HomeLend Mortgage Review 2022

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At a glance

HomeLend Mortgage

NMLS: 138075

State License: MC-5650

4.1

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Bankrate Score

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Loans offered

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

Available in California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia and Washington
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Min. credit score required

Minimum credit score requirements unavailable

Pros and cons

Pros

  • No lender fees
  • Preapprovals in 15 minutes
  • A+ rating from the Better Business Bureau and exceptional reviews from past customers

Cons

  • Only available in 23 states
  • Doesn’t display rates online (must share personal info for a custom rate quote)
  • No USDA loans or home equity products

HomeLend Mortgage overview

HomeLend Mortgage is the consumer direct company owned by New Jersey-based Kwik Mortgage. The lender has helped more than 10,000 borrowers with more than $4 billion in mortgages since its founding in 1998. HomeLend Mortgage specializes in offering an entirely digital experience, with an online portal borrowers can use to track their applications, e-sign and more.

Good for

Borrowers who want a completely digital mortgage experience and a fast closing process

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term and cash-out refinancing

Lender fees

HomeLend Mortgage doesn’t charge any lender fees. 

Rates

HomeLend Mortgage doesn’t publicly display its rates online. However, you can complete a custom rate quote form with information about your credit score, employment status and other factors to get a personalized estimate of your borrowing costs.

Reputation

HomeLend’s parent company, Kwik Mortgage, is accredited by the Better Business Bureau and has an A+ rating. HomeLend also ranks highly (4.8 stars out of five) based on past customer reviews submitted to Bankrate.

Online services

You can submit a request for a custom rate quote on HomeLend’s website to get an estimate of your mortgage costs, and you can apply for your loan online, too. Preapprovals are typically issued in 15 minutes. You can lock your rate, sync your bank accounts, upload documents and sign them electronically via the lender’s portal, as well. There’s also a calculator to help estimate your monthly payments.

Minimum borrower requirements

HomeLend Mortgage adheres to the conforming loan requirements for mortgages approved by government-sponsored enterprises Fannie Mae and Freddie Mac. For conventional loans, these key requirements include good credit (typically a FICO score of 620 or higher) and a minimum down payment of 3 percent. However, anything less than 20 percent down will trigger a requirement for the borrower to pay for private mortgage insurance. The company also offers FHA loans, which typically accept lower credit scores, along with VA loans, which also have more lenient borrower requirements.

Refinancing with HomeLend Mortgage

You can refinance your current mortgage with HomeLend through a rate-and-term refinance, or you can tap your home’s equity with a cash-out refinance. The lender’s website doesn’t offer much information about refinancing options, but you can get a custom rate quote. There are no lender fees for refinancing.

Not sure if HomeLend Mortgage is right for you? Consider these alternatives

  • Direct Home Lending: Also offers a digital experience and fast closing timelines, but not available in as many states
  • Lower: Another online-only lender with wider availability, but charges lender fees
  • Better.com: Digital experience with fast turnaround times and no lender fees
  • eClick Lending: Convenient online experience (although some human interaction is required) with speedy closings
  • Interfirst Mortgage Company: Another online-only lender that doesn’t charge fees

Breakdown of HomeLend Mortgage overall review score

  • Affordability: 3/5
  • Availability: 5/5
  • Borrower experience: 4.3/5

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.

HomeLend Mortgage consumer reviews

4.8

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112 reviews

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102
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Customer service rating

Knowledge
4.9
Level of service
4.8
Professionalism
4.9
Responsiveness
4.8

97% of reviews would recommend this lender

10 of 10 rates honored

Review this lender

Write a review of your experience with HomeLend Mortgage.

10 of 45 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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Exceptional rates

Vinay | Massachusetts | 8/14/2021

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Refinance was so easy

Closed in 3 weeks | Sacramento, CA | 8/14/2021

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Process went smoothly and fairly quickly

Happy customer | Washington state | 8/14/2021

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Pierre was the very helpful and knowledgeable. my husband and I highly recommend homelend

Seattle family | Seattle | 8/14/2021

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Great experience

Great experience | Spokane, Washington | 8/15/2021

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Best rate, great service

Katsnovak | Virginia | 8/18/2021

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Great Experience

Great Experience! | California | 9/2/2021

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Great mortgage company with great rates

Bhaskar | Groton MA | 9/2/2021

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Great experience

Great service and rate | Shrewsbury,MA | 9/7/2021

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It truly was very easy to refinance with Homelend and they were extremely competitive with their rates

Jeff | San Diego | 9/10/2021

Written by
David McMillin
Contributing writer
David McMillin is a contributing writer for Bankrate and covers topics like credit cards, mortgages, banking, taxes and travel. David's goal is to help readers figure out how to save more and stress less.
Edited by
Mortgage editor