Homefinity Mortgage Overview 2021 – The Easy Greenback

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POINTS: 4.6

By Josephine Nesbit

Homefinity Mortgage Rating 2021 | The simple dollar

SimpleScore

4.6 / 5.0

SimpleScore Homefinity mortgage 4.6

overview

Homefinity is an online mortgage lender headquartered in Madison, Wisconsin. The lender was founded in 2018 and has grown to include 65+ lenders, most of whom have more than 15 years of industry experience. It is licensed in 48 states (excluding Nevada and New York) and Washington, DC, and has $ 1.98 billion in loans in 2020. Of the advantages of working with Homefinity, the lender stands out for its speedy underwriting. “In the past two years, our underwriting has never exceeded 72 hours, which is very impressive,” said Jeff Groff, Homefinity’s senior vice president of business development and strategic planning. The average completion takes 30 days.

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Breakdown of Homefinity Rating Score

  • Affordability: 14.75 / 15
  • Availability: 14/15
  • Borrower’s Experience: 10/10

Advantages and disadvantages

benefits
  • Apply online, by phone or via the Homefinity Xpress app
  • Lenders are available 24/7 and borrowers communicate with the same person from start to finish
  • Real-time prequalification or pre-approval on the same or next day
disadvantage
  • Not available in Nevada or New York
  • Not all lenders are licensed in all states

Good for

In-depth advice from a dedicated loan officer and a quick, convenient process

call

Homefinity’s parent company, Fairway Independent Mortgage Corporation, has been accredited by the Better Business Bureau with an A + rating of 4.97 out of five stars based on more than 3,000 customer reviews since 2003.

Refinancing with Homefinity

You have the option of refinancing with Homefinity, but similar to applying for a purchase loan, you’ll need to provide your contact details so a loan officer can reach you and help you with the process.

Verification methodology

To determine a mortgage lender’s SimpleScore, The Simple Dollar editorial team rates lenders on a scale of one to five stars based on a variety of factors related to the lender’s products and services. Simple Dollar’s partners compensate us, but our opinions are our own and partner relationships do not affect our ratings. Here is our full methodology.

Click here to read all of Homefinity’s customer reviews.

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