
Valon Mortgage Reviews
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About Valon Mortgage
Valon Mortgage, formerly known as Peach Street, is a mortgage lender and servicer, as well as an insurance provider. Homebuyers can apply online for a mortgage preapproval in less than 15 minutes and close on their home in as little as 15 days.
- Closings may take as little as 15 days
- Services most of its loans
- Fast online mortgage application
- Doesn’t list rates online
- Loans generally require 10% to 20% down payment
- No prequalification option
Our editor’s take
Valon Mortgage claims closing on a home can take as little as 15 days. People who don’t want to be passed off to an unknown mortgage servicer once their loan closes will also appreciate that Valon Mortgage typically doesn’t sell its loans. That means you’ll likely only work with one company for the life of your loan.
However, homebuyers who might prefer working with a long-established company might feel uneasy with Valon Mortgage, since it’s only been around since 2019. Also, buyers looking to make a small down payment might not find many options with Valon. It generally requires at least 10% down for its loans and doesn’t offer many government-backed loans. It only offers Federal Housing Administration (FHA) loans, so it doesn’t offer U.S. Department of Veterans Affairs (VA) loans or U.S. Department of Agriculture (USDA) loans.
How does Valon Mortgage work?
You can fill out Valon’s online application for a loan, or you can call or email Valon to get started. Valon’s lenders will do a hard credit pull, which will temporarily impact your credit score. It doesn’t offer prequalification.
From there, someone from its lending team will contact you about the best loan for your needs and your preapproval. Once a seller accepts your offer, Valon claims it can close on your mortgage in as little as 15 days.
In most cases, Valon will also be your loan servicer, so you’ll continue to work with the company for as long as you have the loan. Its online portal will track your mortgage’s progress and manage your payments.
» MORE: How to apply for a mortgage
Valon Mortgage products and services
Valon Mortgage offers standard mortgage products like conventional loans, jumbo loans and FHA loans. If you’re refinancing, your options include cash-out refinancing, home equity loans and home equity lines of credit (HELOCs).
Besides home loans, Valon sells home insurance, auto insurance and specialty insurance such as coverage for floods, earthquakes, pools, landscaping, jewelry, collectibles, artwork, Airbnbs, home-based businesses and other special situations.
Conventional loans
Valon usually requires borrowers to put a 10% to 20% down payment on a home to be eligible for its conventional loan. It offers both fixed- and adjustable-rate mortgages (ARMs).
Jumbo loans
Valon’s jumbo loans come with fixed or adjustable rates.
FHA loans
FHA loans are designed for low-to-moderate-income homebuyers purchasing a primary residence.
Valon Mortgage rates
Valon doesn’t disclose its mortgage rates online. It only states that your rate depends on factors like your:
- Loan type
- Credit score
- Down payment amount
- Loan amount
- Property value
- Intended use of property
Valon Mortgage fees
Valon doesn’t disclose all of its fees for its loan products. However, it posts its mortgage servicing fees, so you know the fees you might need to pay throughout your loan term. Valon doesn’t charge to cancel your escrow or generate a payoff statement, but some of the fees it may charge are outlined in the table below.
| Fee type | Cost |
|---|---|
| Expedited payoff statement | Up to $5 |
| Nonsufficient funds or returned payment | Up to $20 |
| Late payment | Up to 5% of monthly installment |
| Assumption, transfer of ownership or release of liability | Up to $900 |
| Partial release, easement or subordination | Up to $250 |
| Recording | Up to $500 |
| Lien release | Up to $50 |
| Appraisal or broker price opinion | Up to $1,200 |
| Foreclosure | Up to $6,000 |
| Property inspection | Up to $75 |
| Property preservation | Up to $1,500 per item |
| Recast | Up to $250 |
How does Valon Mortgage compare?
Valon Mortgage offers similar purchase and refinance options as other lenders, but it’s available in fewer states. Here’s how it compares with other mortgage lenders.
| Company | Customer rating | Purchase options | Refinancing options | Minimum credit score | Availability | |
|---|---|---|---|---|---|---|
![]() Valon Mortgage | Learn More | 1.0 | Conventional, Jumbo, FHA | Cash-out, HELOC, home equity | 620 for refinanced loans; unspecified for other loans | Available in all states except HI, MA, NV, NY and UT |
![]() Rocket Mortgage | View Rates | 4.0 | Conventional, FHA, VA, jumbo | Cash-out, rate and term | 580 to 620 | Nationwide |
![]() New American Funding | View Rates | 1.7 | Conventional, FHA, VA, USDA, jumbo | Cash-out, rate-and-term, cash-in | 580 to 640 | Nationwide |
FAQ
How long has Valon Mortgage been in business?
Valon Mortgage has been in business since 2019.
Where is Valon Mortgage available?
Valon Mortgage is licensed in all 50 states, according to its website. However, it states that it doesn’t offer mortgages for residential properties in Hawaii, Nevada, New York and Utah. Its other home loan products vary by state. For instance, its home equity products are only available in 36 states.
What are the benefits of using Valon Mortgage?
Some of the benefits of using Valon Mortgage include its online application and quick closing process. It also services most of its loans, and it discloses many of its mortgage servicing fees online, which is uncommon among lenders.
Still have questions?
Is Valon Mortgage legit?
Valon Mortgage is a legitimate mortgage lender that’s licensed with the Nationwide Multistate Licensing System (NMLS). It’s headquartered in New York.
Valon Mortgage Reviews
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Valon Mortgage Company Information
- Company Name:
- Valon Mortgage
- Website:
- valon.com









