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LAST UPDATED: April 18th, 2023

Priva Mortgage provides mortgage lending services to those looking to purchase a home or refinance their current mortgage rate. There are eight registered brokers eligible for assistance and licensing records indicate that the company can service clients in Texas and Minnesota. Priva Mortgage offers a wide range of products and resources to homebuyers. 

Clients can expect to go through a seamless and straightforward process. First, clients will find out just how much money can be borrowed. Then a broker will assist clients as they determine what loan program will work best. Clients will then apply for that specific loan and the processing of that application will begin. Finally, after all the paperwork has been approved, the loan can be closed.

Interested clients can get started with the Priva Mortgage service entirely online. Those with questions or concerns can reach out to one of the brokers individually to have those questions answered. 

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The Good

  • Mortgage Rate Options
  • Loan Programs
  • Loan Products
  • Online Application

Mortgage Rate Options

The mortgage rate a homeowner is anticipating to pay is a huge indicator in what company will be a best fit. Understanding that the needs and financial limitations of each client will vary, Priva Mortgage has offered a wide range of mortgage rate options. These include:

  • Fixed Rate — This is the most common mortgage rate option for home buyers. A fixed rate means that monthly principal and interest payments will not change throughout the duration of the loan.
  • Adjustable ARM — The adjustable-rate mortgage means that the interest rate will adjust during the loan’s lifetime depending on market conditions.
  • Interest Only — With interest only mortgage loans, borrowers will make monthly payments that strictly go towards the interest rates on the loan and not the principle for a period of time.
  • Graduated Payments — With graduated payment mortgages, payments will increase each year for a specific period of time.

By offering a variety of mortgage rate options, Priva Mortgage is likely to offer a solution for virtually any situation. 

Loan Programs

​Varying mortgage rates are not the only interest of home buyers. The actual programs available to home buyers through a mortgage company are also vital. Priva Mortgage understands this and offers a wide range of loan programs, including government-backed solutions. These loan programs include:

  • FHA Home Loan
  • VA Loan
  • USDA Loan
  • Jumbo Loan

While many lenders will offer FHA, VA, and USDA loan programs, not many have solutions for jumbo loans. Priva Mortgage offers jumbo loans for mortgages used to purchase properties that cost too much for a typical conventional loan. 

Loan Products

Many mortgage lenders strictly focus on clients getting ready to purchase a home or property. Priva Mortgage has expanded its product offering to include both purchase and refinancing clients. A lot of paperwork goes into a refinancing situation, so some lenders shy away from offering this service, but Priva Mortgage does not. 

Online Application

While Priva Morgage has brokers that clients will work with, the entire process can start and finish through the online portal. Interested clients can apply for a specific loan program or loan product entirely online and receive approval in as little as 10 days. Many mortgage lenders offer an online service, but few couple their online service with an available broker who is dedicated to assisting clients through the process.


The Bad

  • Service Area
  • Minimum Specifics

Service Area

Priva Mortgage claims that it services clients in both Texas and California. However, licensing information discloses that the company only has brokers who can operate in Texas and Minnesota. Outside of these two states, Priva Mortgage will not be able to assist through the loan process. Other mortgage lenders have larger service areas, but Priva Mortgage remains a small operation. 

Minimum Specifics

There are minimum requirements expected to be met by virtually all mortgage lenders, whether it is a minimum credit score or a minimum down payment or percentage that has to be met. Priva Morgage claims to assist those with poor credit standing (under 639) but approval in these circumstances is suspect.

Additionally, there is no information on what is expected of clients in terms of a minimum down payment. Whether that includes a percentage of the home price or a hard figure, this information is not disclosed publicly. Many mortgage lenders will make this information public to help clients get an idea of the baseline before the process begins. 


The Bottom Line

Priva Mortage provides lending services to clients looking to improve current living standards. The company offers a wide range of mortgage rate options which allow for high approval at better interest rates. Priva Mortgage clients will be able to take advantage of a number of loan programs available, including government-backed loans. The company offers mortgage and refinancing products to its clients. All of this work can be started online with assistance from a Priva Mortgage broker. 

While there are a number of reasons a client may want to utilize the service that Priva Mortgage offers, there are some restrictions to be aware of. First, Priva Mortgage is only licensed in Texas and Minnesota (despite making claims that it can offer loans in California). Additionally, almost all mortgage lenders require basic minimums to be met, but Priva Mortgage has not disclosed this information. 

Clients looking to buy or refinance a home in Texas or Minnesota and would like to use a government-backed loan would likely benefit from what Priva Mortgage has to offer. Outside of these specifics, homebuyers should consider multiple lenders. 

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