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Lenox Reviews

7.2

bestfor-icon Competitive rates and no closing cost options

alirivzi
Written by Ali Rivzi

About Lenox | Read More

7

LS Score

8

Credibility

6

Support

8

Accessibility

Visit Site
Opening Hours Opening Hours drop-down-btn
Mon-Fri 8am-5pm PST
Sat-Sun Closed
Contact Information Contact Information drop-down-btn
  • info@lenoxhomeloans.com
  • 888-905-3669
  • Headquarters: 200 East Sandpointe Ave, 8th Floor, Santa Ana CA 92707
Social Media Social Media drop-down-btn
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Lenox Mortgages Review

Lenox Financial Mortgage Corporation dba WesLend Financial, known as Lenox/WesLend, was founded in 1999 and has since become a trusted provider of mortgage services. The company’s expertise and dependable service has allowed it to thrive in a market with many ups and downs. Lenox/WesLend offers low rates and no closing cost options to customers, but it is the company’s commitment to effective communication and customer service that sets it apart from the competition. Lenox/WesLend is dedicated to helping customers achieve their financial goals.

Lenox Mortgages Highlight

620

Min Credit Score

Undisclosed

Repayment terms

N/A

Soft Credit Pull

Direct

Lender Type

Undisclosed

Underwriting Fee

Yes

Other Fees

Undisclosed

Origination Fee

Undisclosed

Prepayment Fee

A little over 30 days on average Days

Funding Time

3304

NMLS

Mortgage Refinance

3.5-4.1%

APR. Fixed Rate

3.5-4.1%

APR. Variable Rate

Pros & Cons

drop-down-btn
  • con-icon Wide range of term lengths
  • con-icon Can avoid paying closing costs
  • con-icon Widely accessible option
  • con-icon Competitive APR rates
  • con-icon Only cash-out refinancing is available

Mortgage Type

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  • Mortgage Purchase
  • Mortgage Refinance
  • Fixed
  • Adjustable
  • Home Equity Loan
  • FHA
  • USDA
  • VA
  • Jumbo
View rates

Lenox Mortgages Terms & Requirements

Lenox/WesLend offers a range of mortgage options, including fixed-rate loans, adjustable-rate mortgages (ARMs), FHA loans, VA loans, and USDA loans. The company also offers no-closing-cost loans. Lenox/WesLend is licensed to provide mortgages in most states and has a reputation for providing simple and straightforward mortgage solutions to borrowers. The company’s terms and requirements align with the market standard and provide competitive rates and repayment options.

Applying to Lenox

The process of applying for a mortgage or refinancing with Lenox/WesLend is straightforward and easy to navigate. Customers can start by contacting the company to discuss their options and receive personalized guidance from an experienced loan officer. They can then complete an online application or submit their information over the phone to begin the process.

Lendstart - Applying to Lenox mortgage phase #1
Step 1

Apply now

Lendstart - Applying to Lenox mortgage phase #2
Step 2

Choose your service

Lenox/WesLend will review the application and provide customers with a quote, outlining their loan options and terms. If customers choose to proceed, Lenox/WesLend will guide them through the necessary steps and provide support throughout the process. The company’s team of experienced loan officers is dedicated to helping customers achieve their homeownership goals and providing a smooth, stress-free experience.

Qualification Requirements

  • Typically a credit score of 620+
  • Pay stubs for the last month
  • A down payment of at least 5% of the home’s purchase price or as little as 3% for some loan products
  • Proof of income, assets, and liabilities
  • Private mortgage insurance if the down payment is less than 20% of the home’s value.

They may have specific requirements for their loan products, such as only offering loans to borrowers who meet certain criteria (e.g., first-time homebuyers, veterans, etc.) or only offering loans for certain types of properties (e.g., single-family homes, condominiums, etc.). It is important to carefully review the requirements for each loan product to determine if you meet the eligibility criteria.

Required Information

The information that may be required includes:

  • Name and contact information (phone number, email, address)
  • Proof of identity (driver’s license, passport, or other government-issued ID)
  • Social security number
  • Credit score
  • Proof of income (pay stubs for the past month, tax returns and W-2s for the past two years)
  • Statements for assets such as bank accounts, mutual funds, and stocks for the past two months.
  • Desired loan amount and type of mortgage
  • Information about purchased or refinanced property (address, value, etc.)

Application Steps & Time Frames

After the initial request and the prequalification process, the steps to complete the mortgage or refinancing process with Lenox/WesLend are as follows:

  1. Complete a full loan application and provide additional information and documents as requested by Lenox/WesLend.
  2. Review and sign the loan documents, including the loan estimate and closing disclosure.
  3. At the time of closing, sign the final documents to complete the transaction.

