McGlone Mortgage Group Review
See how often this lender's Bankrate auction price beats comparable loans from 2025.
Bankrate verified lender
This lender is a Bankrate Auction Participant, meaning we verify their offer authenticity and hold them to high standards to ensure you get the best possible rate offer.
How Bankrate scores McGlone Mortgage Group
- Price competitiveness
How often this lender's borrowers pay at or below the typical price for a comparable loan.
5 out of 5 - Amount of overpayment
How much extra borrowers ended up paying with this lender compared to the best price for a comparable loan. A higher percentile score is always better.
5 out of 5 - Customer complaints
How often consumers complain about this lender, and whether they get relief.
Clean5 out of 5 - Where and what they lend
How many states and loan types this lender serves.
93%5 out of 5
No lender can pay for a higher Bankrate Rating. Every score comes from the same data and criteria.
2025 ratings, across all four measures
A few more details worth knowing
Though these don't affect the star rating, we show them so you have the full picture.
For applicants age 62 and older, we measure two things: whether this lender denies them more often than its own lending patterns would predict after accounting for loan size, income, debt-to-income ratio, and loan type; and whether it lends to them at rates similar to comparable lenders. Both of those measures fell outside the expected range. Credit scores are not available in this dataset, so they are not included in the analysis. Because that variable is held constant across all lenders, it should reduce the extent to which missing credit-score data affects comparisons between them.
We looked at how often a lender's applications end up as closed loans, not counting any that were denied or the applicant withdrew. At this lender, at least 95% did, which might mean quoted terms held up, applicants were well qualified, or both.
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What Bankrate's editors think
McGlone Mortgage Group, a division of Homestead Funding, shines for its renovation financing: FHA 203(k) standard and streamline, FHA 203(h) for disaster victims, USDA Renovation, HomeStyle Renovation and an energy-efficient mortgage — a lineup most lenders can’t match. It also offers 100% financing that pairs an FHA loan with down payment assistance, a jumbo program with no PMI and financing for investors buying multi-unit properties.
McGlone also offers a close-on-time guarantee that pays the seller $5,000 if your loan doesn’t close by the contract date. It has no complaints on record and closes upwards of 97% of the loans it approves.
At a glance
Good for borrowers buying a fixer-upper or renovating their current home, McGlone offers a range of renovation programs, including harder-to-find FHA and USDA options.
What consumers say
Summary: McGlone Mortgage Group reviewers consistently identify a responsive team and guidance from the loan officer that they consider reliable. A smaller share also mention a closing completed on time. No other complaint recurs with regularity.
They're good at what they do!
Very responsive, no pressure, efficient. Professional, courteous, even pleasant. Would recommend to anyone.
Alan J. · Roanoke, VA
Knowledgeable, Responsive and Helpful!
I had a great experience with McGlone Mortgage Group when purchasing my condo. Brenda was very proactive and helpful throughout the process answering all my questions and found me a great rate. Highly recommend!
Marina · San Jose
Go McGlone for sure
Jared was awesome to work with. He was extremely responsive 24/7, always quick to text back, and made himself available anytime I wanted to talk through questions or different options. I felt confident in every decision because of his expertise and how clearly he explained everything. We closed lightning quick and he made it happen without any unnecessary stress. Couldn’t recommend Jared enough and can’t wait to work with him again when it’s time to refinance!
SF · Michigan
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Figures are drawn from public lending and complaint data and weighted by loan volume.
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