It is now available in 46 states
Ally Home, the residential mortgage lending arm of Ally Bank, has announced expanding its services into Massachusetts, Vermont and Virginia.
According to its release, the move comes as Ally Home continues to execute plans to bring its digital mortgage services to consumers in all 50 US states.
The company, which currently operates in 46 states and the District of Columbia, is poised for a nationwide rollout. In addition to the three additional states, Ally Home plans to launch in Hawaii and New Hampshire this spring, followed by Nevada and New York by the end of 2022.
“The past few years have brought unprecedented challenges for prospective homebuyers as they continue to navigate an especially competitive housing market, making speed and simplicity in the mortgage process more important than ever before,” said Glenn Brunker, president of Ally Home. “Whether you’re a first-time homebuyer or a borrower with existing equity, purchasing a new home is an incredible milestone. Ally’s goal is to make the process as enjoyable and straightforward as possible with a modern, fast and digital-first experience that will now help more customers nationwide purchase the home of their dreams.”
Read next: Nerdwallet reveals how many borrowers failed to close deal last year
Ally Home claims that, unlike most banks and lenders, it has no application, origination, processing or underwriting fees. Its digital mortgage platform offers a variety of loan products ranging from fixed- or adjustable-rate mortgages, jumbo loans, and mortgage refinancing.
