Sebonic Mortgage Review 2023

Good for: borrowers who want a variety of loan products paired with a smooth digital process.
By Phil Metzger 

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.

Our Take


NerdWallet rating 

The bottom line:

Sebonic Financial offers a standard variety of mortgage types and products, and the convenience of a digital application process. Sebonic doesn’t publish mortgage rates online or offer home equity loans or lines of credit.

Sebonic Financial
Sebonic Financial: NMLS#66247
Min. credit score
Min. down payment
Loan types and products
Purchase, Refinance, Jumbo, Fixed, Adjustable, FHA, VA, USDA

Pros & Cons


  • Convenient online application and loan process updates.
  • Offers a variety of mortgage options, including FHA, VA and USDA loans.


  • Mortgage interest rates aren't published online.
  • Doesn’t offer home equity loans or lines of credit.
  • Lender fees are on the high side, according to the latest federal data.

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Full Review

What borrowers say about Sebonic mortgage

NerdWallet’s lender star ratings assess objective qualities, including rates, fees and loan offerings. To assess borrowers’ subjective experiences with lenders, NerdWallet has gathered customer satisfaction ratings from Zillow.

  • Sebonic Financial receives a customer rating of 4.43 out of 5 on Zillow, as of the date of publication. The score reflects more than 3,420 customer reviews.

Sebonic mortgage variety of loan types

  • 5 of 5 stars

Sebonic Financial, a division of Cardinal Financial, is a nonbank lender offering a full selection of fixed- and adjustable-rate mortgages, including FHA, VA and USDA loans. The company also offers refinancing options and jumbo loans. Like many nonbank lenders, Sebonic does not offer home equity loans or lines of credit.

Sebonic mortgage ease of application

  • 5 of 5 stars

Sebonic Financial offers an all-digital mortgage process, supplemented with human guidance.

Prospective borrowers start by calling a toll-free number or requesting a quote by providing contact information. They can then check the status of their loan application, review and upload documents, and maintain contact with their loan team via Sebonic's online platform.

Sebonic mortgage rates and fees

  • 2.5 of 5 stars

  • Sebonic Financial earns 2 of 5 stars for average origination fee.

  • Sebonic Financial earns 3 of 5 stars for average mortgage interest rates.

Borrowers should consider the balance between lender fees and mortgage rates. While it's not always the case, paying upfront fees can lower your mortgage interest rate. Some lenders will charge higher upfront fees to lower their advertised interest rate and make it more attractive. Some lenders just charge higher upfront fees.

Sebonic mortgage rate transparency

  • 1 of 5 stars

Current mortgage interest rates aren’t publicly visible anywhere on Sebonic’s website, even after you’ve submitted the rate quote form. Sebonic will reach out with a digital welcome packet and encourage you to create an account to move forward in the process, which includes providing rates for various mortgage options.

Alternatives to Sebonic mortgage

Here are some comparable lenders we review that borrowers can consider.

Guaranteed Rate offers a similar digital experience, and Carrington offers comparable options for credit-challenged borrowers.

Getting ready to buy a home? We’ll find you a highly rated lender in just a few minutes.

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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).