Strongly not recommended
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Where does Lenda do business?
Lenda is a direct lender based in San Francisco, CA. The company was founded in 2012 and offers mortgages to borrowers in 4 states across the USA.
How much can you borrow via Lenda?
Lenda allows borrowers to apply for loan amounts of up to $2,500,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What range of rates does Lenda offer?
Lenda offers home loans with APRs starting at 2.5% .
What is the estimated funding time for a home loan via Lenda?
Lenda will typically fund mortgages within 7 and 14 days of approval.
Does Lenda charge a mortgage origination fee?
Yes, Lenda may charge a loan origination fee.
Does Lenda charge prepayment fees?
Yes, Lenda charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.
What mortgage programs does Lenda offer?
Lenda offers the following mortgage programs:
- Conventional mortgages
- FHA 203k
What property usage types does Lenda allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Lenda allows the following property usage types:
- Primary home
- Secondary homes and vacation properties