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Homebridge Financial Services Mortgage Review 2024

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At a glance

Homebridge Financial Services

Editor's take

Homebridge Financial Services caters to many financing needs, including loans for first-time homebuyers, investment properties or those with non-standard credit or finances. It’s also experienced in renovation mortgages, particularly FHA rehab loans. The lender is one of the top 50 in the U.S.

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3.6
Rating: 3.6 stars out of 5
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Customer Rating
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Mortgage Percent

Loans offered

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

Credit Good

Min. credit score required

640 for conventional loans, 680-700 for jumbo loans, 580 for FHA loans, 580 for VA loans, 580 for USDA loans

Location

Nationwide availability

All U.S. states except Utah

Dollar Coin

Min. down payment

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

At a glance

Homebridge Financial Services

3.6

Rating: 3.6 stars out of 5
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Mortgage Percent

Loans offered

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

Location

Nationwide Availability

All U.S. states except Utah

Credit Good

Min. credit score required

640 for conventional loans, 680-700 for jumbo loans, 580 for FHA loans, 580 for VA loans, 580 for USDA loans

Homebridge Financial Services overview

Homebridge Financial Services offers a variety of mortgage and refinancing options, with a special focus on renovation loans. It was the 40th-largest mortgage originator overall in 2022, according to federal data, and the government has recognized it as a top 203(k) renovation loan lender.

Pros and cons of Homebridge Financial Services

Pros
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    Regional branches regularly produce educational events, ideal for first-time homebuyers

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    Offers home renovation loans including Fannie Mae’s HomeStyle Renovation and FHA 203(k)

Cons
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    Must connect with a loan officer to apply

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    No mortgage rates on its website

Our Editor’s Take on Homebridge Financial Services

Homebridge Financial Services caters to many financing needs, including loans for first-time homebuyers, investment properties or those with non-standard credit or finances. It’s also experienced in renovation mortgages, particularly FHA rehab loans. The lender is one of the top 50 in the U.S.

How Bankrate scored Homebridge Financial Services

  • Affordability: It won’t be easy to do an at-a-glance comparison of rates from Homebridge Financial Services with those of other lenders, as it doesn’t showcase current rates on its website. Its lender fees typically total $1,225.
  • Availability: This lender is available in most states and offers a diverse set of loan programs, including non-QM products.
  • Borrower experience: You can start an application with Homebridge online, but most of the lending process happens offline.

Affordability: 6.8/10

You won’t find mortgage rates from Homebridge Financial Services advertised on the lender’s website. To see rates and other information about how much a loan might cost, you’ll need to complete a form and wait for a loan officer to contact you. While the lender doesn’t charge an origination fee, its other fees typically total $1,225. There might also be a fee for rate-lock extensions, which could be partially refunded in some cases.

Availability: 9.8/10

Homebridge Financial Services provides conventional loans as well as government-backed loans through the FHA, VA and USDA programs. It also offers options to refinance your existing mortgage, as well as construction and renovation mortgages and loans on investment properties. The lender operates in all states but Utah.

Borrower experience: 4.8/10

Homebridge Financial Services has been in business for more than 30 years. The lender has an “Excellent” rating on Trustpilot (4.8 out of five stars) and an A- from the Better Business Bureau. Notably, the lender’s regional branches regularly host educational events, and it offers some useful online tools, including mortgage payment and rent versus own calculators, but doesn’t allow you to go through most of the lending process online. To get started, you’ll need to fill out a form on the lender’s website detailing the type of loan you want and the home you’re looking to buy or refinance. A loan officer will then reach out to you to follow up — there’s no way to get a preapproval or apply for a loan online.

How to apply for a mortgage with Homebridge Financial Services

You can apply for a mortgage with Homebridge Financial Services online or by phone at 888-266-4930. 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 Homebridge Financial Services

Homebridge Financial Services offers both rate-and-term and cash-out refinancing options.

Compare Homebridge Financial Services to other lenders

Homebridge Financial Services

Rating: 3.6 stars out of 5
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3.6

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

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

Bankrate Score
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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

640 for conventional loans, 680-700 for jumbo loans, 580 for FHA loans, 580 for VA loans, 580 for USDA loans

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

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 Utah

Nationwide availability

Available in all U.S. states except Texas

Nationwide availability

All U.S. states

Homebridge Financial Services customer ratings and reviews

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