Lennar Mortgage Reviews

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About Lennar Mortgage

This profile has not been claimed by the company. See reviews below to learn more or submit your own review.

Lennar Mortgage (NMLS #1058) is a subsidiary of Lennar Corp., which is a real estate and financial services company. It provides conventional, jumbo and government-backed loans. The company’s digital mortgage tool can help you get prequalified, but this will involve a hard credit check. Lennar Mortgage is licensed in 30 states, and it has more than 57 branches.

Pros
  • Wide range of home loans
  • Online application process
  • Online calculators and resources
Cons
  • Not transparent about rates or fees
  • Not available in every state
  • Prequalification requires a hard credit check

Lennar Mortgage rates

Lennar Mortgage isn’t transparent about its current interest rates as it doesn’t list its rates on its website. You’ll need to complete the company’s prequalification process to learn what your rates might be if you officially apply.

» MORE: Current mortgage rates — check today’s rates

Lennar Mortgage loan types

Lennar Mortgage originates a variety of mortgage loans, including conventional, jumbo and government-backed loans. Its government-backed loans include Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S. Department of Agriculture (USDA) loans.

With a conventional mortgage, you can choose between loans with fixed rates and loans with adjustable rates, known as adjustable-rate mortgages (ARMs). Fixed-rate mortgages come with the same monthly payment for the life of the loan, while ARMs typically have a lower fixed introductory rate that will periodically change after the introductory period is over.

Lennar also offers rate, term and cash-out refinance options.

Lennar Mortgage application process

With Lennar Mortgage's digital mortgage application process, you can start an application from any device. Whether you choose to get prequalified first or apply, you’ll need to first create an account. You’ll then fill out the online application, and you can connect your bank accounts and tax information to avoid paperwork.

You’ll also have access to customer support online, over the phone and in person. This can be helpful in case any questions come up during the online process or if you just prefer to work with a real person. Once you’ve completed the application, its team will review your information and let you know what types of loans you may qualify for.

Lennar Mortgage application process features

The table below shows some of Lennar Mortgage’s application process features:

Lennar Mortgage requirements

Lennar Mortgage doesn’t outline its specific requirements for each type of home loan. In general, most conventional loans require at least 3% down and a credit score of at least 620. If your credit score is lower, you may want to consider another type of loan. For example, FHA loans require either a 500 or 580 minimum credit score, though most lenders require at least 580 for FHA loans.

Typical mortgage requirements by loan type

The table below shows typical mortgage requirements by loan type.

Lennar Mortgage cost and fees

Lennar Mortgage doesn’t disclose its fees online. However, you’ll need to pay closing costs, which typically range between 2% and 5% of your loan amount. These costs may include loan origination fees, homeowners insurance, private mortgage insurance (PMI), appraisal fees and recording fees, among others. Note that, after the closing process is complete, Lennar sells its mortgages, typically to major banks.

To help offset some costs, Lennar Mortgage provides down payment assistance (DPA) options, including grants and second mortgages. Most DPA programs are for first-time homebuyers and have more flexible qualifying criteria.

FAQ

Is Lennar Mortgage legit?

Lennar Mortgage is a legitimate company. It has been in business since 1973, and it’s registered with the Nationwide Multistate Licensing System (NMLS).

Where is Lennar Mortgage available?

Lennar Mortgage is licensed in 30 states, and it has more than 57 branch locations.

  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Maryland
  • Minnesota
  • Missouri
  • Nevada
  • New Jersey
  • New York
  • North Carolina
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Carolina
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
What is the interest rate for Lennar Mortgage?

Lennar Mortgage doesn’t disclose its interest rates online. It states on its website that its rates will vary based on the loan program, the applicant’s credit profile and the housing market. The best way to get an idea of its current rates is to get prequalified, though keep in mind that this involves a hard credit check, which will temporarily lower your credit score.

