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Redfin Mortgage coming to Illinois

by Alison McAvoy

Redfin Mortgage, an offset of Redfin, is expanding its reaches into Illinois later this year.

The loan-lending company, which launched in January 2017, was initially only operating in Texas, but is now setting its sights on Illinois this year and Virginia in 2018.

With goals of becoming the fastest and easiest means to obtaining a home loan, Redfin Mortgage provides homebuyers with committed and efficient digital services, 30-day closing guarantees, and low rates without any hidden fees, according to a press release.

“Redfin agents will continue to encourage customers to work with the lender that offers the best combination of service and rates,” the company stated.

Additional perks include 30-year and 15-year fixed rate mortgages and adjustable rate mortgages, as well as underwritten pre-approvals in which all buyer information will be reviewed and verified in advance. Redfin Mortgage only requires its borrowers to have an unchanging credit and employment status after pre-approval, a home appraised at an amount equal to or greater than the sale price, and proof of title commitment and homeowners insurance.

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