Reliant Home Funding Mortgage Review 2021

Written by
TJ Porter
Edited By

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At a glance

Reliant Home Funding

3.8

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Bankrate Score

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Loans offered

Conventional, jumbo, FHA, VA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; construction and renovation loans; flex-term; reverse mortgages
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Nationwide availability

Available in Connecticut, Colorado, Florida, Maryland, New Jersey, New York, North Carolina, Pennsylvania and South Carolina
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Min. credit score required

620 for conventional loans; 500 for FHA loans; 700 for adjustable-rate mortgages; 620 for renovation loans

Pros and cons

Pros

  • Emphasis on customer service
  • Fully online lending process
  • Offers a variety of loan types

Cons

  • Only available in a few states
  • No USDA loans

Reliant Home Funding overview

Reliant Home Funding is a Long Island, New York-based mortgage lender available in nine states, including Florida and Pennsylvania. The lender has a heavy focus on customer service, emphasizing relationships over transactions. With Reliant Home Funding, you can complete the entire lending process remotely, preapproval takes just a few days and closings happen within 30 to 45 days for most borrowers.

Good for

Borrowers who want good customer service, a quick preapproval and a completely online experience

Loan types

  • Conventional
  • Jumbo
  • FHA
  • VA
  • Fixed-rate
  • Adjustable-rate
  • Rate-and-term, cash-out and streamline refinancing
  • Construction and renovation loans
  • Flex-term
  • Reverse mortgages 

Lender fees 

Reliant Home Funding does not clearly state the lender fees it charges online, so if you’re interested in working with this lender, inquire about any additional costs, such as an application, origination or underwriting fee.

Rates 

Reliant Home Funding is very transparent about its rates, displaying rates directly on its website and updating them regularly. Each quote includes the rate, APR and cost of points, so you can get a clearer look at how much you’ll have to pay for a loan. 

Reputation

Reliant Home Funding is fully licensed by the relevant banking and insurance departments in the states in which it operates. It has an A+ rating from the Better Business Bureau (although it is not BBB-accredited).

Online services

Reliant Home Funding makes it very easy to apply for a loan without having to leave home. You can get preapproved or prequalified online, and if you want to move forward with the loan, you can complete the entire process online, as well, including signing required documents. You can also use Reliant’s app, RHF Go, to compare loan options, calculate savings if you’re looking to refinance, submit documents, check your loan’s status and more. In addition, the lender’s website features a handy mortgage calculator, which you can use to learn more about how much yours might cost. 

Minimum borrower requirements

Reliant Home Funding requires conventional loan borrowers to have at least a 3 percent down payment, a minimum credit score of 620 and “consistent and documented” income, according to the lender’s website. (For many lenders, this typically means W-2s from the past two years.) FHA loan borrowers, meanwhile, need a down payment of at least 3.5 percent, but can have a credit score as low as 580. Jumbo loans require an “excellent” credit score, a low debt-to-income (DTI) ratio and 20 percent or more down, but allow for more flexible income verification, so alternative assets can be considered as part of your application. To get an ARM, you must put down at least 5 percent and have “ideally over 700” for a credit score. VA loans have no down payment or formal credit requirement. 

Refinancing with Reliant Home Funding 

Reliant Home Funding offers refinancing options, including to reduce your interest rate and monthly payment or cash out some of your home’s equity to use for other purposes. You can refinance completely online just like applying for a mortgage to purchase a home, but you won’t be able to view fees upfront through the lender’s website. 

Not sure if Reliant Home Funding is right for you? Consider these alternatives 

Breakdown of Reliant Home Funding overall review score

  • Affordability: 13/15
  • Availability: 12/15
  • Borrower experience: 9/10

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.

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Reliant Home Funding consumer reviews

5.0

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121 reviews

5 stars
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119
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Customer service rating

Knowledge
5.0
Level of service
5.0
Professionalism
5.0
Responsiveness
5.0

100% of reviews would recommend this lender

10 of 10 rates honored

Review this lender

Write a review of your experience with Reliant Home Funding.

10 of 121 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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Amazing experience for a first time home buyer

Sebastian R. | Pensylvania | 1/13/2021

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WONDERFUL COMPANY

Jovan Gillespie | Queens, NY | 1/13/2021

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Outstanding ReFi Experience

Maria S. | West Hempstead, NY | 1/13/2021

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great experience!

Tara | tara.ann86@gmail.com | 1/13/2021

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Mark is "THE MAN"

Joe Huntley | Connecticut | 1/13/2021

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Amazing customer service

Misty J. | Cape may Nj | 1/13/2021

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Really great experience

Davis | Tampa | 1/13/2021

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Phenomenal Experience

Sandra Postell | Toms River NJ | 1/13/2021

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Daniel Lynch-Reliant Home Funding

Lisa G | Massapequa | 1/13/2021

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Great Experience!

Mr. and Mrs. Jamarle Jones | Long Pond, PA | 1/13/2021

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