Allnet Group

What Allnet Group does

Allnet Group, Inc., doing business as Allnet Mortgage, is a privately held residential mortgage brokerage founded in 1994 and headquartered in Mineola, New York, with a second office in Hardeeville, South Carolina. The company originates residential mortgage loans as a broker across a diversified product set that includes FHA, VA, USDA, conventional, one-time-close construction, jumbo, and DSCR investor loan programs, supplemented by 1% down and 0% down down-payment assistance offerings. Its operation is functionally a solo loan officer practice centered on principal Kenneth Longo, a 35-plus-year industry veteran (NMLS ID 73934, company NMLS ID 1115606), supported by a headcount of 1-10 employees.

The business model is a transaction-fee wholesale brokerage: Allnet earns origination fees and rate-spread economics on funded loans, leveraging a wholesale relationship with what it describes as the largest U.S. mortgage originator to obtain volume pricing it passes through to borrowers. Underwriting, processing, and the loan application intake occur through Blink Mortgage, a third-party platform integrated as a partner, while Allnet's primary go-to-market is direct consultative sales via phone, video, in-person, and online consultation booking. Pricing is quote-based rather than tiered publicly, with operational promises of 48-hour approval and 21-day closing.

The firm serves borrowers in New York and South Carolina, with targeted segments including veterans and active-duty service members (VA loans), first-time homebuyers (FHA, 1%/0% down programs), rural and suburban buyers (USDA), real estate investors (DSCR), custom home builders (one-time-close construction), and high-value property buyers (jumbo). Marketing is driven by the loan officer's personal brand, 35-year track record, educational content on rate dynamics, and community involvement in the Latitude Margaritaville Hilton Head planned community and related Lowcountry associations. The business does not disclose revenue, has no external funding, and has no subsidiaries, indicating an owner-operated micro-brokerage rather than a scaling platform.

Name

Allnet Group

Legal name

Allnet Group, Inc.

Website

https://allnetmortgage.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Allnet Group is a privately held, owner-operated residential mortgage brokerage operating as Allnet Mortgage in New York and South Carolina, offering FHA, VA, USDA, conventional, construction, jumbo, and DSCR investor loans through a wholesale broker model led by principal loan officer Ken Longo.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Loan Brokers (6163), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Government Wholesale Lending (FHA/VA/USDA) (FSALACAE)

Keywords

• Residential mortgage lending
• FHA loan programs
• VA home loans
• Mortgage brokerage services
• DSCR investor loans

Headquarters

HQ city

Mineola

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Mortgage Origination Fees: Allnet Group operates as a mortgage broker/loan originator earning revenue through origination fees, interest rate spreads, and closing costs on mortgage loans. The company has wholesale relationships with the largest mortgage loan originator in the country, providing clients access to volume discounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Allnet Group, Inc. (DBA Allnet Mortgage) is a residential mortgage brokerage that originates and closes home loans on behalf of individual borrowers. Its product portfolio spans government-insured (FHA, VA, USDA) and conventional loans, One-Time Close Construction, Jumbo, DSCR Investor loans, and 0% and 1% down payment assistance programs, sourced through wholesale relationships with the largest U.S. mortgage originator.

Product overview

Allnet Group (operating as Allnet Mortgage) is a mortgage lending company offering a diversified portfolio of loan programs. The core offerings include government-insured loans (FHA, VA, and USDA) designed for first-time homebuyers and veterans, conventional loans for qualified borrowers, One-Time Close Construction Loans for building custom homes, Jumbo Loans for high-value properties, and DSCR Investor Loans for real estate investors. The company also offers specialized down payment assistance programs including 1% Down and 0% Down programs. These products are designed to serve various borrower segments including first-time homebuyers, veterans, self-employed entrepreneurs, and investors across New York and South Carolina markets.

