Gives aspiring homeowners an easier and more flexible path to homeownership

loanDepot, Inc. ("LDI" or "Company") (NYSE: LDI) has launched its new “accessZERO” program intended to make homeownership more accessible for aspiring homebuyers grappling with traditional down payment requirements, high-interest rates and rising home prices. With affordability concerns eroding consumers' purchasing power, accessZERO is a powerful option that offers financial flexibility by providing an alternative to one of the barriers to homeownership.

The program is available nationwide1 for FHA purchase mortgages2 and offers up to five percent in downpayment assistance structured as a 10-year fully amortized repayable second mortgage. It is open to first-time and repeat homebuyers who meet minimum credit score and debt-to-income (DTI) ratio requirements.

“As we continue to unlock new ways for our customers to purchase homes in today’s challenging market, accessZERO helps address a significant barrier, particularly for first-time buyers grappling with the obstacle of saving for the higher-down payments that come with the rising costs of housing,” said LDI Mortgage President Jeff Walsh.

Complementing accessZERO and its roster of products aimed at increasing home affordability, loanDepot offers a holistic suite of digital tools designed to support first-time buyers through every stage of the home-buying journey.

To learn more and apply for a loan with accessZERO call or visit a local loanDepot branch near you.

About loanDepot

loanDepot (NYSE: LDI; NMLS # 174457) is an equal housing lender and digital commerce company committed to serving its customers throughout the home ownership journey. Since its launch in 2010, loanDepot has revolutionized the mortgage industry with a digital-first approach that makes it easier, faster and less stressful to purchase or refinance a home. Today, as one of the nation's largest non-bank retail mortgage lenders, loanDepot enables customers to achieve the American dream of homeownership through a broad suite of lending and real estate services that simplify one of life's most complex transactions. With headquarters in Southern California and offices nationwide, loanDepot is committed to serving the communities in which its team lives and works through a variety of local, regional and national philanthropic efforts.

1 Not available in New York

2 Only eligible in conjunction with a standard 203(b) FHA purchase transaction

Jonathan Fine VP, Public Relations (781) 248-3963 jfine@loandepot.com

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