We make lower happen—Lower fees. Lower rates. Lower interest. Lower payments. Lower hassle. So our borrowers get a better mortgage experience, for less. With Lower.
Absolutely great working with Tyler at Lower Mortgage during our refinance. Extremely pleasant and always available when needed. Excellent and professional timely service. Thank you Tyler
Loved working with steve. Highly recommend and will work with him again. I actually refied my home and then later worked with him on a purchase as well and both transactions were easy. He was transparent and attentive which is important!!
I have closed two mortgages and two refinances, this refinance was by far the easiest process of them all. Owen Dysart was my loan advisor and he was great. He was easy to get in touch with, for questions. I feel like he really got me the best rate and deal he could. I would absolutely recommend them to anyone looking to refinance their mortgage!
Less than thirty days to close.
Great rate. I gave other lenders a fair shot to beat LOW**.COM
Good support through process.
Will continue to recommend LOW**.COM
Ask for Robert Warne.
They have a great repeat customer program!
I will use LOW**.COM again.
Nathan Kanam and he was ultra-responsive and got my refi and HELOC approved and closed in RECORD TIME!
Lower.com is currently licensed in 27 U.S. states plus the District of Columbia. Those states are:
Most borrowers will likely start the mortgage application online rather than meeting with a loan officer in person. The application process is mostly digital, and upon completion of very basic information on the website, a loan officer contacts the customer by phone or email to go over possible options.
Lower.com only lends on the following types of properties:
Lower.com does not lend on the following types of properties:
Properties can be owner-occupied, second homes or investments.
Lower.com also offers manual underwriting, which may be helpful for borrowers who don’t meet all the lender’s requirements but have compensating factors that make them good loan candidates.
According to Lower.com, what sets the company apart from other lenders is its use of artificial intelligence (AI) to help recommend the right mortgage products. Its proprietary LOAi application uses AI to recommend products based on what other consumers with similar attributes have chosen. This helps ensure customers access a good rate with a vetted lender, no matter the experience level of their loan officer, according to a company spokesperson.
Lower.com offers a variety of products for purchasing a home, refinancing a mortgage or tapping home equity.
One noteworthy product is a 5/5 ARM — a hybrid adjustable-rate mortgage for which the interest rate is fixed for the first five years of the loan and can then go up or down every five years. This program allows consumers to borrow up to $1 million with a down payment as low as 5% on a primary residence.
Lower.com does not currently offer reverse mortgages or high loan-to-value refinancing.
Free refinancing for the life of your loan: You can refinance into a lower interest rate without lending fees. Keep in mind, however, that other fees may still apply.
The mortgage process is mostly electronic, allowing customers to virtually sign all but the final closing documents. Here is a brief overview of the process:
After the initial online application process, a loan officer will contact you to guide you through loan selection and the final approval and closing. The loan advisor will be your primary contact throughout the process for any program, rate or fee questions.
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.