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Sebonic Financial, an online lender affiliated with Cardinal Financial, offers many of the same products and services as its parent, including a proprietary platform that promises to swiftly process loan applications.
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Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
To help serve you with relevant information, the customer reviews shown are limited to only those that this advertiser has received during the past 12 months.
Loans offered
Conventional, jumbo, FHA, VA, USDA, refinancing
Min. credit score required
620 for conventional loans, 550 for FHA loans
Nationwide availability
All U.S. states
Min. down payment
5% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA loans
A division of Cardinal Financial, Sebonic Financial is a privately held lender based in Charlotte, North Carolina. Octane, the lender's proprietary technology, aims to provide a seamless experience for borrowers, including drag-and-drop document and e-signature capabilities and real-time status updates. In short: You’ll know where your loan stands at every critical checkpoint through Sebonic’s platform. The lender offers prequalifications in minutes and preapprovals in one to two days, while the typical closing takes 27 days.
Proprietary system streamlines the loan process
No information about rates or costs online
No home equity lines of credit (HELOCs) or home equity loans
Sebonic Financial doesn’t advertise interest rates on its website, but does on other sites, including Bankrate. As of this review, its rates were comparable to and sometimes lower than Bankrate’s averages. While you can request a rate quote online, you won’t receive it until after you’ve spoken with a loan officer. In addition, the lender charges an origination fee of $1,490.
Sebonic Financial’s mortgage offerings include conventional, FHA, VA and USDA loans, along with jumbo mortgages if you’re buying a higher-priced property. FHA loans have a low credit score requirement of 550, while VA and USDA loans have no down payment requirements. For conventional loans, you’ll need a credit score of at least 620 and to put at least 5 percent down.
Sebonic Financial’s parent company Cardinal Financial consistently receives accolades from borrowers, contributing to its A+ with the Better Business Bureau. Sebonic on its own has a “Great” rating on Trustpilot, as well. You can request a free rate quote online through the Sebonic Financial website, but you’ll need to speak with a loan officer to move forward with the process. If you need to run some numbers, you can use the lender’s online calculators — Sebonic doesn’t provide any other resources online. Once you get started, the lender offers an online application that allows you to upload documents, e-sign your disclosures and get real-time status updates. The lender doesn’t offer a mobile app, however. If you have questions throughout the process, the lender operates a chat function on its website, or you can reach a customer service agent via email. (If you already have a loan in progress, it might make sense to contact your loan officer directly instead.)
You can apply for a mortgage with Sebonic Financial online or by phone at 866-336-8021. Its customer service hours are Monday through Friday from 8 a.m. to 8 p.m. ET. Here are some tips to prepare for the process:
Sebonic Financial offers both rate-and-term and cash-out refinancing options. It doesn’t display its refi rates or costs online, so you’ll need to speak with a loan officer to get a quote and those details.
Rating: 3.5 stars out of 5
3.5
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.9 stars out of 5
4.9
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Rating: 4.8 stars out of 5
4.8
Bankrate Score
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
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Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing |
Loans offered Conventional, jumbo, FHA, refinancing and more |
Loans offered Conventional, jumbo, FHA, VA, USDA, refinancing and more |
Min. credit score required 620 for conventional loans, 550 for FHA loans |
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 5% for conventional loans, 3.5% for FHA loans, none for VA loans and USDA 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 All U.S. states |
Nationwide availability Available in all U.S. states except Texas |
Nationwide availability All U.S. states |
NMLS: 66247 Cardinal Financial
State License: MC-1825
4.5
1,495 ratings
This lender has 0 recent reviews.
89% of customers would recommend this lender.