WesLend Financial

• 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

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• 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.