Positive reviews for loanDepot highlight the company's renovation loans, specifically the FHA 203k loan, which allows borrowers to finance the purchase or refinance of a home as well as renovation costs in one loan. Customers appreciate the ease of having renovation costs held in an escrow fund and released as milestones are met, making the process seamless and convenient. This unique feature sets loanDepot apart in the mortgage lending industry, providing flexibility and financial support for homebuyers looking to improve their property. Unique facts about loanDepot: - America's fifth-largest retail mortgage lender - Second-largest consumer non-bank lender - Based in Orange County, California LoanDepot specializes in offering a wide range of loan products, including home, personal, and equity loans, with a focus on renovation loans like the FHA 203k loan. The company prides itself on providing comprehensive lending solutions to meet the diverse needs of customers, making the home buying and renovation process more accessible and efficient.