in Home Purchase Mortgages from Sebonic FinancialUnaffiliated
|Loan Amount||Up to $3,000,000|
|APR||Starting at 3%|
|Loan Term (Years)||15 - 30|
Sebonic Financial Review
Where does Sebonic Financial do business?
Sebonic Financial is a direct lender based in Charlotte, NC. The company was founded in 1987 and offers mortgages to borrowers in 49 states (and Washington, DC).
How much can you borrow via Sebonic Financial?
Sebonic Financial allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with Sebonic Financial?
Sebonic Financial offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What range of rates does Sebonic Financial offer?
Sebonic Financial offers home loans with APRs starting at 3% .
Does Sebonic Financial charge a mortgage origination fee?
Yes, Sebonic Financial may charge a loan origination fee.
What mortgage programs does Sebonic Financial offer?
Sebonic Financial offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
- VA: 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.
What property usage types does Sebonic Financial allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Sebonic Financial allows the following property usage types:
- Primary home
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia