Founded in 1983, Gateway Mortgage is a full-service mortgage banker that originates, underwrites, funds, refinances, and services home loans.
Gateway Mortgage stands apart from competing lenders by offering a wide variety of mortgage loan types to meet the variety of needs of its borrowers. This includes offering standard purchase and refinance home loan options, as well as specialty loan program options, providing increased personalization to the loan process.
Continue reading for a complete review of this mortgage lender.
In order to better serve a greater number of consumers, Gateway Mortgage offers a wide variety of loan types for both purchasing and refinancing a mortgage loan.
Purchase loan options
Refinance loan options
Specialty loan programs
Gateway Mortgage offers a mobile app to help its borrowers track and monitor their mortgage from anywhere in the world using their smartphone or tablet.
To assist homebuyers and homeowners in the loan process Gateway Mortgage provides a number of tools and resources on its website, including mortgage calculators, blog articles, and downloadable guides.
These tools can ensure that you are knowledgeable about the mortgage loan process, but also give you an idea of the interest rate and loan term you might get based on your finances and provided information.
The Gateway Mortgage process is simple and customer support is provided each step of the way.
To begin the loan process, borrowers are encouraged to speak with a Gateway Mortgage loan officer to determine you can afford and which loan option will best fit your needs. Beyond this point, the loan application is filled out and completed online, after which the Gateway Mortgage team will take care of the rest, including underwriting and processing.
If you have questions or concerns at any point in the process, you can email and/or call customer service.
Gateway Mortgage is committed to providing mortgage services to all borrowers and communities, but it is also committed to supporting community development issues.
Gateway Mortgage has been involved with community and charity organizations for many years, but the Gateway Gives Back program is its biggest initiative yet. Through the year 2022, Gateway Mortgage plans to invest $275 million of financing in low-to-moderate income communities, underrepresented communities, and non-profit organizations supporting community development.
Gateway Mortgage does not provide an interest rate range or credit score requirement on its website, making it difficult for potential customers to discern whether or not the company is a good fit for them and their needs.
To check your rates, you will need to pre-qualify for a Gateway Mortgage loan. This application should only take a few minutes and shouldn't impact your credit score.
In addition, minimum down payment, closing costs, and additional fees are not made clear on the Gateway Mortgage website, making it difficult to know what other costs you may incur. However, it is likely that these costs and fees vary by loan type. But, closing costs generally range from 2 to 5 percent of the loan amount in the mortgage industry.
Gateway Mortgage does not lend in the following states:
While Gateway Mortgage plans to expand its services in the future, currently if you live in any of the states listed above you won’t be able to use Gateway Mortgage for your home loan needs.