Credible
Get Rates
  • Refinance Student Loans
    • Compare Options
      • Best Refinancing Companies
      • Lender Reviews
      • Refinance Student Loans
      • Student Loan Consolidation
    • Learn the Basics
      • Fixed vs. Variable Rates
      • Forgiveness Programs
      • Consolidation vs Refinancing
      • Repayment Plans
      • More on Student Refi
    • How to
      • Consolidate Your Student Loans
      • Pay Off Your Student Loans
      • Lower Your Interest Rate
    • Tools
      • Current Student Loan Refi Rates
      • Refinancing Calculator
      • Repayment Calculator
  • Student Loans
    • Compare Options
      • Best Private Student Loans
      • Lender Reviews
      • Private Student Loans
      • Parent Student Loans
    • Learn the Basics
      • Student Loan Limits
      • Living Expenses
      • Applying for FAFSA
      • Federal Student Loans
      • Student Loan Interest Rates
      • More on Student Loans
    • How to
      • Pay for College
      • Take Out Student Loans
      • Apply Without Cosigner
      • Apply for Student Loans
      • Pay for Grad School
    • Tools
      • Current Student Loan Rates
      • Student Loan Interest Calculator
  • Personal Loans
    • Compare Options
      • Best Personal Loan Lenders
      • Lender Reviews
      • Get Personal Loan Rates
    • Learn the Basics
      • How to Qualify
      • How to Get a Loan
      • Where to Get a Loan
      • Personal Loans with Cosigner
      • Pay Off Credit Card Debt
      • More on Personal Loans
    • Best for
      • Credit Card Consolidation
      • Debt Consolidation Loans
      • Home Improvement Loans
      • Good Credit
      • Fair Credit
      • Bad Credit
    • Tools
      • Current Personal Loan Rates
      • Personal Loan Calculator
  • Mortgages
    • Compare Options
      • Mortgage Refinance
      • Home Loans
      • Best Mortgage Refinance Lenders
      • Best Mortgage Lenders
      • Mortgage Preapproval
      • Mortgage Payment Calculator
    • Compare Rates
      • Mortgage Refinance Rates
      • 30-Year Fixed Refinance Rates
      • 15-Year Fixed Refinance Rates
      • Home Loan Rates
      • 15-Year Fixed Mortgage Rates
      • 30-Year Fixed Mortgage Rates
    • Learn the Basics
      • How to Buy a House
      • Why You Should Refinance
      • How to Refinance Your Mortgage
      • How to Get the Best Rate
      • Cash-Out Refinancing
      • More on Home Loans & Refi
    • Pay Off Mortgage
      • Home Equity to Pay Off Debt
      • Paying Off Mortgage Early
      • Mortgage Refinance Cost
  • Company
    • About
    • Reviews
    • Blog
    • Lenders
    • Editorial Guidelines
    • FAQs
    • Press
  • Find My Rate
Advertiser Disclosure

Allied Mortgage Group Review 2022

Allied Mortgage Group prides itself on streamlined loan processes and superior customer service.

Daria Uhlig Daria Uhlig Edited by Chris Jennings Updated July 29, 2022

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

Allied Mortgage Group is a full-service mortgage lender headquartered near Philadelphia. With nearly 30 years of experience in the mortgage industry, Allied remains committed to streamlining the mortgage process and maintaining high customer service standards. Allied has branches along the Eastern Seaboard and is rapidly expanding toward the West Coast, and it’s licensed to provide mortgages in most states in the U.S.

Allied is both a direct lender and a wholesaler that works with third parties such as banks, credit unions, and mortgage brokers. It offers purchase and refinance loans for primary and second homes as well as investment properties.

In this review:

  • Allied Mortgage Group review
  • Allied Mortgage Group refinance review
  • How Allied Mortgage Group could improve
  • Compare multiple lenders first

Allied Mortgage Group review

Best for:

  • Self-employed borrowers and others with special credit circumstances
  • First-time homebuyers with little or no down payment
  • Buyers purchasing a home that needs repairs

Allied Mortgage Group offers purchase loans for just about any buyer, including those who might have trouble getting a loan approved elsewhere.

In addition to standard conventional and jumbo mortgages, Allied has government-backed loans with low or no down payment requirements and more modest eligibility criteria.

It also offers HomeReady loans. These are conventional loans underwritten by Fannie Mae and intended for low-income, first-time, or repeat homebuyers with limited cash for a down payment. A HomeReady loan requires just 3% down and allows the down payment to come from gifts, grants and other sources.

If you have unique financial circumstances, Allied has flexible “non-agency” loan options that might suit you better. For example, a bank-statement loan program lets self-employed borrowers document their income with bank statements instead of tax returns.

