Today we’ll review East Coast based mortgage broker “Silver Fin Capital,” which says it’s the #1 rated certified lender in New York based on LendingTree reviews.
The company has also been ranked the #1 lender across LendingTree’s nationwide network four times since inception in 2005, and landed in the top-10 rankings eight times.
Additionally, they pride themselves on never having a complaint filed with the Better Business Bureau, while maintaining an A+ rating.
So clearly they’re making their customers happy and striving for perfection when it comes to customer satisfaction, which is a big plus.
Assuming they also offer low mortgage rates with limited fees, they could be a good choice if you need a mortgage on the East Coast.
Let’s discover more about them.
Silver Fin Capital Fast Facts
- Mortgage broker that offers home purchase loans and refinances
- Founded in 2005, headquartered in Great Neck, NY
- Has 60+ wholesale lender partners in its network to choose from
- Currently licensed to do business in Connecticut, Florida, New Jersey, and New York
- A LendingTree Certified Lender for the year 2021
- Pride themselves on having zero complaints filed with the Better Business Bureau (BBB)
As noted, Silver Fin Capital is a mortgage broker, which means they connect homeowners with their wholesale lender partners.
This allows them to shop your loan scenario and mortgage rate with a variety of their partners all at once to land you the best possible rate with the fewest fees.
At last glance, the company said it had more than 60 wholesale lender partners in its network, meaning they should have lots of options to both shop your rate and find a suitable loan program.
The company got its start back in 2005, and is headquartered in Great Neck, New York.
They are currently licensed to do business in just four states, including Connecticut, Florida, New Jersey, and New York.
Aside from their flawless BBB rating, they are also a LendingTree Certified Lender.
This means they’ve demonstrated a commitment to employee development with at least half of their loan originators certified (while also earning high marks from LendingTree customers).
How to Apply for a Home Loan with Silver Fin Capital
- First call them up or fill out a short contact form on their website
- A loan originator will then discuss loan options and rates with you
- They offer secure document uploading to speed up the loan process
- Unclear if they offer a fully digital mortgage application or eClose options
To begin, you can either call Silver Fin Capital up directly or fill out a short contact form on their website.
If you go the online route, a licensed mortgage loan originator will promptly contact you to discuss loan options and provide a personalized rate quote.
Once you speak with a loan officer and intend to move forward, you can proceed to filling out the mortgage application.
It’s unclear if they offer a fully digital application, but my assumption is you’ll be able to complete most tasks electronically, whether it’s eSigning documents or uploading documents.
They do have a page dedicated to secure document upload, so once you are approved, you’ll easily be able to share files to satisfy any outstanding loan conditions.
Based on their stellar customer satisfaction ratings, Silver Fin Capital probably makes it super easy to apply for and manage your home loan from start to finish.
Loan Programs Available at Silver Fin Capital
- Home purchase loans
- Refinance loans: rate and term, cash out, and streamline options
- Home renovation loans
- Conventional loans
- Jumbo loans
- FHA loans
- VA loans
- Reverse mortgages
- Interest-only home loans
- Fixed-rate options: 10, 15, 20, 25 or 30 years
- Adjustable-rate options: 3, 5, 7 or 10 years
One plus to using Silver Fin Capital is their extensive product menu. This is a benefit to using a mortgage broker, as they have not one lending menu, but dozens.
In fact, they say they’ve got 60+ lender partners to choose from, meaning you should be able to get your hands on just about any type of home loan that exists, regardless of your property type.
They should have you covered whether it’s a home purchase, mortgage refinance, renovation loan, or even a reverse mortgage.
You’ll also be able to get anything from a conventional loan to a government-backed loan (FHA or VA) to a jumbo or interest-only mortgage.
The one major loan type they might not have is USDA loans, which are reserved for borrowers in rural areas.
In terms of specific loan programs, they offer both fixed-rate and adjustable-rate mortgages in a large variety of loan terms.
You shouldn’t face too many restrictions in this department, and brokers also tend to be good at funding difficult scenarios, whether you’re self-employed or experienced a recent credit event.
Silver Fin Capital Mortgage Rates
While Silver Fin Capital doesn’t advertise its mortgage rates on its website, they will have numerous options for you to choose from due to their many wholesale lender partners.
Instead of showing you rates from just one company, they have the ability to shop your rate with dozens of lenders simultaneously to find you the best combination of rate and fee.
They also say they structure most loans where the lender pays them directly, meaning you won’t have to pay anything out-of-pocket if that’s your wish.
But even though they’re a broker who can shop on your behalf, it’s still recommended to compare two or three brokers to see what they can offer.
It might be possible to find better pricing, or negotiate more effectively if you can pit two brokers against one another.
Silver Fin Capital Reviews
On LendingTree, they have a perfect 5.0 rating from 700+ customer reviews, along with a 99% recommendation rate.
The company is also one of just eight Certified Lenders on the LendingTree platform for the year 2021.
Over at Zillow, they’ve got a similarly stellar 4.95-star rating out of a possible five from 120+ reviews, with a good chunk of them saying the interest rate received was lower than expected.
Additionally, they’ve got a 5-star rating on Google from about 125 customer reviews, which tells us they’re consistent in the customer satisfaction department.
Lastly, they are an accredited business with the Better Business Bureau and currently have an ‘A+’ rating based on complaint history.
And as mentioned, they’ve never had a complaint filed against them with the BBB.
In summary, Silver Fin Capital could be a good choice for both home buyers and those looking to refinance, who prefer a more hands-on approach from a broker.
Their ability to shop rates on your behalf is also a plus if you’re not one to put in the time yourself.
Silver Fin Capital Pros and Cons
The Good
- Offer a simplified and streamlined mortgage loan process
- Can shop your mortgage rate with dozens of lenders all at once
- Lots of loan programs to choose from thanks to their many lender partners
- Excellent reviews from past customers across all ratings sites
- A+ BBB rating, accredited business (with no complaints filed)
- Mortgage glossary and mortgage calculators on their website
The Perhaps Not
- Only licensed in four East Coast states
- Do not disclose mortgage rates or lender fees
- They won’t service you loan after closing
(photo: KMR Photography)