LendingHome Reviews
Learn more about LendingHome, a hard money lender. Includes loan details, features, and frequently asked questions.
Updated on October 5th, 2021
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LendingHome is a hard money lender that offers bridge loans to house flippers. LendingHome also offers real estate investments with returns of 5-10% for durations of 12 months or less.
Loan Amounts, Terms, Rates, and Fees:
LendingHome offers loans from a minimum of $75,000 to a maximum of $2,000,000. These are 12-month interest-only loans, with the possibility of a 3-month extension. Interest rates start at 7.5% and closing fees start at $499.00.
You can get a quote by going to LendingHome's website and clicking on "See Your Rate", which will appear in the top right-hand corner when you start to scroll down the page.
Review:
Pros: Quick, transparent online application, receive funds within days.
Cons: Loans need to be fully repaid in 1 year. Loans are not available to individuals looking for owner-occupied property. Loans are only available within certain states.
Bottomline: Fast, simple, and reliable financing for borrowers looking to fix and flip properties.
Key Information:
Legal Name | LendingHome Funding Corporation |
Founder | Matt Humphrey |
Founding Date | Jan 01, 2013 |
Address | 315 Montgomery Street, Fl 16, San Francisco, California 94104 United States |
Number of Employees | 350 |
Number of Customers | 23000 |
Telephone | |
Website |
FAQs:
How can I apply for a loan with LendingHome?
LendingHome offers quick and simple online applications. Just go to the website and click on "Bridge Loans" or "See Your Rate" to fill out yours.
How can I contact LendingHome?
You can contact the company on 1 (844) 415-4663 with any questions you may have.
What are LendingHome's rates and fees?
Applications cost $199. Other fees and charges will be assessed during your application process. Interest rates start from 7.5%.
What states are LendingHome loans available in?
LendingHome currently provides Bridge Loans in:
- Arizona.
- California.
- Colorado.
- Connecticut.
- Florida.
- Georgia.
- Kentucky.
- Massachusetts.
- Maryland.
- Michigan.
- Minnesota.
- Missouri.
- North Carolina.
- New Jersey.
- Nevada.
- New York.
- Ohio.
- Oregon.
- Pennsylvania.
- South Carolina.
- Tennessee.
- Texas.
- Virginia.
- Washington.
- West Virginia.