123 Loan

123 Loan is a nationwide, internet based mortgage lender.  Their loans range from $15,000 to $150,000.  They have a highly secure online information request system that only takes a few minutes.  After you have completed and submitted your application, you will receive a call from a consultant within a few business hours.  The consultant will explain all your options, and there are no strings attached.  123 Loan prides itself on being ethical and professional.

123 Loan advertises a few benefits that you will receive if you apply for a loan with them, even if you don’t accept their offer.  You will receive a free copy of your credit report when you allow them to compute your monthly savings with them in comparison to other companies.  Depending on the loan program you apply for, you may even receive a free home value analysis.  Both of these tools can be helpful in your quest for a loan, even if you do not decide to accept a loan from 123 Loan.

Applying for a Mortgage Loan at 123 Loan

When you apply for a loan with 123 Loan, you complete their Express Application, which asks for a minimal amount of information.  They ask for your name, address, phone number, social security number, email, income, and maybe a few other bits of information, depending on the loan you are applying for.  123 Loan does admit that they will share your information with third parties for advertising and demographic purposes.  They assure you that none of your personal identifying information will be shared, but it is important to note that they do not have a FDIC logo anywhere on their website.

123 Loan Mortgage Loan Options

123 Loan offers the standard mortgage options.  They offer Fixed Rate Mortgages and Adjustable Rate Mortgages in varying terms.  They offer Interest Only Loans, refinance options, and debt consolidation.  123 Loan also offers No Equity and No Income Documentation loans to a great deal of their customers.

Almost all state laws require that an online mortgage company must have an office in each state it operate in and/or must be licensed in that state.  123 Loan has licenses in Arizona, California, Colorado, Connecticut, Florida, Hawaii, Idaho, Maryland, Michigan, Missouri, Nevada, New Mexico, Ohio, Oklahoma, Oregon, Texas, Utah, Virginia, and Washington.

Like any reputable mortgage company, 123 Loan is an Equal Housing Lender.  This simply means that they are proud to follow Title VIII of the Civil Rights Act of 1968.  They do not discriminate against clients based on their color, race, national origin, religion, sex, family status, or disability.

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.

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