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Wyndham Capital Mortgage Review 2023<!-- wp:html --><p class="headline-regular financial-disclaimer">Insider's experts choose the best products and services to help make smart decisions with your money (<a href="https://www.businessinsider.com/personal-finance/personal-finance-editorial-standards" class="not-content-link" target="_blank" rel="noopener">here’s how</a>). In some cases, we receive a commission from <a href="https://www.businessinsider.com/personal-finance/our-partners" class="not-content-link" target="_blank" rel="noopener">our partners</a>, however, our opinions are our own. Terms apply to offers listed on this page.</p> <p><strong>The bottom line: </strong>Wyndham Capital Mortgage Mortgages - Product Name Only is a solid <a href="https://www.businessinsider.com/personal-finance/best-online-mortgage-lenders">online lender</a> with great customer reviews and a tech-focused approach to the mortgage process. But its mortgage offerings are fairly basic.</p> <h2>Overall lender rating</h2> <p>FeatureInsider rating (out of 5)Loan types3.5Affordability4Customer satisfaction4.84Trustworthiness5Total4.34</p> <h2>Pros and cons</h2> <p><strong>Pros</strong><strong>Cons</strong></p> <p>Offers a completely remote closing experience in states that allow digital closings</p> <p>Doesn't charge lender fees</p> <p>Get a $5,000 credit if the lender fails to close your loan on time</p> <p>Loan options are somewhat limitedYou'll need to provide contact information to see ratesMortgages aren't available in Hawaii, Massachusetts, or New York</p> <h2>Wyndham Capital Mortgage interest rates and fees</h2> <p>Wyndham Capital Mortgage doesn't display any sample rates on its website. To get a customized rate quote, you'll need to provide some basic information about your situation and your name, email, and phone number.</p> <p>According to its website, Wyndham Capital doesn't charge any lender fees, including junk fees, application fees, processing fees, or underwriting fees. Keep in mind, though, that you will still need to pay third-party fees as part of your <a href="https://www.businessinsider.com/personal-finance/what-are-mortgage-closing-costs">closing costs</a>. </p> <div class="insider-raw-embed"> <div class="myFinance-widget"></div> </div> <h2>Compare to other mortgage lenders</h2> <h3>Wyndham Capital Mortgage vs. Rocket Mortgage</h3> <p class="copyright">Wyndham Capital Mortgage</p> <p class="copyright">Rocket Mortgage</p> <p><strong>Types of mortgages</strong></p> <p>Conforming, FHA, VA, USDA, jumbo</p> <p><strong>Types of mortgages</strong></p> <p>Conforming, FHA, VA, jumbo</p> <p><strong>Standout feature</strong></p> <p>Digital closing</p> <p><strong>Standout feature</strong></p> <p>Customer service</p> <p>Wyndham Capital Mortgage Mortgages - Product Name Only<strong>Rocket Mortgage by Quicken Loans - Product Name Only</strong></p> <p><a href="https://www.businessinsider.com/personal-finance/rocket-mortgage-review">Rocket Mortgage</a> and Wyndham Capital both have similar mortgage offerings and emphasize a convenient online experience. Rocket is one of our <a href="https://www.businessinsider.com/personal-finance/best-mortgage-lenders">favorite mortgage lenders</a> and our top pick for <a href="https://www.businessinsider.com/personal-finance/best-mortgage-refinance-lenders">refinancing</a>. It also earned the No. 1 spot in <a href="https://www.jdpower.com/business/press-releases/2022-us-mortgage-origination-satisfaction-study" target="_blank" rel="noopener">J.D. Power's 2022 US Mortgage Origination Satisfaction Study</a>, which measures customer satisfaction.</p> <p>If you're looking for a USDA loan, Wyndham Capital would be the better choice between the two, since Rocket Mortgage doesn't offer these types of mortgages. You might also prefer Wyndham Capital if you want a fully remote digital closing.