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Minimum credit score
Minimum down payment (Conventional)
Available in all states
|Loan products offered||Conventional, Refinance, Jumbo, FHA, VA, USDA|
|Minimum credit score||Conventional: 620|
|Minimum down payment (Conventional)||5%|
|State availability||Available in all states|
Sebonic Financial is not currently available on Finder
Have you considered First Horizon?
Multiple mortgage programs available in 12 states with no pre-payment fee.
Sebonic Financial offers a basic selection of home loans but could be a good option for borrowers looking for competitive rates and a fully digital mortgage. Though it doesn’t list rates on its site, user reviews reveal borrowers were happy with the rates they received. But if you’re after in-person support and the reassurance of physical branches, Sebonic Financial probably won’t fit the bill.
To learn if you’re eligible for a Sebonic Financial home loan, visit the company’s website. Basic eligibility for a mortgage with Sebonic Financial includes:
When applying for a mortgage with Sebonic Financial, be prepared to provide the following information and documents:
Sebonic Financial charges a $1,490 origination fee, which might be offset with lender credits based on the rate you receive. In addition, expect to pay about 2% to 5% of your loan amount in closing costs, which typically include:
You can’t start your application online, but if you fill out the form for a free interest rate quote, a Sebonic loan officer will call to walk you through the process.
As of August 2022, Sebonic Financial has a 4.1 TrustScore with Trustpilot from 139 reviews, 75% of which gave the lender an “Excellent” rating. Some customers praised the lender for quality customer service, while others complained of a drawn-out process that caused them to miss their closing.
As a division of Cardinal Financial, Sebonic Financial doesn’t have its own Better Business Bureau (BBB) listing. However, Cardinal Financial has been accredited with the BBB since 2014 and has an A+ business rating and earned 4.45 stars out 5 from 765 reviewers. The company has had 239 complaints registered against it in the past three years, though none of them are currently displayed on the BBB site.
Sebonic Financial might be a good choice for your mortgage and refinancing needs, but weigh the pros and cons first.
Get to know a little bit more about this lender before you apply.
Unlike other lenders, you won’t find any specialized home loans such as construction or renovation loans at Sebonic. So, if your financial or employment situation makes you ineligible for a conventional or government-backed loan, or if you’re looking for a construction or other specialty offering, you may consider lenders like Northpointe Bank or New American Funding.
If you need a home equity loan, or want to borrow from a bank that offers home equity products, our guide to the best home equity lenders can be a good place to start looking.
Comparing lenders is the only way to make sure you get the best possible mortgage for you, and you can start using our table below. Select See rates to provide the lender with basic property and financial details for personalized rates.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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