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LendingTree is a free online mortgage marketplace — not a direct mortgage provider. Rather than funding home financing products itself, LendingTree can connect you with partnered lenders after you complete an online form.
Conventional: 620
FHA: 500
VA: 620
USDA: 640
Jumbo: 800
Minimum credit score
3%
Minimum down payment (Conventional)
Available in all states
State availability
Type | Marketplace/Broker |
---|---|
Loan products offered | Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance |
Minimum credit score | Conventional: 620 FHA: 500 VA: 620 USDA: 640 Jumbo: 800 |
Minimum down payment (Conventional) | 3% |
State availability | Available in all states |
NMLS # | 1136 |
LendingTree is a free loan marketplace best for borrowers who want to compare a range of home loan products in one place. Fill out a quick application on LendingTree, and the service will search its network of over 1,000 lenders nationwide to find the best matches based on your loan preferences.
The application takes only a few minutes to complete and doesn’t require a Social Security number to see your matches. However, you’ll need to provide your contact information so that LendingTree can share your details with its lender network.
If you prequalify for a loan, you’ll see a list of lenders willing to work with you. You can either apply directly with the lender or wait for the lender to contact you. LendingTree claims users may get more competitive rates since lenders compete against each other — but be prepared to get inundated with calls and emails.
As a loan marketplace, LendingTree can connect you with hundreds of lenders offering a range of home loan products like these.
The lenders from this marketplace offer the following refinance options:
LendingTree’s only other mortgage-related offerings are home equity products.
LendingTree connects you with lenders that may have different requirements, including minimum credit score. To qualify for a home equity loan through LendingTree, expect to meet these general requirements:
Your fees will vary by lender, which may or may not include application, processing and underwriting fees, aka origination fees. In addition, LendingTree estimates that you’ll pay between 2% and 5% of your loan in closing costs, which include:
BBB rating | A+ |
---|---|
Trustpilot rating | Excellent |
Customer reviews verified as of | 25 May 2022 |
The majority of reviews for LendingTree are favorable, earning high ratings on Trustpilot, where it has earned a 4.6-star TrustScore from over 11,600 reviewers. Customers praise the service as fast and easy to use and say it provides a great experience. However, this refers to a range of loans, including personal loans, home loan products and more.
LendingTree has been accredited by the Better Business Bureau (BBB) since 2019 and has an A+ business rating for answering 265 complaints over the last three years. But the company has a lower customer rating here than on Trustpilot, earning 1.38 out of 5 stars. Many negative reviews report increased spam after signing up for the service and unexpected hard credit pulls that lowered credit scores.
To use the LendingTree site to find lenders willing to work with you, follow these steps:
After you’re done filling out the application, you should see a list of lenders willing to work with you. Select the links provided to begin a loan application or wait for your matches to contact you.
Have the following documentation ready before you apply:
While LendingTree lets you compare multiple offers from different lenders, it’s not the only digital marketplace on the block. For example, Morty and Credible provide the same services, have good customer ratings and, like LendingTree, are free to use.
But if you prefer not to share your contact information with LendingTree, you might consider a digital lender like Better or Beeline. Both are highly-rated online lenders that let you apply online 24/7 and offer streamlined processes and fast preapprovals along with zero lender fees.