Reali Loans Mortgage Review 2023
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Our Take
4.5
The bottom line:
Editor's note: Reali announced its closure in August 2022.
Full Review
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Pros & Cons
Pros
- Offered a completely online application process.
Cons
- Previously available in just 16 states.
Compare to Other Lenders
Min. credit score620 | Min. credit score620 |
Min. down payment3% | Min. down payment3% |
Loan types and productsPurchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, Home Equity | Loan types and productsPurchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA |
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Full Review
Reali Loans, formerly known as Lenda, merged and rebranded in 2019 with the flat-fee real estate brokerage service Reali. On August 24, 2022, Reali announced it was beginning to shut down operations, noting that most of its workforce would be laid off on September 9, 2022.
More from NerdWallet
Methodology
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).
