deepest VA refi specialization
Better Mortgage Corporation
Better
Better for lowest closing costs — $0 origination fee
Ready to apply?
Application takes minutes. Pre-qualification (where available) uses a soft credit pull with no impact to your credit score.
Apply at loanDepot.com, LLC→Last verified at the issuer on 2026-06-03
The full lineup
See all picks in Best Mortgage Refinance Lenders 2026
Editorial methodology + complete ranking criteria + side-by-side comparison of all picks.
Read the full guide →Bottom line
loanDepot scores 4.1 / 5 on the ClearValue Rating — a deterministic editorial composite from the product's own published fees, terms, and eligibility. Best for: Borrowers who want a national nonbank refinance lender with a digital platform, broad product menu, and physical branch access in select markets.
◆ How we scored it
The ClearValue Rating, broken down.
- Cost
- 35%
- Fit & approval odds
- 30%
- Speed & terms
- 20%
- Transparency
- 15%
Cost (35%), Fit & approval odds (30%), Speed & terms (20%), Transparency (15%) — scored consistently across every product, independent of compensation. Full methodology →
Frequently asked
Questions about loanDepot
What is the loanDepot Lifetime Guarantee?+
loanDepot's Lifetime Guarantee is a commitment to waive lender origination fees and reimburse the appraisal fee on any future refinance for borrowers who have previously closed a purchase or refinance through loanDepot. The guarantee reduces the cost of refinancing again — meaningful if you plan to refinance more than once over the life of your homeownership. Verify current terms, eligibility conditions, and any exclusions at loandepot.com.
What is loanDepot's NMLS ID?+
loanDepot.com, LLC holds NMLS #174457. You can verify current state licensing at nmlsconsumeraccess.org. loanDepot experienced a cybersecurity incident in January 2024 — if you are an existing borrower, verify your account security directly with loanDepot.
Related guides
Independent editorial review. ClearValue Lending is a business & personal financing platform — not a lender, broker, or financial advisor. Some links are affiliate links; the issuer may pay a referral commission at no cost to you, which never changes the score. Specific product terms vary; verify with the issuer before applying. See privacy policy.
https://clearvaluelending.com/reviews/loandepot-mortgagerefi