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HSBC Mortgage

HSBC Mortgage
Overall Satisfaction Rating 4.04/5
  • 5 stars
  • 4 stars
  • 3 stars
  • 2 stars
  • 1 stars
Based on 778 ratings submitted in the last year

This company is not yet authorized. See reviews below to learn more or submit your own review.

HSBC is a banking and finance company that offers a variety of mortgage types with low down payment options. The company is transparent about its mortgage rates on its website, and its services are available in most states — though some of its mortgages are limited to HSBC clients and residents of select states.


HSBC offers various mortgage types, including conventional, jumbo and those with low down payments. It posts its current rates online each day, and its services are available in all states but Alaska and West Virginia.


  • Rate transparency
  • Low down payment options
  • Variety of mortgage types


  • Some loans limited by location
  • Some products only for HSBC clients
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    Looking to refinance your mortgage?

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    About HSBC Mortgage

    HSBC Bank USA’s mortgage loan division provides home loans in every state except Alaska and West Virginia. It posts its rates online, but it’s wise to get a personalized quote to make sure its listed rates apply to you. HSBC offers a wide variety of mortgages, including fixed-rate and adjustable-rate conventional loans, jumbo loans between $2 million and $10 million and affordable housing loans with low down payments.

    Some of HSBC’s loans come with restrictions — for instance, some of its jumbo loans are available only to those who bank with HSBC, and it offers some affordable housing loans only to residents of New York and New Jersey.

    How does HSBC Mortgage work?

    HSBC provides mortgages for residents of every state except Alaska and West Virginia. You can apply online or through a mortgage consultant if you’re interested in borrowing. HSBC offers several mortgage types, including fixed-rate conforming and jumbo mortgages with loans ranging from $2 million to $10 million. Some of its mortgages are available only to those with HSBC bank accounts.

    HSBC has several affordable mortgage options with low down payments:

    • HomeReady
    • Community Works
    • Home Possible
    • SONYMA
    • Homebuyer Dream

    These programs are designed for first-time homebuyers but are also available to other borrowers — however, some of these programs are limited to New York and New Jersey residents.

    HSBC Mortgage rates

    HSBC posts and regularly updates its mortgage rates online. It publishes rates only for New York, so if you’re in another state you should call a representative to get personalized local rates. HSBC’s mortgage rates also change over time, so check back to keep up with any shifts in rate. Some factors that influence your mortgage rates include:

    • Your credit score
    • The loan-to-value ratio
    • Your location

    HSBC Mortgage FAQ

    Where is HSBC Mortgage available?
    HSBC mortgages are available in every state except West Virginia and Alaska.
    How long does HSBC take to approve a mortgage?
    The time it takes for HSBC to approve a mortgage varies from borrower to borrower; it can take up to a few weeks.
    Does HSBC Mortgage offer jumbo mortgage loans?
    Yes. HSBC offers several jumbo options, including both fixed-rate and adjustable-rate jumbo mortgages ranging from $2 million and $10 million.
    Does HSBC Mortgage offer international mortgage loans?
    No, HSBC doesn’t offer international mortgage loans.

    Is HSBC Mortgage good?

    HSBC Mortgage is an ideal option for many homebuyers nationwide. As long as you live in any state other than Alaska or West Virginia, you can apply for a mortgage with HSBC. It offers mortgage loans with conventional, jumbo and low down payment options. You might benefit from an HSBC mortgage if you’re a first-time homebuyer or if you have limited cash for a down payment in New York or New Jersey.

    HSBC Mortgage Reviews

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    Page 1 Reviews 0 - 10
    Rated with 1 star
    profile pic of the author
    Verified Reviewer
    Original review: Nov. 10, 2020

    I am currently in the process of finalizing a mortgage with them and the overall experience has been horrific. Despite being a Premier customer both in France and in the US, I was given false informations from my initial contact (like 45 days from quote to close - we have now been at this for over 9 weeks, and it is not done), the administrative back and forth has been horribly slow (despite it being a easy mortgage - great credit rating, low amount vs value and income, etc), and my contact Stephen has been horribly unresponsive. I have been sending weekly and then daily emails to get updates and no answer. But when documents were required, it was within 24hrs. We could have anticipated all the documents requested by the underwriters, and instead Stephen has acted as a slow mailbox, often sending me duplicate requests, etc. I regret deeply using them...

