BlueHub Capital, Boston, MA

I don’t usually do reviews because everyone’s experience can vary based on so many factors. That being said Blue Hub totally exceeded any expectations that I had. We were facing a foreclosure due to me losing my job in March of 2021 and we had a lender that refused to work us and with the mortgage being behind we believed that refinancing was impossible. As foreclosure process progressed and we came closer to the court ordering a sale date I was doing an internet search for foreclosure refinance options. I thought I would come across the usual adds of “we buy any house in any condition” but I came across Blue Hub. I decided to do the application not really expecting much other than the typical response of “we wish you luck but we can’t help”. That’s not what I got, I got a phone call from Blue Hub and I was able to explain everything we were dealing with and that I wanted to keep the house. The loan terms were simple, yes the rate was a little higher than prime rate but given the circumstances I understand that. The approval process was under 45 days and we closed the day before the final hearing of the foreclosure. Blue Hub outlined all of the requirements and was available every step of the way. I couldn’t be happier with the outcome. We were kept in the loop the entire time and every question or concern I had was addressed. I can’t recommend Blue Hub enough! Very candidly I did read some negative reviews relating to the equity share option, I didn’t need the equity share program or option due to the equity we have in the house being just under the limit. Equity share can be expensive option depending on how much principal needs to be brought down but in a foreclosure and the threat of losing your home that needs to be weighed and understood before signing. Personally I would’ve signed knowing that I’d be giving up some equity if that was the requirement but my situation may be different than others.

My experience with BlueHub Capital, in particular, Jonathan Coakley, far exceeded my expectations. Jonathan has been incredibly kind, compassionate and understanding. He has helped me remain in my home on more than one occasion when unforeseen circumstances arose for me and he went above and beyond what most mortgage companies are willing to do. He is very responsive both with emails and phone calls. He truly cares about helping someone to stay in their home. I can’t thank him enough and would recommend him and BlueHub to anyone who is in need of help!

To all of the homeowners who've given a positive review here, do yourselves a favor and call Blue Hub, tell them you would like to refinance your mortgage. That's when you'll begin to see their true colors. The nightmare will not end there. You will find out that before you can refinance or sell your home, then you must first pay them a huge percentage of your equity. Many homeowners, including my husband and I, owe them 50% of our equity. You will not realize this until you are ready to refinance or sell. We worked hard for our home to have something worthwhile to leave to our children. Now thanks to this "nonprofit"company and its CEO with her $700k+ income, we are trapped.

I can not recommend this mortgage company enough. While it is serviced by a big name to process your payments the local contact stays with you and cheers you on. Jonathan Coakley is an intelligent, compassionate, person with an excellent customer service style. This is a bank who is just as much invested in you and your success with home ownership as you are. Im a young widow and I was lost; not to mention I have Faced endless challenges and Jonathan was right by my side. To this day 5 years later he motivates and Checks in on us. So Impressive! Here your not a number your a client they remember! Invest with them, Buy with them...you will not regret it! Most honest company Ive dealt with in my 30 years of home ownership and Ive been with them 5 years now nothing has changed just incredible.

I am living in a crowded house. I would not mind if it was my elderly relatives, or helping out a friend down on their luck, that would be a privilege. My infestation is from BlueHub Capital, who holds my mortgage. I am in a mortgage nightmare. BlueHub Capital wants to charge me nearly $100,000 in order to refinance into a lower mortgage of 4% interest rate far less than the 6.375% I now pay to BlueHub Capital. After being a homeowner for nearly 9 years I would walk away with no equity. And they write they stand for equity and social justice, I really beg to differ! Some days I do not even have the words to accurately describe the negative impact of how a so called non profit established in the heart of urban Boston would institute a program of foreclosure prevention and then the homeowner has to pay additional money when they are ready to refinance or sell their home. Pay or Stay is not the American Way. One former homeowner, BlueHub Capital foreclosed on his home when he fell ill and fell behind in his mortgage payment. He shared how BlueHub Capital destroyed the legacy he was building for his family. 1 Star is too kind for this organization. Keep your $25 gift certificate peddling survey for homeowner satisfaction. As one homeowner said, "I rather you get rid of your profit making Shared Appreciation Mortgage, so I can live my life without your foot on my neck."see

I don’t usually do reviews because everyone’s experience can vary based on so many factors. That being said Blue Hub totally exceeded any expectations that I had. We were facing a foreclosure due to me losing my job in March of 2021 and we had a lender that refused to work us and with the mortgage being behind we believed that refinancing was impossible. As foreclosure process progressed and we came closer to the court ordering a sale date I was doing an internet search for foreclosure refinance options. I thought I would come across the usual adds of “we buy any house in any condition” but I came across Blue Hub. I decided to do the application not really expecting much other than the typical response of “we wish you luck but we can’t help”. That’s not what I got, I got a phone call from Blue Hub and I was able to explain everything we were dealing with and that I wanted to keep the house. The loan terms were simple, yes the rate was a little higher than prime rate but given the circumstances I understand that. The approval process was under 45 days and we closed the day before the final hearing of the foreclosure. Blue Hub outlined all of the requirements and was available every step of the way. I couldn’t be happier with the outcome. We were kept in the loop the entire time and every question or concern I had was addressed. I can’t recommend Blue Hub enough! Very candidly I did read some negative reviews relating to the equity share option, I didn’t need the equity share program or option due to the equity we have in the house being just under the limit. Equity share can be expensive option depending on how much principal needs to be brought down but in a foreclosure and the threat of losing your home that needs to be weighed and understood before signing. Personally I would’ve signed knowing that I’d be giving up some equity if that was the requirement but my situation may be different than others.

To all of the homeowners who've given a positive review here, do yourselves a favor and call Blue Hub, tell them you would like to refinance your mortgage. That's when you'll begin to see their true colors. The nightmare will not end there. You will find out that before you can refinance or sell your home, then you must first pay them a huge percentage of your equity. Many homeowners, including my husband and I, owe them 50% of our equity. You will not realize this until you are ready to refinance or sell. We worked hard for our home to have something worthwhile to leave to our children. Now thanks to this "nonprofit"company and its CEO with her $700k+ income, we are trapped.

STAY AWAY! BlueHub is a Predatory Lender!! A non-profit that charges a shared appreciation mortgage which takes a significant portion of the equity in your home leaving you trapped and unable to refinance or even sell your home.