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Homie Loans Reviews


bestfor-icon Be involved in your loan process

Written by Steve Chen

About Homie Loans | Read More


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Mon-Fri 9am-5pm MST
Sat-Sun Closed
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  • (385) 429-6888
  • Headquarters: 10355 S Jordan Gateway #525, South Jordan, UT 84095
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Homie Loans Mortgages Review

Homie Loans offers a range of different mortgage products for customers looking for funding for new purchases or home refinancing. Unfortunately, much of the detailed information relating to the types of mortgages available and the terms and conditions of the mortgages are not published on the Homie Loans website. Still, our team has listed the mortgage details that are available in the table below.

Homie Loans Mortgages Highlight


Min Credit Score

15-30 years

Repayment terms


Soft Credit Pull


Lender Type


Underwriting Fee


Other Fees


Origination Fee


Prepayment Fee

25-30 Days

Funding Time



Pros & Cons

  • con-icon Home buyers and sellers can save money by using the platform
  • con-icon Cuts down on agent commission fees and offers a refund at closing
  • con-icon Offers an interest rate matching guarantee or $500 in cash (not available in Nevada)
  • con-icon Can use a Homie Loan mortgage on any real estate platform, including Zillow and Trulia
  • con-icon No cash refund for buying a home listed on Homie’s platform; cash refund can only be used for closing expenses
  • con-icon No financing for 5%-down Jumbo loans or adjustable-rate mortgages (ARMs)
  • con-icon Limited information available regarding mortgage rates, terms, and fees

Mortgage Type

  • Mortgage Purchase
  • Mortgage Refinance
  • FHA

Homie Loans Mortgages Terms & Requirements

One of the main drawbacks to using Homie Loans is that there is very little information online about the terms and requirements associated with its mortgage products. The only way to see the mortgage rates available to you is to go through the application process. Despite this lack of information, we know the following requirements are applicable:

  • 18 years of age or older
  • US citizen or permanent resident
  • Have a US bank account
  • Have a regular, verifiable income stream
  • Have a credit score greater than 680 for conventional mortgages and 580 for FHA mortgages

There is no indication of minimum or maximum mortgage amounts, but we know that mortgages are available for between 15 and 30-year terms. Homie Loans claims that interest rates offered are very competitive, but publishing these rates online would help to verify these allegations.

How to Apply

We wanted to try the Homie Loans application process to see how easy it was to complete and to see how competitive the interest rates offered were. We headed to the Homie Loans website to kick things off.

After selecting the “Buy a Home” option from the homepage, we were greeted with the following form to complete.

After completing this information, we were contacted by a customer service agent, or “Homie”, within two hours to help us go through the application process. The Homie guided us to the main application hub to get the full application started.

After we were walked through the process by our assigned Homie, we simply had to upload the relevant documents and work our way through the form.

We started by registering an account with Homie, and then we simply had to complete each form. The forms were user-friendly and transparent, making it easy to complete them.

During the application process, we had to complete sections on the following areas:

  • Loan details
  • Personal information
  • Expenses
  • Assets
  • Employment and Income
  • Order Credit
  • Liabilities

After completing these sections, we had to sign a consent form for a credit check and apply. Our results were returned in minutes, and thankfully, the rate offered was competitive as advertised.

Overall, we believe that Homie Loans is worth looking into, as the application is easy to process and the rates offered are good. Still, it would be great if the interest rates and loan terms were made visible earlier in the process.

Qualification Requirements

To be considered for a mortgage with Homie Loans, you will need to meet the following criteria:

  • US citizen or permanent resident
  • 18 years of age or older
  • Have a provable regular income stream
  • Have a credit rating of more than 680

Required Information

You’ll need to give the following information to Homie Loans during the application process.

