LenderFi Mortgage Review 2023
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.
The bottom line:
Editor's note: LenderFi is no longer offering home loans.
Pros & Cons
- Rates and fees had been lower than most lenders', according to the latest federal data.
- The lender is no longer processing new loans.
Get more smart money moves — straight to your inbox
Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love.
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.
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).