Eloan: Our Favorite Online Mortgage Company

Eloan is pioneer online mortgage company. They offer instant preapproval on its online mortgages, and a process that combines incredibly low rates with very personal service for a loan package you won't be able to beat. (They even guarantee it!)

This page:

  • Explains how Eloan's online mortgages work

  • Describes how the online mortgage application process works

  • Lists the advantages of this online mortgage company.

How Eloan works

Eloan is a mortgage lender and a mortgage broker. When you apply for a mortgage with them, they first try to match your request with a low-rate loan from their program. If this doesn't work, they'll search their dozens of partners for a package that fits your needs.

However, Eloan is not a brokerage house - their consultants don't work on commission. (Unlike us). When you get advice (and every mortgage applicant is assigned a personal loan consultant as soon as they apply), you can be confident it's coming from an unbiased source who has your best needs in mind.

Applying with Eloan

The application process is simple. For instant quotes, you'll need only basic mortgage information (amount, down payment, general credit profile). Eloan will give you a variety of loans to compare.

If you've got a pretty good idea what you want, great! Application takes 10 minutes and you should have your credit approval within 15 more!

And while it always helps to have your mind all made up, don't worry if it's not. You can apply for any of the available loans, and once you've been approved (a quarter of an hour later) Eloan will assign a personal loan consultant to help you choose the right mortgage for your needs.

Why Eloan?

What makes Eloan stand out as an online mortgage company? Well, besides the streamlined loan process and personalized loan consultation, the biggest reasons to fund your home with Eloan are: savings, savings, and savings.

ELoan's interest rates are basically the lowest we've seen (and we've looked around). But what's even better is that with Eloan, what you see is what you get. There are no lenders fees, closing costs are all stated upfront, prime loans come with no pre-payment penalties, and your mortgage is guaranteed to close on time.

In fact, Eloan is so confident in their low-cost loans, they offer a cash-back guarantee that you won't find a better mortgage elsewhere. Convinced yet?

Application is a commitment-free process, and you will not find a better mortgage package around. Click here to apply for your mortgage (or loan preapproval) with Eloan.

More help

Eloan is great for the buyer who want to act soon, but if you're still in the planning stages, we can help. We've got a guide to home loans basics for beginners, tips on designing your mortgage loan for those a little further along in the process, and a host of mortgage calculators if you just want to throw some numbers around.

Be an educated consumer.

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