Sebonic Financial

• Loan Products
• Customer Service
• Financial Calculators

Loan Products

Sebonic offers conventional fixed-rate mortgage loans and adjustable-rate mortgage loans (ARMs). With multiple loan products available, Sebonic is able to meet a wider array of borrower needs: 

• VA loans for current and former members of the military — 0% down payment, low interest rates, no monthly Private Mortgage Insurance (PMI).
• FHA loans for borrowers with low to moderate income — As little as 3.5% down payment, minimum credit score of 550.
• Jumbo loans for loan amounts up to $3 Million with low interest rates.
• USDA loans for rural properties — 0% down payment, low/moderate income may qualify.

It should be noted that Sebonic Financial's Jumbo loan limit is extremely high compared to most other loan brokers. The Jumbo loan standard lending limit in many states across the country is around $750,000. At Sebonic Financial, the Jumbo loan limit can reach up to $3 million. If you are in the market for a multi-million dollar house then Sebonic Financial will be able to help.

Another helpful service provided by Sebonic Financial is the option to refinance a conventional loan into an FHA loan. This is can be especially beneficial for borrowers with low credit scores who would like to save more money on their monthly payment.

Eligibility depends on factors like your credit report, income, and any existing outstanding debt. In addition to new home purchase loans, Sebonic Financial provides refinancing services as well.

Customer Service

Sebonic Financial keeps borrowers in the loop throughout the entire home loan process by providing frequent communication and updates from your assigned loan officer. These loan consultants are meant to balance communication and efficiency, taking care of customer needs while working quickly.

Sebonic is prompt to contact prospective borrowers. When you fill out a form for a free rate quote, a loan specialist will contact you within minutes if it's during business hours.

Financial Calculators

It's convenient that the Sebonic website features a mortgage calculator for prospective borrowers to input various financial details and see how a monthly payment changes based on factors like home price, loan term, down payment, interest rate, property taxes, and home insurance.

In addition, the refinance calculator illustrates how much money you can save on your mortgage loan and when you will break even based on the original loan amount and original APR, new loan amount and APR, and applicable closing costs and fees associated with the mortgage.

The amortization calculator shows how much you pay in interest versus the principal amount based on the loan term.

• Unpublished Rates
• Mail In First Payment

Unpublished Rates

Sebonic Financial does not have current interest rates, fees, or estimated closing costs published on its website. The default interest rate on their official loan estimates mortgage calculator is 3.75 percent, but rates can fluctuate frequently, and it is unclear if that rate is fixed or variable.

Although rates are not disclosed upfront, you may be able to get an estimate of what rate you would get by entering your information into the mortgage calculator provided on the Sebonic Financial website. 

Mail In First Payment

If you are making your first payment on your Sebonic Financial loan, you must mail it in. This could be inconvenient for some borrowers, especially those who prefer a complete online payment process.

However, existing and/or returning Sebonic Financial customers can make all payments online through their online account.