SCORE: 4.6
By Josephine Nesbit
Homefinity Mortgage Assessment 2021 | The Easy Greenback
Overview
Homefinity is an internet mortgage lender with company headquarters in Madison, Wisconsin. Launched in 2018, the lender has grown to greater than 65 mortgage originators on workers, most of whom have greater than 15 years of expertise within the trade. It’s licensed in 48 states (not Nevada and New York) and Washington, D.C., and in 2020, closed $1.98 billion in loans. Of the advantages of working with Homefinity, the lender units itself aside with quick underwriting. “Over the past two years, our underwriting by no means exceeded 72 hours, which is tremendous spectacular,” says Jeff Groff, Homefinity senior vp of Enterprise Improvement and Strategic Planning. The typical closing takes 30 days.
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Breakdown of Homefinity evaluation rating
- Affordability: 14.75/15
- Availability: 14/15
- Borrower expertise: 10/10
Execs and cons
Execs
- Apply on-line, by cellphone or by way of Homefinity Xpress app
- Mortgage originators out there across the clock, and debtors talk with identical particular person from begin to end
- Actual-time prequalification or identical or subsequent day preapproval
Cons
- Not out there in Nevada or New York
- Not all mortgage originators licensed throughout all states
Good for
In-depth steering from a devoted mortgage officer and a quick, handy course of
Status
Homefinity’s father or mother firm Fairway Unbiased Mortgage Company has been accredited with the Higher Enterprise Bureau since 2003 with an A+ ranking and 4.97 out of 5 stars based mostly on greater than 3,000 buyer opinions.
Refinancing with Homefinity
You’ve got the choice to refinance with Homefinity, however much like making use of for a purchase order mortgage, you have to present your contact info so {that a} mortgage officer can attain out and help you with the method.
Assessment methodology
To find out a mortgage lender’s SimpleScore, The Easy Greenback’s editorial staff charges lenders on a scale of 1 to 5 stars based mostly on a wide range of elements referring to the lender’s services. The Easy Greenback’s companions compensate us, however our opinions are our personal, and companion relationships don’t affect our opinions. Right here is our full methodology.
Click on right here to learn all Homefinity client opinions.
