Mission Loans Reviews

Mission Loans offers solid home loan options for buyers wanting standard mortgage products — conventional, FHA, VA, jumbo and some non‑traditional options like bank statement loans. Once you buy a home with a Mission Loans product, you can refinance with the company in the future and it will waive your origination fee.

If you’re in the market for a USDA loan, Mission Loans is not a good choice and does not offer them. We also wish the company were more tech-forward and transparent. Borrowers who prefer fully self‑service digital applications with easy rate shopping might find big online lenders a better fit.

Mission Loans offers fixed‑ and adjustable‑rate mortgages, but it doesn’t currently post a rate table or detailed pricing on its website. Rates and loan terms depend on a variety of factors, and you’ll need to speak with the lender or complete an online inquiry for a personalized quote to see starting rates, closing costs and other fee details.

When you’re ready to start shopping for rates or to apply for a loan, you can contact Mission Loans via email, through the online inquiry form or over the phone. From there, a loan officer typically gathers more details, walks you through your options and helps you move from quote to preapproval and then full application.

Like most mortgage lenders, you can expect Mission Loans to eventually need documentation like bank statements for the last 30 days, W-2s or tax returns for the last year, your Social Security number, a government-issued ID and recent pay stubs.

Mission Loans application features

Mission Loans offers the following loan products in both fixed and adjustable-rate terms. Jumbo loans, which exceed conventional loan limits, are also available.

• Conventional loans: Borrowers will need a credit score of 620 to qualify for a conventional loan with Mission Loans. While you can put as little as 3% down on your conventional loan, you will need to pay private mortgage insurance (PMI) if you put less than 20% down.
• FHA loans: For borrowers who don’t meet the requirements of a conventional loan, an FHA loan allows you to qualify for a home purchase with a 580 credit score or higher and a 3.5% down payment.
• VA loans: For eligible military members or their spouses, a VA loan allows you to purchase a home with 0% down. While there is no set credit score for VA loans, Mission Loans recommends having a low- to mid-600 credit score. Mission Loans also offers unique buying options, such as the Native American Direct Loan Program, which gives Native American veterans access to federal land.
• Jumbo and specialty loans: Mission Loans offers jumbo loans for higher‑priced homes and non‑traditional options such as bank statement loans for self‑employed borrowers or those with non‑traditional income sources.

Mission Loans doesn’t advertise USDA Rural Development loans, so rural borrowers needing USDA financing may need to look elsewhere.

Refinancing and Family Plus

Mission Loans also offers rate‑and‑term and cash‑out refinances on many of the same loan types it uses for purchases. Plus, if you closed your home with Mission Loans or an eligible partner, Mission will waive its lender origination fee on a future refinance through the company’s Family Plus Program.

Family Plus applies to conventional, VA and FHA refinances, but not home equity lines of credit (HELOCs), closed‑end second loans or loans already tied to down payment assistance. You’ll still be responsible for any underwriting or third-party fees associated with refinancing.

Mission Loans doesn’t post a single minimum credit score or debt-to-income rules on its site. Instead, requirements follow general national mortgage guidelines and vary by loan program.

It does mention that those applying for a VA loan should expect a credit score in the 600s or higher. VA loans also require a certificate of eligibility (COE).

The table below reflects widely accepted national baselines rather than Mission‑specific rules:

Mission Loans doesn’t publish a fee schedule on its website. However, it notes that homebuyers should budget for closing costs (typically 2% to 6% of the purchase price) plus any applicable mortgage insurance premiums.

You can also expect to pay a higher interest rate on a conventional loan if you pay a lower down payment.

Compared with some of its large national competitors, Mission Loans does not offer the convenience perks of instant online applications or a mobile app. Many lenders, like Rocket Mortgage, allow buyers to go through the entire mortgage process online and offer an app to help you conveniently manage your monthly mortgage payments.

Because Mission Loans doesn't publish public rates, you’ll need to compare its offers directly against quotes from other lenders to see how its pricing stacks up for your situation.

Yes. Mission Loans is a legitimate, licensed mortgage company. Its leadership team cites more than two decades of combined experience in the mortgage industry, and the company is an Equal Housing Opportunity lender.