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Glendenning Mortgage Corporation Review

If you are in the market for a new mortgage, choosing the right lender can be a daunting thing to do. With that in mind, we have made this Glendenning Mortgage Corporation review to help you.

This review will provide an in-depth evaluation of their services and offerings to help you decide whether they are the right lender for you. We will go over the pros and cons of working with Glendenning Mortgage Corporation, as well as dive into their background and company history.

On top of that, we will also discuss their loan options, rates, customer service, and more. By the end of this post, you should have all the information you need to make an informed decision about your new mortgage partner.

Glendenning Mortgage Corporation (GMC) is based in Toms River, New Jersey and they provide conventional loans, VA loans, FHA loans, and USDA loans. The company also offers loan and debt consolidation.

Mortgage Programs Conventional, FHA, VA, USDA
Loan Amount Up to $1,500,000
Loan Terms (Years) 10, 15, 20 and 30 year terms
Credit Score Ranges N/A
Origination Fee Yes
Prepayment Fee No
Joint Loan Applications Accepted N/A
Required Employment Statuses Full-time and part-time
Intended Use Home purchase, home renovations and refinancing
Minimum Age N/A
Property Type Residential
Verification Documents Needed Pay stubs, tax returns

What Mortgage Programs Does Glendenning Mortgage Corporation Offer?

When deciding on the specific lender it’s essential to be familiar with the different loan programs they offer. This is what Glendenning Mortgage Corp offers to its clients:

  •     Conventional mortgage
  •     FHA
  •     VA
  •     USDA

As you can see, this mortgage bank offers some government-backed loans as well as conventional mortgages. We would say this isn’t a huge variety when it comes to mortgage programs but it may still be suitable depending on your needs.

How Much Can You Borrow from Glendenning Mortgage Corporation?

When it comes to getting a loan, the allowed amount you can borrow is a crucial thing to know. Of course, this depends on many different factors such as your income, credit score, and other things.

With this said, the maximum allowed borrowing amount with Glendenning Mortgage Corporation is $1.5 million. Even though that is the maximum allowed amount, we do advise that you speak with your loan officer before signing the loan agreement.

How to Get a Loan from Glendenning Mortgage Corporation

Just like with any other mortgage banker, the loan application process is similar if not the same. The first thing you will need to do is of course know how much money you actually need. After you know the answer to that question, you will need to find the most suitable lender for yourself. We do advise you to shop around and compare different lenders available.

So, if you are interested in getting a loan from Glendenning Mortgage Corporation, we will list below the process how to do so. You can also apply online on their website or you can go directly to their office. 

  • Spruced up your credit
  • Settled on a loan amount
  • Picked the best type of loan
  • Run the numbers

The loan application process is easy to start. Simply tell the lender you want to borrow money, and tell them what you’re going to do with the funds.

Glendenning Mortgage Corporation Rates, Terms, and Fees

Glendenning Mortgage Corporation offers mortgage terms of up to 30 years. This is a standard loan term for most mortgage companies.

This long-term will ensure you get the lowest possible monthly payment but also that you will pay quite a lot in interest fees over time. We suggest you also look at other loan lengths this mortgage banker offers which are 10, 15, and 20 years and see if those suit you better.

When it comes to the Glendenning Mortgage Corporation rates, there is nothing disclosed on their website. As we have mentioned this is a major red flag and can present a lot of issues for future clients.

Glendenning Mortgage Corporation does charge mortgage origination fees to its clients. These are charges set by a lender for issuing a loan to a borrower and can be either a flat fee or a percentage of the loan amount.

We also found that the company charges from $1,000 to about $5,000 for originating the loan although this amount can be even higher for some loan types.

Lastly, Glendenning Mortgage Corporation does not charge prepayment fees on any of its loans. This policy gives borrowers the flexibility to pay off their loans early without incurring any additional costs.

Prepayment fees are charges assessed by a lender when a borrower pays off their loan before the end of the loan term. These fees are typically a percentage of the outstanding loan balance and can vary significantly from one lender to another.

How Long Can You Get a Fund from Glendenning Mortgage Corporation?

The estimated funding time for Glendenning Mortgage Corporation is approximately two weeks. This timeframe may vary depending on the specific loan program and the individual borrower’s qualifications. For example, FHA loans typically take longer to fund than conventional loans.

Be sure to ask about this wait time before you submit your application just so you know how long it may take in your individual case.

Glendenning Mortgage Corporation Accepts What Sorts of Property Usage?

Glendenning Mortgage Corporation offers a variety of property usage types for its mortgage products. These include:

  •     Primary residences
  •     Second homes
  •     Vacation homes
  •     Townhouses

If you’re not sure which property usage type is right for you but still want to work with this company, Glendenning Mortgage Corporation’s team can help you.

Pros and Cons of Glendenning Mortgage Corporation

There are many lenders out there and choosing the right one can be hard. Glendenning Mortgage Corporate might be a good solution for you but there are pros and cons you should consider and weigh out before making a decision.

One of their biggest benefits is that they have been in business for many years. They were established in 1989 and have been working ever since. On the downside, they are not a BBB or HUD-accredited company and this presents a major red flag.

Another issue they have is that their website lacks half of the information and their interest rates are nowhere to be found.


  •     Long years in business
  •     No prepayment fees
  •     Long loan terms


  •     Not BBB accredited
  •     Not HUD accredited
  •     No interest rates disclosed
  •     The website is missing a lot of information

Glendenning Mortgage Corporation Customer Service

The general reviews seem to be that Glendenning Mortgage Corporation provides excellent customer service and has a great user experience. 

Glendenning Mortgage Corporation is based in Toms River, New Jersey but they provide their service in other states as well. Down below we will provide you with the basic information such as their office address, phone number, and email so you can contact them if you want to.

Corporate Headquarters

81 East Water Street, 3rd Floor Toms River, New Jersey 

Phone: (732) 240-7227

Fax: (732) 240-7230

Email: [email protected]

Glendenning Mortgage Corporation Customer Satisfaction

It is difficult to find truly objective Glendenning Mortgage Corporation reviews because the company lacks a lot of information. However, we did our best to find customer feedback in order to get a sense of what people think about their experience with this company.

There are, of course, some negative reviews out there. With most of them being that they are not satisfied with the loan terms and offers that Glendenning Mortgage Corporation provides.

Overall, customer satisfaction with Glendenning Mortgage Corporation is very average and the rating of 3.8 proves that. There is a lot of space for them to improve.

And in case you want to work with a lender that has better ratings and is a reputable one, feel free to reach out to us. We will do our best to find you a lender that is going to be the best fit for you and your needs. 

Summary of Glendenning Mortgage Corporation

  • Glendenning Mortgage Corporation is a mortgage banker that has been in business since 1989.
  • They are based in Toms River, New Jersey but offer their services in Florida, Pennsylvania, and New York as well.
  • The company does not have a BBB or HUD accreditation for providing mortgage services.
  • They offer 4 different loan programs: FHA, VA, USDA, and conventional.
  • Overall customer satisfaction with their services is good as they have a 3.8 out of 5-star rating.

Glendenning Mortgage Corporation FAQs

1. Does Glendenning Mortgage Corporation charge origination fees?

Glendenning Mortgage Corporation does charge an origination fee for issuing a loan to a borrower.

2. Where does Glendenning Mortgage Corporation operate?

They are based in Toms River, New Jersey but offer their services in Florida, Pennsylvania, and New York as well.

3. What is the longest loan term you may get from Glendenning Mortgage Corporation?


The longest loan term you can get from this mortgage banker is 30 years, which is pretty standard.

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