About
BoniFi Capital:
Providing Bonafide Loan Solutions for Homeowners Like You
Hello and thanks for checking out BoniFi Capital!
I am Josiah Bonifas, the Owner and Lead Loan Officer at BoniFi. I've had the pleasure of helping over 1600 clients, closing over 500 million in loan volume and working with everyone from first time homebuyers to 200+ home experienced investors.
My focus has always been on educating homeowners and providing a down to earth experience so they can make informed decisions with confidence.
We never hard sell, and always seek to provide great communication, excellent pricing, and a smooth, swift process from start to finish.
We would love the opportunity to work with you for your home financing needs!
Low Fees
Great Communication
Broker = More Options
Integrity
Experienced
Personal
Efficient
Competitive Rates
We're here for you
BoniFi Capital is an independent brokeage, always focused on providing excellent service to our clients.
Why a mortgage broker vs a mortgage lender?
✓ In house Loan Officer and Processing
✓ Streamlined process,
✓ Personalized approach
✓ Consistent communication
✓ Multiple Investor options with Wholesale Pricing
✓ Industry Low Interest Rates
✓ Industry Low Closing Costs
✓ Multiple Lending Programs
A good mortgage broker should be able to provide some of the lowest rates and pricing in the industry. They also handle the origination and processing of the loan which can lead to a smoother process than calling in to a giant company. The Lender handles the underwriting, closing, and funding of the loan.
Helping you achieve your home ownership aspirations
First time homebuyer?
Looking to take out equity?
Veteran?
Self-employed?
Looking for an investment property?
Foriegn National?
BRRRR enthusiast?
Short Term Rental Buyer?
Non-permanent Resident Alien?
Jumbo loan?
Assets but no income?
Whatever your situation, we are here to help.
Frequently Asked Questions
Have a question not listed? Check out our Learn page or reach out to us with one of the options below!
How does the process work?
The process depends on the type of loan and program you are doing. But in general:
- Consultation and Application
- Processing and Initial UW - Gathering documentation and requesting 3rd party items (appraisal, title, insurance) as needed
- Loan Approval and Clear to Close
- Closing and Funding
We process in-house in order to deliver the quickest turn times. We have closed loans as quickly as 5 business days, although average is closer to 2-3 weeks and depends on the type of loan. The quicker you can provide us the documentation needed, the quicker we close the loan. For a more thorough timeline, check out our purchase and refinance pages.
Why use a broker rather than a lender directly?
While lenders are locked into one set of rates and guidelines, a mortgage broker can compare options across multiple lenders, ensuring you get the best rate and deal for your needs.
Not often known, brokers also get wholesale pricing, which means they can even get you a lower rate from the same lender than you would get going to the lender directly!
We originate and process the loan directly, and the lender handles the UW, closing and funding of the loan.
What credit score do I need?
Certainly a higher score puts you in a better position to receive a better rate and terms from lenders, but most conventional loans can go as low as 620 and FHA and VA loans can be seen as low as 550 (lower in some scenarios).
How much of a down payment do I need?
It depends on the loan type. Conventional loans typically require 3% for first time homebuyers, and 5-20% otherwise, FHA loans require as little as 3.5% (Certain loan programs now allow 0% down for Conventional and FHA depending on income). VA and USDA loans can offer 0% down for qualified borrowers. Putting 20% down removes the monthly mortgage insurance which is an additional monthly charge on Conventional loans and a charge on all FHA loans.
What kind of loan products do you offer?
We work with over 100 lenders providing loan products for almost every scenario possible when it comes to residential properties. This includes 15 and 30yr conventional loans, VA, FHA, DSCR, Bank statement loans, HELOCS, Home Equity, Foriegn National, and more.
Contact us today!
We are happy to answer any questions you may have regarding mortgage loans and provide you with competitive rates tailored to your unique financial situation.