Differentiator

Problem solved

Functional benefit

Products and services

• FHA Loans Federal Housing Administration backed mortgage loans offering low down payment requirements (as low as 3.5%), competitive interest rates, and flexible eligibility criteria designed for first-time buyers and those with varied credit histories.
• VA Loans Veterans Affairs home loans available to veterans and active-duty service members, featuring potential no-down-payment options, competitive interest rates, and elimination of private mortgage insurance (PMI) requirements.
• USDA Loans United States Department of Agriculture rural development loans offering no down payment requirements, competitive interest rates, and flexible credit requirements for homebuyers in eligible rural and suburban areas.
• Conventional Loans Mortgage loans not insured or guaranteed by the federal government, offered through private lenders with down payments as low as 3% and the ability to remove PMI once 20% equity is reached.
• One-Time Close Construction Loans Construction-to-permanent financing that combines construction and permanent mortgage into a single loan with one application, approval, and closing process; features include interest rate locking at application and streamlined conversion to a regular mortgage.
• Jumbo Loans High-balance mortgage loans designed for financing properties that exceed conventional loan limits, offering substantial loan amounts, fixed-rate and adjustable-rate options, and competitive interest rates.
• DSCR Investor Loans Debt Service Coverage Ratio investor loans that evaluate cash flow from investment properties rather than personal income, enabling larger borrowing amounts and portfolio growth opportunities for real estate investors.
• 1% Down Program Specialized down payment assistance program allowing qualified borrowers to purchase homes with only 1% down payment, combined with other financing solutions.
• 0% Down Program Second lien financing program providing 0% down payment assistance with no interest, no minimum monthly payment requirements, and a 360-month term with balloon payment upon refinance or payoff.

Quantifiable outcome

• 48-hour borrower approval timeline
• +2 more outcomes

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Guild Mortgage: Retail-focused mortgage lender with strong presence in government-insured and first-time homebuyer programs. Comparable due to emphasis on FHA/VA/USDA lending and branch/loan-officer model, though Guild operates as a direct lender rather than a broker.
• Plaza Home Mortgage: Wholesale and retail mortgage lender offering a broad product menu including government, conventional, jumbo, and non-QM. Comparable as a partner-channel-focused lender similar in spirit to Allnet's wholesale-driven origination model.
• Fairway Independent Mortgage Corporation: Independent mortgage lender with a branch-based retail model focused on government loans (FHA/VA/USDA), conventional, and niche products. Highly comparable as a branch-driven, loan-officer-led originator serving similar borrower segments, though operating at much larger scale nationally.
• Paramount Residential Mortgage Group (PRMG): Privately held, retail and wholesale mortgage lender offering government, conventional, jumbo, and non-QM products through branch loan officers. Closely comparable as a privately held, branch-based lender with a similar product menu and loan-officer-driven model.
• CrossCountry Mortgage: Privately held retail mortgage lender with branch-based loan officers focused on purchase and government loan programs. Comparable as a privately held, branch-driven originator with overlapping product set and similar loan officer economics.

Broad incumbents

• loanDepot: National mortgage lender (retail, wholesale, and consumer direct) offering FHA, VA, USDA, conventional, jumbo, and HELOC products. Comparable across the same product set but at national scale with retail call-center and digital capabilities.
• Rocket Mortgage: Largest direct-to-consumer mortgage lender in the U.S., offering FHA, VA, USDA, conventional, and jumbo products. Comparable because it competes for the same borrower across Allnet's product spectrum, but Rocket is a retail digital lender rather than a broker.
• Caliber Home Loans: National mortgage lender and servicer offering FHA, VA, USDA, conventional, and jumbo products through retail and correspondent channels. Comparable across product set, with overlap in government loan origination.
• NewRez (Newcastle Investment Holdings): National mortgage lender and servicer with retail, wholesale, and consumer direct channels offering government, conventional, and jumbo products. Comparable on product breadth, though operating at meaningfully greater scale.
• United Wholesale Mortgage: Largest wholesale mortgage lender in the U.S., operating the partner-broker channel that Allnet's wholesale relationship mirrors. Directly comparable because Allnet originates through wholesale channels on UWM-style infrastructure, but UWM operates at vastly greater scale with proprietary technology and a national broker network.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/allnetmortgage
• Facebookfacebook.com/allnetgroupinc
• LinkedInlinkedin.com/company/allnetmortgage

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allnet Group