LendingHome Purchase Mortgage

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 are 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

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% .

Do they charge mortgage origination fees?

Yes, LendingHome may charge a loan origination fee.

Does LendingHome charge prepayment fees?

No, LendingHome does not charge 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 LendingHome Purchase Mortgage is (844) 415-4663.

What is the support contact email?

The support contact email for is contact@lendinghome.com.