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HomeLend Mortgage Review 2024

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At a glance

HomeLend Mortgage
NMLS: 138075
State License: MC-5650
Editor's take

HomeLend Mortgage is a smaller-sized online lender. Like many online players, it doesn’t charge fees, which could save you some money at closing. Be sure to compare this lender’s APR against others’ to get the full picture.

Bankrate Score
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3.6
Rating: 3.6 stars out of 5
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Customer Rating
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4.8
Rating: 4.84 stars out of 5

115 ratings

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, refinancing and more

Credit Good

Min. credit score required

Undisclosed

Location

Nationwide availability

California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington

Dollar Coin

Min. down payment

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

At a glance

HomeLend Mortgage

NMLS: 138075

State License: MC-5650

3.6

Rating: 3.6 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, refinancing and more

Location

Nationwide Availability

California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington

Credit Good

Min. credit score required

Undisclosed

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. It specializes in offering an entirely digital experience, with an online portal borrowers can use to track their applications, e-sign and more. It’s a smaller player: Kwik Mortgage was the nation’s 792nd-largest mortgage originator in 2022, according to federal data.

Pros and cons of HomeLend Mortgage

Pros
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    No lender fees

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    Preapprovals in 15 minutes

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    A+ rating from the Better Business Bureau and exceptional reviews from past customers

Cons
  • Close X

    Only available in 19 states

  • Close X

    Doesn’t display rates online (must share personal info for a custom rate quote)

  • Close X

    No USDA loans or home equity products

Our Editor’s Take on HomeLend Mortgage

HomeLend Mortgage is a smaller-sized online lender. Like many online players, it doesn’t charge fees, which could save you some money at closing. Be sure to compare this lender’s APR against others’ to get the full picture.

How Bankrate scored HomeLend Mortgage

  • Affordability: HomeLend Mortgage doesn’t charge lender fees.
  • Availability: HomeLend works with borrowers in the most populated states, but it’s not available in all states. It has a diverse set of loan offerings for different kinds of borrowers.
  • Borrower experience: If you qualify, you can get a preapproval in 15 minutes from this lender.

Affordability: 6.6/10

HomeLend Mortgage doesn’t charge any lender fees. It 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.

Availability: 7.6/10

HomeLend Mortgage operates in less than half of U.S. states, but notably works with borrowers in California, Florida, New York and Texas. The lender provides conventional loans as well as some government-backed loans (FHA and VA), along with refinancing should rates drop. It also offers jumbo loans.

Borrower experience: 7.3/10

HomeLend Mortgage has been in business for more than 20 years. The lender is accredited by the Better Business Bureau and has an A+ rating from the organization. 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. The lender typically issues preapprovals 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.

How to apply for a mortgage with HomeLend Mortgage

You can apply for a mortgage with HomeLend Mortgage online or by phone at 888-749-9595. 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 HomeLend Mortgage

HomeLend Mortgage offers both rate-and-term and cash-out refinancing options. The lender’s website doesn’t offer much information about refinancing options, but you can get a custom rate quote. As with purchase, there are no lender fees for refinancing.

Compare HomeLend Mortgage to other lenders

HomeLend Mortgage
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

Bankrate Score
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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, 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

Undisclosed

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

California, Connecticut, Florida, Georgia, Illinois, Indiana, Maryland, Massachusetts, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Washington

Nationwide availability

Available in all U.S. states except Texas

Nationwide availability

All U.S. states

HomeLend Mortgage customer ratings and reviews

logo

NMLS: 138075

State License: MC-5650

4.8

Rating: 4.84 stars out of 5

115 ratings

Info

This lender has 1 recent reviews.

Knowledge
Rating: 4.9 stars out of 5
Level of service
Rating: 4.8 stars out of 5
Professionalism
Rating: 4.8 stars out of 5
Responsiveness
Rating: 4.9 stars out of 5
5 stars
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3 stars
2 stars
1 star
91%
6%
0%
1%
2%

97% of customers would recommend this lender.

of 1 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.

Bankrate cannot guarantee or verify the accuracy of the opinions shared by individual reviewers, and reserves the right to reject or remove any review, at any time, for any reason at Bankrate’s sole discretion, including but not limited to those that Bankrate deems inappropriate, fraudulent, invalid, irrelevant, or otherwise outside the parameters of the Bankrate Review Guidelines, the Privacy Policy, or the Terms of Use.

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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