Sebonic Financial Mortgage Review 2026
If you’re looking for a mortgage with a low down payment requirement, Sebonic Financial has several government-backed mortgage options, and it also offers conventional loans with a down payment as low as 0%. But if you’re looking for a digital experience, Sebonic Financial is lacking; it requires you to connect with a loan officer to get details on rates and fees.
See how we reached our verdict below.
- Low credit score requirement
- Offers multiple government-backed loans
- Conventional and jumbo loans
- Doesn’t disclose rates or fees online
- Lower-than-average score for customer satisfaction
- Requires personal information to receive details
Sebonic Financial mortgage overview
Sebonic Financial, a subsidiary of the Cardinal Financial Company, is based in North Carolina. Licensed to issue home loans in all 50 states, Sebonic has a range of loan products for purchasing properties, including conventional and government-backed mortgages.
- Areas of service: All 50 states
- Digital service: Digital application process
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Headquarters:
- 3530 Toringdon Way, Suite 200, Charlotte, NC 28277
- Website: Sebonic.com
Sebonic Financial rates and fees
Rates
Unlike some lenders, Sebonic Financial doesn’t disclose its mortgage rates, fees or options on its website. Instead, you must submit your personal contact information and speak with a loan officer to receive those details.
However, we analyzed data available from the Home Mortgage Disclosure Act (HDMA). Based on that information, we found that Sebonic’s rates were competitive. Across all of its issued loans in 2024, Sebonic’s rates averaged 0.45 percentage points above the average prime offer rate (APOR), a benchmark banks use when setting their rates.
Fees
Sebonic doesn’t disclose its fees on its website, either. You have to work with a company loan officer to find out details about its fees. Based on data released by the Federal Financial Institutions Examination Council (FFIEC), Sebonic Financial charged an average of $5,263 in origination fees. That’s 63% higher than the national average of $3,222.
Sebonic Financial does not disclose any available discounts or rate reduction programs on its website.
What types of mortgage loans does Sebonic Financial offer?
Sebonic offers a broad range of home loans:
- Conventional loans
- FHA loans
- VA loans
- USDA loans
- Jumbo loans
Sebonic Financial offers conventional loans with fixed or adjustable rates, and you can qualify with a down payment of just 3% for fixed-rate loans. These loans, which aren’t part of any government program, usually cost less than other loans but have more stringent credit requirements.
Under Sebonic Financial’s conventional loan program, you can also take advantage of cash-out refinancing. If you’ve built equity, this process allows you to refinance your mortgage for more than you owe, receiving the difference in cash to pay for home renovations or to consolidate debt.
Conventional loan qualification requirements
- 620 minimum credit score
- 3% down payment
Federal Housing Administration (FHA) loans are government-backed loans with lower-than-usual down payment and credit score requirements. Sebonic Financial is an approved FHA loan lender, and it accepts credit scores as low as 550 for this program.
FHA loan qualification requirements
- 550 minimum credit score
- 3.5% down payment
Sebonic Financial is a participating lender in the U.S. Department of Veterans Affairs (VA) loan program. Through this initiative, military service members and veterans can qualify for mortgages without a down payment or private mortgage insurance (PMI).
VA loan qualification requirements
- 620 minimum credit score
- As low as a 0% down payment
Homebuyers looking to purchase rural properties in eligible areas may qualify for a mortgage backed by the U.S. Department of Agriculture (USDA). Through Sebonic Financial, homebuyers can use USDA loans to purchase eligible properties with as little as 0% down.
USDA loan qualification requirements
- Qualifying property
- 640 minimum credit score
- As low as a 0% down payment
Sebonic Financial offers jumbo loans, or mortgages for properties that exceed conventional loan limits. Through Sebonic, you can finance purchases up to $3 million.
Jumbo loan qualification requirements
- 10% down payment
Sebonic Financial mortgage qualifications
| Credit score minimum | 550 |
| DTI ratio
Debt-to-income (DTI) ratio compares your monthly gross income to your monthly debt payments.
| Not disclosed |
| Down payment minimum | Conventional: 3% FHA: 3.5% VA: 0% USDA: 0% |
Don’t know your credit score? Get your free score on LendingTree Spring today.
Sebonic Financial has several mortgage programs for those with lower credit scores or incomes; as a result, it has a lower-than-usual rejection rate. As of 2023, it rejected just 7.7% of new purchase loan applications.
To improve your odds of qualifying for a loan through Sebonic Financial, follow these steps:
- Save a larger down payment: Although Sebonic Financial has mortgages with low down payment requirements, the average down payment for approved applicants was approximately 9%. Saving a down payment of that amount or more will boost your odds of qualifying for a mortgage.
- Limit your other debt: One of the factors Sebonic will look at is your debt-to-income ratio (DTI), or how much of your monthly income goes toward paying debt. The majority of rejected applicants had a DTI greater than 43%.
