Following two other recent expansions it is now available in 15 states
(2).jpg)
Redfin has launched its mortgage offering in Florida bringing its total coverage to 15 across the US.
The launch of Redfin Mortgage in Florida last week follows its launch in Maryland in January and Tennessee in December 2018. It has been offering home loans since January 2017.
Borrowers can apply for fixed- and adjustable-rate conforming mortgages as well as jumbo loans for higher-priced homes in every state where Redfin Mortgage operates. It charges no lender fees.
"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.
The mortgage offering is designed to integrate seamlessly with Redfin’s homebuying and Title Forward services but borrowers are not obliged to use these services.
The firm has a guarantee to fund the mortgage within 25 or 30 days or pay borrowers $1,000 towards closing costs.
"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.