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Lennar Mortgage Reviews

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    How do I know I can trust these reviews about Lennar Mortgage?
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    Page 1 Reviews 0 - 10
    Customer ServicePrice

    Reviewed March 21, 2026

    We were in the process of buying a home in Florida. The lender Lennar: Angella ** was a nightmare to work with. They do everything backwards. We were approved then not approved, etc… we did a house inspection and have our car and stuff being sent down to Florida from Wisconsin. We got an email on Saturday morning less than 2 days before our closing date saying that we were now denied and the closing date was now canceled. I had two plane tickets booked to be there Monday for the closing. Then I was told we would have to find a storage building to store our things we spent nearly $5,000 shipping down there.

    I beg you, whatever you do, do not buy a Lennar home or for the love of God please never go through Lennar Mortgage. Never use Angella **… The process of how they/she do things is a joke and is going to cost upwards of $10,000 or more. Stay away from them and you will avoid the disaster we’re going through. They let us do all these things (inspection, approval, ship things) and has no decency in telling us until 2 days prior to closing. Just no words to really even describe this whole horrible process from start to finish.

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    Customer ServicePunctuality & SpeedRefunds & PayoutsMaintenanceStaffCommunication

    Reviewed March 9, 2026

    My experience with Lennar Mortgage in Dallas, Texas has been absolutely horrible. The staff has terrible communication and almost never responds to calls or messages. I have repeatedly tried to contact them about multiple issues with my home, and they simply do not call back or follow up. During my walkthrough, I was given a “free” refrigerator that did not work. When I asked about the loud noise it was making, I was told it was just the sound of the ice maker working. However, the refrigerator has **never made ice and never worked properly**. When I called them a week before moving in to report the problem, I was told it was too late because I had already signed the paperwork, so the problem was now my responsibility.

    Because of that, I had to purchase a warranty and pay out of pocket to try to get a working refrigerator. It has now been **three weeks since I first reported the issue and one week since I moved in**, and I still do not have a working refrigerator. There are also other problems with the house that were pointed out during my walkthrough that still have not been addressed. For example, I have a drawer that was supposedly “jammed because of paint,” but it still does not work properly. I was also told a stain on the ceiling would be fixed before I moved in, yet it is still there. No one has followed up or offered any help.

    Overall, this has been an extremely frustrating and disappointing experience. The lack of communication and accountability from Lennar Mortgage has made this process much more stressful than it should have been. If it wasn’t for my realtor advocating for me, I wouldn’t have gotten the little help I did receive. I do not recommend Lennar Mortgage in Dallas, Texas to anyone. The customer service and communication are unacceptable.

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      Customer ServicePunctuality & SpeedLoan ProcessCommunication

      Reviewed Dec. 23, 2025

      I am writing to formally express my concern with the handling of my loan process, which has been extremely disorganized and frustrating. I was initially asked to provide two years of W-2s and tax returns, as well as two months of pay stubs. I submitted all requested documentation in a timely manner. Subsequently, Ms. ** contacted me and stated that I had provided “too many” pay stubs because I work more than one job, and she advised that she would simply select one set of income to use.

      The following week, I received a call from the loan processor indicating that proof of income was still needed because the pay stubs did not match the W-2s. This discrepancy would have been easily clarified had there been proper communication, as I had already provided all documentation and explained my employment situation.

      To make matters worse, I am now less than one week from my scheduled closing date and have received no communication regarding the location, time of closing, or instructions for wiring funds—despite multiple phone calls and messages on my part. At this point, I am extremely concerned about whether my closing will occur as scheduled. I expect immediate clarification on:
      The current status of my loan
      Confirmation that all income documentation is complete
      The exact closing date, time, and location
      Wiring instructions and any remaining requirements

      This process has fallen far below reasonable expectations, and I am requesting urgent attention to resolve these issues without further delay.

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      Customer ServiceStaff

      Reviewed Dec. 17, 2025

      Arguably the worst experience I have ever had with any company ever. Alondrea and Geovanny both never answer their phone ever; both could really care less about you as a customer. You are simply just another paycheck to them. Everything from the beginning to the end is a very sketchy process. I would never recommend this to anyone ever.

