J.G. Wentworth Home Lending Mortgage Review

About Freedom Mortgage Corporation

Freedom Mortgage Corporation

Since 1990, Freedom Mortgage has fostered homeownership across the United States. We are the #1 VA lender, #1 FHA lender in America and the 6th largest residential lender. Freedom Mortgage specializes in mortgages that help you buy or refinance a home and we are particularly focused on helping our military service men and women realize the American dream of homeownership. We have more than 1.50 million customers and are licensed in all 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands. Freedom Mortgage Corporation, 907 Pleasant Valley Avenue, Mount Laurel, NJ08054. Lender NMLS ID: 2767.

review breakdown

Recommended
98%
Interest Rates
Fees & Closing Cost
Customer Service
Responsiveness

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What is J.G. Wentworth Home Lending?

The J.G. Wentworth Company was founded in 1992 as a bank and financial services company. In 2015, the company purchased WestStar Mortgage and got into the mortgage lending business. J.G. Wentworth is headquartered in Chesterbrook, Penn.; and in 2017, it closed approximately $3.8 billion in loans.


Working with J.G. Wentworth

J.G. Wentworth is currently licensed to do business in 46 states and Washington, D.C.

  • Alabama
  • Alaska
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

The company has home lending branch locations in 16 states: Arizona, California, Connecticut, Delaware, Florida, Georgia, Kansas, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, Pennsylvania, Texas and Virginia.

J.G. Wentworth offers a variety of loan programs, so the minimum credit score required may vary depending on the type of mortgage you’re looking for. For an FHA loan, the minimum credit score required is 580. Other loan programs may require higher minimum scores.

If you don’t meet traditional requirements for a loan but have compensating factors that might make you a good candidate for a mortgage, the company offers manual underwriting that can increase your chance of getting approved.

J.G. Wentworth issues loans for:

  • Single-family homes
  • Multi-family homes (2 to 4 units)
  • Condominiums

The company may also offer loans on co-ops and manufactured homes, but details are not available on the website.


J.G. Wentworth Home Lending products

J.G. Wentworth Home Lending offers a variety of fixed and adjustable-rate mortgages for purchasing or refinancing a home, or tapping your home’s equity.

Purchase

Refinance

Home equity


The mortgage application process

To start the application process, you’ll need to speak to a home loan specialist. You can talk to someone by calling 833-755-0521 or by clicking the Get My Rate button on the J.G. Wentworth Home Lending page, answering a few basic questions and providing your contact information so a home loan specialist can follow up with you.


Pros and cons of a J.G. Wentworth mortgage

Pros

  • Wide variety of products. J.G. Wentworth offers a variety of loan programs, including conventional, FHA, USDA and VA-backed mortgages, home improvement loans and loans for vacation and investment properties.
  • Convenient rate quotes. After providing some basic information on the property you want to buy or refinance and your estimated credit score, you can get an estimated interest rate for a 30-year fixed, 15-year fixed or 5/1 ARM mortgage. You don’t have to provide contact information to get an idea of the kind of rates the company offers.
  • Offers manual underwriting.

Cons

  • Loan officers are not available in all states.

Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.

The information in this article is accurate as of the date of publishing.