Allied Mortgage Group Review 2024

Allied Mortgage Group overview

Allied Mortgage Group is a mortgage lender with both branch and online service. The lender was founded in 1993 and is headquartered in Bala Cynwyd, Pennsylvania, with brick-and-mortar locations in California, Connecticut, Florida, Maryland, Massachusetts, Nevada, New Jersey, New York, North Carolina and Pennsylvania. The lender provides fixed-rate and adjustable-rate mortgages (ARMs), interest-only mortgages, mortgages for self-employed workers and mortgages for some borrowers who recently lost their home but have good credit. It also offers FHA, VA and USDA mortgages.

Pros and cons of Allied Mortgage Group

How Bankrate scored Allied Mortgage Group

• Affordability: Allied Mortgage Group doesn’t charge fees, but you’ll need to request a quote directly from the lender in order to compare offers and rates.
• Availability: Allied Mortgage Group offers the full suite of home loan products, including those for self-employed borrowers and non-QM options.
• Borrower experience: This lender has an A+ rating from the Better Business Bureau and high marks from customers on Bankrate.

Affordability: 10/10

Allied Mortgage Group doesn’t charge any lender fees. The lender doesn’t showcase its current interest rates online, however; if you want a rate quote, you’ll have to fill out an online form and wait to be contacted for more information.

Availability: 9.2/10

One of Allied Mortgage Group’s strengths: an array of loan programs for many different types of borrowers. The lender operates in more than half of U.S. states. Be sure to check whether it works with borrowers in your location before you set out to request a quote.

Borrower experience: 8/10

Allied Mortgage Group has been in operation for more than 25 years and has an A+ rating from the Better Business Bureau. You can start the application process with Allied Mortgage Group by filling out a simple form online describing the type of loan you’re looking for, though you’ll have to create an account on the site before you can access the form. The lender doesn’t specify whether you can complete the entire lending process online. If you need help with your application or other aspects of navigating the lender’s website, there’s no option for online support; you’ll need to fill out a contact form and wait for a response, or call.

How to apply for a mortgage with Allied Mortgage Group

You can apply for a mortgage with Allied Mortgage Group in person at a branch location, online or by phone at 877-448-2745. Here are some tips to prepare for the process:

1. Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.
2. Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
3. Provide details about the property. You’ll need to provide the address of the home and submit to an appraisal. (If you’re refinancing, you might or might not need an appraisal.)

Refinancing with Allied Mortgage Group

Allied Mortgage Group offers both rate-and-term and cash-out refinancing options. However, the rates and fees for these aren’t available online. Instead, you’ll need to complete a form and wait for a call from a loan officer.

• Methodology

  To determine a mortgage lender's Bankrate Score, Bankrate rates lenders on a scale of one (1) to five (5) stars — with five (5) the highest rating — based on a variety of factors relating to the lender's products and services. To assign our ratings, we assessed each mortgage lender across three core areas:

  • Affordability: Annual percentage rate (APR) - 80%; assistance for first-time homebuyers - 10%; down payment - 10%
  • Availability: Loan products - 50%; licensing - 40%; credit score - 10%
  • Borrower experience: Rate transparency - 45%; customer service - 25%; convenience - 10%; days to close - 10%; rate locks - 10%; reputation (bonus)

  
  Learn more about our methodology.

  How we suggest lenders to compare

  To help you make the most informed decisions, our editorial team suggests two (2) alternative mortgage lenders for each lender reviewed in our comparison table. In most cases, these alternatives 1.) share the same strength (affordability, availability or borrower experience) as the lender reviewed; and 2.) rate highly for Bankrate Score. In the event more than two lenders meet these standards, we suggest the ones with the lowest APRs.