Overall
Mission Loans' home equity loan products are as high quality as their other mortgage products. They're a great option for homeowners with both higher and lower credit scores, as they offer low interest rates and closing costs. If you are currently searching for a home equity lender, definitely give this company a try.
Closing Costs
Closing costs appear to be average for the market. For exact figures, contact Mission Loans directly.
Loan Term Variety
Terms are what you'd expect with any of the top lenders in the space -- homeowners can opt between 10, 15, 20 and 30 year terms, depending on their financial goals and qualifications.
Borrowing Limits
Mission Loans does not currently post their borrowing limits online. Customer reviews indicate that they offer a borrowing range suitable to the needs of most homeowners, but for exact figures you'll need to contact the company directly.
Customer Service
Customer service is where Mission Loans really shines. As one of the smaller companies in the field, they are able to offer homeowners a completely personalized customer service experience throughout the loan process, which is not always the case with larger lenders.
For Lower Credit Scores
Minimum Credit Score: 620
While Mission Loans does not directly state minimum credit score requirements on their website currently, the base-level requirement for most lenders is a score of 620, and this is what Mission requires for their other loan products. This is a relatively forgiving standard, making them a good option for homeowners with slightly lower credit scores.
For Higher Credit Scores
Considering their highly rated customer service and loan variety, Mission Loans is a great pick for homeowners with higher credit scores -- their customer experience is one of the best available.
