SCORE: 4.6
By Josephine Nesbit
Homefinity Mortgage Evaluate 2021 | The Easy Greenback
Overview
Homefinity is a web-based mortgage lender with company headquarters in Madison, Wisconsin. Launched in 2018, the lender has grown to greater than 65 mortgage originators on employees, 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. “During the last two years, our underwriting by no means exceeded 72 hours, which is tremendous spectacular,” says Jeff Groff, Homefinity senior vice chairman 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 telephone or by way of Homefinity Xpress app
- Mortgage originators obtainable 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 obtainable 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 mother or father firm Fairway Unbiased Mortgage Company has been accredited with the Higher Enterprise Bureau since 2003 with an A+ score and 4.97 out of 5 stars based mostly on greater than 3,000 buyer evaluations.
Refinancing with Homefinity
You will have the choice to refinance with Homefinity, however just like making use of for a purchase order mortgage, you will need to present your contact data so {that a} mortgage officer can attain out and help you with the method.
Evaluate 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 quite a lot of components regarding the lender’s services. The Easy Greenback’s companions compensate us, however our opinions are our personal, and associate relationships don’t affect our evaluations. Right here is our full methodology.
Click on right here to learn all Homefinity shopper evaluations.