    11 people found this review helpful
    Rated with 1 star
    Verified Reviewer
    Original review: Nov. 6, 2020

    We originally decided to move forward with HSBC as they were offering a cash out refinance on a 10/1 ARM. After two months to make it past approval and underwriting, they changed their minds and withdrew the approval deciding not to offer a cash out option. A complete waste of 3 months even involving opening new accounts. Would NOT recommend to anyone. Go with your local large bank - not HSBC. Clearly mortgages aren’t a major part of the business they care about.

    6 people found this review helpful

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      Rated with 1 star
      Verified Reviewer
      Original review: Aug. 7, 2020

      We tried to get a mortgage through HSBC and our coordinator was Gregory **. First exchange with Gregory sounded promising but very quickly it all fell apart.

      Below is a laundry list of the many issues we had in dealing with them. Some of which pretty egregious in my mind... Gregory took off for a week long vacation without any email automatic email responses advising his clients why he is not responding. Only after I get on the phone and spent 1 hour to get someone to help us with our application.

      Poorly communicated the status of missing documents, which were almost always positioned as last-minute emergencies instead of simple requests. Their online submission process is so inefficient and impossible to track. Constantly sent spam e-mails and texts that have nothing to do with the status of our loan, many of which actually confuse loan process. They processed the $500 appraisal fee without approving the property HOA. Every document sent had to be revised 3 times over and apparently internal communication is a joke. There is no point person that can guide you through the process as Greg in the end proved to be a completely inept and incompetent. I'd read terrible reviews before using them, but I gave them the benefit of the doubt since I used HSBC many years back but apparently things have fallen apart there. DO NOT WASTE YOUR TIME WITH HSBC and Gregory **.

      16 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: July 30, 2020

      Started out promising, got the mortgage in principal certificate but went rapidly downhill. I have to chase them to find anything out! This has got to be the worst customer service I’ve experienced in a decade. Seriously blunt and unsympathetic that a house, a home is relying on their professionalism. I’ll probably lose the property. Beyond frustration right now.

      Normally I assume you get complaints ‘after the fact’ so in actual fact little if anything can be done, however my issue is current. I have applied for a mortgage Ref No. ** and initially told two weeks for a decision but I had to produce some more documentation as the upload payslips we not 100%. I did so immediately. 2 weeks became 4 weeks. After some chasing up I was emailed back to say the underwriter found another property in my name. I immediately sent the sale completion statement as evidence that the property in question was sold in June.

      Now coming into week 6 and poor communication, update, lack of acknowledgement of receipt of documents sent. I have tried is a series of emails to explain the vendor and estate agents may pull out because I keep promising ‘next week’. Too much to explain all here, you’d have to look into my case but if I would of known about this service I would have gone elsewhere. If after 6 weeks I get refused, I would be furious as I’d probably lose the property and have to start from scratch. As I said at the beginning, this is not after the fact. It’s happening now and could actually be resolved with some expedience. To be honest, I’m not holding out but the customer care has been so poor for such a big corporation. I’ve since google many similar reviews warning people away from HSBC mortgages. Anyway. If nothing else thanks for reading thus far.

      8 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Jan. 6, 2020

      If you use HSBC, you must allow months for any issues to be worked out. At first they seem to help but then fail to follow through. We closed a home equity line of credit 6 years ago and paid the required recording fee. Now that we are closing on the sale of our house, we find that they never recorded a lien release. They tried to pass off the responsibility to a related lender, but after weeks of getting nowhere with that company, they acknowledged responsibility. A branch manager tried to help, but the correct department didn’t even respond to HIM! We already missed one closing date and are on the way to missing another and possibly losing the buyer and much more.

      21 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Dec. 24, 2019

      I am a REALTOR and after my heavily advising against using HSBC my client still went with them. I have closed over 400 transactions for my clients and this was my first experience with HSBC and it was an absolute nightmare! HSBC has held their file in underwriting for a week. We've missed 3 closing dates and my buyers are now in a hotel for Christmas with all of their belongings in a moving truck locked inside a warehouse. HSBC is unresponsive, they refuse to answer questions and I can honestly say they are not only the worst mortgage company I've ever dealt with but the absolute worst company in general I have ever dealt with in my life. Please stay away from this company.

