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  LendingHome Purchase Mortgage

LendingHome Purchase Mortgage

in Home Purchase Mortgages from LendingHome · NMLS ID #1125207

Unaffiliated

LendingHome Purchase Mortgage

Unaffiliated

in Home Purchase Mortgages from LendingHome · NMLS ID #1125207

Net Recommendation Score +33

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

2 users recommend
0 users are unsure
1 user doesn't recommend
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Highlights
Community Rating

Rating not yet determined  

Loan Amount Starting at $50,000
Loan Term (Years) 15 - 30 years
Credit Score Range Starting at 640

LendingHome Purchase Mortgage Review

LendingHome Purchase Mortgage is offered by LendingHome (NMLS #1125207), a direct lender founded in 2013 and based in San Francisco, CA. LendingHome Purchase Mortgage is available in 50 states (and Washington, DC).

Key Takeaways
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Non-standard interest rates available. LendingHome Purchase Mortgage only offers hybrid mortgages.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, LendingHome Purchase Mortgage does offer financing for primary and secondary homes (e.g. vacation properties).
  • Maximum LTV. LendingHome Purchase Mortgage has a maximum loan to value ratio of 80%.
  • Fair credit accepted. Borrowers with a credit score as low as 640 may qualify for LendingHome Purchase Mortgage.
LendingHome Purchase Mortgage Pros & Cons
Pros Cons
  • $0 prepayment fee.
  • Considers applicants with fair credit.
  • Available in all 50 states.
  • Charges an origination fee.
LendingHome FAQ

What is the maximum loan term you can get with LendingHome?

LendingHome 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 LendingHome 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.

LendingHome offers home loans with APRs starting at 3.557% .

Does LendingHome charge an application fee?

Do they charge mortgage origination fees?

Yes, LendingHome may charge a loan origination fee.

Do they charge prepayment fees?

No, there are prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.

What property usage types does LendingHome allow?

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

  • Primary home
  • Investment properties and house flipping projects

What is the customer service phone number?

The customer service number for this business card is (844) 415-4663.

How do people rate the customer service and user experience?

Overall, this business credit card is mostly recommended based on community reviews that rate customer service and user experience.

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Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:00am - 6:00pm
  • Tuesday 8:00am - 6:00pm
  • Wednesday 8:00am - 6:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:00am - 6:00pm
  • Saturday Closed

Other Services by LendingHome

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
Initial Processing Fee $199
Credit Score Range 640 -
Intended Use
  • Investment
  • Primary Home
Maximum LTV 80%
APR Starting at 3.557%
Loan Amount Starting at $50,000
Loan Term 15 - 30 years
Interest Rate Types Offered Hybrid Mortgage
Terms 15, 30

LendingHome Purchase Mortgage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +33, equating to 3.7 on a 5 point rating scale.

+33

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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