Caliber Home Loans Review 2022

Good for: first-time home buyers, veterans and those who may have credit challenges to overcome.
Jan 5, 2022

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Our Take


NerdWallet rating 

The bottom line:

Caliber offers a substantial array of both conventional and government-backed loans, and boasts many online conveniences. However, potential borrowers can't shop its mortgage rates online.

Caliber: NMLS#15622
Min. credit score
Min. down payment
Loan types and products
Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, USDA

Pros & Cons


  • Offers extensive educational resources for military borrowers.
  • Provides digital tools for a streamlined application process.
  • Participates in some state down payment assistance and first-time home buyer programs.


  • No mortgage rates displayed online.
  • Doesn't offer home equity loans or lines of credit.

Compare to Other Lenders

NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Min. credit score


Min. credit score


Min. credit score


Min. down payment


Min. down payment


Min. down payment


Loan types and products

Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA

Loan types and products

Purchase, Refinance, Home Equity, Reverse, Jumbo, Fixed, Adjustable, FHA, VA, USDA

Loan types and products

Purchase, Refinance, Fixed, Adjustable, FHA, VA, USDA

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Full Review

Tap to learn how COVID-19 has affected mortgage shopping

The coronavirus pandemic introduced some new challenges to getting a mortgage. Many lenders facing high loan demand and staffing issues increased their fees, adjusted minimum required credit scores or temporarily suspended certain loan products. While some products and business practices have returned to pre-pandemic levels, you might still find delays and limited options. If you can’t pay your current home loan, refer to our mortgage assistance resource. For information on how to cope with financial stress during this pandemic, see NerdWallet’s financial guide to COVID-19.

Caliber Home Loans at a glance

Caliber Home Loans boasts an impressive array of purchase and refinance products, and is one of the highest-volume lenders in the country. You can't shop rates online, but once you've begun the application process, Caliber offers considerable digital conveniences.

Here's a breakdown of Caliber's overall score:

  • Variety of loan types: 5 of 5 stars

  • Ease of application: 5 of 5 stars

  • Rates and fees: 3 of 5 stars

  • Rate transparency: 1 of 5 stars

Caliber Home Loans mortgage types

Caliber Home Loans was among the top 10 highest-volume mortgage lenders in America in 2020, according to the latest available Home Mortgage Disclosure Act data. It offers home loan services through its network of consultants, as well as independent mortgage brokers and loan officers. Recently acquired by Newrez, Caliber anticipates rebranding, a company official said, though the timing of the changes has not been finalized.

Caliber offers a broad selection of home purchase and refinance loans, including fixed- and adjustable-rate mortgages.

On the conventional loan side, Caliber's mortgage selection includes low-down-payment options like HomeReady and Home Possible loans, as well as the HomeStyle Renovation Mortgage.

On the government loan side, Caliber offers mortgages from the Department of Veterans Affairs, U.S. Department of Agriculture, and the Federal Housing Administration, including 203(k) renovation loans. Mortgages insured or guaranteed by these government agencies generally allow for lower credit scores, down payments and income.

In fact, Caliber appears to place special emphasis on serving military members through its VA home loans. On a separate website,, it provides extensive details about VA loan options and eligibility requirements. The lender also claims to have created a "specialized, in-house educational curriculum" to help its loan consultants and branch managers meet the needs of military borrowers.

Caliber Home Loans ease of application

To get started applying for a home loan with Caliber, just click or tap the blue "Apply now" button. You'll create an account, then begin the fully online application via the online portal.

For borrowers on the go, Caliber offers a mobile app for Android and iPhone. The app also lets you access your account to upload documents, view the status of your loan application and easily contact your loan officer by phone, email or text message.

Not into the online thing? No problem. You can chat with a Caliber loan officer over the phone or in one of hundreds of branch locations across the country.

Caliber Home Loans mortgage rates and fees

One of the most important considerations when choosing a mortgage lender is understanding what the loan will cost. In order to provide consumers with a general sense of what a lender might charge, NerdWallet scores lenders on two factors regarding fees and mortgage rates, according to the most recently available Home Mortgage Disclosure Act data:

  • Caliber Home Loans earns 2 of 5 stars for average origination fee.

  • Caliber Home Loans earns 3 of 5 stars for offered mortgage rates compared with the best available rates on comparable loans.

Borrowers should always consider the balance between lender fees and mortgage rates. While it's not always the case, paying upfront fees can lower your mortgage interest rate. Some lenders will charge higher upfront fees to lower their advertised interest rate and make it more attractive. Some lenders just charge higher upfront fees.

You can always decide to buy discount points, a fee paid with your closing costs, to reduce your mortgage rate.

Deciding whether or not you want to pay higher upfront fees is a matter of considering how long you plan to live in your home and how much cash you have to apply toward closing costs when you sign the loan paperwork.

Caliber Home Loans mortgage rate transparency

Mortgage interest rates, either general or customized, are not available on the Caliber Home Loans website. To find out the rate for which you might qualify, you'll have to contact the lender. This makes it difficult to compare Caliber Home Loans with other lenders when you're mortgage shopping.

More from NerdWallet


NerdWallet’s overall ratings for mortgage lenders are evaluated based on four major categories: variety of loan types (purchase, refinance, fixed and adjustable, for example), ease of application, rates and fees and rate transparency. Among the factors we consider when scoring these categories are options to apply for and track loans online, the level of detail about mortgage rates on lender websites and our analysis of the rates and fees lenders reported in the latest available Home Mortgage Disclosure Act data. These scores generate ratings from 1 star (poor) to 5 stars (excellent).