Alterra House Loans Loan Overview 2022 | LendingTree

· Alterra Home Loans is a national mortgage lender based in Las Vegas. The company was founded in 2006 with the mission of helping Hispanic 

Alterra House Loans is a countrywide loan lender primarily based in Las Vegas. The corporate was once based in 2006 with the venture of serving to Hispanic first-time homebuyers. The point of interest on underrepresented teams has persevered — in 2019, 73% of shoppers had been “various,” the corporate says, and 62% had been first-time consumers. Alterra House Loans problems mortgages in 40 states and the District of Columbia.

6/10 LendingTree’s loan lender ranking

LendingTree’s loan lender ranking is according to a 10-point scoring device that components in different options, together with virtual software and shutting processes, to be had mortgage merchandise and on-line and in-person accessibility. LendingTree’s editorial staff calculates each and every ranking.

= 1 pt = 0 pts

  1. Utility on-line
  2. Product information on-line
  3. Charges indexed on-line
  4. Useful articles about mortgages and homebuying
  5. Same old product choices (Standard/FHA/VA/USDA)
  6. Particular techniques
  7. Information about how you can qualify for merchandise introduced on-line
  8. E-closing availability
  9. Authorized in a minimum of 35 states
  10. After-hours and weekend get admission to to mortgage officials

Alterra House Loans professionals and cons


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Enjoy with first-time homebuyers. Alterra House Loans is serious about expanding homeownership and dealing with first-time homebuyers.

Bilingual choices. Alterra House Loans has a large number of mortgage officials who’re fluent in each English and Spanish, serving to Spanish-speakers navigate the homebuying procedure.

Virtual loan procedure. Alterra gives a completely on-line revel in, from digital consultations and residential showings to on-line closings.


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Little product knowledge on-line. The Alterra website online doesn’t be offering knowledge at the forms of loan merchandise it has to be had or the charges it gives. You’ll need to touch a mortgage officer to assemble main points.

No longer to be had in all states. Alterra is approved to lend in 40 states and the District of Columbia, so you may no longer be capable to use this lender relying on the place you are living. Mortgage officials additionally aren’t to be had in each and every state they serve.

No house fairness loans to be had. The lender doesn’t be offering house fairness loans or house fairness traces of credit score (HELOCs).

Alterra House Loans borrowing necessities

Alterra House Loans loan charges and costs

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Alterra House Loans doesn’t put up knowledge at the loan charges it gives or the charges it fees on loan loans. You’ll wish to touch a mortgage officer to get an concept of what lending phrases you may qualify for.

Alterra House Loans loan merchandise


Alterra House Loans gives maximum usual acquire loan merchandise, together with standard loans, FHA loans, VA loans, USDA loans, jumbo loans and FHA 203(ok) renovation loans. It’s unclear what credit score ranking is needed to qualify for the lots of the other mortgage techniques. A 600 credit score ranking could also be required for the lender’s “Low FICO” FHA mortgage, on the other hand.


Alterra House Loans gives each rate-and-term refinance loans, which might be used to decrease your rate of interest and per month fee, and cash-out refinance loans. Those loans are a option to faucet the fairness in your house through casting off a brand new loan that’s better than the present stability to your loan. The adaptation involves you in coins.

Particular techniques

Alterra House Loans has an ITIN loan mortgage program, which turns out to be useful for doable debtors who don’t have a Social Safety quantity. Alternatively, mortgages that require most effective an ITIN may have other borrowing and compensation necessities, so it can pay to comparability store.

How does Alterra House Loans examine to different lenders?

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150 Charles
A remarkable site overlooking the expanse of the waterfront, 150 Charles Street is sited between the activity on the Hudson River and the history of the West Village

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