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.
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.
Matt Humphrey and James Herbert
San Francisco, CA
1 (844) 415-4663
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" on the top right-hand side of the home page.
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:
- North Carolina.
- New Jersey.
- New York.
- South Carolina.
- West Virginia.