Patriot Financial, Inc. Reviews

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Updated May 23, 2026

By: Matt Zane

+1 more

Edited by: Jon Bortin

About Patriot Financial, Inc.

Patriot Financial (NMLS #1642) offers conventional, government-backed and jumbo loans in 13 states and Washington, D.C. Patriot Financial was founded in 2005 and is headquartered in Cary, North Carolina.

Pros

Wide variety of home loans
Publishes rates online
Transparent about loan requirements

Cons

Only available in 13 states

Patriot Financial rates

Patriot Financial publishes its current rates for loans on its website. The table below shows selected rates for conventional and government-backed loans. All annual percentage rates (APRs) are accurate as of April 15, 2026.

Loan type	APR
Conventional 30-year fixed	6.090% to 6.682%
Conventional 20-year fixed	6.005% to 6.574%
Conventional 15-year fixed	5.551% to 5.965%
VA 30-year fixed	5.681% to 6.423%
FHA 30-year fixed	5.681% to 6.423%
USDA 30-year fixed	5.681% to 6.423%

For the most accurate rates based on your situation, it’s best to contact Patriot Financial or get prequalified using its quote form, which won’t impact your credit score. Generally, mortgage rates vary based on your credit history, the type of loan, the loan amount, your down payment and the loan term.

» MORE: Current mortgage rates — check today’s rates

Patriot Financial loan types

Patriot Financial offers fixed-rate and adjustable-rate mortgages (ARMs). Its mortgage products include:

Conventional loans
Federal Housing Administration (FHA) loans
U.S. Department of Veterans Affairs (VA) loans
Jumbo loans

It also offers first-time homebuyer loans and rate- and term-based refinancing. While it lists U.S. Department of Agriculture (USDA) loans on its rate page, it doesn’t appear to currently offer USDA loans.

Patriot Financial loan maximum

The maximum loan you can get through Patriot Financial is $3 million through a jumbo loan. In general, the maximum loan you can get depends on the type of loan you apply for and your financial qualifications.

Patriot Financial requirements

Patriot Financial discloses some of its requirements for its mortgages, including some of its minimum credit score and down payment requirements. It also recommends certain debt-to-income (DTI) ratios.

Loan type	Credit score	Minimum down payment	Maximum DTI ratio
Conventional loan	620	3% to 5%	Not disclosed
VA loan	Not disclosed, typically 620	0%	Not disclosed
FHA loan	580	3.5%	56%
Jumbo loan	680 to 700	Usually 20%	Usually 43%

Patriot Financial application process

Patriot Financial’s application can be completed online, though you might also be able to complete an application by phone or in person at its office in Cary, North Carolina. When filling out an application, be prepared to provide information about your income and assets so that Patriot Financial can determine how much you can borrow.

Patriot Financial states that its average closing time is 14 days.

Patriot Financial application features

The table below shows some of Patriot Financial’s application process features:

Features	Availability
Online application
Mobile document upload
Publishes rates online
Offers rate lock
Offers prequalification (no hard credit check)
Certified approval letter
State availabiity	13
Number of branches	1

» LEARN: How to get a mortgage

Patriot Financial costs and fees

Patriot Financial doesn’t disclose its costs and fees for its loans online. You can expect to pay closing costs for a purchase or refinance loan, which typically range between 2% and 5% of your loan amount.

How does Patriot Financial compare?

Patriot Financial offers similar purchase and refinance options as other mortgage lenders.

Company		Purchase options	Refinancing options	Minimum credit score
Patriot Financial, Inc.	Learn More	Conventional, FHA, VA, jumbo	Rate, term	580 to 700
New American Funding	View Rates	Conventional, FHA, VA, USDA, jumbo	Cash-out, rate-and-term, cash-in	580 to 640
Rate Mortgage	View Rates	Conventional, FHA, VA, jumbo	Cash-out, rate, term	No minimum score for some loans, otherwise 580 to 620

FAQ

Is Patriot Financial legit?

Yes, Patriot Financial is a legitimate mortgage lender that’s licensed with the Nationwide Multistate Licensing System (NMLS).

Where is Patriot Financial available?

Patriot Financial operates in 13 states: California, Colorado, Connecticut, Florida, Maryland, Minnesota, New York, North Carolina, Oregon, South Carolina, Tennessee, Virginia and Washington. It’s also available in Washington, D.C.

What credit score do you need for Patriot Financial?

The credit score you’ll need for a Patriot Financial loan depends on the type of loan you apply for. It typically requires a minimum credit score of 620 for conventional loans, 580 for FHA loans and 680 to 700 for jumbo loans. While it doesn’t disclose a minimum credit score for its VA loans, lenders typically require a minimum credit score of 620.