Maryland Mortgage Rates

March 5, 2015 11:01 AM Eastern

Refinance rates now in BALTIMORE, MD [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

FHA 30 Year Fixed Rates as low as

Interest Rate
3.250%
APR
4.135%
Monthly Payment
$1,005
Sebonic Financial
Interest Rate
3.250%
APR
4.135%
Monthly Payment
$1,005
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $134
Total Monthly Mortgage Payment $1,005
Lender Fees $4,230
Lender Credit $0
Total Closing Fees* $4,230
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Low rates, low closing costs

Yes, I recommend this lender

I chose to do our refinance with Sebonic because of the positive reviews on lendingtree, low interest rates and a lender credit that would reduce our closing costs. We began the process in mid-January and everything went smoothly in the beginning. I completed their online application, submitted our financial documentation (pay stubs, bank statements...) and we paid for and completed our appraisal. After Sebonic received our documentation and the appraisal, the process bogged down. I was told the underwriters were behind schedule about 3 or 5 days. I had to follow up several times with various people in different departments to find out the status of our refinance. It was difficult to know who to talk to about our loan status. Everyone I spoke to was friendly and professional. Our 30 day rate lock expired and was extended by 7 days for free. I contacted Sebonic and found out that the underwriter had completed a conditional approval. I spoke to our final processor who said that she was just waiting for some IRS tax transcripts. A few days later our extended rate lock was about to expire and to extend it for 7 more days we would have to pay $466. I had to reach out to the mortgage broker to confirm that we didn't have to pay this fee. This fee should have been waived automatically. Then we got an updated good faith estimate but lender credit ($480) was less than what was initially promised ($950). I again had to contact the mortgage broker to make sure we were getting the promised lender credit. We were finally able to close and we signed the closing papers 39 days after we started this process. We are happy with the interest rate, closing costs and lender credit. When I spoke to Sebonic everyone was professional and polite. I just wish that someone at Sebonic was staying on top of things and coordinating our loan rather than me following up several times to find out what was going on. I also wish they were more upfront about the delays.

By: srs570788 (Southern California)

A ok

Yes, I recommend this lender

A ok!

By: SgtGitRDone (Katy, Texas)

Great for the uncomplicated borrower.

Yes, I recommend this lender

Although I was unable to consummate the loan process, for reasons I'll explain, they tried to get it approved. Even though I earn a significant 6 figure salary, I am paid buy my corporation who is paid by my law firm. The earnings being completely distributed each year yielded 0 income. Their underwriters could not wrap their head around that. Bottom Line, If you are not in that situation it should be a short and easy process. If you are, then let them know ahead of time so they can be upfront. Otherwise they are very well organized and do their best to find you the best rates.

By: jjhuckleberry (53125)
See All Reviews
Sebonic Financial
Interest Rate
3.625%
APR
3.743%
Monthly Payment
$913
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $913
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $913
Lender Fees $2,890
Lender Credit $0
Total Closing Fees* $2,890
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Low rates, low closing costs

Yes, I recommend this lender

I chose to do our refinance with Sebonic because of the positive reviews on lendingtree, low interest rates and a lender credit that would reduce our closing costs. We began the process in mid-January and everything went smoothly in the beginning. I completed their online application, submitted our financial documentation (pay stubs, bank statements...) and we paid for and completed our appraisal. After Sebonic received our documentation and the appraisal, the process bogged down. I was told the underwriters were behind schedule about 3 or 5 days. I had to follow up several times with various people in different departments to find out the status of our refinance. It was difficult to know who to talk to about our loan status. Everyone I spoke to was friendly and professional. Our 30 day rate lock expired and was extended by 7 days for free. I contacted Sebonic and found out that the underwriter had completed a conditional approval. I spoke to our final processor who said that she was just waiting for some IRS tax transcripts. A few days later our extended rate lock was about to expire and to extend it for 7 more days we would have to pay $466. I had to reach out to the mortgage broker to confirm that we didn't have to pay this fee. This fee should have been waived automatically. Then we got an updated good faith estimate but lender credit ($480) was less than what was initially promised ($950). I again had to contact the mortgage broker to make sure we were getting the promised lender credit. We were finally able to close and we signed the closing papers 39 days after we started this process. We are happy with the interest rate, closing costs and lender credit. When I spoke to Sebonic everyone was professional and polite. I just wish that someone at Sebonic was staying on top of things and coordinating our loan rather than me following up several times to find out what was going on. I also wish they were more upfront about the delays.