How to apply for a Sebonic Financial mortgage
1. Choose your loan type
Visit Sebonic Financial and review its mortgage options to see what would be the best fit. To request a rate quote, click the “free quote” button. The site will prompt you to answer a few questions about your location, budget and whether you’re buying a primary residence, vacation property or investment property. Based on that information, Sebonic Financial will connect you with a loan officer to review your mortgage options.
2. Get prequalified
Unlike some lenders, Sebonic Financial doesn’t have a prequalification tool. After speaking with a loan officer, you’ll have to submit your information and consent to a credit check to get preapproved for a mortgage.
3. Submit a loan application
Sebonic Financial has Octane, a proprietary loan origination program. With Octane, you can apply online, see what tasks you need to complete as you go through the mortgage process and upload the required documentation.
Find out more about how to apply for a home loan.
- Identification
- Tax documents
- Bank statement
- Pay stubs
- Debt and asset statements
- Gift letters (if you’re using gifted funds)
Is it safe to get prequalified with Sebonic Financial?
Sebonic Financial is a legitimate, reputable lender with a strong reputation, so it’s safe to submit your information and to get preapproved for a mortgage. With a preapproval letter in hand, you’re better prepared to shop for a home and make an offer.
Sebonic Financial’s customer service experience
Sebonic Financial is reachable via phone or email. You can also use its locator tool to find a loan originator near you.
- Phone: 866-336-8021
- Email: [email protected]
Compared to other lenders, which offer digital prequalification tools or mobile apps to help you navigate the homebuying process, Sebonic Financial’s customer service options are more limited. However, the company does have strong customer reviews, so you can be confident that you’re working with a secure, responsive company.
After the mortgage is approved and disbursed, you can manage your account through ServiceMac, Sebonic Financial’s loan servicing partner. You can use ServiceMac to make payments, view account details, and download IRS information.
How does Sebonic Financial compare to other lenders?
|  |  |
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| LendingTree’s rating |
Expert review from LendingTree.
Back to our Sebonic summary |
Expert review from LendingTree.
Read our Sebonic Financial vs. Chase comparison |
Expert review from LendingTree.
Read our Sebonic Financial vs. Alliant comparison |
| Minimum credit score | 550 | Not disclosed | Not disclosed |
| Minimum down payment | 0% to 3% | 0% to 3.5% | 0% to 5% |
| Rate spread
Rate spread is the difference between the average prime offer rate (APOR) — the lowest APR a bank is likely to offer any private customer — and the average annual percentage rate (APR) the lender offered to mortgage customers in 2024. The higher the number, the more expensive the loan.
| 0.45% | 0.11% | 0.35% |
| Loan products and programs |
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| Better for: | Those looking for government-backed loan programs | Those shopping for conventional loans for primary residences or investment properties | Those who need a home equity line of credit (HELOC) |
Sebonic Financial vs. Chase
Sebonic Financial and Chase offer FHA, VA and conventional loans. However, Sebonic Financial also offers USDA loans, so it may be more appealing if you’re shopping for a rural property.
Where Chase stands out is with its homebuyer grant programs; with this program, eligible homebuyers can qualify for grants up to $7,500 to put toward their home purchase.
Read more in our full Chase mortgage review.
Sebonic Financial vs. Alliant Credit Union
Unlike Sebonic, which only offers purchase loans and cash-out refinancing, Alliant also issues HELOCs. For borrowers who want access to a revolving line of credit based on their home equity, HELOCs can be appealing to pay for home improvement projects, medical bills or other expenses.
Read more in our full Alliant Credit Union mortgage review.
How LendingTree rated Sebonic Financial
LendingTree’s mortgage lender rating is based on a five-point scoring system that factors in several features, including digital application processes, available loan products and the accessibility of product and lending information.
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 “offers standard mortgage products” criterion if they offer only two of the three standard loan programs (conventional, FHA and VA). In some cases, additional information was provided by a lender representative.
Sebonic Financial’s scorecard:
❌ Publishes rates online
✅ Offers standard mortgage products
❌ Includes detailed product info online
✅ Shares resources about mortgage lending
✅ Provides an online application
Frequently asked questions
Although Sebonic Financial doesn’t have a prequalification tool, it does have a digital application program you can use to submit an application, upload documents and track your mortgage loan as it progresses through each step.
Sebonic Financial is a legitimate mortgage lender, with strong customer satisfaction ratings on Zillow and Trustpilot.
You can view more info about Sebonic Financial’s state licenses and registrations through the Nationwide Multistate Licensing System and Registry (NMLS) website.
When you apply for a loan through Sebonic Financial, the lender will perform a credit inquiry. A credit inquiry can damage your credit score. And, if you take out a loan and miss payments, the lender will submit the delinquencies to the major credit bureaus, significantly affecting your credit score.
Sebonic Financial is a reputable lender with competitive rates and multiple loan options, including government-backed loans. In general, customers give the company positive reviews; in reviews, customers praised the company’s responsiveness and speed.
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