Mortgage

Wyndham Capital mortgage score for 2021

overview

Wyndham Capital uses innovative digital tools to create a fast and transparent online mortgage experience.

Whether you are buying a home or refinancing your mortgage, Wyndham Capital's knowledgeable lending experts can help you find the right loan for your needs. Options include conventional loans, fixed and floating rate mortgages, jumbo loans, and government-secured loans.

The company also offers online tools such as affordability calculators and many resources to help you understand the loan process.

But while Wyndham Capital receives positive reviews from customers, the lender has few physical branches. So borrowers should expect a predominantly digital experience.

Wyndham Capital Mortgage Rates

Mortgage rates vary from lender to lender, so it is important to shop around and compare rates and fees. Factors that affect interest rates include market trends, a borrower's credit history, and the size of their down payment.

In 2020 (the latest data available), Wyndham Capital's 30-year average interest rate was slightly lower than that of top lenders, saving its clients mortgage-related costs.

Average mortgage rates from major lenders

Wyndham capital
Rocket mortgage
Wells Fargo
Liberty mortgage

30-year average interest rate, 20201
3.07%
3.20%
3.62%
2.92%

Median total credit costs, 2020
$ 1,660
$ 4,610
$ 3,370
$ 3,340

Median creation fee, 2020
$ 0
$ 2,950
$ 1,280
$ 0

Cheaper price wasn't the only place homeowners have saved up, however.

Wyndham Capital borrowers also had lower borrowing costs (on average) compared to other lenders – up to 50% less in 2020.

The lender also does not charge a lending fee. This is a unique benefit considering how many lenders charge a commitment fee equal to 1% of the loan balance.

Average interest and fee data from public interest and fee records required by the Home Mortgage Disclosure Act (HMDA).

Compare rates from top lenders. Start here (08/18/2021)

Wyndham Capital Mortgage Review for 2021

Wyndham Capital uses a variety of digital tools to simplify the mortgage process, often making it quicker and easier for its clients to close.

The company offers conventional loans, jumbo loans, and adjustable rate mortgages, as well as government-secured loans (FHA, VA, and USDA). Unfortunately, Wyndham doesn't offer home equity loans.

In addition, borrowers can choose from a wide variety of mortgage terms. 15 and 30 year mortgages are common products, but Wyndham Capital also offers 10 and 20 year options.

Wyndham also believes in transparency, so you can check the latest mortgage rates on their website.

Although Wyndham Capital has a limited number of branches across the country, eClosing makes it convenient to close anywhere, anytime.

Another notable feature is the company's $ 10,000 final on time guarantee on home loans. If your loan doesn't end on time, you can receive up to $ 10,000, which will be split evenly between you and the seller.

Working with Wyndham Capital

Start your mortgage journey by comparing Wyndham Capital mortgage rates to other lenders. You can easily check your prices on the Wyndham website.

Enter your zip code and choose the type of loan you want (new purchase or refinancing). Next, fill in information about your down payment, credit history, and financial background. You will then receive an individual interest rate offer without having to submit a complete loan application.

To proceed with a mortgage, complete the online application and upload your supporting documents to the lender's secure portal for pre-approval.

You can also use Wyndham's online tools such as a refinance calculator, affordability calculator, and a rent vs. own calculator. This can help you make an informed purchase or refinancing decision.

Wyndham Capital's online mortgage experience – from digital pre-approval to eClosing – enables many of its customers to close up to 15% faster than the industry average, according to the company's website.

Customer ratings from Wyndham Capital

Wyndham Capital does not have a J.D. Power Satisfaction Score, but there are only five complaints with the Consumer Federal Protection Bureau CFPB. This is far less than some other lenders.

Customer service reviews from major lenders

CFPB Complaints, 20204
Complaints per 100 mortgages, 20205
J.D. Power Satisfaction Score, 20206

Wyndham capital

5
0.00
Not rated

Rocket mortgage
391
0.03
883 / 1,000

Wells Fargo
554
0.05
840 / 1,000

Liberty mortgage
288
0.04
817 / 1,000

In general, customers are satisfied with the level of service and the speed of their deals.

On the Zillow forum, Wyndham Capital has 4.82 out of 5 stars based on 1,220 reviews. Most clients described working with the lender as a “great experience” and found their rates and closing costs reasonable and lower than expected.

Likewise, the lender gets 4.8 out of 5 stars based on 2,100 Google reviews.

Confirm your new price (August 18, 2021)

Mortgage loan products at Wyndham Capital

Here's a look at options for buying a home and refinancing with Wyndham Capital:

Conventional Loan – Choose a fixed rate home loan with terms of 10 to 30 years or a variable rate mortgage. Many borrowers can get a conventional loan with a credit score of at least 620 and only 3% down Jumbo Loans – These non-compliant loans are an option when buying a higher priced home. To qualify, you need a credit score of 700 or higher and at least 10% less FHA Loans – These loans are popular with first-time buyers and repeat buyers. Get an FHA loan with a credit score of only 580 and a minimum down payment of 3.5%. These loans are backed by the Federal Housing Administration VA Loan – These zero-down mortgage loans are available to active service members of the military, veterans, their surviving spouses, and other select service members. A VA loan with Wyndham CapitalUSDA Loans does not require a minimum creditworthiness, according to a company representative. This is another zero deduction mortgage loan, but to qualify you must buy a home in a suitable rural area. You must have a credit rating of at least 640 and your annual household income cannot exceed the income limit for your area

In addition to traditional single-family homes, Wyndham also offers home loans for condominiums, townhouses, and mobile / prefabricated homes.

Where can I get a mortgage with Wyndham Capital?

Wyndham Capital has offices in a few select states – Arizona, Georgia, Kansas, Maryland, Missouri, South Carolina, and Utah.

The lender is also licensed in several other states and the District of Columbia. Borrowers can apply online, receive digital pre-approval, and complete electronically.

Is Wyndham Capital the Best Mortgage Lender For You?

Wyndham Capital offers a generous selection of mortgage programs and loan terms, as well as lower mortgage fees. This lender may be worth a look if you want to cut your expenses without skimming on service or options.

You can use the lender whether you are buying or refinancing. However, if you want to get cash out of your equity, it doesn't offer home equity loans. Your only option is a cash-out refinancing.

Although Wyndham Capital is licensed in most states, it has few physical offices. Apply only if you are comfortable with a fully digital experience that includes uploading documents to an online portal and scheduling eClosings.

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