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Simplist Review
8.4
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This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.
Advertiser Disclosure
This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

Simplist Reviews

8.4
Andrew Omalley

WRITTEN BY

Andrew Omalley
Access to a wide range of different lenders
Access to a wide range of different lenders
About Simplist

Simplist is a marketplace for mortgage purchase and refinancing loans, as well as for people who are looking to get a home equity loan. It deals with a huge range of lenders, so there will usually be a great level of choice available, no matter your preferences. It has been in the business since 2018 and has helped a huge amount of people since then.

8.0

LS SCORE

10

CREDIBILITY

7.0

SUPPORT

9.0

ACCESSIBILITY

Simplist Mortgages Review

Simplist is a marketplace for mortgage purchase and refinancing loans, as well as for people who are looking to get a home equity loan. It deals with a huge range of lenders, so there will usually be a great level of choice available no matter your preferences. It has been in the business since 2018 and has helped a huge amount of people since then.

Simplist Mortgages Highlights

MIN CREDIT SCORE

620

APR FIXED RATE

Min 6.012%

APR VARIABLE RATE

Min 6.012%

ORIGINATION FEE

None

PREPAYMENT FEE

None

UNDERWRITING FEE

None

OTHER FEES

Yes

SOFT CREDIT PULL

Yes

NMLS

1764611

LENDER TYPE

Marketplace

Pros & Cons
  • Relatively fast funding time
  • Reputable lenders
  • Excellent variety of options
  • A favorable cost structure
  • Not available in all states

Mortgage Type
  • Mortgage Purchase
  • Mortgage Refinance
  • Fixed
  • Adjustable
  • Home Equity Loan
  • FHA
  • VA

Simplist Mortgages Terms & Requirements

As Simplist is a marketplace, the exact terms and requirements of the loans will vary depending on the specific lender you are considering. However, certain aspects remain consistent throughout, and some minimum standards are in place. 

Generally, you will need to have a credit score of at least 620 to get a loan through Simplist. For fixed-rated rate loans, you will look at term periods of 15, 20, or 30 years. There are no application or processing fees in place, but a fee will be charged if you end up closing on a loan.

Qualification Requirements

  • A minimum credit score of 620 is usually required.
  • The age requirement is 18 years or older.
  • Must be a US citizen or permanent resident.
  • Capacity to repay must be demonstrated.

Required Information

  • Social Security Number.
  • Current address.
  • Phone number.
  • Total income.
  • Names of those to be on the loan.
  • Price of the home.
  • The sum you wish to put down.
  • Estimated annual property tax.
  • Estimated annual home insurance premium.
  • Proof of address.
  • Copy of photo ID.
  • Income verification documents.

State Availability

Available - California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Kentucky, Maine, Minnesota, Mississippi, Montana, New Jersey, Ohio, Pennsylvania, Tennessee, Texas, Washington, Wyoming.

Not Available - Alabama, Alaska, Arizona, Arkansas, Hawaii, Indiana, Iowa, Kansas, Louisiana, Maryland, Massachusetts, Michigan, Missouri, Nebraska, Nevada, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Utah, Vermont, Virginia, West Virginia, Wisconsin.

Privacy & Security

Simplist has built up a solid reputation over the years, with its team including professionals who have been in the mortgage business for many years. It has an A rating with the Better Business Bureau, and it also has an Equal Housing Lender accreditation.

Simplist places a big focus on making sure that all of the private data that customers share is kept completely safe and sound at all times. Bank-level encryption is utilized in order to keep everything safe and secure.

Customer Support

If you need to get help with anything relating to the Simplist offering, you are able to request a callback. You will then get a phone call from one of the team’s professionals who will be able to take you through what you need to do in order to fulfill your specific needs.

The email form can also be used in order to get issues resolved, while Simplist is active across a number of different social media platforms. There is plenty of transparency on the Simplist website when it comes to current rates, while the FAQ section carries solutions to a lot of the more common types of issues.

Phone Support
(646) 992-4696
Mon-Sun
Call back service only

In Conclusion

As the name suggests, Simplist keeps everything nice and simple for people who are looking for housing-related loans. Whether you are buying a home, looking to refinance your mortgage, or tapping into your home equity, the Simplist marketplace can find a suitable lender for your needs.

FAQ

Does Simplist charge an application fee?
Simplist does not charge any sort of application fee or processing fee when you use the platform.
How long does it take to apply to Simplist?
The application process only takes about two minutes to complete, after which you will then get assigned a loan expert.
Does using Simplist impact your credit score?
When you assess your options through Simplist, you will be subject to a soft credit check, this means that your credit score will not be hurt.

Simplist Disclaimer

Simplist Mortgage LLC (DBA Simplist) is an equal housing lender. Loans made or arranged pursuant to a California Finance Lender License. This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. Not available in all states. NMLS Consumer Access.

Disclosure

This website is an informative comparison site that aims to offer its users find helpful information regarding the products and offers that will be suitable for their needs. We are able to maintain a free, high-quality service by receiving advertising fees from the brands and service providers we review on this website (though we may also review brands we are not engaged with). These advertising fees, combined with our criteria and methodology, such as the conversion rates, our team of reviewer's finding and subjective experience and product popularity, impact the placement and position of the brands within the comparison table. In the event rating or scoring are assigned by us, they are based on the position in the comparison table, or according to other formula in the event specifically detailed by us. See our How we Rate page and Terms of Use for information. The reviews, rating and scoring are provided “as-is” without guaranties or warranties regarding the information contained in our website, which shall not be considered as endorsement. We make the best efforts to keep the information up-to-date, however, an offer’s terms might change at any time. We do not compare or include all service providers, brands and offers available in the market.

WRITTEN BY

Andrew Omalley

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.

8.0

LS SCORE

10

CREDIBILITY

7.0

SUPPORT

9.0

ACCESSIBILITY
Opening Hours
Mon-Sun
Call back service only
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