Lending - Any one used Dominion Financial for lending?

Question

Hello All,

Reaching out for any insight into this company, Dominion Financial.  Based in Maryland and lend on the East Coast.  They are wanting all my financials, SSN etc for the application. I expect this, but was not referred and was approached by them.  Just doing my homework.

Thank you for any insight.

Jason Smith · Answer

DO NOT DO IT!!!  I had 2 cash out refi's on the table with them.  We closed 1 and the second they messed up time and time again.  Was promised a 30 day close and after 90 days I pulled out of the process with them and returned my business to Civic.

Dominion promised one interest rate and delivered another by the time we got to closing on the second loan.  I called them out on this only to be informed that they dont lock rates.  Bait and switch!  When they finally sent over the closing docs to title the loan amount had changed from $233K to $171K.  I told title we werent going to be closing with those docs.  Called to my loan originator Delshawn and he would not return my call.  3 days later he contacted me and asked what the problem was and he told me that I asked for the decreased amount??!!  Since all of our conversations were documented via email, it was easy for me to denounce this.  He told me that he would have to send the loan back through underwriting causing yet another delay.

Loan processing on the 1st loan that we closed is nonexistent.  They do NOT have any web portals to be able to monitor or service your loan.  Hoping they sell this on the secondary market soon to get away from them.

Britt Shivers · Answer

I'm trying to evaluate this company also. They have provided me a reasonable quote and the person I've spoken to seems reasonable, but would like some feedback about this company or hear someone else's experience. Finding it difficult to evaluate the company on my own via the internet.

Thanks

Britt

Mitch Kennedy · Answer

Hey Brian,

Did you ever find anything out about Dominion? I recently received some mail from them and am wondering the same thing.

Joshua Folger · Answer

Dominion Financial Services: 5 Months of Delays, Broken Commitments, and Zero Accountability

I am a real estate developer who engaged Dominion Financial Services for both a construction loan and a DSCR takeout loan on the same property. My experience with the permanent financing process was one of the worst professional ordeals I have encountered in years of development. Other investors deserve to know what they are getting into.

Here is what actually happened:

In December 2025, I began the DSCR refinance process with Dominion to retire my construction loan. On January 8, 2026, Dominion's loan officer committed in writing — not paraphrased, a direct written commitment — that the loan would close within 10 days of appraisal completion. The appraisal was ordered January 16 and finalized February 5. The committed close date was February 15, 2026.

Dominion did not close on February 15. They did not close in February. They did not close in March. As of this writing, the loan never closed — and Dominion has walked away from the transaction entirely, after five months of my time, energy, and money.

Every delay traces directly back to Dominion:

•          Dominion's appraiser submitted an incomplete report. The correction process consumed 17 days.

•          On January 26, Dominion was notified of an incorrect property address in their system. I provided documentation the next day without being asked. Dominion told me on January 30 the issue was resolved. It was not. When I followed up on March 16, I learned the address was still unresolved — 49 days after they first knew, 47 days after I supplied the fix. Dominion never told me. I found out only by demanding an update.

•          Dominion issued document requests in at least five separate rounds over two-plus months instead of providing a complete checklist upfront. Every time I received a request, I responded same-day or next-day without exception.

•          From mid-March onward, Dominion sent daily updates stating nothing was needed from my side — while the loan sat internally stalled.

•          Dominion never set a closing date. Not once in five months.

The financial damage is real and ongoing. Every day since February 15, I have been paying 11.99% interest on the construction loan instead of the 6.495% permanent rate I was promised — over $100 per day. That excess cost has already exceeded $5,000 and grows daily. The delays cost me a key vendor relationship. My credit was pulled for a loan that never closed. Starting over with a new lender adds roughly 45 days, meaning total excess interest will approach $10,000–$12,000 before I am done.

When I escalated with a fully documented timeline — dates, email evidence, everything — management offered no credit, proposed a rate higher than what was committed, and ultimately sent a two-sentence email saying they would not be proceeding.

Dominion's tagline is "Fast. Focused. Simple." My experience was the precise opposite of every one of those words.

If you are considering Dominion for any loan product, I strongly recommend against it. Zero Stars.

Erik Estrada · Answer

Hey Josh,

I can't believe this happened to you and it really shows how careless some companies are. I am curious to know if you ended up finding an alternative lender?

Helena Sori · Answer

thank you for this info. I ended up not using them since there was not a lot of resources

out there to check their work and reputation. I do Not trust a company that doesn't have any reviews, website, or where to find more info about them. Nothing out there to back them up or that  shows if they are a reputable company or not.

Helena Sori · Answer

Im trying to find anything on dominion too. Does anybody have worked with them or knows anything about them ?

Lending - Any one used Dominion Financial for lending?

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