Mortgage programs Loanplaced places
Conventional loans
Fixed 15‑ or 30‑year and 5/6, 7/6, or 10/6 ARMs. Loan amounts up to the conforming limit ($806,500 for one‑unit properties in most counties in 2026). Loanplaced surfaces both par and discounted rates so you can choose whether buying down makes sense.
FHA loans
FHA loans require 3.5% down for borrowers with FICO 580+ (10% down for 500–579). Great for first‑time buyers with modest reserves. Loanplaced runs the total cost of MIP against a low‑down conventional option so you can compare like for like.
VA loans
Zero‑down mortgages for eligible service members, veterans, and surviving spouses. Loanplaced places VA loans through lenders that specialize in VA underwriting — they close faster and price more competitively than generalists.
USDA loans
Zero‑down loans for eligible rural and suburban properties. Loanplaced runs the address through the USDA eligibility map and confirms qualification before pulling credit.
Jumbo loans
For loan amounts above the conforming limit. Loanplaced places jumbos with portfolio lenders and jumbo specialists, including options for self‑employed borrowers using bank‑statement or asset‑depletion underwriting.
Refinance
Rate‑and‑term, cash‑out, and streamline refinances (FHA and VA). Every Loanplaced refinance quote includes a break‑even analysis — the exact month at which the refi begins to save you money after closing costs.
Mortgage rate snapshot
| Program | Term | Rate range* | Down payment min |
|---|---|---|---|
| Conventional | 30‑yr fixed | 6.25% – 7.50% | 3% |
| Conventional | 15‑yr fixed | 5.50% – 6.75% | 3% |
| FHA | 30‑yr fixed | 5.99% – 7.25% | 3.5% |
| VA | 30‑yr fixed | 5.75% – 6.99% | 0% |
| USDA | 30‑yr fixed | 6.00% – 7.15% | 0% |
| Jumbo | 30‑yr fixed | 6.50% – 8.25% | 10% |
*Rate ranges are indicative Loanplaced panel offers for borrowers with 740+ FICO and 20% down, week of 07/2026. Your rate depends on credit, DTI, LTV, occupancy, and market conditions. Rate ≠ APR — see loan estimate for full cost.
Loanplaced's mortgage process
- Pre‑qualification. A soft credit review and income snapshot. No hard pull, no impact.
- Rate lock strategy. Our advisor tells you whether to lock, float, or use a float‑down provision based on market conditions and your closing timeline.
- Full application. One application, quotes from up to five lenders. Loanplaced handles the file organization; you don't upload the same W‑2 five times.
- Loan estimate review. A Loanplaced advisor walks you through every line of the loan estimate — origination, discount points, prepaid escrow, title, taxes.
- Close. We coordinate with title, appraisal, and lender through closing day. Average Loanplaced close: 26 days for purchases, 21 for refinances.
Frequently asked questions
Is Loanplaced a mortgage lender?
No. Loanplaced is a licensed mortgage broker in states where required. We do not fund loans — we match you with the lender whose program and pricing fit best. This means we're not incentivized to push you into a specific product.
How much does Loanplaced charge for a mortgage?
Loanplaced is compensated by the lender at closing. In most states, this is disclosed on Section A of the Loan Estimate. If you'd rather pay us directly (lender‑paid vs. borrower‑paid compensation), we'll walk you through the tradeoff in dollars and cents.
What credit score do I need for a mortgage through Loanplaced?
Conventional: 620+. FHA: 580+ with 3.5% down (500+ with 10% down). VA: no set minimum, though most lenders require 580–620. Jumbo: typically 700+.
Can I refinance with Loanplaced if I have a low current rate?
Usually not worth it for rate‑and‑term — that's the honest answer. But cash‑out refis or removing PMI can still make sense at higher rates. Our advisor will run the break‑even in writing before we touch your credit.