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WesLend Financial

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LAST UPDATED: June 7th, 2022

Lenox Financial Mortgage Corporation DBA ("doing business as") WesLend Financial (Lenox/WesLend) provides simple mortgage solutions to borrowers across the country, specializing in fixed-rate loans, adjustable-rate mortgages (ARM), FHA loans, VA loans, and USDA loans. In addition, the company offers "no closing cost loans".

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Lenox Financial Mortgage Corporation DBA WesLend Financial provides mortgage services to 32 states.

Lenox Financial Mortgage Corporation is more widely known under the WesLend Financial name because it does business under that name in in a wide range of states. Lenox Financial Mortgage Corporation (not doing business as WesLend) only offers home loan products in seven states: Louisiana, Minnesota, Missouri, New York, South Carolina, Tennessee, and Virginia.

 

Learn more about Lenox Financial Mortgage Corporation

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The Good

  • Increased State Coverage
  • Variety of Loan Types
  • Low Mortgage Rates
  • No Closing Cost Home Loans
  • Home Loan Assistance Available
  • Helpful Mortgage Calculators

Increased State Coverage

Lenox Financial Mortgage Corporation DBA WesLend Financial is licensed to lend in 32 states, an increase of 25 states covered by Lenox Financial itself.

Variety of Loan Types

WesLend Financial offers a variety of loan options:

  • Fixed-rate loan
  • Adjustable-rate mortgage loan (ARM)
  • FHA Loan
  • VA Loan
  • USDA Loan
  • Jumbo Loan

To choose which loan type will best fit your needs, a WesLend mortgage professional will work with you and your finances.

Low Mortgage Rates

WesLend provides updated rates on its website. Mortgage rates change frequently, if not daily, based on the market. But, WesLend consistently offers lower rates than you might see with other online mortgage lenders.

However, WesLend’s lowest advertised rate will typically only be available to those with excellent credit, a strong credit history, and the ability to pay at least 20 percent down on their loan. The lowest rate can’t be guaranteed.

No Closing Cost Home Loans

WesLend offers a "no closing cost home loan" option, allowing you to skip the closing costs on your mortgage — a unique practice in the mortgage industry. However, the no closing cost options are not available in Washington.

Approval for this loan product is not guaranteed. To determine whether or not you are eligible for this loan product, you will need to get a quote, which can be completed quickly on either the Lenox Financial Mortgage Corporation or WesLend Financial website.

Home Loan Assistance Available

If your financial circumstances change during the life of your loan, you can assess different home loan assistance options with a WesLend representative. Certain information and documentation is required, and it is your responsibility to contact the company if you foresee or experience any changes in your ability to make your monthly payment.

Helpful Mortgage Calculators

WesLend provides three helpful mortgage calculators to assist you in preparing for your home purchase or refinance:

  • Home affordability calculator
  • Mortgage qualification calculator
  • Mortgage payment calculator

Visit Site

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The Bad

  • Higher Minimum Down Payment for Conventional Loans

Higher Minimum Down Payment for Conventional Loans

For its conventional loan products, WesLend requires a five percent down payment. Many other lenders require a three percent minimum down payment.

However, WesLend does have three percent down payment options for eligible first-time homebuyers.

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The Bottom Line

WesLend Financial, an affiliate of Lenox Financial Mortgage Corporation, services a wide range of states across the nation and offers traditional loan types with competitively low mortgage rates.

One benefit of borrowing from WesLend for your mortgage needs is the company’s “no closing cost home loan” product that could save qualifying borrowers hundreds of dollars at the close of their mortgage.

WesLend reviews are currently limited, but all reviews award the company 5 stars. Common praise for the company includes the following:

  • A straightforward and fast mortgage process
  • Excellent customer service, often mentioning specific loan officers by name
  • Lower rates than competitors

More than anything, WesLend customers are quick to praise the company's personlization and communication throughout the mortgage process — customer questions and concerns are addressed quickly, and company representatives ensure that customers are informed throughout every aspect of the process.

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Star Rating

5.0

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28 Reviews

Review Breakdown

5 grade

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Sentiment Criteria

Value

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Quality

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Service

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Trustworthiness

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Review Source

star star star star star

Matt H Indianapolis, IN

Teresa was great to work with and responded quickly to any questions or issues I had. I did a cash out refinance and the whole process was closed and funded in five weeks. The longest delay was from the appraiser and not Weslend. The appraisal process took almost 2 weeks so if you do not require an appraisal I imagine you could get your refinance done really quickly.

