ClearPath Lending
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Founded in 2012, ClearPath Lending is a mortgage lender based out of California that serves its customers nationwide. ClearPath Lending is a company dedicated to making the home buying and selling process easy through its investment in advanced technology and focus on customer service.
ClearPath Lending offers VA loans and refinancing options that cater to veterans, active duty service members, or surviving spouses of veterans in addition to other traditional loan options.
Attention: ClearPath Lending is not licensed in all 50 states.
As of 2020, ClearPath Funding does not offer its services to borrowers in the state of Alaska, Washington, Oregon, Wyoming, Utah, North Dakota, South Dakota, Iowa, Montana, Mississippi, New York, Maine, New Hampshire, Vermont, Connecticut, Rhode Island, Maryland, Delaware, West Virginia.
Top Ranked Companies
The Good
- VA Loan Refinancing Options
- The Best Price Guarantee
- ClearPath Lending Loyalty Program
VA Loan Refinancing Options
ClearPath Lending makes it easy to refinance your current VA loan. It offers refinance services for nearly every type of home loan but specializes in refinancing for a VA loan with a service called VA IRRRL (interest rate reduction refinance loan).
ClearPath Lending will work with you to refinance your VA loan to a VA IRRL for a number of different qualifying reasons, including the following:
- Changing your rate from fixed to adjustable, or vice versa
- Lowering your interest rate
- Getting a cash out refinancing from your home’s equity
- Shortening the term of your loan
It's great to have a mortgage lender that is familiar and specializes with VA loans to guarantee that your needs are met.
The Best Price Guarantee
ClearPath Lending states on its website that it “guarantees the best pricing for your loan.” It aims to provide the best loan products and rates by doing everything it can to offer you a lower rate than its competitors.
To take advantage of the best price guarantee policy, call one of ClearPath Lending’s loan officers to get more information. It is best to approach the company after receiving offers and quotes from a few other mortgage lenders so that representatives have a better chance of securing you a lower rate than the competition for your VA loan.
In addition, take advantage of the VA loan mortgage calculator available on the ClearPath Lending website that makes it easier for you to get an estimate of your potential rate.
ClearPath Lending Loyalty Program
If you do become a borrower that takes advantage of the ClearPath Lending loyalty program, you can expect loan officers to be on the lookout for money saving opportunities in the future for you. For example, loan officers will patrol the market, and if there are lower rates available then they will notify you and help you secure a better rate.
In addition, the loyalty program offers a number of other benefits:
- No underwriting or processing fees
- Potentially defer up to two months of mortgage payments
- Close your loan in as little as two weeks
- Lower your current interest rate
It is rare for a mortgage lender to offer such great benefits with a loyalty program. Joining its loyalty program could potentially save you a lot of money and stress.
The Bad
- Few VA Loan Benefits
Few VA Loan Benefits
While ClearPath Lending does offer VA loan and VA loan refinancing options, it does not offer as many advantages and benefits compared to some other mortgage lenders. For example, Caliber Home Loans has dedicated substantial time and attention to helping veterans. It is a dedicated Military Friendly® company that goes above and beyond to offer a wider variety of tools and resources in comparison to other mortgage lenders.
ClearPath Lending does provide necessary and quality mortgage services and products to the veteran community, but there are other lenders that specialize in veteran financial assistance more. Personal preference is the deciding factor if that extra assistance is important or not.
The Bottom Line
ClearPath Funding has comprehensive loan options, services, and tools that make it easy for army veterans and spouses to qualify for a VA loan. If finding the best rate is important to you, you will love the company's best price guarantee and its dedication to finding the best VA loan rate for borrowers.
Consider talking with one of ClearPath Funding’s representatives to see if they will be able to best help you in your current home buying situation, or if other lenders with a more veteran-focused company may be a better fit for you.
