Sebonic Financial - Seeking Opinions

[Account Closed]

I see Sebonic Financial listed quite a bit in ad screens for various real estate listing sites (Zillow, Trulia, etc.)  Has anyone had any experience with this company? 

[Abe Osman]

Finally a post that I can help in! 

I had a VERY recent experience with them so I think I can give you some real world feedback. 

For a Refi? I suspect they would do just fine. For a purchase? I would (and did) hesitate to use them 

I recently purchased an SFR and only had ~22 days left to close. Sebonic offered a great rate, better than anywhere else thats for dang sure. However, I needed an ASSURANCE that we would close within the 22 day deadline. The way the company works is that they have you make initial contact with basically a salesman, and he promises you the moon, but then you get handed off to other departments that drop the ball left and right. Anyway, back to my story, I emailed the salesman a set of 3 simple questions which he did initially reply to right away. Then my follow up questions were ignored for days. I got some questions from their processing team 4 days later, now having only 18 days left to close. With this kind of delay at the onset of our relationship, I decided against Sebonic and went with the more expensive but proven route (my usual loan broker).

My friend stuck with them and closed in ~50 days when he only had 30, and I could not afford those kind of delays. 

Hope this helps someone!