  • Proof of ID
  • Proof of address
  • Social Security Number
  • Date of birth
  • Email address
  • Phone number
  • Employment details
  • Income details and proof of income
  • Current housing status
  • Details of the house that you require a mortgage for

Application Steps & Time Frames

Applying for a mortgage with Homie Loans took us less than 15 minutes to complete, but this was with all of the required documentation at our fingertips. One of the key benefits of using Homie Loans is that the company can provide mortgage funding far faster than traditional mortgage companies. While many mortgage providers can take weeks to arrange funding, Homie Loans can complete funding within days.

State Availability

- Available in all states

Written by Steve Chen linkedin-icon

Steve is an online marketing and publishing veteran with over two decades of experience in the financial sector. With a BSc in Business & Management from the University of Maryland and an MBA in Business Finance from the University of Pittsburgh, Steve went on to serve in various senior marketing and business development roles. Now specializing in online content creation, he writes about a wide range of financial topics.



Can Homie Loans only be used to purchase properties listed with Homie?

No, Homie Loans can be used to purchase properties listed with multiple real estate platforms, including Trulia and Zillow.

Is Homie Loans available nationwide?

No, Homie Loans is only available in Utah, Arizona, Colorado, Idaho, and Nevada.

Can I earn cashback using Homie?

Homie Loans offers a refund at closing, meaning that you can get up to $5,000 of the traditional buyer at closing fees that you would incur using other real estate sites.

Customer Support

Speaking of customer support, Homie Loans have made the conscious decision to offer reduced customer service involvement in exchange for reduced costs for customers. However, this doesn’t mean there are no customer service options available or that the customer care provided is sub-standard.

In fact, you can get in contact with a customer care agent by completing an online form or by phone. Additionally, you will speak to a customer service agent (or “Homie”) at the start of the application process to help guide you through the initial application.

We called to ask about APR rates available for Homie Loans. While the agent wasn’t able to directly answer our question, as APR rates offered are tailored to each specific customer, our call was responded to quickly and professionally by the agent.

Privacy & Security

Homie has generally positive reviews online. However, Homie Loans only has 1/5 stars online and is not BBB accredited. The lender has a hands-off customer service model, which can be risky to first-time home buyers who don’t know the process well.

In terms of privacy, Homie collects and stores user data using an encrypted system. It may share this information with its subsidiaries for the sake of offering relevant services to the user. As with all reputable lenders, Homie Loans has a detailed Privacy Policy that defines how your personal data is treated. If you have any questions about the treatment of your information, you can email the company’s customer support team with your questions.

In Conclusion

Ultimately, Homie Loans offer an interesting and different approach to mortgage funding. If you are looking to buy or refinance a property in Utah, Arizona, Colorado, Idaho, or Nevada, it is worth checking out Homie Loans to see how much money you can save compared to other mortgage lenders. Yet, it’s essential to note that you will have to be very involved in the process, so if you aren’t comfortable with this idea, Homie Loans may not be for you.

Brand Disclaimer

Homie Loans, LLC (“Homie Loans”), Investors Title Insurance Agency, Inc. d/b/a Homie Title (“Homie Title”), Daniel Eskelson Insurance Agency Inc. d/b/a Homie Insurance (“Homie Insurance”), and any of Homie Technology Inc.’s affiliated Real Estate Brokerages (Homie We’ve Got Your Back, LLC [Utah] and Homie LLC [Arizona], collectively “Homie”) have a business relationship in that all are owned by Homie Technology Inc., a Delaware Corporation, and that each may refer to you the services of another.

Because of this relationship, the referral of a customer, including you, by any of these affiliated companies to another may provide Homie Technology Inc., Homie, Homie Loans, Homie Title, Homie Insurance, their affiliates, and their employees a financial or another benefit.

You are NOT required to use either Homie Loans, Homie Title, Homie Insurance, or Homie. You may use them individually or together. By using Homie, Homie Loans, Homie Title, or Homie Insurance, you agree that your information may be shared between the two companies regarding the home-buying or home-selling transaction.