Homeside Financial Mortgage Review 2022

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At a glance

Homeside Financial

4.8

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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; home equity line of credit (HELOC); construction and renovation loans
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Nationwide availability

Available in 42 states and Washington, D.C. (not available in Alaska, Hawaii, Nevada, New York, Rhode Island, South Dakota, Vermont or Wyoming)
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Min. credit score required

640 for conventional loans; 640 for FHA loans; 640 for VA loans

Pros and cons

Pros

  • A strong focus on customer service
  • Large variety of loans offered
  • Available in most of the U.S.

Cons

  • No home equity loans (second mortgages)

Homeside Financial overview

Based in Columbia, Maryland, Homeside Financial is a mortgage lender that has quickly expanded since its founding to now offer loans in more than 40 states. The loan process with this lender, which also does business as Lower (Lower.com), starts with a conversation with a loan officer who will help you determine the right mortgage option for your situation and submit an application online. The loan process typically takes about one month from start to finish with this lender.

Good for

Borrowers who want convenient customer service and lots of resources to learn about mortgages

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • USDA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing
  • Home equity line of credit (HELOC)
  • Construction and renovation loans

Lender fees

Homeside Financial does not provide cost information about its lender fees online, but does provide a list of the fees it might charge, including an application fee, appraisal fee, credit report fee, processing fee and an underwriting fee.

Rates

Homeside Financial does not advertise mortgage rates on its website. In order to get a quote, you’ll need to set up an account, which involves providing some personal information, or connect with a loan officer directly. You can, however, find rates on Lower.com.

Reputation

Homeside Financial has closed more than 82,000 loans worth over $19 billion and is licensed by the relevant authorities in each of the states where it operates.

Online services

Homeside Financial’s approach to the borrowing experience focuses on the partnership between the borrower and loan officer, so there is a limit to how much of the process you can complete online. You can use Homeside Financial’s website to get in touch with a loan officer, who will discuss your goals with you and help you choose the right type of loan. You’ll need to create an account in order to log into the application portal, however. Notably, the lender’s website includes several resources for borrowers, including a mortgage checklist with all the documents you’ll need to apply for a loan and a mortgage calculator.

Minimum borrower requirements

Homeside Financial’s minimum borrower requirements include a credit score of 640 for a conventional loan (or 620 if refinancing) and 640 for FHA and VA loans.

Refinancing with Homeside Financial 

Homeside Financial offers mortgage refinancing for borrowers to adjust the terms of their loan, lower their monthly payments or take some equity out of their home. You can start the application process through its website.

Not sure if Homeside Financial is right for you? Consider these alternatives

Breakdown of Homeside Financial overall review score 

  • Affordability: 5/5
  • 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.

Homeside Financial consumer reviews

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Written by
TJ Porter
Contributing writer
TJ Porter is a contributing writer for Bankrate. TJ writes about a range of subjects, from budgeting tips to bank account reviews.
Edited by
Mortgage editor