Overview: HomeBridge Financial Services Review
When it comes to getting a mortgage, homebuyers today have many more options than homebuyers in the past.
While buyers were once limited to borrowing from just a few big banks, there are now many nonbank lenders that can help your dreams of owning a home come true.
Many first-time homebuyers are turning to companies like HomeBridge Financial Services.
In this article, we’ll discuss HomeBridge Financial and give an overview of what customers have said in other HomeBridge Financial Services reviews on the web.
We’ll also give you our own honest HomeBridge Financial Services review and let you know all the pros and cons of using the company for your mortgage and home loan needs.
Source: HomeBridge Financial Services Homepage
You may be looking for an overview of HomeBridge along with some mortgage tips to help you choose the best lender. If you’re not sure whether homebridge.com is a good fit for you, read on for our complete and comprehensive HomeBridge Financial Services review.
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What Is HomeBridge Financial Services?
HomeBridge Financial Services is a lending company that provides mortgage and other home loan services to customers. Many customers who get a HomeBridge mortgage are new homebuyers looking to purchase a house for the first time.
While HomeBridge Financial is not a bank, it does operate in much the same way as traditional banking institutions. Getting a mortgage through HomeBridge is not like going through a mortgage broker, where you might expect to pay higher fees while your broker shops around for the best loan. With HomeBridge, you’ll pay fees similar to what you might pay at a bank and will be limited to selecting from the products offered by HomeBridge Financial Services.
More and more consumers today are choosing to get a mortgage through non-bank lenders such as Homebridge. The sheer number of HomeBridge Financial Services reviews on the Internet should tell you that many people are using this company and sharing their experiences online.
What Services Does Homebridge Offer?
The HomeBridge mortgage is the most popular service offered through HomeBridge Financial and makes up the backbone of the company. When it comes to purchasing a new home, HomeBridge funding is considered to be a good choice, according to many HomeBridge Financial Services reviews.
HomeBridge specializes in helping homeowners find the right home loan or in refinancing their current home. You can get a conventional home loan through HomeBridge Financial Services that matches your specific needs.
Many of the HomeBridge Financial Services reviews on the Internet overlook some of the other niche products offered at homebridge.com. HomeBridge Financial offers not only conventional loans but also assists customers with a wide variety of products.
In our HomeBridge Financial Services review, we found that it provides good service when it comes to these niche products. If you’re not sure exactly what you qualify for or what product is best for you, HomeBridge can be extremely helpful in setting you up with the best possible loan.
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On homebridge.com, you can check out several different FHA and VA loans offered through HomeBridge:
- FHA mortgages are ideal for potential homebuyers with limited or poor credit histories who can’t afford to make a large down payment but still want to own a house. While you can get one of these mortgages through homebridge.com, an FHA mortgage is really just a loan through a private lender that is insured by the FHA (Federal Housing Administration). These loans are easy to qualify for and require a smaller down payment than other Homebridge mortgages.
- FHA (203)k mortgages are also offered by HomeBridge Financial Services. These mortgages, like other FHA mortgages, are an excellent choice for homebuyers with poor credit scores. However, as we discovered in our HomeBridge Financial Services review, these mortgages are designed for homebuyers with new homes that require major repairs within the first several years. This type of HomeBridge mortgage allows buyers to move in and fix up the house quickly without worrying about immediately paying for repairs out of pocket.
- FHA Energy Efficient Mortgages are a lot like the other FHA mortgages mentioned in this HomeBridge Financial Services review. This particular type of mortgage allows homeowners to receive a loan to make upgrades that will increase their home’s energy efficiency. The cost of these upgrades is financed into your mortgage loan, making it simple to manage.
- VA mortgages are special mortgages available only to US military veterans and active duty service members. While these are offered on homebridge.com, some online HomeBridge Financial Services reviews claim that the company’s loan originators are not particularly knowledgeable in this area.
HomeBridge Financial doesn’t just offer conventional, FHA or VA mortgages. You can also get HomeBridge funding for renovation loans. These loans allow homeowners to perform home repairs without having to wait to save up money or take on credit card debt.
