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Homefinity Mortgage Review 2024

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At a glance

Homefinity
NMLS: 2289
State License: 41DBO-78367
Editor's take

Homefinity is an imprint of Fairway Independent Mortgage, one of the top five mortgage lenders in the U.S. It offers many of the perks of an online lender, including up-to-the-minute rates and calculators to help you estimate your homebuying budget, refinance savings and more. It employs a smaller team of loan officers, but one that promises a fast, convenient process. If you’re a medical professional, this lender can help you get financing for your unique financial situation, too.

Bankrate Score
4.5
Rating: 4.5 stars out of 5
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Bankrate Score

Customer Rating
4.9
Rating: 4.94 stars out of 5

1,064 ratings

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Credit Good

Min. credit score required

620 for conventional loans, 600 or higher for FHA loans and VA loans (can be lower in some cases)

Location

Nationwide availability

All U.S. states except Nevada and New York

Dollar Coin

Min. down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans or USDA loans

At a glance

Homefinity

NMLS: 2289

State License: 41DBO-78367

4.5

Rating: 4.5 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Location

Nationwide Availability

All U.S. states except Nevada and New York

Credit Good

Min. credit score required

620 for conventional loans, 600 or higher for FHA loans and VA loans (can be lower in some cases)

Homefinity overview

Homefinity is an online mortgage lender affiliated with Fairway Independent Mortgage Corporation and headquartered in Madison, Wisconsin. Launched in 2018, the lender is licensed in 48 states (not Nevada and New York) and Washington, D.C. Of the benefits of working with Homefinity, the lender sets itself apart with fast underwriting, with closings for a purchase averaging 30 days.

Pros and cons of Homefinity

Pros
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    Apply online, by phone or via Xpress app

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    Loan originators available around the clock, and borrowers communicate with same person from start to finish

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    Real-time prequalification or same or next-day preapproval

Cons
  • Close X

    Not available in Nevada or New York

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    Not all loan originators licensed across all states

Our Editor’s Take on Homefinity

Homefinity is an imprint of Fairway Independent Mortgage, one of the top five mortgage lenders in the U.S. It offers many of the perks of an online lender, including up-to-the-minute rates and calculators to help you estimate your homebuying budget, refinance savings and more. It employs a smaller team of loan officers, but one that promises a fast, convenient process. If you’re a medical professional, this lender can help you get financing for your unique financial situation, too.

How Bankrate scored Homefinity

  • Affordability: Homefinity doesn’t charge lender fees, and its rates are very competitive compared to Bankrate’s averages (as of this review).
  • Availability: This lender works with borrowers in all but two states.
  • Borrower experience: Homefinity’s loan officers are available 24/7, and you’ll likely work with the same person throughout the process.

Affordability: 9.8/10

Homefinity showcases its latest mortgage rates on its website, and doesn’t charge lender fees. As of this review, the lender’s rates on 30-year loans were below Bankrate’s averages, making it a favorable option for those looking to compare the lowest rates.

Availability: 10/10

Homefinity provides conventional, FHA, VA and USDA mortgages, as well as loans tailored to physicians. The lender is available in all but two states (Nevada and New York).

Borrower experience: 7.3/10

Homefinity parent Fairway Independent Mortgage has been accredited with the Better Business Bureau since 2003 with an A+ rating. Fairway also ranked above average in J.D. Power’s 2021 and 2022 customer satisfaction surveys for mortgage origination.

How to apply for a mortgage with Homefinity

You can apply for a mortgage with Homefinity online or by phone at 800-614-1227. Here are some tips to prepare for the process:

  1. Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans.
  2. Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
  3. Provide details about the property. You’ll need to provide the address of the home and submit to an appraisal. (If you’re refinancing, you might or might not need an appraisal.)

Refinancing with Homefinity

Homefinity offers rate-and-term refinancing options.

Compare Homefinity to other lenders

Homefinity
Rating: 4.5 stars out of 5
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4.5

Bankrate Score
Bethpage Federal Credit Union
Rating: 4.9 stars out of 5
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4.9

Bankrate Score
Read full review
First Mortgage Direct
Rating: 4.8 stars out of 5
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4.8

Bankrate Score
Read full review

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Loans offered

Conventional, jumbo, FHA, refinancing and more

Loans offered

Conventional, jumbo, FHA, VA, USDA, refinancing and more

Min. credit score required

620 for conventional loans, 600 or higher for FHA loans and VA loans (can be lower in some cases)

Min. credit score required

620 for conventional loans, 500 for FHA loans

Min. credit score required

620 for conventional loans, 580 for FHA loans, 580 for VA loans

Down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans or USDA loans

Down payment

3% for conventional loans, 3.5% for FHA loans

Down payment

3% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans

Nationwide availability

All U.S. states except Nevada and New York

Nationwide availability

Available in all U.S. states except Texas

Nationwide availability

All U.S. states

Homefinity customer ratings and reviews

logo

NMLS: 2289

State License: 41DBO-78367

4.9

Rating: 4.94 stars out of 5

1,064 ratings

This lender has 85 recent reviews.