By: srs570788 (Southern California)

A ok

Yes, I recommend this lender

A ok!

By: SgtGitRDone (Katy, Texas)

Great for the uncomplicated borrower.

Yes, I recommend this lender

Although I was unable to consummate the loan process, for reasons I'll explain, they tried to get it approved. Even though I earn a significant 6 figure salary, I am paid buy my corporation who is paid by my law firm. The earnings being completely distributed each year yielded 0 income. Their underwriters could not wrap their head around that. Bottom Line, If you are not in that situation it should be a short and easy process. If you are, then let them know ahead of time so they can be upfront. Otherwise they are very well organized and do their best to find you the best rates.

By: jjhuckleberry (53125)
See All Reviews
Capital One
Interest Rate
3.625%
APR
3.759%
Monthly Payment
$913
(844) 326-5399 Contact
Capital One
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 60 Days
Down Payment $50,000
Principal and Interest Payments $913
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $913
Lender Fees $3,262
Lender Credit $0
Total Closing Fees* $3,262
*Other 3rd party fees may apply
Capital One
Email Lender

About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings—we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process—one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too—you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.

15 Year Fixed Rates as low as

Interest Rate
3.000%
APR
3.103%
Monthly Payment
$1,382
Sebonic Financial
Interest Rate
3.000%
APR
3.103%
Monthly Payment
$1,382
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,382
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,382
Lender Fees $1,420
Lender Credit $0
Total Closing Fees* $1,420
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Low rates, low closing costs

Yes, I recommend this lender

I chose to do our refinance with Sebonic because of the positive reviews on lendingtree, low interest rates and a lender credit that would reduce our closing costs. We began the process in mid-January and everything went smoothly in the beginning. I completed their online application, submitted our financial documentation (pay stubs, bank statements...) and we paid for and completed our appraisal. After Sebonic received our documentation and the appraisal, the process bogged down. I was told the underwriters were behind schedule about 3 or 5 days. I had to follow up several times with various people in different departments to find out the status of our refinance. It was difficult to know who to talk to about our loan status. Everyone I spoke to was friendly and professional. Our 30 day rate lock expired and was extended by 7 days for free. I contacted Sebonic and found out that the underwriter had completed a conditional approval. I spoke to our final processor who said that she was just waiting for some IRS tax transcripts. A few days later our extended rate lock was about to expire and to extend it for 7 more days we would have to pay $466. I had to reach out to the mortgage broker to confirm that we didn't have to pay this fee. This fee should have been waived automatically. Then we got an updated good faith estimate but lender credit ($480) was less than what was initially promised ($950). I again had to contact the mortgage broker to make sure we were getting the promised lender credit. We were finally able to close and we signed the closing papers 39 days after we started this process. We are happy with the interest rate, closing costs and lender credit. When I spoke to Sebonic everyone was professional and polite. I just wish that someone at Sebonic was staying on top of things and coordinating our loan rather than me following up several times to find out what was going on. I also wish they were more upfront about the delays.

By: srs570788 (Southern California)

A ok

Yes, I recommend this lender

A ok!

By: SgtGitRDone (Katy, Texas)

Great for the uncomplicated borrower.

Yes, I recommend this lender

Although I was unable to consummate the loan process, for reasons I'll explain, they tried to get it approved. Even though I earn a significant 6 figure salary, I am paid buy my corporation who is paid by my law firm. The earnings being completely distributed each year yielded 0 income. Their underwriters could not wrap their head around that. Bottom Line, If you are not in that situation it should be a short and easy process. If you are, then let them know ahead of time so they can be upfront. Otherwise they are very well organized and do their best to find you the best rates.

