
Cardinal Financial Mortgage
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Loan Amount | N/A |
Loan Term (Years) | Starting at 10 years |
Credit Score Range | Starting at 580 |
No Origination Fee | N/A |
Cardinal Financial Mortgage Review
Cardinal Financial Mortgage are offered by Cardinal Financial Company (NMLS #66247), a nonbank financial services provider founded in 1987 and based in Charlotte, NC. Cardinal Financial Mortgage are available in 50 states (and Washington, DC).
Key Takeaways
- 4 different mortgage programs offered. Cardinal Financial Mortgage offers FHA, USDA, VA, jumbo, conforming, and conventional mortgages.
- Financing for a variety of property types. Offers home loans for manufactured, single, and multi-family homes.
- Standard interest rates types. Cardinal Financial Mortgage offers adjustable-rate mortgages and fixed-rate mortgages.
- Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
- Fair credit accepted. Borrowers with a credit score as low as 580 may qualify for Cardinal Financial Mortgage.
Cardinal Financial Mortgage Pros & Cons
Pros | Cons |
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Cardinal Financial Mortgage FAQ
What mortgage rates does Cardinal Financial Company offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, Cardinal Financial Mortgage may charge a loan origination fee.
What mortgage programs are available?
Besides conventional mortgages, Cardinal Financial Mortgage offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($548,250 as of 2021).
- USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
- VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What property usage types does Cardinal Financial Mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Cardinal Financial Mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for Cardinal Financial Mortgage is (855) 561-49444.
What is the support contact email?
The support contact email for this business credit card is customercare@cardinal.com.
Contact
- Headquarters
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3701 Arco Corporate Drive
Charlotte, NC 28273 - (855) 561-49444
- Visit Site
- Email Support
About Cardinal Financial Mortgage
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
- Nebraska
- New Hampshire
- New Jersey
- New Mexico
- Nevada
- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Feature Breakdown
Credit Score Range | 580 - |
Employment Statuses Considered |
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Intended Use |
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Joint Loan Applications Accepted |
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Minimum Age | 18 |
Minimum Down Payment | 0% - 10% |
Property Type |
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Verification Documents Required |
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