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Ally Home Expands Into Mass., Vt., & Va.

David Krechevsky
Mar 30, 2022

Expansion part of company’s plans to expand into all 50 U.S. states.

Ally Home, the residential mortgage lending arm of Ally Bank, says it has expanded its services into Massachusetts, Vermont, and Virginia.

The expansion is part of the company’s plan to bring its digital mortgage experience to consumers in all 50 U.S. states.

Ally Homes is currently available in 46 states and the District of Columbia, and Ally plans to complete its nationwide rollout by adding service in Hawaii and New Hampshire this spring, followed by Nevada and New York by the end of the year, the company said.

"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, Allyl Home president, said. "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 features a digital-only platform that boasts no application, origination, processing, or underwriting fees; pre-approval in just minutes, and personalized support from a team of home-loan experts, the company said.

Ally Home, based in Charlotte, N.C., offers fixed- or adjustable-rate mortgages, as well as jumbo loans and mortgage refinancing. It is a division of Ally Financial Inc., a digital financial services company that also includes an industry-leading independent auto finance and insurance operation; a digital direct bank; a consumer credit card business; a corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services.

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