PreferredRate.com is the online hub for , a division of American Pacific Mortgage (APM). The platform is designed to demystify the mortgage process by providing users with direct access to loan officers, educational resources, and a simplified application portal.
Navigating the complexities of home financing requires a partner that combines expertise, speed, and integrity. , operating through PreferredRate.com , has established itself as a prominent national mortgage lender focused on delivering tailored loan solutions. Whether you are a first-time homebuyer, looking to refinance, or seeking specialized loan programs, understanding what Preferred Rate offers is crucial for your financial journey.
(specializing in benefits for veterans and active military) Jumbo Loans (for higher-priced properties) The PreferredRate.com Advantage: Why Choose Them? Speed and Efficiency
A: Yes, Preferred Rate is a legitimate mortgage broker that has been in business since 1996. It is based in Santa Ana, California, and is licensed to operate in 49 states.
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| Feature | Preferred Rate | Industry Average (Typical Lender) | |---------|----------------|-------------------------------------| | Minimum credit score (Non-QM) | | 620–640 | | Minimum down payment (Community Lending) | 3% | 5%–20% | | Maximum loan-to-value ratio | 97% | 80%–95% | | Maximum conventional loan amount | $510,400 | Varies by county | | Jumbo loan availability | Up to $3.5M | Varies | | Prepayment penalty | Yes | Often no, but varies | | Origination fee | Yes | Common in industry |
| Advantage | Details | |-----------|---------| | | Offers conventional, FHA, VA, USDA, jumbo, Non-QM, DSCR, renovation, reverse, and bridge loans | | Low credit score options | Non-QM loans available for borrowers with FICO scores as low as 600 | | Low down payment | Community Lending program allows as little as 3% down | | High LTV ratio | Maximum loan-to-value ratio of 97% (higher than average) | | Foreign national friendly | ITIN borrowers are accommodated | | Investor-focused | DSCR loans based on property cash flow, not personal income | | Local presence | Loan officers embedded in communities across 31 states | | Mobile app | Streamlined digital application and document upload process |
If you visit , you’ll immediately notice the company’s tagline: a “trusted, local APM division that caters to the specific needs of your community”. This means that while they have the resources and stability of a large lender, their loan officers are embedded in the areas they serve, with a mission to “create experiences that matter while serving your home financing needs”. preferredratecom
You’ve earned the rate. Now get it.
Your Home. Your Future. * 49 States. Licensed to operate. * 304 Specialists. Dedicated loan. * 100+ Options. Loan programs to fit. Preferred Rate About - Preferred Rate
Getting started with PreferredRate.com is designed to be streamlined. Prospective homebuyers can:
Mortgage, refinance, personal loan, or auto? Select what you need. PreferredRate
You are never obligated to accept an offer. This allows you to shop Annual Percentage Rates (APRs) side-by-side. Even a 2% difference on a $20,000 loan over 5 years translates to over $1,000 in savings.
With a reported 95% satisfaction rate among homebuyers, the company focuses on delivering a superior customer experience. How to Get Started with Preferred Rate
A: You can start by visiting their website at . From there, you can use their mortgage calculator, set a rate alert, or locate a loan officer to begin the pre-approval process.