Lakeview Mortgage is a national lender offering a variety of home loan products, including Conventional, FHA, VA, and Jumbo loans. With a strong market presence, they provide competitive rates and digital mortgage solutions.
Pros of Choosing Lakeview Mortgage
- Competitive interest rates
- Wide range of loan options
- Flexible terms and refinancing options
- Nationwide availability
- Streamlined digital loan processing
Cons of Choosing Lakeview Mortgage
- Reports of slow processing times: Many customers have reported extended wait times, particularly for loan underwriting and closing.
- Strict credit score requirements: Some loans require a credit score of 640 or higher.
- Hidden fees: Some borrowers have reported unexpected charges during the closing process.
Comparison of Loan Types
| Loan Type | Best For | Credit Score Requirement | Down Payment Requirement | Typical Fees | Maximum Loan Amount |
|---|---|---|---|---|---|
| Conventional | Borrowers with good credit | 620+ | 3%-20% | 1%-2% of loan amount | $726,200 (higher in some areas) |
| FHA | First-time homebuyers | 580+ | 3.5% | Upfront MIP + annual MIP | $472,030 |
| VA | Veterans & active military | None | 0% | VA funding fee (varies) | $726,200 (higher in some areas) |
| Jumbo | High-value homebuyers | 700+ | 10%-20% | 1%-3% of loan amount | $1M+ |
Customer Reviews and Ratings
As of March 2025, here are Lakeview Mortgage’s customer ratings:
- Trustpilot: 3.8/5 (Based on 2,500+ reviews) – Common themes: Good rates, but slow service.
- Better Business Bureau (BBB): 3.5/5 (Based on 1,200+ reviews) – Common complaints: Long closing times and unexpected fees.
State-Specific Information
Mortgage rules vary by state. For instance, California borrowers may face stricter documentation requirements, while Texas borrowers benefit from lower closing costs. Always check state-specific regulations before applying.
Final Verdict
Lakeview Mortgage is a solid choice for homebuyers looking for competitive rates and diverse loan options. However, processing times may be a concern for some borrowers.
Legal Disclaimer : This content is for informational purposes only and does not constitute financial or mortgage advice.