      30 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Dec. 20, 2019

      My wife and I had a horrible experience trying to get a mortgage through HSBC. The mortgage agent tried to get my wife and I to sign up for a mortgage that was incorrect, the agent also tried to get us to sign documents that he incorrectly filled out. Communicated only occurred when I reached out to the agent. The mortgage agent was very selective and sparse with any correspondence. In many instances the loan officer would request documents which my wife and I had already submitted. It was a clear sign the loan officer did not review the original document package we sent over.

      The mortgage application took 6 months to process due to the lack of correspondence and due diligence from HSBC. My wife and I were anticipating closing in September, but due to multiple delays from HSBC we did not close till December. My wife and I are dealing with extra expenses due to the lost time in acquiring the new residence. These extra expense are causing us financial hardship that we did not anticipate. The lack of professionalism is unacceptable. My wife and I lost 6 months of our time and efforts. If I had the opportunity to start over I would stay clear of HSBC. Both Consumer Affairs and the Better Business Bureau rate HSBC mortgage at one star which is too high. I have tried multiple times to file complaints against the mortgage agent and the loan officer but they seem to fall on deaf ears. This is absolutely unacceptable from a bank that claims to be "world class".

      8 people found this review helpful
      Rated with 1 star
      profile pic of the author
      Verified Reviewer
      Original review: Oct. 21, 2019

      I applied for their home mortgage online. Uploaded all required documents, including w2, etc. It's been more than 3 weeks now, and I got no emails, no phone calls, nothing from them. I was assigned to an agent Jennie **, that I found out by calling to their phone numbers. Once I was transferred to her, she just hung up on me, and when I tried to call her back, none picked up the phone. Absolutely unacceptable!

      17 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Sept. 30, 2019

      DO NOT CHOOSE HSBC because of the low rate. If BOA's rate is 10% higher than HSBC, I would still go with BOA if I still have a chance to change. Their customer service is based in India. 1. Their mortgage department can't help you with mortgage login. They said I need to contact personal banking. And personal banking could help me create a simple ** login. It took 2 months and the issue is still not resolved!! 2. The role and responsibilities are totally a mess. Nobody knows what to do and by how.

      3. The background noise when you're calling is extreme LOUD to a level your ear can't bear. And you never understand what the agent is talking about with that Indian tone. 4. Their online login the extremely complicated and frustrated. 5. Their online banking page looks like 90s but not like something in 2019. 6. Basically, everything in this bank is performed differently with the major banks in the States. So you won't get used to what you're expecting normally. 7. Very few branches with all Chinese only bankers and clients.

      7 people found this review helpful
      Rated with 1 star
      Verified Reviewer
      Original review: Aug. 29, 2019

      We are a couple with credit score more than 800+, excellent financial capability. We applied for two loans, one for us and one for rental. The process started on July 9 and the harassment began. I just got lured because their interest rates were a tad bit lower than the market and they had this rebate. I am hitting myself in the foot for that. I spent sleepless nights sending them paperwork after paperwork. The loan officer is nothing but a McDonald's 'What can I get you' person with absolutely no knowledge of loans whatsoever. The so called loan officers, handover the files to loan processors and NONE of them are reachable. The bloody phones always say that they are busy. So I used to call the new loans number, then the same loan officer picks up the phone trying to trap the next customer. So when I ask her why she was not picking up the other line and then picking up the new loans line, she answers 'How can i help you'.

      They throw a bunch of conditions at you online and you don't know what to do with them. And all the loan processors keep going to vacations and out of office one week at a time and the backups don't care to answer our questions. All in all after spending more than 45 days in painstaking answering all the stupid questions and conditions which are illogical, they still come back and say we decline your loan. I showed them seasoned hard cash sitting in my bank telling that I really don't need your loan. I can purchase cash out if I want. However I don't want to block my capital. So imagine, for a person of 800 credit score, more than 400K annual income with stable job of 15 years, showing a million dollars in the bank in cash, still they could not approve the loan. What are they going to do for medium income home buyers?

      Sometimes I feel this whole loan processing buildup they are giving is something else to cover up the black activities that they are doing behind. I think they don't have an intention of giving loans at all. And therefore if they torture people, they will not back to HSBC. At the same time they can carry on their other activities behind the back. Bloody suckers. Please save your time and go to another lender. We sent all our experience and all these reviews to the VP of Mortgage copying all the other authorities. They reply back saying their decision is the same without giving any reasons. Again don't fall prey to their interest rates. It is a SCAM!!!

      11 people found this review helpful
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      HSBC Mortgage Company Information

      Company Name:
      HSBC Mortgage