By: jjhuckleberry (53125)
See All Reviews
Sebonic Financial
Interest Rate
2.750%
APR
3.449%
Monthly Payment
$1,433
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,358
Estimated Mortgage Insurance Payments $75
Total Monthly Mortgage Payment $1,433
Lender Fees $3,500
Lender Credit $0
Total Closing Fees* $3,500
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Low rates, low closing costs

Yes, I recommend this lender

I chose to do our refinance with Sebonic because of the positive reviews on lendingtree, low interest rates and a lender credit that would reduce our closing costs. We began the process in mid-January and everything went smoothly in the beginning. I completed their online application, submitted our financial documentation (pay stubs, bank statements...) and we paid for and completed our appraisal. After Sebonic received our documentation and the appraisal, the process bogged down. I was told the underwriters were behind schedule about 3 or 5 days. I had to follow up several times with various people in different departments to find out the status of our refinance. It was difficult to know who to talk to about our loan status. Everyone I spoke to was friendly and professional. Our 30 day rate lock expired and was extended by 7 days for free. I contacted Sebonic and found out that the underwriter had completed a conditional approval. I spoke to our final processor who said that she was just waiting for some IRS tax transcripts. A few days later our extended rate lock was about to expire and to extend it for 7 more days we would have to pay $466. I had to reach out to the mortgage broker to confirm that we didn't have to pay this fee. This fee should have been waived automatically. Then we got an updated good faith estimate but lender credit ($480) was less than what was initially promised ($950). I again had to contact the mortgage broker to make sure we were getting the promised lender credit. We were finally able to close and we signed the closing papers 39 days after we started this process. We are happy with the interest rate, closing costs and lender credit. When I spoke to Sebonic everyone was professional and polite. I just wish that someone at Sebonic was staying on top of things and coordinating our loan rather than me following up several times to find out what was going on. I also wish they were more upfront about the delays.

By: srs570788 (Southern California)

A ok

Yes, I recommend this lender

A ok!

By: SgtGitRDone (Katy, Texas)

Great for the uncomplicated borrower.

Yes, I recommend this lender

Although I was unable to consummate the loan process, for reasons I'll explain, they tried to get it approved. Even though I earn a significant 6 figure salary, I am paid buy my corporation who is paid by my law firm. The earnings being completely distributed each year yielded 0 income. Their underwriters could not wrap their head around that. Bottom Line, If you are not in that situation it should be a short and easy process. If you are, then let them know ahead of time so they can be upfront. Otherwise they are very well organized and do their best to find you the best rates.

By: jjhuckleberry (53125)
See All Reviews
Sebonic Financial
Interest Rate
3.125%
APR
3.151%
Monthly Payment
$1,394
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,394
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,394
Lender Fees $354
Lender Credit $0
Total Closing Fees* $354
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Low rates, low closing costs

Yes, I recommend this lender

I chose to do our refinance with Sebonic because of the positive reviews on lendingtree, low interest rates and a lender credit that would reduce our closing costs. We began the process in mid-January and everything went smoothly in the beginning. I completed their online application, submitted our financial documentation (pay stubs, bank statements...) and we paid for and completed our appraisal. After Sebonic received our documentation and the appraisal, the process bogged down. I was told the underwriters were behind schedule about 3 or 5 days. I had to follow up several times with various people in different departments to find out the status of our refinance. It was difficult to know who to talk to about our loan status. Everyone I spoke to was friendly and professional. Our 30 day rate lock expired and was extended by 7 days for free. I contacted Sebonic and found out that the underwriter had completed a conditional approval. I spoke to our final processor who said that she was just waiting for some IRS tax transcripts. A few days later our extended rate lock was about to expire and to extend it for 7 more days we would have to pay $466. I had to reach out to the mortgage broker to confirm that we didn't have to pay this fee. This fee should have been waived automatically. Then we got an updated good faith estimate but lender credit ($480) was less than what was initially promised ($950). I again had to contact the mortgage broker to make sure we were getting the promised lender credit. We were finally able to close and we signed the closing papers 39 days after we started this process. We are happy with the interest rate, closing costs and lender credit. When I spoke to Sebonic everyone was professional and polite. I just wish that someone at Sebonic was staying on top of things and coordinating our loan rather than me following up several times to find out what was going on. I also wish they were more upfront about the delays.

By: srs570788 (Southern California)

A ok

Yes, I recommend this lender

A ok!

By: SgtGitRDone (Katy, Texas)

Great for the uncomplicated borrower.

