Roundpoint Mortgage: A Comprehensive Review

Overview

Roundpoint Mortgage is a national mortgage lender that has served homebuyers and homeowners for over 20 years. The company offers a wide range of mortgage products, including conventional, FHA, VA, and USDA loans, as well as refinancing and reverse mortgage options.

Loan Products

Conventional Loans

Roundpoint Mortgage offers a variety of conventional loan options, including fixed-rate and adjustable-rate mortgages (ARMs).

Fixed-rate loans offer a stable monthly payment for the life of the loan, making them a good choice for borrowers who want predictability in their housing costs. ARMs have interest rates that can fluctuate over time, which can lead to higher or lower monthly payments. However, ARMs often have lower initial interest rates than fixed-rate loans, making them a good option for borrowers who expect to sell their home or refinance within a few years.

Government-Backed Loans

Roundpoint Mortgage also offers a variety of government-backed loans, including FHA loans, VA loans, and USDA loans.

FHA loans are insured by the Federal Housing Administration (FHA) and are available to borrowers with lower credit scores and down payments. VA loans are backed by the Department of Veterans Affairs (VA) and are available to active-duty military members, veterans, and their spouses. USDA loans are backed by the United States Department of Agriculture (USDA) and are available to borrowers in rural areas.

Refinancing Options

Roundpoint Mortgage offers a variety of refinancing options, including rate-and-term refinances and cash-out refinances.

Rate-and-term refinances allow borrowers to lower their interest rate or change the term of their loan. Cash-out refinances allow borrowers to take out a new loan that is larger than the amount they owe on their existing mortgage, and use the extra cash for any purpose.

Reverse Mortgages

Roundpoint Mortgage also offers reverse mortgages, which are available to homeowners who are 62 years of age or older.

Reverse mortgages allow homeowners to borrow against the equity in their home without having to make monthly payments. The loan is repaid when the homeowner sells the home or moves out.

Customer Service

Roundpoint Mortgage has a team of experienced loan officers who can help borrowers throughout the mortgage process.

The company also has a customer service center that is available to answer any questions borrowers may have.

Fees

Roundpoint Mortgage charges a variety of fees, including origination fees, underwriting fees, and closing costs.

The amount of fees charged will vary depending on the type of loan and the borrower's credit profile.

Conclusion

Roundpoint Mortgage is a reputable mortgage lender that offers a wide range of mortgage products and services.

The company has a team of experienced loan officers and a customer service center that is available to help borrowers throughout the mortgage process.

However, it is important to compare rates and fees from multiple lenders before choosing a mortgage lender.