onsidering a home loan? Our Lakeview Mortgage reviews provide a deep dive into their rates, services, and customer experiences, helping you decide if they are the right mortgage lender for you.
Lakeview Mortgage
Lakeview Mortgage is a well-known lender offering a variety of home loan options, including conventional, FHA, VA, and refinancing loans. Established in 1999, the company is licensed in multiple states and regulated by the Consumer Financial Protection Bureau (CFPB).
Lakeview Mortgage Rates 2025
Current mortgage rates vary based on credit scores, loan types, and market conditions. Below is a comparison of Lakeview’s rates against competitors, sourced from Freddie Mac and other reputable financial websites (as of March 2025):
| Loan Type | Lakeview Mortgage Rate | Industry Average | APR | Rate Range (Based on Credit Score) |
|---|---|---|---|---|
| 30-Year Fixed | 6.25% | 6.40% | 6.45% | 5.85% – 7.10% |
| 15-Year Fixed | 5.75% | 5.90% | 5.85% | 5.50% – 6.50% |
| 5/1 ARM | 5.50% | 5.70% | 5.75% | 5.25% – 6.30% |
Types of Loans Offered by Lakeview Mortgage
- Conventional Loans – Requires a credit score of at least 620. Offers flexible terms and competitive rates.
- FHA Loans – Ideal for first-time buyers with lower credit scores (minimum 580). Requires a down payment of 3.5%.
- VA Loans – No down payment required for eligible veterans. Competitive interest rates.
- Jumbo Loans – For loan amounts exceeding conventional limits. Requires high credit scores and financial stability.
Application Process and Documents Requirements
The application process includes:
- Checking credit score and pre-qualification.
- Gathering necessary documents (ID, tax returns, proof of income, bank statements).
- Submitting an application and undergoing a credit review.
- Receiving loan approval and completing home appraisal.
- Finalizing the loan with closing documents.
Customer Feedback and Reviews
Customer feedback for Lakeview Mortgage has been gathered from Trustpilot and the Better Business Bureau (BBB):
“Great rates but slow processing. Took almost 2 months to close my loan.” – Jane R.
“Excellent customer service and transparency throughout the loan process.” – Mike D.
Positive Trends: Competitive rates, flexible loan options, good customer service.
Negative Trends: Longer processing times, issues with document verification.
Final Thoughts
Lakeview Mortgage is a strong choice for borrowers looking for competitive rates and diverse loan options. However, their loan processing times may be a drawback for those needing fast approvals.
Legal Disclaimer:This content is for informational purposes only and does not constitute financial advice. Please consult a mortgage professional before making any financial decisions.
