HomeLend Mortgage Review 2022

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.