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Sebonic Financial is good for borrowers looking for standard mortgage options or who prefer an online experience and quick closing.
Bankrate scores are objectively determined by our editorial team. Our scoring formula weighs several factors consumers should consider when choosing financial products and services.
Star ranking and total number reflects the lifetime customer reviews received while this lender has been an advertiser on Bankrate.
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Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate; rate-and-term refinancing
Min. credit score required
580 for conventional loans, 550 for FHA loans
Nationwide availability
Available in all U.S. states
Min. down payment
5% for conventional loans, 3.5% for FHA loans, none for VA loans
The customer 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.
NMLS: 66247
State License: MC-1825
4.8
Bankrate Score
Loans offered
Conventional, jumbo, FHA, VA, USDA, fixed-rate; rate-and-term refinancing
Nationwide Availability
Available in all U.S. states
Min. credit score required
580 for conventional loans, 550 for FHA loans
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 is good for borrowers looking for standard mortgage options or who prefer an online experience and quick closing.
Sebonic Financial doesn’t publicly advertise interest rates on its website, but does on other sites, including Bankrate. Its rates are 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. You can have a credit score as low as 580 for a conventional loan from this lender, much lower than the 620 minimum required by most others. You’ll need a down payment of at least 3 percent or 5 percent, depending on loan program.
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. 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, however.) Its hours are Monday through Friday from 8 a.m. to 8 p.m. ET.
If you need to run some numbers, you can use the lender’s online calculators — Sebonic doesn’t provide any other resources online.
Sebonic Financial offers mortgage refinancing but doesn’t disclose refi rates upfront online. The lender also doesn’t share refinance costs, so you’ll need to speak with a loan officer to get a quote and those details.
Bankrate’s expert editorial team collects lender information through a variety of methods. We contact lenders directly, and we also turn to regulatory filings and to assessments by third parties. Our research takes into account three main factors – affordability, availability and borrower experience.
Bankrate’s reporters and editors have decades of experience covering the mortgage industry. They’re skilled at gathering information through interviews and by scouring regulatory filings. Bankrate evaluates more than 85 lenders for factors relating to affordability, availability and customer experience, assigning each a Bankrate Score out of five stars. Here’s how we assess each of the categories:
Bankrate’s editorial team confirms the accuracy of data at the time of publication. Our team is dedicated to maintaining the timeliness of information – the mortgage industry is changing constantly, so we regularly revisit these reviews to update them.
Bankrate’s methodology page spells out our rating process in greater detail.
NMLS: 66247
State License: MC-1825
4.5
1,495 ratings
This lender has 0 reviews.
89% of customers would recommend this lender.