Wyndham Mortgage is a Charlotte, North Carolina-based digital lender. The company was founded in 2001 and offers mortgage financing in most states and the District of Columbia. Wyndham Capital is a fintech mortgage lender that serves its consumers and loan officers through online technologies. However, unlike many other online lenders, Wyndham Capital processes, underwrites, closes, and funds all of its loans in-house. The loan process is paperless, as it is completed using an encrypted secure loan site with e-signature technology, which aids in the loan’s efficiency. Wyndham Capital is one of just 11 LendingTree Certified Lenders in the United States. It is also the only lender on LendingTree’s network whose Professional Mortgage Consultants are all certified.
It has funded more than $22.7 billion in mortgages and served more than 76,000 customers. Notably, Wyndham Mortgage provides a $10,000 limited guarantee (subject to specific conditions) to ensure loans finish on time, and there are no lender fees or hidden costs. Wyndham Mortgage also offers flexible underwriting to borrowers who have a history of making their mortgage payments but are unable to qualify for a mortgage or refinance. According to the lender, the average closure takes just under 40 days, with one-quarter of all closings happening fewer than 20 days.
Loans are available in Wyndham Mortgage
Fixed-rate, adjustable-rate; rate-and-term, cash-out, and streamline refinancing; home equity loan; non-QM; investment property
Loan types
- Conventional
- Jumbo
- Non-QM
- Home equity loan
- Rate-and-term, cash-out and streamline refinancing
- FHA
- VA
- USDA
- Fixed-rate
- Adjustable-rate
- Investment property
Availability across the country
Available in 47 states and the District of Columbia; not available in Hawaii, Massachusetts, or New York.
A minimum credit score is necessary
620 for traditional loans
Fees charged by lenders
There are no lender costs at Wyndham Capital Mortgage. However, there may be a cost for a rate-lock extension owing to delays.
Rates
Wyndham Capital Mortgage offers and updates rates on their website, which includes a comparison to other major lenders. You can receive a personalised rate quote online by filling out a form with your contact information and basic loan information.
Pros and cons
| Pros | Cons |
| Preapproval letters on demand and automated preapprovals | It is not possible to apply for financing in person. |
| Experience using e-closing for faster turnaround | There are no physical locations. |
| Borrowers are connected with a loan officer in real time to discuss their application. |
Services available online
Borrowers can apply online for a house loan with Wyndham Capital Mortgage, and the lender can issue a preapproval letter for a specific property on the spot. Its website includes mortgage and refinance calculators as well as other services, and it offers e-closings. To take advantage of the lender’s closing guarantee, join up for the lender’s loan management portal and complete the necessary steps within five business days.
Minimum standards for borrowers
Wyndham Capital Mortgage claims it normally focuses on four areas to qualify borrowers: income and debts (such as credit cards, vehicle loans, and student debt); assets; credit score and credit record; and loan-to-value ratio (LTV).
Wyndham Mortgage Refinance
Wyndham Capital Mortgage provides 10-, 15-, 20-, and 30-year mortgage refinancing, as well as cash-out and FHA and VA streamline refinance. Borrowers can start the process of obtaining a personalised rate and applying for a refinance online.
Wyndham Mortgage overall review score breakdown
5/5 for affordability
5/5 Availability
Borrower rating: 4.7/5
Conclusion
The editorial staff at Wytray assesses mortgage lenders on a scale of one to five stars based on a variety of characteristics relating to the lender’s products and services. Our partners compensate us, but our opinions are our own, and our ties with them have no bearing on our reviews. Here is our complete process.
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