Allied Home Mortgage Capital Corporation

These guys do have some very good rates.

I visited their website www.alliedez.com after I saw the ad in the Homes and Land magazine. I did an online mortgage chat with a loan officer Anthony Holt. The ad said $750 flat origination but he said they have actually moved that down to $0 lender fees on conventional loans and I think he said $500 fee on FHA loans with no other lender fees.

We have been shopping around for a no fee mortgage loan and most have been quoting rates that are out of the roof.

As I understand it, in some instances lenders will increase the rate and will use the premiums that could have been paid to them as a commission to instead help you pay your closing cost.

We are still going to do a little more shopping but they have given us the best quote so far.

Posted 07/01/08 | Report Abuse

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These guys are top notch. Rates were a half percentage point below Bank Of Americas rate on the 30 yr fixed. Didn't require us to pay any discount points! The $750 flat fee saved us roughly $4250 compared to the usual 1%. We found the fact that they only had this $750 fee to be unusually low compared to other banks. We didn't have any of the other typical fees like credit report, admin fees, processing fees, etc. this was quite unusual, but no complaints!

Posted 06/19/08 | Report Abuse

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