10 months ago

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star star star star star

Natalie McClure Athens, GA

I liked my mortgage adviser, Blythe C the most. No other adviser anywhere ever responded or tried as hard as she did to earn my business and my TRUST. And I made a great decision trusting her because here I am with a great loan and a great home and the process was seamless, stress-free, and I always felt secure that she was being earnest and upfront throughout the various checkpoints along the way.

11 months ago

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Rick Ragon Weatherford, TX

The process with Weslend was trying at times but Cynthia A was helpful. We were in contact almost daily either by email or phone. Cynthia was great. She was very patient and made sure to explain the process and to help us with the underwriters. Highly recommend her

10 months ago

star star star star star

Tina N Tilton, NH

Service beyond excellent. Every phase of the transaction went smoothly. From initial contact to closing 10 days ! Unbelievable. Rates definitely better than the competitors. My current mortgage company was nowhere in the all bark, Wonderful team !

10 months ago

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star star star star star

Erik Zubizarreta Fort Worth, TX

lori and eunis worked with me all the way through all the hurdles of the loan process and made sure i was taken care of where I had to do as little as possible and not be bugged everyday for yet another piece of paper. they were professional and transparent. i was kept up to date all the way through and never felt like i was being forgotten about.

10 months ago

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star star star star star

Cal Stringham Sandy, UT

Mike was very straight forward but was also willing to take time to explain and answer all my questions. Once I committed to move forward he took care of everything. It was very quick, painless and professional.

11 months ago

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star star star star star

Elizabeth J Pearson Saint Paul, MN

Brad was a great communicator and clear with the process and timelines. Things were seamless and fast. He was fantastic and I've already referred one friend and will continue to refer. Thank you!

11 months ago

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star star star star star

David Wilson DeLand, FL

Working with Blythe C. She took a bumpy trail and turned it into a four lane expressway. She was a tireless, positive, professional, intelligent agent who solved problems before they appeared. She made the difference.

11 months ago

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Sandi Collins Columbia, MD

It was FAST, EASY and Ryan and Julio were the best! They always responded within minutes and kept me informed on the status of the loan. I'm sorry I put it off so long!

10 months ago

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San Juan Fontana, CA

The work in getting all the documentation necessary for loan approval was minimal. I was extremely happy with the pace. From start to finish was less than 2 weeks

11 months ago

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Marshall Love Fort Worth, TX

WesLend is the tops in the business hands down! They make difficult transactions easier for their clients and accomplish the task with tremendous professionalism.

11 months ago

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Rod H. Thousand Oaks, CA

The best thing about Weslend Financial was the frontline people. Jozynne and Denise were very helpful, knowledgeable and pleasant to work with.

9 months ago

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star star star star star

Gregory JW Scottsdale, AZ

Very smooth transaction. Good advice. They did exactly what they said they would do and in the timeframe they said. Very pleased.

10 months ago

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star star star star star

Erika Zeidler Katy, TX

Excellent company and Fahad and Cynthia went above and beyond beyond to make this process so easy. Thank you and HIGHLY recommend.

10 months ago

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star star star star star

C6nthia Cole Santa Ana, CA

Great experience all the way around!! Couldn't ask for anything more and will refer both family and friends in the future

11 months ago

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Mike Richardson Wilsonville, OR

Always available. Even checked in on weekends. Made the process very easy. You can tell Michael is working FOR you.

9 months ago

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Paul Yarnell Austin, TX

From the first conversation to the funding of the loan, the interaction with all of the staff was flawless!

11 months ago

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J D San Jose, CA

William and Denise did a great job! The Refi process was smooth, professional and executed in a timely manner.

11 months ago

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Senor JJ Latrobe, PA

I received concise straight answers to my questions and they made the whole process easy.

10 months ago

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Ken Roper Goodyear, AZ

After hearing their adds we gave them a call and from the very start we experienced total pros.!

11 months ago

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star star star star star

Karl Tyson Troy, MI

Blythe did an excellent job communicating. My experience with her, and Lenox, was top notch.

11 months ago

star star star star star

Julie Jones Corona, CA

This was easy, fast and the whole team was wonderful to work with!

10 months ago

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star star star star star

Chris Schaper Overland Park, KS

Excellent overall experience! Very professional, courteous, and time-sensitive.

11 months ago

star star star star star

Naseem Inderias Loma Linda, CA

Prompt and professional and helpful. Great service

9 months ago

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star star star star star

Cevin Ormond LLC San Jose, CA

Personable. Easy to work with. Great communication.

9 months ago

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star star star star star

Yvonne Mitsonis San Francisco, CA

Clearly communicated throughout the entire process.

10 months ago

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star star star star star

Mary Ma Bedford, MA

Great experience working with professionals at WestLend.

11 months ago

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star star star star star

Glenn Murdock Fort Myers, FL

Very professional, understanding and kind!

11 months ago