This article contains links to products or services from one or more of our advertisers or partners. We may receive a commission when you click or make a purchase using our site. Learn more about how we make money.

LendingTree home equity loans service review

Last updated:  

This lending matchmaker can help you borrow against your home’s equity at low interest rates.

LendingTree is a lender matching service that can connect you with a variety of home loans, including home equity loans. Learn how to get connected to its trusted lending partners through a single online application.

Details

TypeMarketplace/Broker
Loan products offeredHome Equity loans
Minimum credit scoreGood to excellent credit
State availabilityAvailable in all states

What can I expect with LendingTree?

  • Many options. Connect with many types of lenders and loans.
  • Wide range of loan amounts. The amount you’re eligible to borrow depends on the value of your home and home much you owe on it.
  • Tax-deductible. Like all home equity loans, you can typically deduct them on your taxes.
  • One application. You won’t have to fill out multiple applications to get multiple offers.

LendingTree reviews and complaints

The majority of reviews for LendingTree are favorable. The company earns a 9.1/10 TrustScore from TrustPilot, with reviews ranging from “easy to use” to “awesome experience.” LendingTree is not accredited with the BBB, but receives an A- rating from the organization.

Pros and cons

Pros

  • Multiple lenders. Get matched up with a wide range of lenders.
  • Simplified process. Fill out just one online application to receive multiple offers.
  • Alerts on better deals. If LendingTree finds a better rate than your current loan, it sends an alert to your LendingTree account

Cons

  • Residual offers. You may continue to receive phone calls or emails from lenders even after you’ve accepted a loan offer.
  • Not all offers are competitive. Depending on your qualifications, you may receive up to five offers — but not all options will be good options. Be sure to compare interest rates, terms and other features you find important to make sure you’re getting a good deal.

Compare more home equity lenders

Name Product Loan products offered State availability Min. credit score
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: AK, HI, MO, NH, NM, NY, SD, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Figure
(NMLS #1717824)
Figure
HELOC
Not available in: DE, HI, KY, MD, NY, SC, TX, UT, WV
620
Speedy prequalification, minimal fees and a wide range of loans and terms with this HELOC lender.
Axos Bank
(NMLS #524995)
Axos Bank
Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
Available in all states
620
Purchase, refinance, and home equity options available with lender fees as low as $0 (restrictions apply).
LendingTree
(NMLS #)
LendingTree
Home Equity loans
Available in all states
620
Connect with vetted lenders quickly through this free online marketplace.
Hometap equity partners
(NMLS #)
Hometap equity partners
Home equity investment
Only available in: AZ, CA, FL, MA, MD, MI, MN, NC, NJ, NY, OR, VA
600
Sell a portion of your home's equity for cash without monthly payments or hurting your credit score.
loading

Compare up to 4 providers

Ready to compare lenders?
View mortgage, refinance and home equity rates from multiple lenders and apply online.

Need help? Talk to a customer specialist

X

Do I qualify for a home equity loan with LendingTree?

Finding a home equity loan can be tougher to qualify for than other loans, especially if you’ve struggled with maintaining good credit or paying down debt. Remember that LendingTree connects you with lenders, and each one might have different requirements, including minimum credit score.

Eligibility requirements

  • Loan-to-value ratio. You’ll need a loan-to-value ratio (LTV) of around 80 percent.
  • Income. You’ll need to show you have sufficient income to cover your mortgage payment and the new loan payment.
  • Strong credit. Lenders want to know you have a history of paying your debts.
  • Debt-to-income ratio. Lenders also like to see a low ratio between your overall debts and your income.
  • Other assets. Additional assets help lenders feel more comfortable lending money to you.

Required documentation

  • Original purchase price of your home.
  • Up-to-date loan amount.
  • Estimated current market value of your home.
  • Amount you wish to borrow.
  • Proof of employment.
  • Income and expense information.
  • Personal information, such as your name, address and phone number, along with your Social Security number and date of birth.

    How do I get started?

    1. To get started, click the Find out more button on this page to go to LendingTree’s website.

    2. Select the type of home you own, such as a single-family home, condo or townhome.

    LendingTree home equity loans step 2

    3. Enter your personal information, including ZIP code, and LendingTree will start connecting you with lenders.

    LendingTree home equity loans step 3

      I got the loan. Now what?

      • Understand all terms and conditions. Be sure you understand what interest you’ll be charged and how payments will be deducted, among other important factors.
      • Avoid late payment penalties. Although specific fees vary by loan, most lenders charge late payment fees. One way to avoid them is to set up autopay.

      Frequently asked questions

      Expert review

      Aliyyah Camp

      Review by


      Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

      Expert review

      LendingTree is for homeowners looking to easily compare their loan options with one application. But if managing multiple phone calls and emails is too much for you, consider a direct lender instead.

      Ask an expert

      You are about to post a question on finder.com:

      • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
      • finder.com is a financial comparison and information service, not a bank or product provider
      • We cannot provide you with personal advice or recommendations
      • Your answer might already be waiting – check previous questions below to see if yours has already been asked

      Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
      Go to site