Smartfi Home Loans, LLC

Smartfi Home Loans, LLC

Smartfi Home Loans, LLC
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Written by Lorraine Roberte
Edited by Shawn Richardson

About Smartfi Home Loans, LLC

Smartfi Home Loans, LLC is a home mortgage lender that aims to meet seniors’ mortgage needs, with an emphasis on transparency and retirement goals. The company has over 100 years of experience in the industry and currently is licensed to operate in 28 states. Smartfi Home Loans, LLC’s website offers free quotes and an online application.


  • Specializes in assisting seniors
  • Purchase, refinance and reverse loans
  • Online amortization calculator


  • Not available in all states

Bottom Line

Smartfi Home Loans, LLC is a mortgage lending company available in 28 states. It offers conventional and government-backed home loans as well as reverse mortgages. Get a free quote on the website or by phone.

What is Smartfi Home Loans, LLC?

Smartfi Home Loans, LLC is a mortgage lender that offers conventional and government-backed home loans. In Ohio, where it’s based, the company is called Bankers Guarantee Mortgage Company, which reflects its original name from its founding in 1911.

The primary goal of Smartfi Home Loans, LLC is to help American seniors who need mortgages. The company says it accomplishes this by being transparent, helping older borrowers understand their options and encouraging them to choose the solution that’s best for them.

How does Smartfi Home Loans, LLC work?

You can apply for a loan from Smartfi Home Loans, LLC online, starting by creating an account. If you prefer, you can call the company to start the application process.

Smartfi Home Loans, LLC has mortgage specialists who can answer questions and help you complete the application. The company is available by phone Monday through Friday from 9 a.m. to 5 p.m. PST.

Smartfi Home Loans, LLC products

Smartfi Home Loans, LLC offers purchase mortgages, refinance mortgages and reverse mortgages. The available products include:

With this type of mortgage, your interest rate won’t go up or down because of market conditions. The most common types are the 15-year and the 30-year mortgages. With the first, you’re likely to have a higher payment but pay less interest. With the second, you pay more interest due to the longer term, but your monthly payment will likely be lower. Smartfi Home Loans, LLC doesn’t charge a prepayment penalty if you pay your mortgage off early.
This loan is backed by the FHA. It helps you purchase a home with a lower down payment, requiring as little as 3.5% of the purchase price. Mortgage insurance is required on FHA loans. Fixed-rate FHA loans are available in 15-, 20-, 25- and 30-year terms; Smartfi Home Loans, LLC also offers an adjustable-rate FHA loan.
This loan, backed by the Department of Veterans Affairs, is available to active military members, veterans and some surviving spouses. It requires no down payment and no mortgage insurance and typically has fewer closing costs. Fixed- and adjustable-rate VA mortgages are available.
This type of reverse mortgage, called a Home Equity Conversion Mortgage (HECM), allows you to withdraw your home equity through monthly payments or a line of credit and increase your financial flexibility. You don’t pay back the loan until you or the last surviving borrower moves or dies. Borrowers must be 62 and meet with an approved counselor before getting a HECM.
Smartfi Home Loans, LLC’s proprietary reverse mortgage has a lower age requirement (60), higher loan limits and more flexible underwriting requirements than a HECM.

Smartfi Home Loans, LLC rates

Smartfi Home Loans, LLC doesn’t publish current rates. Mortgage rates change frequently and vary based on factors including your credit score, income and the type of loan. For specific information about Smartfi Home Loans, LLC’s current rates, contact a mortgage specialist at the company.

Smartfi Home Loans, LLC does offer an online mortgage calculator so you can see your monthly mortgage payment and total interest paid at different rates.

Smartfi Home Loans, LLC FAQ

Where is Smartfi Home Loans, LLC available?

Smartfi Home Loans, LLC is licensed in the following states:

  • Alabama
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Florida
  • Georgia
  • Idaho
  • Illinois
  • Iowa
  • Louisiana
  • Michigan
  • Minnesota
  • Mississippi
  • Nebraska
  • New Jersey
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • South Dakota
  • Tennessee
  • Texas
  • Washington
  • Wisconsin
  • Wyoming

Note that in Ohio, Smartfi Home Loans does business under the name Bankers Guarantee Mortgage Company.

Where is Smartfi Home Loans, LLC located?

Smartfi Home Loans, LLC is based in Medina, Ohio.

What types of loans does Smartfi Home Loans, LLC offer?

Smartfi Home Loans, LLC offers a variety of home loan options. These include:

  • Fixed-rate mortgages
  • FHA loans
  • VA loans
  • FHA Home Equity Conversion Mortgage (HECM)
  • Smartfi Choice reverse mortgage
How do I apply for a mortgage from Smartfi Home Loans, LLC?

You can start applying for a Smartfi Home Loans, LLC mortgage on the company’s website or by calling.

Is Smartfi Home Loans, LLC worth it?

Smartfi Home Loans, LLC promises transparency regarding its mortgage products. The company’s loan options, including reverse mortgages, are well suited for seniors. Unfortunately, Smartfi Home Loans, LLC isn't available in every state, but if you're purchasing a home, refinancing an existing mortgage or looking for a reverse mortgage, we recommend getting a quote from Smartfi Home Loans, LLC if it operates in your area.

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Smartfi Home Loans, LLC Company Information

Company Name:
Smartfi Home Loans, LLC