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Sebonic Financial Mortgage Review 2021

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Editor’s note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone. The information in this article is accurate as of the date of publishing.

Sebonic Financial is a division of Cardinal Financial Company, which is a mortgage lending institution founded in 1987.

Established in 2013 and headquartered in Charlotte, N.C., Sebonic Financial offers a wide range of home loans for both purchases and refinances.

Pros and cons of a Sebonic Financial mortgage


  • Offers a wide range of conventional and government-backed loan products
  • Offers low- and no-down-payment options
  • Originates loans in all 50 states
  • Provides a digital online mortgage process
  • Provides lending options for investment properties and second homes


Working with Sebonic Financial

Sebonic Financial is licensed to originate mortgages in all 50 states and the District of Columbia. There are two physical branch locations — in Charlotte, N.C., and Rockville, Md.

Sebonic’s loan originators have served an average of four years with the company and have an average of 10 years of experience in mortgage lending.

Sebonic Financial borrowing requirements

The credit score required for a Sebonic mortgage loan varies based on the mortgage program that is selected. Borrowers applying for a conventional loan will need at least a 620 credit score, but requirements can go as low as 580 with a 3.5% down payment for a loan backed by the Federal Housing Administration (FHA).

The following property types are eligible for a Sebonic home loan:

  • Single-family homes
  • Multifamily homes
  • Condominiums
  • Manufactured homes
  • Townhouses

Sebonic Financial mortgage products


  • Conventional loans. Sebonic offers fixed-rate mortgages at 10, 15, 20, 25 and 30 years with minimum down payments as low as 3%.
  • Fannie Mae HomeReady® mortgage. Sebonic offers the HomeReady program, which requires just 3% down.
  • Freddie Mac HomeOneSM mortgage. Sebonic offers the HomeOne program, which requires just 3% down.
  • FHA loans. Borrowers with credit scores as low as 580 with 3.5% down may be eligible.
  • VA loans. Military service members, veterans and spouses may qualify for a loan insured by the U.S. Department of Veterans Affairs (VA). No down payment or mortgage insurance is required.
  • USDA loans. Low- to moderate-income borrowers in designated rural areas may qualify for a mortgage loan backed by the U.S. Department of Agriculture (USDA). No down payment is required.
  • Investment loans. Sebonic offers financing for real estate investors looking to buy properties for rental income.


Sebonic Financial offers both rate-and-term and cash-out refinances to eligible borrowers.

The mortgage application process

  • How to apply. The simplest way to start a mortgage application is by using Sebonic Financial’s online platform, to answer a few questions about you, your financing goals and your property. Your loan originator can also walk you through the application over the phone if you prefer.
  • Disclosure process. You will submit and sign documents electronically through the online portal.
  • Submitting loan for approval. Once you’ve uploaded your documentation, your loan originator will request a home appraisal and submit the loan for approval. You will also work with your loan originator to lock your mortgage rate.
  • Final approval. Once you receive final loan approval, it’s time to schedule your mortgage closing date. Three business days before that date, you’ll receive your closing disclosure to review.
  • Closing. You will then sign most documents online, with a few final documents requiring in-person signatures. Typically, you can decide when and where to sign the documents — at home, an office or elsewhere with a notary.

Communication during the process

Sebonic loan originators and transaction coordinators are available throughout the entire loan process. You can expect regular status update through Sebonic’s lending platform so you’re kept up-to-date on your loan’s progress.

You can reach the Sebonic mortgage team by phone at (855) 561-4944 or via email at [email protected].


Today's Mortgage Rates

  • 2.35%
  • 2.13%
  • 3.10%
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