The company will continue to launch in more states
Redfin Mortgage has extended its loan offerings to homebuyers in Florida, Maryland, and Tennessee.
The company launched in Florida last week and has been offering fixed- and adjustable-rate conforming mortgages, as well as jumbo loans in Maryland and Tennessee since January 2019 and November 2018, respectively.
"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," Bateman said. “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. 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."
Homebuyers in these areas can now use Redfin Mortgage’s fully-digital home closings and sign their loan documents from any device with a camera and internet connection.
"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," said Bateman.
Redfin said it plans to launch in additional states in the following months.
