![]() This is always a bit of a letdown, but not necessarily a deal breaker. And like many other lenders, Cardinal Financial doesn’t advertise them on their website. While advertised mortgage rates are just that, advertised rates, it’s still nice to see them. So no matter what you’re buying or refinancing, Cardinal Financial should have you pretty well covered. With regard to specific loan programs, you can get a fixed-rate mortgage or an adjustable-rate mortgage in terms from 10 to 30 years. They even provide financing to those who call a shipping container home, because hey, why not? They offer manufactured home loans (single-width, multi-width, and modular homes), and get this, Tiny Home loans for those really small houses that are on-trend. Those purchasing or refinancing a particularly expensive property can take out a jumbo home loan up to $3 million.Īnd they’ve also got affordable Community Lending loan programs, down payment assistance, and disaster relief loans.īut wait, there’s more. They offer conventional home loans backed by Fannie Mae and Freddie Mac, along with government-backed mortgages like FHA loans, USDA loans, and VA loans. You can get a home purchase loan, refinance loan ( rate and term or cash out), renovation loan like an FHA 203k, or a construction loan. When it comes to financing options, Cardinal Financial has a ton. Fixed-rate mortgages and ARMs with terms from 10 to 30 years.Jumbo loans up to $3 million loan amounts.Government home loans backed by the FHA, USDA, and VA.Conventional loans backed by Fannie Mae and Freddie Mac.Home purchase, refinance, renovation, and construction loans.Types of Mortgages Offered by Cardinal Financial Those who aren’t totally sold on technology always have the option of connecting with their loan officer as well, so there’s still a human touch as well. You’re also able to compare loan options, mortgage rates, and closing costs in detail, side-by-side, to determine what’s best for your situation.Īnd once approved, you can monitor loan progress and receive live updates as each loan milestone is completed. This means you can apply online, upload files on your to-do list, and securely e-sign documents instead having to rely on email or a fax machine. Their goal is to make getting a mortgage both faster and easier by eliminating common pain points and leveraging technology. If you go the online route, first you select a loan officer, then you can visit their personal website and apply for a home loan instantly.Ĭardinal Financial relies upon its proprietary home loan platform known as “Octane,” which as the name implies is built for speed. You can also call them up over the phone if you’d prefer to get things started that way. Once you visit the Cardinal Financial website, you can search for a loan officer by name or by location, or simply request a free rate quote. Generates a personalized to-do list so you know what needs to be done to get to the finish line.Allows you to apply online, e-sign documents, and track loan progress 24/7.They offer a digital mortgage application and loan process known as Octane.You can call them up directly, request a free rate quote, or connect with a loan officer online.How to Get a Mortgage with Cardinal Financial Lastly, they operate a digital startup division known as Sebonic Financial, which appears to be their online-only mortgage department. They also operate a wholesale lending division for mortgage brokers, so it’s possible to obtain a mortgage from Cardinal Financial indirectly if your broker is approved to work with them. While they do a lot of business all across the nation, their biggest state based on volume in 2019 was Texas, followed by California, Tennessee, Washington, and Nevada.Ībout half of their total volume was for home purchase financing, so it’s clear they’ve got a good relationship with real estate agents. They are licensed in all 50 states and the District of Columbia, which is a somewhat rare feat unless we’re talking about the largest mortgage lenders in the nation.Īs it stands, they’re a top-40 mortgage lender with aspirations to perhaps land in the top-25 at some point. Also operate a wholesale lending division for mortgage brokersĬardinal Financial is a direct-to-consumer mortgage lender with 118 branches nationwide.On their way to being a top-25 mortgage lender nationally.Funded nearly $8 billion in home loans during 2019.Licensed in all 50 states and the District of Columbia.Founded in 1987, 118 branch locations nationwide.Direct-to-consumer mortgage lender based in Charlotte, NC.
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