Since 2006, LenderFi has been providing its customers with lower cost mortgages. Our mission is to make the borrowing process simple and easy. Using our state of the art interactive online system, we are able to eliminate unnecessary expenses that translate into savings for our customers.
As a licensed direct lender, we are able to process the loans from origination to closing, using our own money to fund the loans. This in-house processing allows us to work more efficiently and process the loans faster. The savings from these are then passed on to our customers.
Simple, Easy & Quick
Borrowing should not be complicated. Our goal is to make the process as simple and easy as possible. And the price you see is always the price you get.
Searching our rates will display up-to-the-minute results without having to enter any personal information.
By applying online, you can get your loan approved and lock in your rate in just minutes.
With our dedicated and service-oriented staff, we strive to serve our customers and help them meet their borrowing needs. Being non commission-based employees, our staff only thinks about the interest of our customers, and will not try to sell loans that are not appropriate for the borrowers. We take pride in our personalized service and the relationship we build with our customers.
A+ Rating from Better Business Bureau
Providing excellent service means less complaints. We are proud to have earned an 'A+' rating from BBB by keeping customer complaints very low.
Can I apply for a loan before I find a property to purchase?
Yes, applying for a mortgage loan before you find a home may be the best thing you could do! If you apply for your mortgage now, we'll issue an approval subject to you finding the perfect home. We'll issue a pre-approval letter online instantly. You can use the pre-approval letter to assure real estate brokers and sellers that you are a qualified buyer. Having a pre-approval for a mortgage may give more weight to any offer to purchase that you make.
When you find the perfect home, you'll simply call your Intake Managers to complete your application. You'll have an opportunity to lock in our great rates and fees then and we'll complete the processing of your request.
Will the credit inquiry affect my credit score?
An abundance of credit inquiries can sometimes affect your credit scores since it may indicate that your use of credit is increasing.
But don't overreact! The data used to calculate your credit score doesn't include any mortgage or auto loan credit inquiries that are made within the 30 days prior to the score being calculated. In addition, all mortgage inquiries made in any 14-day period are always considered one inquiry. Don't limit your mortgage shopping for fear of the effect on your credit score.
How are interest rates determined?
Interest rates fluctuate based on a variety of factors, including inflation, the pace of economic growth, and Federal Reserve policy. Over time, inflation has the largest influence on the level of interest rates. A modest rate of inflation will almost always lead to low interest rates, while concerns about rising inflation normally cause interest rates to increase. Our nation's central bank, the Federal Reserve, implements policies designed to keep inflation and interest rates relatively low and stable.
Is there a fee charged or any other obligation if I complete the online application?
There's no cost at all for completing our application. After your loan is approved, you can decide whether you wish to pay the appraisal fee to cover the cost of the appraisal and final credit report so that you can lock in an interest rate and we can begin to process your request.
What is the maximum percentage of my home's value that I can borrow?
The maximum percentage of your home's value depends on the purpose of your loan, how you use the property, and the loan type you choose, so the best way to determine what loan amount we can offer is to complete our online application!