What is J.G. Wentworth Home Lending?
The J.G. Wentworth Company was founded in 1992 as a bank and financial services company. In 2015, the company purchased WestStar Mortgage and got into the mortgage lending business. J.G. Wentworth is headquartered in Chesterbrook, Penn.; and in 2017, it closed approximately $3.8 billion in loans.
Note : (Lender CTA are remaining to add.)
Working with J.G. Wentworth
J.G. Wentworth is currently licensed to do business in 46 states and Washington, D.C.
- Alabama
- Alaska
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
The company has home lending branch locations in 16 states: Arizona, California, Connecticut, Delaware, Florida, Georgia, Kansas, Maryland, Massachusetts, Michigan, Missouri, New Hampshire, New Jersey, Pennsylvania, Texas and Virginia.
J.G. Wentworth offers a variety of loan programs, so the minimum credit score required may vary depending on the type of mortgage you’re looking for. For an FHA loan, the minimum credit score required is 580. Other loan programs may require higher minimum scores.
If you don’t meet traditional requirements for a loan but have compensating factors that might make you a good candidate for a mortgage, the company offers manual underwriting that can increase your chance of getting approved.
J.G. Wentworth issues loans for:
- Single-family homes
- Multi-family homes (2 to 4 units)
- Condominiums
The company may also offer loans on co-ops and manufactured homes, but details are not available on the website, and a representative from the company could not be reached for more information.
J.G. Wentworth Home Lending products
J.G. Wentworth Home Lending offers a variety of fixed and adjustable-rate mortgages for purchasing or refinancing a home, or tapping your home’s equity.
Purchase
Refinance
Home equity
The mortgage application process
To start the application process, you’ll need to speak to a home loan specialist. You can talk to someone by calling 833-755-0521 or by clicking the Get My Rate button on the J.G. Wentworth Home Lending page, answering a few basic questions and providing your contact information so a home loan specialist can follow up with you.
Pros and cons of a J.G. Wentworth mortgage
Pros
- Wide variety of products. J.G. Wentworth offers a variety of loan programs, including conventional, FHA, USDA and VA-backed mortgages, home improvement loans and loans for vacation and investment properties.
- Convenient rate quotes. After providing some basic information on the property you want to buy or refinance and your estimated credit score, you can get an estimated interest rate for a 30-year fixed, 15-year fixed or 5/1 ARM mortgage. You don’t have to provide contact information to get an idea of the kind of rates the company offers.
- Offers manual underwriting.
Cons
- Loan officers are not available in all states.
- Website offers limited information.
Alternative mortgage options
Note : (Alternative lenders CTA are remaining to add.)