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Homefinity Mortgage Review 2022

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At a glance

Homefinity

NMLS: 2289

State License: MC-4040

5.0

Rating: 5 stars out of 5
  • Star
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; physician loans

Location

Nationwide Availability

Available in 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)

Pros and cons

Checkmark Pros

  • Apply online, by phone or via Xpress app
  • Loan originators available around the clock, and borrowers communicate with same person from start to finish
  • Real-time prequalification or same or next-day preapproval

Close X Cons

  • Not available in Nevada or New York
  • Not all loan originators licensed across all states

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.

Homefinity is good for

Borrowers seeking guidance from a loan officer and a fast, convenient process

Breakdown of Homefinity overall score

  • Affordability: Homefinity doesn’t charge lender fees, and its rates are very competitive compared to Bankrate’s averages.

  • 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. 

Methodology

To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Affordability: 5/5

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: 5/5

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: 5/5

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

If you’re interested in a mortgage through Homefinity, you can request a quote and begin the preapproval process online. There’s also the option to apply for a mortgage online through the lender’s secure portal or the Xpress app.

The lender’s loan officers are available around the clock, and you’ll likely communicate with the same person from start to finish.

Refinancing with Homefinity

You have the option to refinance with Homefinity, but similar to applying for a purchase loan, you must provide your contact information so that a loan officer can assist you with the process.

Alternatives to Homefinity

Homefinity consumer reviews

logo

NMLS: 2289

State License: MC-4040

4.9

Rating: 4.9 stars out of 5

955 reviews

5 stars
4 stars
3 stars
2 stars
1 stars
936
3
2
4
10

About consumer ratings

Hover for more

Customer service rating

Knowledge
Rating: 4.9 stars out of 5
4.9
Level of service
Rating: 4.9 stars out of 5
4.9
Professionalism
Rating: 4.9 stars out of 5
4.9
Responsiveness
Rating: 4.9 stars out of 5
4.9

98% of reviews would recommend this lender

10 of 10 rates honored

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Write a review of your experience with Homefinity.

of 205 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.

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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Written by

Josephine Nesbit

Josephine Nesbit is a former contributor to Bankrate.

Edited by

Suzanne De Vita

Arrow Right

Mortgage editor