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 4.9 stars out of 5
Responsiveness
Rating: 4.9 stars out of 5
5 stars
4 stars
3 stars
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1 star
98%
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98% of customers would recommend this lender.

10 of 85 reviews

The consumer reviews posted on Bankrate.com ("Bankrate") are individual, subjective opinions of reviewers, and not of Bankrate. Bankrate does not endorse any of the opinions expressed by reviewers or any responses to reviews.

Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.

To help serve you with relevant information, the consumer reviews shown below are limited to only those that this advertiser has received during the past 12 months.

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Caret Down
Rating: 5 stars out of 5

Phenomenal experience with Jack

Where do I start guys??? I am very impressed with the service we received from Jack. Jack is an efficient, reliable and effective professional. He helped us close on our dream home in just nine days, I repeat just “ nine” days. We couldn’t be more grateful to have found him. If you’re in the process of buying a home, do not hesitate to work with Jack, he will get you want you need and on time. Thank you again Jack

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

Michele &.
Texas (April 21, 2024)

Rating: 5 stars out of 5

Great experience

It was a pleasure working with Don and team every step of the way. We were able to get a much lower rate than I was finding elsewhere, and with no strings attached. Service was excellent all the way through closing. Would highly recommend Homefinity, and will definitely be using in the future.

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

Peter
Indiana (April 16, 2024)

Rating: 5 stars out of 5

Great service with better rates!

I had a pleasant experience working with Homefinity, specifically Jim and his team. They were upfront and provided clear details about the closing costs, mortgage rate, and all the terms. Jim spent quite a bit of time explaining the process and different options for mortgage terms. Once I made the decision to go with them, Jim's team completed the whole process in about 2 weeks of time. Plus, I received status updates at each step of their process. Overall, I was quite satisfied the rate they offered and their service.

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

K
Illinois (March 19, 2024)

Rating: 5 stars out of 5

Great information for first time homebuyer

Steve and his team were delightful to work with. Steve kept me informed throughout the mortgage process and explained everything to me. Even when I had questions, he was always there to provide a clear-cut answer. I enjoyed working with him and would recommend him to anyone looking to buy or refinance. The information he gave me was vital in closing on time and promptly.

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

W S.
North New Jersey (March 5, 2024)

Rating: 5 stars out of 5

Don and his Team were 5 Stars!

Don and his team went above and beyond the call of duty to help with my closing and approval. I just become partner at a CPA firm and most lenders were quick to write me off since I was in a unique situation. Don took the time to understand my situation and guide me throughout the process. 100% will recommend and hope we can work together again!

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

Chandler C.
Hattiesburg , MS (Feb. 29, 2024)

Rating: 5 stars out of 5

Fast and easy

I worked with Don - he was able to get me a great rate and beat out the other lender I had started with. We got through the process quickly and are headed to a fast close. Highly recommend.

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

Neal B.
VA (Feb. 23, 2024)

Rating: 5 stars out of 5

Seamless Refinance Experience with JT and Team

I recently completed a refinance with JT and his team, and I couldn't be more satisfied with the entire process. From start to finish, every aspect of the refinance was handled with professionalism and efficiency. First and foremost, the rates offered were highly competitive, making the decision to refinance an easy one. Not only were the rates attractive, but JT took the time to explain all the available options, ensuring I was making the best choice for my financial situation. Communication throughout the entire process was exceptional. JT and his team were always prompt in responding to any questions or concerns I had, providing clear and detailed explanations every step of the way. This level of transparency instilled confidence in me and made the entire process feel smooth and stress-free. When it came to costs, I was pleasantly surprised by how transparent and fair they were. There were no hidden fees or unexpected expenses, and JT made sure I fully understood all the associated costs upfront. This transparency was greatly appreciated and made me feel like I was in good hands throughout the refinance process. Overall, working with JT and their team was a fantastic experience. The combination of competitive rates, transparent costs, excellent communication, and a smooth process made this refinance a breeze. I would highly recommend JT and their team to anyone looking to refinance their mortgage. They truly went above and beyond to ensure my satisfaction, and for that, I am extremely grateful. Five stars all around!

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

DS
Charleston, SC (Feb. 14, 2024)

Rating: 5 stars out of 5

Effective, Communicative and delivered

Michele and team are a bliss to work with. Professional and effective communication, on-time responses. They were able to navigate any challenges in an effective way. THank you for your support!

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

KT
Seattle (Jan. 28, 2024)

Rating: 5 stars out of 5

Amazing Service, great rates, Hassel free closing

I was working with Jim for my house loan and it was a wonderful experience. Clear communication, very responsive, met all the expectations. I would give them 100 out of 10.

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

hemandu
Schaumburg,IL (Jan. 16, 2024)

Rating: 5 stars out of 5

Great communication. Close on time.

Jim helped me every step of the way. They beat others rates and closed in 3 weeks.

Knowledge
Rating: 5 stars out of 5
Level of service
Rating: 5 stars out of 5
Professionalism
Rating: 5 stars out of 5
Responsiveness
Rating: 5 stars out of 5

Rates and terms of loan honored?

Yes

Closed mortgage with this lender?

Yes

Closed on time?

Yes

Would you recommend this lender?

Yes

Kevin
Tennessee (Jan. 16, 2024)