Originally a major name in student lending, Credible has recently expanded its services to cover home loans as well. The company is a loans marketplace, so while it doesn’t originate its own loans, it can help uncover a lender that can work with your financials and your desired terms. This means that Credible offers the ability to compare your options and find a loan that is ideal suited for your new home. With an online-only approach and a network of trusted partners, Credible is an intriguing new entrant into the mortgage industry.

Credible - The Basics

Loan Types Offered

Mortgage (fixed and adjustable rate), Refinance

Additional Loan Programs

Jumbo Loans

Loan Terms Available

Fixed rate: 10, 15, 20, 25, 30 years

ARM: 3/1, 5/1, 7/1, 10/1

Jumbo: 15, 30 years

Jumbo ARM: 5/1, 7/1, 10/1

Minimum Credit Score


Origination Fees

Depends on the Lender

Lender Types

Loan marketplace

Down Payment


Who is Credible For?

Due to its marketplace nature, Credible is a great source of information for those who want to view multiple lending options before committing to a loan, but don’t necessarily have the time to collect all the relevant information. With a single 3-minute application, customers can receive several offers that match their credit profile and financial situation, as well as their desired term.

Furthermore, one of the great aspects about marketplace lenders like Credible is that even if your credit isn’t excellent, you can still likely find a loan provider willing to work with you. Thanks to its automated application and closing process, this is ideal for borrowers facing a time crunch, or those who would prefer not to deal with humans while they complete their mortgage application.

Loan Types Offered

Even though it only offers traditional loans and refinancing, Credible still provides several alternatives to meet your preferences and needs. The company’s partners support both fixed rate and adjustable rate varieties and include an impressive range of repayment terms and options. The company’s network offers the following:

  • Fixed rate home loans
  • Adjustable rate home loans
  • Fixed rate jumbo loans
  • Adjustable rate jumbo loans
  • Cash-out refinancing

Loan and Repayment Terms

One area where Credible shines is the significant range of repayment terms available for your potential loan. The company’s fixed rate mortgages come in 10, 15, 20, 25, and 30-year varieties, and its adjustable rate mortgages feature an impressive 3/1, 5/1, 7/1, and 10/1 range of choices. Both of these are significantly more expansive than the majority of lenders which commonly only offer two options in each category.

Both fixed-rate and adjustable-rate jumbo loans also feature a good range of repayment terms, though they are understandably more limited than conventional mortgage options. Fixed rate jumbo loans are available in both 15- and 30-year options, while adjustable rate varieties come in 5/1, 7/1, or 10/1 repayment terms. The company’s partners also offer refinancing loans with 10, 15, 20, 25, and 30-year terms.

Credible Loan Features

We also greatly appreciated how easy it is to get started and even complete the mortgage process directly from Credible’s platform. When you first log in, you can complete the company’s single pre-approval application in under three minutes. Once submitted, you’ll quickly be shown several alternatives from Credible’s network of lending partners so you can begin selecting your preferred lender.

Unlike many other marketplaces that simply stop assisting after this step, Credible lets you complete the entire loan process directly through its web portal and its digital application. This way you can close your loan without ever having to speak to anyone or interface with your chosen lender, if you prefer that type of relationship. Additionally, the company works with some of the top names in mortgage lending, including major providers like Quicken Loans, JMAC Lending, LoanDepot, and United Wholesale Mortgage.

Customer Support

We would like to see Credible invest more effort into building its educational resources, but currently the company does well when it comes to customer support. To reach Credible, you can use the website’s built-in live chat feature which connects you instantly to a support representative. The company is also reachable via email, and even through social media channels like Twitter and Facebook.

If you prefer to locate your own answers, you can read through Credible’s valuable FAQ section, which covers the application process and other important questions you may encounter about obtaining a loan through Credible.


After establishing itself as a major player in the student loans world, Credible is now aiming at the mortgage lending sector. So far, the results have been greatly encouraging, and offer borrowers the ease of a digital approach with the results of working with a personalized adviser. The company’s easy automated application process cuts down the hassle involved in finding, submitting, and collecting all the right documentation approved for loans. Finally, with such an extensive range of loan repayment terms available, you can find a loan that ideally matches your personal financial situation.