</p> <h3>Wyndham Capital Mortgage vs. Carrington Mortgage Services</h3> <p class="copyright">Wyndham Capital Mortgage</p> <p class="copyright">Carrington Mortgage Services</p> <p><strong>Types of mortgages</strong></p> <p>Conforming, FHA, VA, USDA, jumbo</p> <p><strong>Types of mortgages</strong></p> <p>Conforming, FHA, USDA, VA, jumbo, Carrington Flexible Advantage</p> <p><strong>Standout feature</strong></p> <p>Digital closing</p> <p><strong>Standout feature</strong></p> <p>Carrington Flexible Advantage mortgage</p> <p>Wyndham Capital Mortgage Mortgages - Product Name Only<strong>Carrington Mortgage Services - Product Name Only</strong></p> <p><a href="https://www.businessinsider.com/personal-finance/carrington-mortgage-services-review">Carrington Mortgage Services</a> is an excellent choice for <a href="https://www.businessinsider.com/personal-finance/low-credit-score-mortgage-lenders">borrowers with low credit scores</a> or rocky credit histories. Carrington accepts scores as low as 500 on some of its mortgages. With its Carrington Flexible Advantage loan, borrowers with recent events such as bankruptcy or foreclosure on their credit reports may still qualify for a mortgage.</p> <p>Those who have slightly higher scores may prefer Wyndham Capital for its convenient online process or lack of lender fees. And FHA borrowers can get a mortgage from Wyndham with scores as low as 580.</p> <div class="insider-raw-embed"> <div class="myFinance-widget"></div> </div> <h2>How Wyndham Capital Mortgage works</h2> <p>To get a mortgage with Wyndham Capital Mortgage, you'll start an application online. You can also connect with a loan officer over the phone if you prefer.</p> <p>Wyndham Capital mortgages are available in 47 states and Washington, DC. You can't get a mortgage from this lender in Hawaii, Massachusetts, or New York.</p> <p>Wyndham Capital Mortgage offers <a href="https://www.businessinsider.com/personal-finance/conforming-loans">conforming</a>, <a href="https://www.businessinsider.com/personal-finance/fha-loan">FHA</a>, <a href="https://www.businessinsider.com/personal-finance/va-loans">VA</a>, <a href="https://www.businessinsider.com/personal-finance/usda-loan">USDA</a>, and <a href="https://www.businessinsider.com/personal-finance/what-is-a-jumbo-loan">jumbo mortgages</a>.</p> <p>Borrowers in states that allow remote notarization can complete their closing with this lender digitally, meaning you won't need to sign any documents in-person. Wyndham Capital guarantees a $5,000 closing cost credit if it is at fault for your not closing on time. To be eligible for this credit, you'll need to meet certain conditions including providing documentation within a certain timeframe.</p> <p>Wyndham Capital doesn't charge lender fees. </p> <h2>Is Wyndham Capital Mortgage trustworthy?</h2> <p>Wyndham Capital Mortgage currently has an <a href="https://www.bbb.org/us/nc/charlotte/profile/mortgage-banker/wyndham-capital-mortgage-inc-0473-114557" target="_blank" rel="noopener">A+ rating</a> from the Better Business Bureau. BBB ratings are based on responses to customer complaints, honesty in advertising, and transparency about business practices.</p> <p>On its <a href="https://www.zillow.com/lender-profile/WyndhamCapital/" target="_blank" rel="noopener">Zillow lender profile</a>, Wyndham Capital has a 4.84 out of 5-star rating, based on 1,416 online customer reviews.</p> <h2>Wyndham Capital Mortgage FAQ</h2> <h3 class="faq-question">Who owns Wyndham Capital Mortgage?</h3> <p class="faq-answer">Wyndham Capital Mortgage was founded in 2001 by current CEO Jeff Douglas.</p> <h3 class="faq-question">How many employees does Wyndham Capital have?</h3> <p class="faq-answer">According to its website, Wyndham Capital currently has 350 employees.</p> <h3 class="faq-question">Is Wyndham Capital a direct lender?</h3> <p class="faq-answer">Yes, Wyndham Capital is a direct mortgage lender. This differs from a <a href="https://www.businessinsider.com/personal-finance/mortgage-broker">mortgage broker</a>, which is a professional who works independently and helps borrowers compare offers from multiple lenders.</p> <div class="read-original">Read the original article on <a href="https://www.businessinsider.com/personal-finance/wyndham-capital-mortgage-review">Business Insider</a></div><!-- /wp:html -->

