Guide to PrimeLending login & application process

Looking for a home loan can be both time-consuming and mind-boggling. It is not a hidden truth that you have to go through tens, if not hundreds of banking pamphlets, articles, and booklets to find the best option for you. And on top of that, the hefty application process and hours of valuable time spent in doing paperwork. But what if we told you that we’ve made it all easy for you? Yes, you heard it right! In this PrimeLending application and login process guide, we’ve listed all the steps that you have to take in order to get the best loan available with the cheapest rate of interest and minimum application process time.

What is PrimeLending?

PrimeLending is one of the primary subsidiaries of Hilltop Holdings Inc which is a financial holding company based out of Dallas, Texas. PrimeLending is a nationwide residential mortgage originator that offers house loans, home remodeling loans, and mortgage refinancing as a direct subsidiary of PlainsCapital Bank.

Since 2012, PrimeLending has been a Top 10 purchase lender based on purchase units. In 2020, it claimed to originate $23 billion in loans. The President and CEO of Prime Lending is Steve Thompson.

PrimeLending has around 300 sites in the United States as of December 2021, with roughly 1,250 loan officers. In all 50 states and the District of Columbia, PrimeLending is licensed to originate and complete loans. Many of the loans that PrimeLending creates are sold on secondary markets. It offers the following features:

• Conventional
• Loans with fixed and adjustable rates
• Home loans from the Veterans Administration
• FHA-insured mortgages
• Jumbo mortgages are a kind of house loan that is larger than
• Home loans from the USDA
• Loans for home renovations
• Services for relocation

The company was created in 1986 and began operations with a team of 20 people. It claimed to produce US$ 80 million in house loans in its first year. PlainsCapital Corporation bought PrimeLending in 1999. Hilltop Holdings purchased PlainsCapital Corporation and its operating companies, including PrimeLending, on November 30, 2012. PlainsCapital Bank now owns PrimeLending and runs it as a subsidiary.

Also read: Get a quick home loan with lowest interest rate at Freedom Mortgage Loan

Types of loans offered by PrimeLending

PrimeLending has a strong web presence and a wide range of lending choices, particularly for home improvements. Fixed-rate and customizable loans, conventional and jumbo home loans, and loans guaranteed by the Department of Veterans Affairs, Federal Housing Administration, and the United States Department of Agriculture are all available via PrimeLending. The lender offers refinancing but not home equity loans or home equity lines of credit (commonly known as HELOCs).

PrimeLending offers a variety of specialty loan products, including

• energy-efficient mortgages,
• FHA 203(k) rehabilitation loans, and
• pool escrow loans.

PrimeLending also offers prefabricated house mortgages and home development financing.

Special features of PrimeLending

The NeighborhoodEdge initiative is one of PrimeLending’s standout features. PrimeLending says it does not aggressively market the program on its website since it is restricted to 17 states, but it can be found via a search. With some income and geography limits, qualified low- to moderate-income consumers can earn up to $2,000 in closing cost credits.

PrimeLending claims to employ an “alternative doc” method in certain situations, evaluating bank transactions rather than tax returns to establish a borrower’s capacity to repay.

Also Read: How to apply for Quicken Loans?

PrimeLending Application and Login Process

The PrimeLending application and login process are quite simple. If you’re looking for a loan on your own, you can start by going to the website’s “Connect with a loan specialist” section.

You can finish the application on your smartphone, tablet, or desktop. While you may speak with a loan officer, PrimeLending’s online approach enables you to upload papers directly into a secure system, utilize e-signature, and get reminders and updates along the route.

To login to your PrimeLending account, follow the following steps:

• First of all, you need to make an account on the Primelending website.
• You can go to their official website and enter your basic details, and then your choice for the loan.
• After entering all the required details, you can choose a password.
• After that, just click on Submit.
• Voila, your Primlending account is ready for you to use.

Start your PrimeLending online application process, follow the steps mentioned below:

• Apply & gather financials
• After that, link your bank accounts quickly and securely, and submit any relevant papers.
• You can also use your mobile device to speed up the process by taking images.
• The next step is property appraisal and verification.
• The property will be appraised by a specialist, and a legal search of the property title will be conducted.
• Before making a decision, PrimeLending’s experts will analyse your loan and any additional documentation, as well as answer any questions you may have. You can keep track of your loan’s progress at any time, and they will stay in touch with you through text, email, or phone call.
• They will give you your closing paperwork through email a few days ahead of time so you can examine them. Most of your paperwork can be signed online on closing day using a smartphone, computer, or tablet, which substantially speeds up the process. You’ll be ready to close and enjoy your new home in a few clicks.

Also, follow our guide for the Guild Mortgage Loan application and login process

How to lower the cost of your loan?

Understanding the cost of the loan is one of the most significant factors to consider when selecting a mortgage provider. Borrowers should think about how lender fees and mortgage rates interact. While this isn’t always the case, paying upfront fees might help you save money on your mortgage. To cut their reported interest rate and make it more appealing, some lenders might demand larger upfront costs.

• To lower your mortgage rate, you can purchase discount points, which are charge paid along with your closing fees.
• You can also consider how long you want to live in your house and how much money you have to put toward closing expenses when you sign the loan papers to decide if you want to pay greater upfront fees.

Transparency in PrimeLending mortgage rates

It’s normal to seek mortgage rates on a lender’s website while beginning the loan shopping process. PrimeLending.com, on the other hand, does not have any. PrimeLending is unique in that it offers a “float-down” interest rate alternative. If interest rates decrease before your loan closes and you’ve already locked in a rate, you may take advantage of the reduced rate. A price can be charged for the float-down option.

Conclusion: PrimeLending is a top company that offers your various options when it comes to buying a house with the help of loans. You can go through their website along with our prime lending application process guide to know more.