Lending Tree Mortgages

Lending Tree Mortgages Review

Lending Tree Mortgages are offered by LendingTree Inc., a marketplace lending platform founded in 1996 and based in Charlotte, NC. Lending Tree Mortgages are available in 50 states (and Washington, DC).

Key Takeaways

• Instant online preapprovals. Find out how much you can borrow and what your interest rate will be.
• 5 different mortgage programs offered. Lending Tree Mortgages offers FHA, FHA 203k, USDA, VA, jumbo, conforming, and conventional mortgages.
• Financing for single-family and multi-family properties. However, LendingTree Inc. does not offer financing for manufactured homes.
• Standard interest rates types. Lending Tree Mortgages offers option ARM mortgages, adjustable-rate mortgages, and fixed-rate mortgages.
• Considers personal use and investment properties. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Lending Tree Mortgages Pros & Cons

Lending Tree FAQ

What is the maximum loan term you can get with Lending Tree?

Lending Tree offers mortgages with terms ranging from 15 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What mortgage rates does LendingTree Inc. offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Do they charge mortgage origination fees?

Yes, Lending Tree may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Lending Tree offers the following mortgage types:

• FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
• FHA 203k: An FHA mortgage you can also use to finance home improvements.
• Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency ($726,000 as of 2023).
• USDA loans: A zero down payment mortgage loan with low mortgage rates for suburban and rural homebuyers. The USDA doesn't require a minimum credit score, but most mortgage lenders require a minimum credit score of 640.
• VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What property usage types does Lending Tree allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Lending Tree allows the following property usage types: 

• Primary home
• Secondary homes and vacation properties
• Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for Lending Tree Mortgages is (800) 813-4620.

What is the support contact email?

The support contact email for is customercare@lendingtree.com.