Reliant Home Funding Mortgage Review 2025

Reliant Home Funding overview

Reliant Home Funding is a Long Island, New York-based mortgage lender available in more than 20 states, including Colorado, Florida, Illinois, New York, Pennsylvania and Texas. The lender focuses heavily on customer service, emphasizing relationships over transactions. Notably, you can complete the entire lending process remotely, and you can expect it to take anywhere from 30 to 45 days to receive a loan approval decision.

Pros and cons of Reliant Home Funding

How Bankrate scored Reliant Home Funding

Affordability: 5/5

 Because of Reliant Home Funding’s competitive rates, the lender scored a perfect 5 out of 5 stars for affordability.

• Interest rates: Reliant Home Funding reported mortgage rates significantly below Bankrate's national average, at the time of this review.
• Down payment: To be eligible for a conventional loan through Reliant, the lender requires at least 3 percent down. FHA loan borrowers need a down payment of at least 3.5 percent, and to get an adjustable-rate mortgage (ARM), you must put down at least 5 percent. VA loans have no down payment requirement.
• Fees: Reliant Home Funding charges an underwriting fee.
• Closing costs: The amount you'll pay for closing costs varies by many factors, but between 2 and 5 percent of the loan amount is standard.

Availability: 5/5

 Because Reliant Home Funding features an array of mortgage options and can lend in many states nationwide, the lender scored 5 out of 5 stars for availability.

• Home loans offered: Reliant Home Funding originates conventional and government-backed loans with fixed and adjustable rate options. It also offers home renovation financing and reverse mortgages.
• Footprint: The lender is licensed to originate home loans in 26 states nationwide and Washington, D.C.
• Where to find: You can apply for a mortgage directly on the lender's website or visit a nearby branch location.

Borrower experience: 3.2/5

Because Reliant Home Funding hits some but not all the targets for borrower experience, it scored 3.2 out of 5 stars for this metric.

• Application and preapproval process: It only takes a few minutes to start your mortgage application on the lender's website. To do so, you'll answer some questions about what kind of property you're looking for as well as provide some financial information. From there, a loan representative will reach out to you for the next steps. Alternatively, you can call the lender or visit a branch location for in-person help.
• Transparency: Reliant Home Funding does not display rates on its website. To get a quote, you'll need to contact the lender.
• Customer service: You can reach the lender by phone, email or text, or by filling out an online form. In addition, you can work with a loan officer at a branch location.

Here are some visuals of what your experience might look like working with Reliant Home Funding:

Images courtesy of Reliant Home Funding as of Feb. 26, 2024. Note: Depending on method of contact, your individual credit profile and other circumstances, your experience might differ.

Reliant Home Funding reputation

Reliant Home Funding is not accredited by the Better Business Bureau and does not hold a rating with the organization. The lender also does not have any ratings on the review site Trustpilot, at the time of this writing. However, on Bankrate, the lender gets 5 out of 5 stars based on over 150 customer reviews. 

Refinancing with Reliant Home Funding 

Reliant Home Funding offers rate-and-term and cash-out refinancing options. You can refinance completely online just like applying for a mortgage to purchase a home, but you won’t be able to view fees upfront through the lender’s website. You can use Bankrate to compare refinance rates. 

How to apply for a mortgage with Reliant Home Funding

You can apply for a mortgage with Reliant online or by phone at 877-937-6787. Here are some tips to prepare for the process:

• Check your credit report. It’s important to check your credit report before your lender does, in case there are errors that could impact not only whether you get preapproved but also your ability to get the best mortgage rate. Knowing your credit score also helps you decide what type of loan to apply for. If your score is in the very low 600s, for instance, an FHA mortgage might be best for you, as its standards are more lenient than those for conventional loans. Once you know your score, you can improve your credit before getting a mortgage if needed.
• Gather personal and financial documents. With any lender, you must supply documentation about your income, assets and debts. This includes pay stubs and W-2s and account and loan statements.
• Provide details about the property. You’ll need to provide the address of the home and submit to a home appraisal.