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  • JG Wentworth Review

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    JG Wentworth Review
    JG WENTWORTH
    Low mortgage rates No points and no hidden fees A wide variety of mortgage programs Top 5 Home Lending Customer Satisfaction on Lending Tree Platform – 4Q 2017 A+ rating with the Better Business Bureau Only for homeowners with a 620+ credit score Not available in NY, NV or HI
    4.6
    4.6
    J.G. Wentworth Home Lending is a direct lender offering highly competitive mortgage rates, a quick and easy application process that delivers quotes in minutes, and award-winning customer service. The company, which holds an A+ rating with the Better Business Bureau, offers a wide variety of mortgage programs, including jumbo and government-backed loans.

    JG WENTWORTH CUSTOMERS EXPERIENCES

    J.G. Wentworth Wentworth’s mortgage lending arm originates a large variety of loan types, including conventional 15-, 20-, and 30-year fixed rate loans as well as 3-, 5-, or 7/1 adjustable-rate mortgages. They also extend government-backed FHA, USDA, and VA loans. All of these products have different minimum and maximum loan amounts, which also vary depending on the borrower’s geographic location. This extensive selection of mortgage solutions virtually ensures the majority of borrowers will be able to find an option that meets their needs.

    Types of Mortgage Loans Offered

    • Fixed Rate 15 Year
    • Fixed Rate 20 Year
    • Fixed Rate 30 Year
    • 3/1 ARM
    • 5/1 ARM
    • 7/1 ARM
    • VA Fixed Rate
    • VA Adjustable Rate
    • FHA Fixed Rate
    • FHA Adjustable Rate
    • USDA Loan
    J.G. Wentworth’s website is easy to navigate and full of information, including a large number of helpful articles, a Monthly Mortgage Estimate calculator, and both an online application and quote service, without having to give any personal information. Decision and closing times aren’t specified, but we found multiple instances of customer feedback in which borrowers were able to close earlier than expected.

    Online Features

    Online Application
    Yes
    Online Quote
    Yes
    Additional Tools and Resources
    Affordability Calculator
    Help Articles
    Check Today’s Rates
    SSN Required for Quote
    No

    JG WENTWORTH OVERALL

    J.G. Wentworth’s vast array of choices and excellent customer service make them a solid mortgage provider for borrowers from diverse financial backgrounds. Customers can reach company representatives via phone, email, and live chat, enabling them to clarify any questions or lingering doubts.

    Though J.G. Wentworth doesn’t state a specific sum as their minimum downpayment, they do recommend that it should comprise at least 20% of the total purchase price, although FHA loan programs accept as little as 5%. Their minimum FICO score of 620 is in line with standard industry practices.

    Key Requirements at a Glance

    Minimum FICO Score
    620
    Non-Traditional Credit History Considered?
    No

    JG WENTWORTH REPUTATION

    J.G. Wentworth was founded in 1991 but has fast become a respected player in the national mortgage industry. They enjoy an A+ rating with the BBB, and an 8 out of 10 Trustpilot score, which accurately reflects their low complaint ratio and commitment to customer service.

    Key Facts

    Lender Type
    Direct Lender
    Year Founded
    1991
    BBB Rating
    A+
    BBB Positive Reviews
    1
    BBB Negative Reviews
    3
    TrustPilot Rating
    8.0 out of 10
    Collection Date
    2018-02-02

    Complaints & Regulatory Actions

    Nationwide Mortgage Licensing System ID
    2925
    The Nationwide Mortgage Regulatory Actions
    4
    Consumer Financial Protection Bureau Complaints
    9
    9 Total Score

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