Caliber’s website provides a list of the types of loans they offer. Each has a brief summary of its perks and benefits, along with an overview of the requirements for each loan program, such as minimum down payment, credit score, and property type. Educational resources and an FAQ section are also available addressing purchasing, refinancing, mortgage basics for first-time home buyers, and renovation loans.
Caliber does not provide any information on its website about what fees or interest rates you can expect to pay. A quick quote option is available on the payday loans direct lender Ohio website, but instead of providing information about rates or fees, it directs customers to contact a Caliber loan consultant by phone or complete a full loan application online.
We spoke with a loan consultant at Caliber and were told that this is because rates and fees can vary depending on the customer and loan scenario. Additionally, instead of recommending a traditional product, they can also explore non-traditional options to tailor a loan product that will work best for the customer. The downside is, you’ll need to go through the application process and a hard credit check to get Caliber rates or fees. Keep in mind a hard credit check can lower your credit score a few points.
Caliber Home Loans: Rates and Fees
Since Caliber only provides customized rate quotes based on a customer’s specific scenario, a hard pull is required to obtain a Loan Estimate with rate or fee information. Continue reading