Interfirst Mortgage is an online-only retail loan originator operating nationwide. Its digital approach allows it to keep the mortgage application process simple while providing competitive interest rates on a wide variety of loans, including conventional purchase loans, jumbo loans, and refinance loans. Interfirst goes beyond the typical underwriting requirements, making it easier for borrowers to finance or refinance a home in many situations.
Loan types: Purchase and refinance
Loan products: Conventional and jumbo loans
APRs start from: Contact vendor
Minimum credit score: 620
Repayment terms: 10-30 years
Interfirst’s online application process is smooth and fast, so you’ll know within minutes if you fit into a loan program’s guidelines. Not only does Interfirst look beyond your credit score and debt-to-income ratio to help you qualify for a loan, but its rates and fees are competitive too!
However, a common complaint borrowers have about Interfirst is how long it takes to get to the closing table. The company pushes the pre-approvals through fast and asks you to send documentation in quickly, but it takes an average of 45 days to close. Interfirst also doesn't participate in any government programs, such as FHA, USDA, or VA loans, meaning that if you don’t have great credit, you may not qualify.
Interfirst offers one of the sleekest and fastest online loan systems to simplify applying for a loan. Here are the steps you’ll take:
Interfirst offers loan options for both purchases and refinances. These include both conventional conforming loans and conforming high-balance loans, as well as jumbo loans. So whether you’re buying or refinancing your primary residence, a second home, or an investment home, Interfirst has something for you.
Once approved, you’ll pay off the old mortgage, and start payments towards your newly acquired mortgage. In general, borrowers should have at least an 80% loan-to-value ratio to refinance but will also be subject to other terms.
Interfirst offers purchase and refinance loans on primary homes (the home you live in), second homes like vacation homes or beach houses, and investment homes. It may be possible to refinance your loan to pay it off sooner, lower the interest rate, or use your home’s equity for current expenses or financial needs.
Interfirst, like many lenders, doesn’t display its rates online. You’ll find out the rates you qualify for when you apply for the prequalification and select your loan. Interfirst offers a wide range of repayment terms from 10-30 years and a variety of rate types to help every borrower get the loan they need.
Interfirst is a mortgage originator whose leadership team has over 100 years of experience in mortgages. The company offers a digital and fast approach to loan pre-approvals and the home-buying or refinancing process. Interfirst has your back, whether you want a completely digital process that can be completed independently or a loan officer to offer guidance throughout the process.
If you have good credit or are a high-net-worth individual who needs to borrow a loan amount higher than $647,200, you can benefit from competitive rates and fees to help you achieve your financial goals. Take a look at their home and refinance applications to get started with the process.
Interfirst has a rating of 4.55/5 stars at the Better Business Bureau. It has been accredited since May 2022 and currently has an A-rating. This testifies to a great relationship with its customers and low rates and fees that keep borrowers coming back for more.
Mortgage specialists are available Monday-Friday, 9am-5pm CT.
HQ: 9525 Bryn Mawr Ave Ste 400, Rosemont, Illinois 60018