Agora Lending mortgage review: An online lender good for exploring loan terms

Family baking cookies in kitchen of their new homeImage: Family baking cookies in kitchen of their new home

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Agora Lending mortgage loans at a glance

  • Conventional loans: Yes
  • FHA loans: No
  • VA loans: No
  • Refinancing: Yes
  • Jumbo loan: Yes
  • Adjustable rates: Yes (3/1, 5/1, 7/1 and 10/1 terms)
  • Fixed rates: Yes (10, 15, 20, 25 and 30 years)

Agora Lending is an online lender that specializes in mortgages and refinancing. The company stands out for having many options for fixed-rate and adjustable-rate mortgages as well as offering jumbo loans. But a drawback to Agora is that it doesn’t offer any government-backed options, such as FHA or VA loans, for purchasing a home — those options are only available for refinancing.


  • Offers a wide variety of fixed-rate and adjustable-rate mortgages
  • VA and FHA options are only available for refinancing
  • Offers loans to real estate investors


  • Doesn’t offer any government-backed loans for home purchases
  • You must enter your email address and phone number and agree to let the lender contact you before receiving a rate quote

4 things to know about an Agora Lending mortgage loan

If you’re considering getting a mortgage with Agora, here are some things you should consider. 

1. Agora offers a variety of loan terms

One of Agora’s biggest plusses is the range of loan terms available. If you’re looking for a fixed-rate, adjustable-rate or jumbo loan, the company has more than two dozen options for borrowers to choose from.

The lender also provides home loans for investors who are looking to purchase a rental property or buy a home to fix and flip.

And if you’re refinancing and want to take cash out of your home by tapping into equity you’ve built, Agora offers that option as well.

2. Agora offers competitive rates  

Agora is pretty transparent about its lowest starting interest rates and shares this information in multiple locations on its website.

The lender says it uses “advanced” technology to offer low rates on its mortgages, though it doesn’t explain what that technology is. Agora doesn’t give information on its website about credit and down payment requirements, either.

But you’ll likely need to have a strong credit history and low debt-to-income ratio to qualify for Agora’s lowest available rates.

3. No government-backed loan options for purchases

While Agora does offer many choices for conventional loans, it falls short on government-backed loans. It doesn’t offer USDA, VA or FHA loans for home purchases. It does offer VA and FHA loans for refinancing, which makes it more attractive for that purpose. But the lack of purchasing options could be a deal-breaker for some people.

4. An email address and phone number are required to receive a rate quote

If you want to receive a rate quote to see what you could potentially borrow, you can call Agora directly or fill out a form online. But you’ll be required to enter your email address and phone number to receive a rate quote.

The online form is easy to fill out, but you’ll have to agree to let the company contact you to receive your quote. That can be a big downside if you don’t want to give your personal information to a lender before having an idea of the rate you might qualify for.

Who is an Agora Lending mortgage loan good for?

Agora Lending could be a good choice if you want to take out a conventional loan. The company offers many options for fixed-rate, adjustable-rate and jumbo loans.

The company also offers cash-out refinancing options. That could be appealing if you want to use the equity in your home to finance home improvements, pay for higher-education costs or consolidate high-interest debt. And while there are no government-backed purchase options, you can refinance with an FHA or VA loan.

People with a strong credit history will appreciate Agora’s competitive rates. And the company is pretty upfront about its rates, updating them daily on the website.

How to apply for a mortgage with Agora Lending

There are two ways you can apply for a mortgage with Agora Lending: You can call the lender directly and speak to a loan officer, or start by submitting a rate-quote request online.

The online application is fairly straightforward, but you’ll have to enter your personal information and agree to let the company contact you directly. If you’re approved, the application process can be completed online, and you can sign your paperwork electronically.

Agora says the following documentation may be required from homebuyers:

  • A cashier’s check to cover the down payment and closing costs 
  • A driver’s license or state-issued ID
  • Proof of homeowner’s insurance
  • Additional paperwork that hasn’t been turned over to the title company

Not sure if Agora Lending is right for you? Consider these alternatives.

If you’re shopping for a mortgage, you have a window of time to check out offers from multiple lenders without racking up a bunch of hard credit inquiries that can damage your credit scores a bit. Typically, the time frame is 14 days — though it could be longer depending on the scoring model — so it’s a great opportunity to sift through your options.

About the author: Jamie Johnson is a Kansas City-based freelance writer who specializes in finance and business. She covers a variety of personal finance topics, including building credit, credit cards, p… Read more.