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Sebonic Financial mortgage review

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This lender has a variety of major loans, but a bare website and only a few branch locations.

Sebonic Financial is ideal for borrowers that need a down payment less than 20%. But it’s branch locations are limited and it doesn’t offer loan options to use the equity in your home.


Loan products offeredConventional, Refinance, Jumbo, FHA, VA, USDA
Minimum credit scoreFHA: 550
State availabilityAvailable in all states

What types of loans does Sebonic Financial offer?

Sebonic offers conventional, jumbo and government-backed loans:

  • Conventional loan. With a 620 minimum credit score, down payments can be as low as 5% for fixed-rate mortgages.
  • FHA loan. For low-income borrowers, Sebonic accepts credit scores as low as 550 and down payments starting at 3.5%.
  • Jumbo loan. Sebonic finances jumbo loans as high as $3 million.
  • VA loan. Qualified active military, veterans and surviving spouses can be approved for 0% down and no monthly private mortgage insurance (PMI).
  • USDA loan. USDA loans are for eligible rural locations. They have a 0% down payment. This loan is designed for low- to moderate-income households.

Other loans offered by Sebonic Financial.

  • Refinance loan. Refinance your conventional, FHA and VA loans.

Sebonic Financial fees.

Sebonic Financial does not post their fees online, and it often depends on which loan you apply for. However, it advises that a few closing fees may include:

  • Appraisal fees
  • Origination fees
  • Discount points
  • Attorney fees
  • Tax stamps
  • VA funding fees
  • Title fees


Sebonic Financial requires a minimum FICO score of 550 for FHA loans and 620 for conventional loans. Down payment options include 0% for VA loans, 3.5% for FHA loans and 5% for conventional mortgages.


You’ll need a few documents to qualify for a home loan.

  • Name and contact information
  • Government-issued ID
  • Social Security number
  • List of assets, such as bank statements
  • List of debts, such as student loans
  • Last two years of W-2 statements
  • Last two paystubs

How to get a home loan with Sebonic Financial.

Apply for a home loan with Sebonic Financial by answering a few personal questions.

  1. Go to Sebonic Financial’s website.
  2. On the homepage, click Get Started Now.
  3. Indicate whether you are looking to purchase or refinance a home.
  4. Specify what kind of property it is – for example, single-family home, townhome, condo, multi-family home, or manufactured or mobile home.
  5. Detail how you will use the property – for example, primary residence, second home or rental property.
  6. Indicate where you are in the home buying process – for example, already under contract, ready to make an offer, consider your options, looking to buy in a few months, or not sure.
  7. Detail the location – for example, state and zip code.
  8. Answer whether you’re currently working with a real estate agent.
  9. Detail the estimated purchase price.
  10. Indicate how much down payment you can afford.
  11. Select your credit score range.
  12. Indicate whether you or your spouse has served in the military.
  13. Detail your bankruptcy and foreclosure history.
  14. Fill in your personal details – for example, name, email, and phone number.
  15. Submit your application. A loan officer should get in touch with you within three business days.

Sebonic Financial reviews and complaints

Sebonic Financial doesn’t have any reviews on the Better Business Bureau (BBB). But it holds an “average” score out of 82 reviews on Trustpilot. Many customers ultimately went with Sebonic because they offered the best rates. The chief complaint was about delayed closing times because Sebonic requested additional documents.

Pros and cons of Sebonic Financial.


  • Government-backed loans. Sebonic offers FHA, VA and USDA loans.
  • Responsive customer service. Customers reported that loan officers are easy to contact by phone and email.
  • Prequalify with minimal personal information. You don’t need to input your Social Security number to get a free online quote.


  • Bare-bones website. Sebonic Financial’s website doesn’t publish its interest rates or closing costs. And there are no resources to help users with FAQs.
  • Not good for renovations. Sebonic Financial does not offer home equity loans, HELOCs or renovation loans.
  • Few branch locations. Loan officers work out of call centers in Maryland and North Carolina. Customer support is only via phone and email.

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What is Sebonic Financial?

Sebonic Financial operates under the parent company, Cardinal Financial Company, Limited Partnership. It is a consumer-direct lender that has worked in the home financing industry for nearly 30 years.

Frequently asked questions.


Review by

Kimberly Ellis is a writer at Finder. She hails from New York City with a BA from Queens College and a New York State teaching certificate. After teaching in both public and private schools, Kimberly decided to take the world by storm and dive into the media industry — where she covers everything from home loans and investing to K–12 education and shopping. She’s also an aspiring polyglot, always in a book and forever on the hunt for the perfect classic red lipstick.

Expert review

Sebonic Financial is a basic home loan provider, but could be good for borrowers looking for government-backed loans. Though it doesn’t share rates on its site, user reviews reveal borrowers were happy about low rates. But if you’re buying your first home and need resources to help you along, Sebonic Financial doesn’t offer resources or FAQs on its site.

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