Redfin Mortgage is growing its business with the latest expansion into New Jersey and South Carolina. With its latest expansion, the company will now offer fixed- and adjustable-rate conforming mortgages as well as jumbo loans in 17 states and the District of Columbia.
"We are redesigning the lending process to be fast, easy and intuitive for our customers, combining technology with personal service to streamline the entire experience from pre-approval to closing," said Jason Bateman, head of Redfin Mortgage, according to a press release.
The platform offers borrowers the ability to be pre-approved for a loan in 90-minutes or less with an online application. In addition to the pre-approval, those who qualify are guaranteed a 30-day closing period.
"For buyers that undergo a fully underwritten pre-approval process (usually one business day turnaround time), Redfin Mortgage offers an even better 25-day closing guarantee," according to the release.
"With the closing guarantee, if Redfin Mortgage can't fund the mortgage by the timeline promised, it will give the homebuyer a $1,000 credit towards closing costs, subject to terms and conditions."
To learn more about Redfin's expansion and their offerings, click here.