Source: HomeBridge Family
Finally, you can even get a reverse mortgage through homebridge.com. A reverse mortgage is ideal for seniors who are homeowners and want to remain in their home for as long as possible. Reverse mortgages allow seniors to do this, giving them the option of living at home without the prohibitive cost of monthly mortgages payments. This kind of HomeBridge funding isn’t right for everyone, but it can be a great relief for some.
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HomeBridge Wholesale
If you’re a consumer looking to get a HomeBridge mortgage, you’ll go through one of the HomeBridge Financial loan originators, who will help you choose the right product. However, many customers looking for honest HomeBridge Financial Services reviews may wonder about HomeBridge’s wholesale division.
HomeBridge Wholesale goes by the company name REMN. The average customer writing a HomeBridge Financial Services review hasn’t dealt personally with HomeBridge Wholesale, as this division of the company doesn’t work directly with customers.
Instead, HomeBridge Wholesale works to originate loans, fund loans, and then sell them on the secondary market. This keeps the business side of HomeBridge Financial Services running smoothly and ensures funding is provided for all loans.
HomeBridge Wholesale prides itself on offering quick turnaround times and ensuring that HomeBridge customers get all needed documentation quickly. However, a glance at the HomeBridge Financial Services reviews available online shows that this isn’t always true.
HomeBridge Financial Services Reviews
We did the research on HomeBridge so that you don’t have to read every HomeBridge Financial Services review on the Internet to get a good idea of what working with the company is like. We dug up tons of HomeBridge Financial Services reviews to see what customers liked about their HomeBridge mortgage and loans as well as what problems customers had with the company.
Opinions vary wildly from one HomeBridge Financial Services review to the next. This is mostly due to the fact that customers around the nation are interacting with different HomeBridge offices. Some HomeBridge Financial offices have knowledgeable and friendly loan originators who provide excellent service while others may be less qualified and fail to meet customer needs.
One of the major problems with HomeBridge is its customer service. In examining reviews of HomeBridge on Consumer Affairs, we found a number of customers with negative experiences relating to customer service. Similar negative reviews have also appeared on Lending Tree, though there are also more positive reviews for HomeBridge on Lending Tree.
Some writers of these HomeBridge Financial Services reviews have claimed that when they called HomeBridge about their loan, they were told to expect a call back, only to be ignored. This may seem like a few isolated incidents, but so many HomeBridge Financial Services reviews mention this exact same problem.
Another issue is paperwork. First, HomeBridge does not always get paperwork processed in a timely manner. Customers writing HomeBridge Financial Services reviews often complain that paperwork is processed at the last minute. Additionally, HomeBridge seems to request the same paperwork from customers multiple times, causing unnecessary delays and extra work for customers.
Other HomeBridge Financial Services reviews describe major customer service experiences or mix-ups, including mistakes made by HomeBridge regarding payments. While we can’t confirm the truthfulness of other HomeBridge Financial Services reviews, the prevalence of these complaints makes them noteworthy.
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Our HomeBridge Financial Services Review
In our own HomeBridge Financial Services review, we found both pros and cons to using the company. The biggest downside is the unpredictability of service. While some HomeBridge loan originators are fantastic and provide excellent service, others can be unprofessional and leave customers feeling frustrated.
However, HomeBridge Financial offers a great selection of products. If you have a HomeBridge location near you that you trust, there’s no reason not to consider a HomeBridge mortgage.
Source: HomeBridge Logo
Another wonderful feature is the variety of products offered by HomeBridge. It can be hard to find good mortgage tips and advice, especially if you have a questionable credit history. However, HomeBridge seems to specialize in helping potential homeowners with poor credit scores find the right loan. This doesn’t mean HomeBridge is reckless or an irresponsible lender, but it can help struggling lenders purchase a home responsibly.
In choosing a mortgage provider, it’s important to consider all your options and weigh them carefully. If negative HomeBridge Financial Services reviews make you uneasy about getting a HomeBridge mortgage, you should certainly shop around.
Ultimately, buying a house and choosing a mortgage provider is one of the biggest financial decisions you’ll ever make. With the housing market still recovering and the country’s economic future as uncertain as ever, it makes sense to do your research and check out all the HomeBridge Financial Services reviews out there before committing to a HomeBridge mortgage.
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