The initial prequalification process and completion of the full loan application can typically be done within a few days. The time it takes to receive funding will depend on the specific loan program and the borrower’s circumstances, but Lenox/WesLend averages just above 30 days in funding time. The complexity of the process may vary depending on the type of loan and the borrower’s situation. Still, Lenox/WesLend’s team of experienced loan officers is dedicated to providing personalized guidance and support to make the process as simple and stress-free as possible.

State Availability

Available - Alabama, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming

Not Available - Alaska, Delaware, Nebraska, New Hampshire, North Dakota, Rhode Island, South Dakota, Vermont

alirivzi
Written by Ali Rivzi linkedin-icon

Ali Rizvi is a published author, financial analyst, and market researcher. He's passionate about providing in-depth insights and analysis in the finance and blockchain industries. With a Bachelor's in Finance from Purdue University and a background studying abroad at the University of Cambridge, he brings a wealth of knowledge and expertise to the table.

faq-icon

FAQ’s

Can I get in touch with Lenox/WesLend's customer support team?

Yes, you can reach the customer support team through email, live chat, or by phone.

Does Lenox/WesLend offer no closing cost options?

Yes, Lenox/WesLend offers no closing cost options to its customers. However, please note that no closing cost options are not available in Washington.

What sets Lenox/WesLend apart from other mortgage companies?

Lenox/WesLend's commitment to effective communication and customer service sets it apart from other mortgage companies. The company's dedication to helping customers achieve their financial goals is a major selling point.

Customer Support

Lenox Financial Mortgage Corporation has a customer support team that can be reached through various channels, such as email, live chat, and phone. The team is knowledgeable and helpful when it comes to providing information on loan options. They are known for their excellent customer service and commitment to effective communication, which helps to make the mortgage process stress-free and efficient. Response time may vary depending on the method of contact.

Privacy & Security

Lenox Financial Mortgage Corporation has a solid reputation, having been in business since 1999. It previously held an A+ rating with the Better Business Bureau (BBB). However, it is no longer accredited. WesLend Financial does have a good range of reviews through Trustpilot.

In terms of privacy, the technology that is deployed on the Lenox Financial Mortgage Corporation website has been tried and tested to make sure that there are no breaches of security. Personal information is treated in a very safe and secure manner. This means that all data that you enter through the Lenox Financial Mortgage Corporation website will be done so in an encrypted and safe manner.

In Conclusion

Lenox Financial Mortgage Corporation dba WesLend Financial, also known as Lenox/WesLend, is a trusted provider of mortgage services. The company was founded in 1999 and has since become known for its expertise and dependable service. Lenox/WesLend offers low rates and no closing cost options, making the process of purchasing or refinancing a home more affordable and accessible. The company’s commitment to effective communication and customer service sets it apart from the competition, and its dedication to helping customers achieve their financial goals is a major selling point. However, no closing cost options are not available in Washington. Overall, Lenox/WesLend is a reliable choice for those looking for professional financial assistance and a stress-free mortgage experience.

Brand Disclaimer

Collection of your Personal Information
Lenox/WesLend collects personally identifiable information, such as your e-mail address, name, home or work address or telephone number. Lenox/WesLend also collects anonymous demographic information, which is not unique to you, such as your ZIP code, age, gender, preferences, interests and favorites. We do not share your information with outside companies for their promotional use. We do not track URLs or web use outside of our owned and operated websites, nor do we track you across the Internet once you leave our site.
Contact information, and user data/patterns may be used to ensure customer satisfaction, and to operate the Lenox Financial Mortgage Corporation group of websites and offer you our products and services.
Advertising/ Marketing data is analyzed on a local/demographic level, and IP information and cookie data is only collected for recognition purposes and statistics. Local data is used to improve user experience, and does not exploit you personally.
Online media service providers will also use data across their owned, operated and affiliate websites to determine user success patterns across most demographics(pursuant to their corporate policies). This data is collected in such a way that it is not personally identifiable or exploited.
Please keep in mind that if you directly disclose personally identifiable information or personally sensitive data through Lenox/WesLend public message boards, this information may be collected and used by others. Note: Lenox/WesLend does not read any of your private online communications.
Lenox/WesLend encourages you to review the privacy statements of Web sites you choose to link to from Lenox/WesLend so that you can understand how those Web sites collect, use and share your information. Lenox/WesLend is not responsible for the privacy statements or other content on Web sites outside of the Lenox/WesLend and Lenox/WesLend family of Web sites.