Easy and simple Stearns Lending Loan Application guide

January 23, 2022 Anjali Latwal Banking, Finance

Are you digging through stacks of banking brochures, pamphlets, and web publications to find the best mortgage option for you? Do you want to take out a loan with the lowest possible interest rates and the quickest possible application process? If that’s the situation, you’ve come to the appropriate spot. Our article will provide you with a comprehensive overview of Stearns Lending, one of America’s top mortgage providers. We’ll walk you through the whole Stearns Lending application process and present you with all of the information you need to make an informed decision about a Stearns Lending bank loan.

What is Stearns Lending?

Stearns Lending LLC is a prominent correspondent mortgage lender based in Santa Ana, California. They originate and finance house loans in their own name. In reality, rather than being resold to another lender, the bulk of their loans are held and serviced by Stearns Lending.

Glenn Stearns, the current Chairman, launched Stearns Lending when he was just 25 years old in 1989. When Stearns Lending hired former MetLife Home Loans executive Brian Hale in 2012, he stepped down as CEO. Stearns Lending has backed more than $58 billion–representing 230,176 loans, in the previous few years, according to their website.

According to Bloomberg, Stearns Lending increased its manufacturing output by 23.8 percent year over year in 2014. The total volume of production was $16.190 billion.

This lender was acquired by Guaranteed Rate in early 2021 and is still known as Stearns Lending. Stearns Lending, like many nonbank lenders, provides customers in Washington, D.C., and all states except New York a selection of mortgage loan packages. While Stearns has a digital mortgage application procedure, rates and fees are not available online.

Stearns Lending Mortgage options

Stearns Lending has a presence in all 50 states as well as the District of Columbia. Home loans from Stearns are provided via a variety of mortgage programs, including:

  • Loans with a set interest rate
  • ARMs (adjustable-rate mortgages) with variable interest
  • 203k loans, insured by the Federal Housing Administration
  • Loans from the Veterans Administration
  • Jumbo loans
  • Loans from the USDA for rural areas

Stearns Lending does not publish or quote APR rates online or over the phone. They, like many other mortgage lenders, first build a picture of your finances and credit, then calculate your APR using Federal Reserve interest rates and your profile.

Stearns Lending also provides refinancing services and encourages prospective consumers to take advantage of the Home Affordable Refinance Program (HARP). The Federal Housing Finance Agency (FSFA) launched the program in 2009 to provide refinancing choices to homeowners who have seen their house value decline or are underwater. Mortgages held by Fannie Mae and Freddie Mac are also eligible. HARP offers qualified consumers lower interest rates, larger loan amounts, smaller monthly payments, and shorter loan periods.

Stearns Lending developed its own simplified approach to assist consumers in taking advantage of the HARP program. Borrowers can use the StearnsSaver option to input information on their existing mortgage, interest rates, and refinancing objectives. Personal coaching is promised at every stage, as well as the opportunity to close in 30 days.

Stearns Lending Loan application process

Stearns has a consumer-facing website that highlights their mortgages, as well as a mobile app called Stearns Digital that helps with the Stearns Lending application process. But first, you have to create an account on their website to get started. Follow the steps mentioned below to create an account on the Stearns Lending site:

  • Open the official website of Stearns Lending i.e. https://stearns.com/
  • Click on “Get Started” option present on the top right-hand corner.
  • Answer a few basic questions about what type of loan you want or are looking for.
  • Fill in the personal information like your name, mobile number, area pincode, etc.
  • Create a password for yourself.
  • Click on Next.
  • Your account is successfully created.

You can now enjoy all the online features offered by the Stearns Lending website.

The mobile app is available for download from the App Store or Google Play, but you’ll need a verification number from the lender to register your account and begin using it. You can use the app to upload and digitally sign documents, communicate with your loan officers, access loan data, and track the progress of your loan.

Also, follow our guide to get a Pre-approved Loan through MyInstantOffer

Transparency in Stearns Lending mortgage rates

On its website or on its mobile app, Stearns Lending does not provide mortgage rate information. You must contact the firm or a local office directly to get a pricing quotation.

How Does It Work?

If you’ve ever bought a house before, the Stearns process will be extremely familiar to you. It’s a standard house loan with standard procedures:

  • You’ll meet with a Stearns Lending loan officer to discuss your objectives and pre-qualify for a loan.
  • You’ll discuss your work, assets, and credit history. Those few items will kickstart the process.
  • The loan officer will identify the papers required to analyze your loan application for pre-approval.
  • An underwriter evaluates your information and decides your loan eligibility once you’ve submitted all of your paperwork.
  • When the underwriting is over, it’s time to start looking for a home.
  • An appraisal and title review are requested once you’ve chosen the right house.

Also, read our guide for Flagstar My loans login and loan application Process

Customer Portal at Stearns Lending

You can find it convenient to check your mortgage information online after you have a mortgage with Stearns Lending. Stearns Lending’s website has a Stearns Customer Portal, much like other organizations with a huge customer database. The Stearns Customer Portal is a brand-new feature on the Stearns website that launched in early March 2016.

Clients can use the customer site to handle and track their loan applications. Customers of Stearns can also upload images of pay stubs, bank statements, and other sensitive documents to the site. It’s a lot less work than keeping track of paper copies. Customers of Stearns lending can get loan statuses right away if they can’t wait for loan professionals to contact with updates. It’s the epitome of one-stop shopping.


Stearns Lending is a premier resource for all of your mortgage needs. You can avail of their services to get low-cost loans with low-interest rates. So this was all about our Stearns Lending application process guide. We do have many other loan application guide alternatives such as Freedom Mortgage and Caliber home loans for you to follow. Stay tuned for more!