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      Customer ServicePunctuality & SpeedStaffLoan ProcessCommunication

      Reviewed July 29, 2025

      Nightmare process! Lack of communication by underwriters, processors, loan officers, and clients. Constant repeat asking for same documents over and over by the different agents involved in process without communication between them to see if document requested has already been sent. Nearly 3 months of this on repeat and they wait till last minute to request documents. Would not recommend using their in house lender! Suppose to close today and again requesting another document that has already been sent 3 different times!

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      StaffBilling

      Reviewed June 8, 2025

      Don't believe nothing they say. They don't care about the home buyer at all. It's all about that high ** payment. It was WORST experience I've had. DON'T USE Lennar lenders. They will find a way to deny you.

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      Reviewed June 4, 2025

      They denied me at the end after me selling my house. The underwriters ask dumb questions at the end which they should ask at the beginning they sell you the house before you're even approved. Me and me my living in a abnb. We should have been closing but got DENIED after all the hoopla.

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      CoverageTechSales & MarketingPricePunctuality & SpeedMaintenanceStaffBillingLoan ProcessRatesValueHonesty & Transparency

      Reviewed May 14, 2025

      My loan officer was great. Everything else about my experience with Lennar was abysmal. They lied/withheld information until long after they had my earnest money. They waited until after I paid $600 for a third party inspection to say that on top of the down payment, they wanted 2 months' worth of mortgage in my bank account, which somehow totaled $17,000 dollars?? The mortgage was going to be less than $2,000, so I have no idea where the $17,000 figure came from. I was told when I applied that all they would need is 30 days of paystubs from my new job after I moved.

      Then, after I sent weeks gathering all the random paperwork they wanted and stressing over that, less than two weeks from our closing date, they hit me with the "yeah, you need $17,000 in your account on top of the $10,000 you need for the down payment." I am not rich, my family is not rich. I have a good paying job, but it would take at least 4 months of paychecks to total $17,000 IF I didn't have bills like rent of my current residence, car payment, health insurance, etc. How was I supposed to come up with $17,000 in less than two weeks? Who can?? And this was the second home I was under contract with them for. They did paperwork and math incorrectly for the first, and recanted on the approval they had already given me.

      On top of that, the brand new home I was purchasing had five pages of things that failed the inspection and would have to be fixed prior to sale. So, not only was my experience with every aside from my loan officer abysmal, the house was not even going to be able to be approved for a loan as is. I have absolutely nothing good to say about Lennar. I would leave 0 stars if I could. The only positive I had was my loan officer, who is fighting the team to get my earnest money I paid them already back because they were purposefully misleading. Do not work with them. Do not trust them. They are incredibly misleading and provide all sorts of false information. They cannot be trusted.

      Do not allow them to run your credit or take your money. They are not worth the risk. If you have literally any other options than Lennar, take them instead. This company has been nothing but frustrating from the start, and their brand new homes aren't even sound. Save yourself the time, trouble, and frustration and find someone else. Their "good rates" and "bonuses" are not worth it, nor are they true. You are better off avoiding them entirely.

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      Sales & MarketingStaff

      Reviewed April 21, 2025

      They will steal your earnest money then refuse to give it back to you when you’re no longer comfortable giving your money to incompetent or intentionally scammy company. Their director of sales Cole ** blew off my fiance and I for 3+ weeks as we tried to get a hold of him but he is a complete bully and only cares about filling the pockets of himself and this company over helping young couples trying hard to make it in this difficult economy.

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      Staff

      Reviewed Feb. 22, 2025

      Thank God the house is nice. My experience with the Lending group was terrible. They wasted my time and tied up my cash. I was able to switch lenders and get to closing within 7 days. This may be one of the first time I truly felt singled out and possibly discriminated against. I am gainfully employed, have excellent credit and cash to close but Lennar continued to find ways to not help me. Fortunately I was able to engage a competitor with ethics and get the deal done. Had this purchase not been for my mother and she had not fallen in love with the property I would have walked away. On a positive note. The closing was pleasant the the Notary was highly professional and positive. He is not representative of the organization.

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      Lennar Mortgage Company Information

      Company Name:
      Lennar Mortgage
      Website:
      www.lennarmortgage.com