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Ally Home, the residential mortgage lending arm of digital-only Ally Bank, has expanded into three more states, including Massachusetts.

Ally Home has launched its digital mortgage platform in Massachusetts, Vermont and Virginia, the company said in a statement Wednesday. Ally Home is now available in 46 states and Washington, D.C., the statement said. The company said it plans to complete the nationwide rollout by adding Hawaii and New Hampshire this spring and Nevada and New York by the end of the year.

The company said it is a top 25 bank in the retail lending space in the U.S., based on Federal Reserve statistics.

“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,” Glenn Brunker, president of Ally Home, said in the statement. “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.”

Ally Home has a digital-only platform with no application, origination, processing or underwriting fees, the according to the statement. The platform provides pre-approval in minutes, the company said, and offers support through a team of home loan experts.

The company also said that as Ally Home expands throughout the U.S., services will be added for consumers looking for fixed- or adjustable-rate mortgages, jumbo loans and mortgage refinancing.

Ally Home Launches in Massachusetts

by Banker & Tradesman time to read: 1 min
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