Homefinity Mortgage Review 2022

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At a glance

Visit Homefinity website

NMLS: 2289

State License: 41DBO-78367

5.0

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Bankrate Score

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Loans offered

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

Available in all U.S. states except Nevada and New York
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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

Pros

  • Apply online, by phone or via Homefinity 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

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 has grown to more than 65 loan originators on staff, most of whom have more than 15 years of experience in the industry. It 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.

Good for 

In-depth guidance from a dedicated loan officer and a fast, convenient process

Loan types 

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing
  • Physician loans

Lender fees 

Homefinity does not charge lender fees.

Rates

Homefinity’s mortgage rates are available online.

Reputation

Homefinity’s parent company Fairway Independent Mortgage Corporation has been accredited with the Better Business Bureau since 2003 with an A+ rating and 4.97 out of five stars based on more than 3,300 customer reviews. Fairway was also ranked above-average in J.D. Power’s 2021 customer satisfaction survey for mortgage origination.

Online services

Borrowers interested in a mortgage through Homefinity can request a quote online, but must give their contact information to do so. You can start the preapproval process online as well, in which the lender will evaluate your credit, assets and income and then issue a preapproval letter if you’re eligible for a loan. When you’re ready, there is also the option to apply for a mortgage online through Homefinity’s secure portal or the Homefinity Xpress app, through which borrowers can apply for a loan in 10 minutes, scan and upload documents and track progress with push notifications. Borrowers can also take advantage of a one-click call or text feature to contact their loan officer or Realtor. The app’s other features include a calculator to estimate loan scenarios with full monthly payments and the ability to connect to home search sites. 

Minimum borrower requirements

Minimum borrower requirements vary by loan product. For example, VA and USDA loans have a zero-down payment option, while FHA loans require 3.5 percent down and conventional loans as little as 3 percent down and a minimum 620 credit score.

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.

Not sure if Homefinity is right for you? Consider these alternatives 

Breakdown of Homefinity overall review score

  • Affordability: 5/5
  • Availability: 5/5
  • Borrower experience: 5/5

Review 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.

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Homefinity consumer reviews

4.9

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795 reviews

5 stars
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777
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9

Customer service rating

Knowledge
4.9
Level of service
4.9
Professionalism
4.9
Responsiveness
4.9

98% of reviews would recommend this lender

10 of 10 rates honored

Review this lender

Write a review of your experience with Homefinity.

10 of 440 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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Great Experience!

S. Kaminskas | Knoxville, TN | 1/22/2021

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Great and diligent service

Great service | Alabama | 1/22/2021

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Good service and fast follow up.

Good service with fast responses. | Wildwood MO. | 1/22/2021

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Smooth process

Happy customer | Bothell | 1/24/2021

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Fantastic Experience

SARALEX | Oregon | 1/24/2021

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Refi

Joseph Mullens | Warner Robins | 1/25/2021

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Amazing Customer Service and Dedication!

Incredible Customer Service & Experience - Thank You! | Portland, OR | 1/25/2021

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Easy, straight forward process, no hidden fees

Easy and straight foward process | Georgie | 1/26/2021

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Got there in the end

Jon | Illinois | 1/27/2021

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Great

Easy process | Wisconsin | 1/28/2021