LenderFi Mortgage Review 2023
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Our Take
2.5
Pros & Cons
Pros
- Rates and fees had been lower than most lenders', according to the latest federal data.
Cons
- The lender is no longer processing new loans.
Compare to Other Lenders
Full Review
LenderFi said via email in fall 2022 that it had decided to leave the mortgage-lending business, and its website no longer offers information about the company, its contact details or remaining operations. Previously, borrowers could purchase or refinance primary residences, and vacation and second homes.
Alternatives to LenderFi mortgage
Here are some comparable lenders we review that borrowers can consider.
Rocket Mortgage can be a strong choice for refinancing, while NBKC gets high marks for rates and fees.
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More from NerdWallet
NerdWallet’s overall ratings for mortgage lenders are evaluated based on four major categories: variety of loan types (purchase, refinance, fixed and adjustable, for example), ease of application, rates and fees and rate transparency. Among the factors we consider when scoring these categories are options to apply for and track loans online, the level of detail about mortgage rates on lender websites and our analysis of the rates and fees lenders reported in the latest available Home Mortgage Disclosure Act data. These scores generate ratings from 1 star (poor) to 5 stars (excellent).