Mortgage loans for manufactured homes and non-warrantable condos — those in incomplete developments or not yet managed by a condo association, for example — are also available. So are 203(k) mortgage loans, which finance both the purchase and eligible repairs of a home all in the same loan.

Here’s a detailed look at Allied Mortgage Group’s purchase loans:

Mortgage programsConventional, HomeReady, Home Possible, jumbo, FHA, VA, USDA, non-agency, 203(k)
Fixed-rate loan terms10, 15, 20, and 30 years
Variable-rate loan terms5/6, 7/6, and 10/6
Rates and feesRates depend on a number of factors, including amount borrowed and borrower qualifications. FHA, VA, and USDA loans have additional fees. Some products require mortgage insurance. Contact a loan officer for more information.
Min. credit score
  • Conventional: 620
  • HomeReady: 620
  • Jumbo: 720
  • FHA: 580
  • VA: 580
  • USDA: 580
  • 203(k): 620
    Min. down payment
    • Conventional: 3%
    • Jumbo: Varies
    • FHA: 3.5%
    • VA: 0%
    • USDA: 0%
    • 203(k): 3.5%
    You can use Credible to compare prequalified mortgage rates from our partner lenders all at once.

    Find Rates Now

    Allied Mortgage Group refinance review

    Best for:

    • Homeowners who want to change the rate or term of their current loan
    • FHA borrowers who want to eliminate permanent mortgage insurance
    • Homeowners who want to both refinance their current mortgage and finance home repairs

    Allied Mortgage Group has a good selection of refinance loans if your current mortgage loan no longer meets your needs.

    Allied Mortgage Group’s conventional rate-and-term and cash-out refinancing products include HomeReady refinance loans for low-income borrowers with a credit score of at least 620 and an existing HomeReady loan.

    Another option is the Refi Possible refinance loan from Freddie Mac. You can use it to refinance a home secured by a Freddie Mac-owned mortgage and, in most cases, borrow up to 105% of your home’s value. However, cash out is limited to $250.

    You’ll also find jumbo refis as well as fixed-rate and adjustable-rate government-backed refinance loans.

    FHA streamline refinances don’t allow cash out, but they simplify the approval process by not requiring an appraisal or credit score. If you want to take cash out using an FHA loan, Allied offers an FHA cash-out refinance option as well.

    You have two options for a VA refinance: a cash-out refinance and an Interest Rate Reduction Refinance Loan (IRRRL). A VA cash-out refinance lets you take unlimited cash out, with a maximum loan-to-value ratio of 90%. The VA IRRRL doesn’t allow cash out, but you also don’t need to get a new home appraisal or provide a credit score.

    USDA refis are also available as streamlined and non-streamlined loans. Cash-out refinances aren’t allowed with USDA loans. You’ll need a higher credit score for a streamlined loan — 640 compared to 620 for a non-streamlined refinance.

    The 203(k) renovation loan allows you to refinance your current mortgage and borrow extra for home repairs or improvements.

    Finally, Allied also has non-agency loans. You can opt for a bank statement loan if you’re self-employed and would rather document income without submitting tax returns. Other choices include loans for foreign nationals and owners of manufactured homes.

    Here’s a detailed look at Allied Mortgage Group’s refinance loans:

    Mortgage refinance programsConventional, HomeReady, Refi Possible, jumbo, FHA, VA, USDA, 203(k)
    Fixed-rate loan terms10, 15, 20, and 30 years
    Variable-rate loan terms5/6, 7/6, and 10/6
    Rates and feesVary by loan type. Usually can be rolled into loan.
    Min. credit score
    • Conventional: 620
    • Jumbo: 720
    • FHA: 580
    • VA: 580
    • USDA: 580
    • 203(k): 620
      You can use Credible to compare prequalified mortgage refinance rates from our partner lenders all at once.

      Find My Refi Rate

      How Allied Mortgage Group could improve

      Allied Mortgage Group has mortgage products for nearly every buyer. But there’s still some room for improvement:

      • Transparency: The Allied website would be more helpful if it had more information about the loans it offers.
      • Privacy: You’ll need to enter your contact information to get rate quotes.
      • User-friendliness: Users who want to apply online may have a difficult time finding where to do it. Whereas most mortgage lenders have “apply now” links on their product pages, Allied users need to navigate to the Branches page, find a branch, click a button to view loan officers affiliated with that branch, and then navigate to a loan officer’s website to start an online application.

      Compare multiple lenders first

      Allied Mortgage Group is an excellent choice for a purchase or refinance loan, but it’s not the only mortgage lender competing for your business. Shop around to compare rates and loan options before you make a final decision.