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page.

The bottom line: Wyndham Capital Mortgage Mortgages – Product Name Only is a solid online lender with great customer reviews and a tech-focused approach to the mortgage process. But its mortgage offerings are fairly basic.

Overall lender rating

FeatureInsider rating (out of 5)Loan types3.5Affordability4Customer satisfaction4.84Trustworthiness5Total4.34

Pros and cons

ProsCons

Offers a completely remote closing experience in states that allow digital closings

Doesn’t charge lender fees

Get a $5,000 credit if the lender fails to close your loan on time

Loan options are somewhat limitedYou’ll need to provide contact information to see ratesMortgages aren’t available in Hawaii, Massachusetts, or New York

Wyndham Capital Mortgage interest rates and fees

Wyndham Capital Mortgage doesn’t display any sample rates on its website. To get a customized rate quote, you’ll need to provide some basic information about your situation and your name, email, and phone number.

According to its website, Wyndham Capital doesn’t charge any lender fees, including junk fees, application fees, processing fees, or underwriting fees. Keep in mind, though, that you will still need to pay third-party fees as part of your closing costs

Compare to other mortgage lenders

Wyndham Capital Mortgage vs. Rocket Mortgage

Types of mortgages

Conforming, FHA, VA, USDA, jumbo

Types of mortgages

Conforming, FHA, VA, jumbo

Standout feature

Digital closing

Standout feature

Customer service

Wyndham Capital Mortgage Mortgages – Product Name OnlyRocket Mortgage by Quicken Loans – Product Name Only

Rocket Mortgage and Wyndham Capital both have similar mortgage offerings and emphasize a convenient online experience. Rocket is one of our favorite mortgage lenders and our top pick for refinancing. It also earned the No. 1 spot in J.D. Power’s 2022 US Mortgage Origination Satisfaction Study, which measures customer satisfaction.

If you’re looking for a USDA loan, Wyndham Capital would be the better choice between the two, since Rocket Mortgage doesn’t offer these types of mortgages. You might also prefer Wyndham Capital if you want a fully remote digital closing.

Wyndham Capital Mortgage vs. Carrington Mortgage Services

Types of mortgages

Conforming, FHA, VA, USDA, jumbo

Types of mortgages

Conforming, FHA, USDA, VA, jumbo, Carrington Flexible Advantage

Standout feature

Digital closing

Standout feature

Carrington Flexible Advantage mortgage

Wyndham Capital Mortgage Mortgages – Product Name OnlyCarrington Mortgage Services – Product Name Only

Carrington Mortgage Services is an excellent choice for borrowers with low credit scores or rocky credit histories. Carrington accepts scores as low as 500 on some of its mortgages. With its Carrington Flexible Advantage loan, borrowers with recent events such as bankruptcy or foreclosure on their credit reports may still qualify for a mortgage.

Those who have slightly higher scores may prefer Wyndham Capital for its convenient online process or lack of lender fees. And FHA borrowers can get a mortgage from Wyndham with scores as low as 580.

How Wyndham Capital Mortgage works

To get a mortgage with Wyndham Capital Mortgage, you’ll start an application online. You can also connect with a loan officer over the phone if you prefer.

Wyndham Capital mortgages are available in 47 states and Washington, DC. You can’t get a mortgage from this lender in Hawaii, Massachusetts, or New York.

Wyndham Capital Mortgage offers conforming, FHA, VA, USDA, and jumbo mortgages.

Borrowers in states that allow remote notarization can complete their closing with this lender digitally, meaning you won’t need to sign any documents in-person. Wyndham Capital guarantees a $5,000 closing cost credit if it is at fault for your not closing on time. To be eligible for this credit, you’ll need to meet certain conditions including providing documentation within a certain timeframe.

Wyndham Capital doesn’t charge lender fees. 

Is Wyndham Capital Mortgage trustworthy?

Wyndham Capital Mortgage currently has an A+ rating from the Better Business Bureau. BBB ratings are based on responses to customer complaints, honesty in advertising, and transparency about business practices.

On its Zillow lender profile, Wyndham Capital has a 4.84 out of 5-star rating, based on 1,416 online customer reviews.

Wyndham Capital Mortgage FAQ

Who owns Wyndham Capital Mortgage?

Wyndham Capital Mortgage was founded in 2001 by current CEO Jeff Douglas.

How many employees does Wyndham Capital have?

According to its website, Wyndham Capital currently has 350 employees.

Is Wyndham Capital a direct lender?

Yes, Wyndham Capital is a direct mortgage lender. This differs from a mortgage broker, which is a professional who works independently and helps borrowers compare offers from multiple lenders.

Read the original article on Business Insider

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