Redfin Mortgage, LLC is now offering loans to homebuyers in Florida, Maryland and Tennessee. Redfin Mortgage is a subsidiary of Redfin. Redfin Mortgage offers fixed- and adjustable-rate conforming mortgages as well as jumbo loans for higher-priced homes in every state where it operates. Redfin Mortgage launched in Florida last week and has been providing loans to homebuyers in Maryland and Tennessee since January 2019 and November 2018, respectively.
Homebuyers in Florida, Maryland and Tennessee can now take advantage of Redfin Mortgage's digital home closings and sign their loan documents from any device with a camera and high-speed internet connection.
"When we decided to launch a mortgage company in 2017, we opted to build it from the ground up so we could redesign everything to better serve the needs of the customer from the preapproval to the closing," said Jason Bateman, head of Redfin Mortgage.
"If you're just getting started, Redfin Mortgage can help you figure out what you can afford. Fill out a quick online application and we can typically pre-approve you for a loan in 90 minutes or less, and provide a 30 day closing guarantee," Bateman said. "When you find the home you want to buy, Redfin Mortgage can help get your offer accepted by earning the seller's confidence that the deal will close on time. For borrowers that undergo a fully underwritten pre-approval process (usually one business day turnaround time), we offer an even better 25-day closing guarantee, and we can often complete loans much faster."
"When closing day arrives, you can sign your documents electronically from anywhere, without having to take time off work just to go to a settlement office and spend hours signing paper documents," Bateman said.