      Loading widget - purchase-rate-table

      Keep Reading: How to Get the Best Mortgage Rates

      About the author
      Daria Uhlig
      Daria Uhlig

      Daria Uhlig is a contributor to Credible who covers mortgage and real estate. Her work has appeared in publications like The Motley Fool, USA Today, MSN Money, CNBC, and Yahoo! Finance.

      Read More

      Home » All » Mortgage Lender Reviews » Allied Mortgage Group Review 2022

      Mortgage Lender Reviews:
      • AmeriSave
      • Bank of America
      • Better Mortgage
      • Caliber
      • Carrington Mortgage Services
      • Chase
      • Cornerstone Home Lending
      • Costco
      • Fairway Independent Mortgage
      • Flagstar Bank
      • Guaranteed Rate
      • loanDepot
      • New American Funding
      • Northpointe Bank
      • Quicken Loans
      • Rocket Mortgage
      • Sebonic Financial
      • SoFi
      • Stearns
      • United Wholesale Mortgage
      • U.S. Bank
      • Veterans United
      • Wells Fargo
      Compare Options:
      • Home Loans
      • Home Loan Rates
      • Mortgage Refinance
      • Mortgage Refinance Rates
      • Best Mortgage Lenders
      • Best Mortgage Refinance Companies
      • Click to share on Facebook (Opens in new window)
      • Click to share on LinkedIn (Opens in new window)
      • Click to share on Twitter (Opens in new window)
      • Click to email a link to a friend (Opens in new window)
      • Read More
        • Refi Student Loans
        • In School Loans
        • Personal Loans
        • Mortgages
      • Resources
        • Lender Reviews
        • Calculators
        • Data Insights
        • Debt Statistics
        • Sitemap
      • Compare
        • Student Loan Refinance
          • Current Student Refi Rates
        • Student Loan Consolidation
        • Private Student Loans
          • Current Student Loan Rates
        • Personal Loans
          • Current Personal Loan Rates
        • Refinance Mortgage
        • Mortgage Refinance Rates
        • 30-Year Fixed Refinance Rates
        • 15-Year Fixed Refinance Rates
        • Home Loans
        • Home Loan Rates
        • 15-Year Fixed Mortgage Rates
        • 30-Year Fixed Mortgage Rates
      • Top Lenders
        • Best Student Loan Refi Companies
        • Best Private Student Loans
        • Best Personal Loans
        • Best Mortgage Lenders
        • Best Mortgage Refinance Companies
      • Company
        • About
        • Reviews
        • Blog
        • Editorial Staff
        • Editorial Guidelines
        • News
        • Press
      • Legal
        • Terms of Use
        • Privacy Policy

      © 2023 Credible


      Credible Operations, Inc. NMLS ID# 1681276 | NMLS Consumer Access | Licenses and Disclosures
      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

      Discover Student Loans Disclosure

      The interest rates depicted on Credible represent the APR. The fixed interest rate is set at the time of application and does not change during the life of the loan. The variable interest rate is calculated based on the 3-Month LIBOR index plus the applicable Margin percentage. The margin is based on your credit evaluation at the time of application and does not change. For variable interest rate loans, the 3-Month LIBOR is 2.375% as of July 1, 2018. Discover Student Loans will adjust the rate quarterly on each January 1, April 1, July 1 and October 1 (the “interest rate change date”), based on the 3-Month LIBOR Index, published in the Money Rates section of The Wall Street Journal 15 days prior to the interest rate change date, rounded up to the nearest one-eighth of one percent (0.125% or 0.00125). This may cause the monthly payments to increase, the number of payments to increase or both. Please visit http://www.discover.com/student-loans/interest-rates.html for more information about interest rates.

      Citizens Bank Disclosures

      Student Loan Rate Disclosure

      Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of July 1, 2018, the one-month LIBOR rate is 2.10%. Variable interest rates range from 4.07%-12.04% (4.07%-11.94% APR) and will fluctuate over the term of the loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 5.25%-12.19% (5.25% – 12.09% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown requires application with a cosigner, are for eligible applicants, require a 5-year repayment term, borrower making scheduled payments while in school and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of the loan.

      Citizens Bank - Refi - Disclosures

      Education Refinance Loan Rate Disclosure:

      Variable rate, based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of July 1, 2018, the one-month LIBOR rate is 2.10%. Variable interest rates range from 2.75%-8.20% (2.75%-8.20% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a cosigner. Fixed interest rates range from 3.50%-8.69% (3.50% – 8.69% APR) based on applicable terms, level of degree earned and presence of a cosigner. Lowest rates shown require application with a cosigner, are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens Bank is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.