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Sebonic Financial Mortgage Review 2022

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Sebonic Financial is a national direct mortgage lender founded in 2013 and based in Charlotte, N.C. The lender is a division of Cardinal Financial Co., and is licensed to lend in all 50 states and the District of Columbia.

Who is this lender for?
  • Borrowers looking for a fast, simple mortgage process and quick closing.
  • Service members and veterans seeking a VA loan.
  • Homebuyers wanting a low down-payment FHA loan.

5/10  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.

  = 1 pt   = 0 pts

  1.   Application online
  2.   Product info online
  3.   Rates listed online
  4.   Helpful articles about mortgages and homebuying
  5.   Standard product offerings (Conventional/FHA/VA/USDA)
  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

Sebonic Financial pros and cons


  Low credit scores can qualify. Sebonic will issue FHA loans to people with credit scores as low as 550, lower than other lenders.

  Digital mortgage process available. Sebonic uses a lending platform called Octane, which allows potential borrowers to track their progress online and simply see which steps are still needed.

  USDA loans offered. These loans offer no down payment for low- to moderate-income borrowers in rural areas.


  You must contact a loan officer to get a rate quote. There’s no online application. You can begin the process online, but you’ll need to connect with a loan officer to complete the process or get a rate quote via Sebonic’s Octane platform.

  Larger down payment needed for conventional loans. Sebonic requires a 5% down payment on conventional loans, larger than the 3% some lenders offer.

  No rate information available online. The Sebonic website is sparse, with few details on the mortgage process or what rates are available.

Sebonic Financial borrowing requirements

Minimum credit score550 for FHA loans 620 for conventional loans
Minimum credit score 
  • 550 for FHA loans
  • 620 for conventional loans
Minimum down payment 
  • 5% on conventional fixed-rate loans
  • 3.5% on FHA loans
  • 0% on VA and USDA loans
Available loan terms 
  • 10 to 30 years
Available loan types 
  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo

Sebonic Financial mortgage rates and fees

Sebonic doesn’t publish its rates and fees online. You’ll need to contact one of the company’s loan officers to get information on what you might qualify for.

Sebonic mortgage products


  • Conventional loans. Sebonic offers fixed-rate mortgages with terms ranging from 10 to 30 years with minimum down payments as low as 5%.
  • FHA loans. Borrowers with credit scores as low as 550 may be eligible.
  • VA loans. Military service members, veterans and spouses may qualify for a loan insured by the U.S. Department of Veterans Affairs (VA). No down payment or mortgage insurance is required.
  • USDA loans. Low- to moderate-income borrowers in designated rural areas may qualify for a mortgage backed by the U.S. Department of Agriculture (USDA). No down payment is required.
  • Jumbo loans. Sebonic offers loans of up to $3 million for those who qualify. The lender also has an interest-only, adjustable-rate jumbo loan.


Sebonic Financial offers refinance loans but doesn’t disclose on its website which specific loan programs are eligible for refinances.

Home equity

Sebonic doesn’t offer home equity loans, according to its website.

Special programs

Sebonic doesn’t advertise any specialty loan programs.

How does Sebonic Financial compare to other lenders?

Sebonic FinancialAmeriSave MortgageMr. Cooper
Minimum credit score 
  • 550 for FHA loans
  • 620 for conventional loans
  • 600 FHA and VA
  • 620 Conventional
  • 640 USDA
  • Not published
Minimum down payment 
  • 5% on conventional fixed-rate loans
  • 3.5% on FHA loans
  • 0% on VA and USDA loans
  • 0% (VA and USDA)
  • 5% on conventional loans
  • 3.5% on FHA loans
  • 0% on VA loans
Loan products and types 
  • Conventional, FHA, VA, USDA, jumbo
  • Conventional, FHA, VA, USDA
  • Conventional, FHA, VA, jumbo
Special programs offered 
  • None
  • Solar financing
  • Real Estate Rewards Program
  • Close On Time Guarantee
Lender ReviewAmeriSave MortgageMr. Cooper


Today's Mortgage Rates

  • 5.95%
  • 5.76%
  • 3.31%
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