Yes, I recommend this lender

Although I was unable to consummate the loan process, for reasons I'll explain, they tried to get it approved. Even though I earn a significant 6 figure salary, I am paid buy my corporation who is paid by my law firm. The earnings being completely distributed each year yielded 0 income. Their underwriters could not wrap their head around that. Bottom Line, If you are not in that situation it should be a short and easy process. If you are, then let them know ahead of time so they can be upfront. Otherwise they are very well organized and do their best to find you the best rates.

By: jjhuckleberry (53125)
See All Reviews

5 Year ARM Rates as low as

Interest Rate
2.625%
APR
2.963%
Monthly Payment
$804
Sebonic Financial
Interest Rate
2.625%
APR
2.963%
Monthly Payment
$804
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $804
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $804
Lender Fees $2,938
Lender Credit $0
Total Closing Fees* $2,938
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Low rates, low closing costs

Yes, I recommend this lender

I chose to do our refinance with Sebonic because of the positive reviews on lendingtree, low interest rates and a lender credit that would reduce our closing costs. We began the process in mid-January and everything went smoothly in the beginning. I completed their online application, submitted our financial documentation (pay stubs, bank statements...) and we paid for and completed our appraisal. After Sebonic received our documentation and the appraisal, the process bogged down. I was told the underwriters were behind schedule about 3 or 5 days. I had to follow up several times with various people in different departments to find out the status of our refinance. It was difficult to know who to talk to about our loan status. Everyone I spoke to was friendly and professional. Our 30 day rate lock expired and was extended by 7 days for free. I contacted Sebonic and found out that the underwriter had completed a conditional approval. I spoke to our final processor who said that she was just waiting for some IRS tax transcripts. A few days later our extended rate lock was about to expire and to extend it for 7 more days we would have to pay $466. I had to reach out to the mortgage broker to confirm that we didn't have to pay this fee. This fee should have been waived automatically. Then we got an updated good faith estimate but lender credit ($480) was less than what was initially promised ($950). I again had to contact the mortgage broker to make sure we were getting the promised lender credit. We were finally able to close and we signed the closing papers 39 days after we started this process. We are happy with the interest rate, closing costs and lender credit. When I spoke to Sebonic everyone was professional and polite. I just wish that someone at Sebonic was staying on top of things and coordinating our loan rather than me following up several times to find out what was going on. I also wish they were more upfront about the delays.

By: srs570788 (Southern California)

A ok

Yes, I recommend this lender

A ok!

By: SgtGitRDone (Katy, Texas)

Great for the uncomplicated borrower.

Yes, I recommend this lender

Although I was unable to consummate the loan process, for reasons I'll explain, they tried to get it approved. Even though I earn a significant 6 figure salary, I am paid buy my corporation who is paid by my law firm. The earnings being completely distributed each year yielded 0 income. Their underwriters could not wrap their head around that. Bottom Line, If you are not in that situation it should be a short and easy process. If you are, then let them know ahead of time so they can be upfront. Otherwise they are very well organized and do their best to find you the best rates.

By: jjhuckleberry (53125)
See All Reviews
Sebonic Financial
Interest Rate
2.750%
APR
2.967%
Monthly Payment
$817
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $817
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $817
Lender Fees $2,142
Lender Credit $0
Total Closing Fees* $2,142
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Low rates, low closing costs

Yes, I recommend this lender

I chose to do our refinance with Sebonic because of the positive reviews on lendingtree, low interest rates and a lender credit that would reduce our closing costs. We began the process in mid-January and everything went smoothly in the beginning. I completed their online application, submitted our financial documentation (pay stubs, bank statements...) and we paid for and completed our appraisal. After Sebonic received our documentation and the appraisal, the process bogged down. I was told the underwriters were behind schedule about 3 or 5 days. I had to follow up several times with various people in different departments to find out the status of our refinance. It was difficult to know who to talk to about our loan status. Everyone I spoke to was friendly and professional. Our 30 day rate lock expired and was extended by 7 days for free. I contacted Sebonic and found out that the underwriter had completed a conditional approval. I spoke to our final processor who said that she was just waiting for some IRS tax transcripts. A few days later our extended rate lock was about to expire and to extend it for 7 more days we would have to pay $466. I had to reach out to the mortgage broker to confirm that we didn't have to pay this fee. This fee should have been waived automatically. Then we got an updated good faith estimate but lender credit ($480) was less than what was initially promised ($950). I again had to contact the mortgage broker to make sure we were getting the promised lender credit. We were finally able to close and we signed the closing papers 39 days after we started this process. We are happy with the interest rate, closing costs and lender credit. When I spoke to Sebonic everyone was professional and polite. I just wish that someone at Sebonic was staying on top of things and coordinating our loan rather than me following up several times to find out what was going on. I also wish they were more upfront about the delays.

