CMG Financial mortgage review 2026

Core Insights - CMG Financial is a mortgage lender that provides a variety of loan products and resources for homebuyers across the U.S., but it lacks transparency regarding interest rates and has higher total loan costs compared to industry medians [1][2][29] Loan Offerings - CMG Financial offers a wide range of home loan products, including conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, renovation loans, reverse mortgages, HELOCs, purchase loans, refinancing, and cash-out refinancing [5][6] - The company provides specialized loan options such as non-QM loans and medical professional mortgages, along with down payment and closing cost assistance programs [5][8] Assistance Programs - CMG Financial features a 1% down payment program and a crowdfunding option through its HomeFundIt platform, where the company contributes $2 for every $1 raised by the borrower, up to 1% of the loan or $2,000 [5][9] - The lender offers various resources for first-time homebuyers, including guides, calculators, and online tools [9][21] Rate Transparency and Costs - CMG Financial does not publicly disclose sample or advertised rates; borrowers must apply for preapproval to see personalized rates, which involves a hard credit pull [15][20] - The analysis indicates that CMG Financial's mortgage rates are higher than the industry median at 6.625%, and its total loan costs are significantly above average at $8,057.30 [18][29] Ratings and Comparisons - CMG Financial received a score of 2 out of 5 stars for mortgage rates and 1 out of 5 stars for total loan costs based on data from the 2024 Home Mortgage Disclosure Act [18][28] - Compared to other lenders, CMG Financial offers a broader range of loan options than some competitors but lacks the same level of rate transparency [23][24]