Mortgage
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Homebridge Financial Services Mortgage Review 2022

Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, commissioned or otherwise endorsed by any of our network partners.

Homebridge Financial Services, Inc., is a privately held, nonbank mortgage lender headquartered in Iselin, N.J. The company was founded in 1989 and offers its products and services through retail branches and mortgage brokers throughout the country.

Who is this lender for?

Homebridge Financial Services is a good fit if:

  • You want a lender with a wide array of standard programs.
  • You want to review helpful articles about mortgage products before you apply for a loan.
  • You’re looking for a lender that offers specialized mortgage programs like renovation loans or reverse mortgages.

7/10 LendingTree’s mortgage lender rating

LendingTree’s mortgage lender rating is based on a 10-point scoring system that factors in several features, including digital application and closing processes, available loan products and online and in-person accessibility. LendingTree’s editorial team calculates each rating based on a review of information available on the lender’s website. Lenders receive a half-point on the “standard product offerings” criterion if they offer at least two of the four standard loan programs (Conventional/FHA/VA/USDA). In some cases, additional information was provided by a lender representative.

  1.   Application online
  2.   Product info online
  3.   Rates listed online
  4.   Helpful articles about mortgages and homebuying
  5.   Standard product offerings
  6.   Special programs
  7.   Info about how to qualify for products offered online
  8.   E-closing availability
  9.   Licensed in at least 35 states
  10.   After-hours and weekend access to loan officers

Homebridge Financial Services pros and cons

Pros

  You’ll find a full range of government-backed loan programs, including USDA, VA and FHA fixer-upper loan options

  You may qualify for a reverse mortgage if you’re 62 years of age or older

Cons

  You won’t find information about current mortgage rates online

  You may not have eClosing options

  You may not have after-hours access to a loan officer

Homebridge Financial Services borrowing requirements

Minimum credit score580 (FHA)
Minimum credit score 
  • 580 (FHA)
Minimum down payment 
  • 0% (VA and USDA)
Available loan programs
  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo
Special programs
  • FHA 203(k) and 203(h) loans
  • Fannie Mae HomeStyle renovation loan
  • Energy-efficient mortgage
  • Investment property loans
  • Reverse mortgages

Homebridge Financial Services mortgage rates and fees

Homebridge doesn’t publish current rates or fees on its website. However, you can contact a loan originator or visit a Homebridge branch to discuss available rates.

Homebridge Financial Services mortgage products

Purchase and refinance

Homebridge offers conventional mortgages that follow guidelines set by Fannie Mae and Freddie Mac with down payments as low as 3%. Unless you make at least a 20% down payment, you’ll need private mortgage insurance (PMI) to protect the lender in case you can’t pay your loan.

Borrowers with scores as low as 580 and a 3.5% down payment may be eligible for a loan insured by the Federal Housing Administration (FHA). Low- to moderate-income homebuyers looking for homes in designated rural areas may be eligible for 0% down-payment financing backed by the U.S. Department of Agriculture (USDA).

If you’re an eligible active-duty service member or military veteran you may qualify for no down payment loans backed by the U.S. Department of Veterans Affairs (VA).

Homebridge offers fixed-rate and adjustable-rate mortgage (ARM) options, although the specific terms aren’t published on its website.

Buyers searching for expensive homes in high-cost areas may take advantage of jumbo loan options if their loan amount exceeds the conforming loan limit of $647,200 for most areas of the country. Or if you just need a little more borrowing power, Homebridge offers a home equity line of credit (HELOC), which works like a credit card but is secured by your home. You can use the line as needed for a set time period, after which the balance is repaid in fixed installments.

Reverse mortgages allow homeowners who are 62 or older to convert home equity into cash in a number of different ways. If you meet the age requirement and have at least 50% equity in your home, a reverse mortgage may be worth considering.

Special programs

Homebridge offers both FHA 203(k) and Fannie Mae HomeStyle® renovation loans if you want to make minor or major home improvements. And if you’re looking to save on your utility bills, an FHA energy-efficient mortgage (EEM) may help pay for energy-saving upgrades like solar panels.

If you can’t qualify for standard mortgage programs, Homebridge also offers non-qualified mortgage (non-QM) products that may help you qualify with bank statements, asset values or cash flow on an investment property instead of tax returns or W-2s.

How does Homebridge Financial Services compare to other lenders?

Homebridge Financial ServicesZillow Home LoansAmeriSave Mortgage
Minimum credit score 
  • 580 (FHA)
  • 580 FHA
  • 600 (FHA and VA)
Minimum down payment 
  • 0%  (VA and USDA)
  • 0% VA
  • 0% USDA
  • 3% Conventional
  • 3.5% FHA
  • 0% (VA and USDA)
  • 3% Conventional
  • 3.5% FHA
Loan products and types 
  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo
  • Conventional
  • FHA
  • VA
  • USDA
  • Conventional
  • FHA
  • VA
  • USDA
Special programs offered 
  • FHA 203(k) and 203(h) loans
  • Fannie Mae HomeStyle renovation loan
  • Energy-efficient mortgage
  • Investment property loan
  • Super jumbo
  • Reverse mortgages
  • Zillow Offers
  • Solar financing
Lender ReviewZillow Home LoansAmeriSave Mortgage

 

Today's Mortgage Rates

  • 5.95%
  • 5.76%
  • 3.31%
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