By: srs570788 (Southern California)

A ok

Yes, I recommend this lender

A ok!

By: SgtGitRDone (Katy, Texas)

Great for the uncomplicated borrower.

Yes, I recommend this lender

Although I was unable to consummate the loan process, for reasons I'll explain, they tried to get it approved. Even though I earn a significant 6 figure salary, I am paid buy my corporation who is paid by my law firm. The earnings being completely distributed each year yielded 0 income. Their underwriters could not wrap their head around that. Bottom Line, If you are not in that situation it should be a short and easy process. If you are, then let them know ahead of time so they can be upfront. Otherwise they are very well organized and do their best to find you the best rates.

By: jjhuckleberry (53125)
See All Reviews
Capital One
Interest Rate
2.750%
APR
2.992%
Monthly Payment
$817
(844) 326-5399 Contact
Capital One
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 60 Days
Down Payment $50,000
Principal and Interest Payments $817
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $817
Lender Fees $2,762
Lender Credit $0
Total Closing Fees* $2,762
*Other 3rd party fees may apply
Capital One
Email Lender

About the Lender

You can expect better with Capital One. Whether you need help with refinancing, a new home purchase, debt consolidation, or financing home improvements, your idea of better likely starts with savings—we maximize your savings with competitive rates and lower than average closing costs. But savings is only the start. We also strive to provide a better loan process—one that’s totally clear right from the start, with no hidden fees or unexpected surprises along the way. You can expect better service too—you’ll have a responsive team of dedicated mortgage specialists assigned and available to you every day, each member trained to anticipate and able to take care of all your needs.
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

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Maryland Loan Options and Mortgage Rates
The state of Maryland, nicknamed The Old Line State, sits atop the list of states with the highest median income, and has done so for several of the last few years. Because of this Mid-Atlantic state's proximity to our nation's capital, it has become the home of many politicians. Cities like Baltimore and Bethesda house government installations and enclaves for government workers. 

Millions of non-politicos also call Maryland their home, and enjoy access to affordable loan options at attractive MD mortgage rates. Among these are programs offered through the Maryland Department of Housing and Community Development.

Loan Programs and Down Payment Assistance for MD Residents
The Department of Housing and Community Development (DHCD) has an innovative program to work with certain employers to match down payment funds for the borrower. Buyers get a "dollar-for-dollar" match, up to a certain limit, toward down payment and closing costs from these participating employers.  This program, entitled the "House Keys 4 Employees" comes in the form of a zero percent deferred loan that is repayable at the time of payoff or refinance, or upon the sale or transfer of the house.

Another program, The CDA Maryland Mortgage Program, provides low Maryland mortgage interest rates to eligible homebuyers with low-income to moderate-income households through private lending institutions state-wide. This program was developed mainly with first-time homebuyers in mind.

Other available programs are targeted toward seniors 55+, who need to renovate their principal residence. Loans for this group start at current MD mortgage rates, or slightly below, and are based on certain eligibility criteria, including credit and family income levels.  They are setup as 30-year amortizing loans with a maximum loan to value ratio, combined with all other junior or senior loans.

Renovation Loans and Maryland Mortgage Rates
The Maryland Housing Rehabilitation Program (MHRP) provides funds for owners to preserve and improve their single family homes. Available money can be used to bring properties that may have fallen into disrepair up to code.  

Applicants pay a low MD mortgage interest rate on the loan, and must pass eligibility requirements, including proving their ability to repay the loan over time. The amount of the home that can be financed is capped, and loans over a certain amount are considered to be in "second position."  

Once necessary safety and code repairs are made, the homeowner can use additional money to install other general improvements, including in the following areas:

• bathroom
• carpeting
• closet
• fences and landscaping
• kitchen
• other small additions.