Address: 1 California St. Floor 17, San Francisco, CA 94111
States They Lend In: Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Michigan, Missouri, North Carolina, New Jersey, Nevada, New York, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, and West Virginia
We’re not a traditional bank and provide flexible financing. If you’re an investor in need of a Bridge Loan, we can help. And if you need a consumer mortgage, we're working on financing solutions for you too.
What loan programs do you offer?
LendingHome offers two programs: Bridge Loans and Consumer Home Loans. Our Bridge Loan program focuses on property investors who need financing for a home they intend to resell.
What’s the process to get a loan from you?
The process is simple, fast, reliable, and 100% online. To apply for a loan, signup as a borrower to get started. We’ll ask you a few quick questions about you and the home you’re interested in and then give you a customized rate -- all in about 3 minutes. From there we make it incredibly easy to finish a full application in just 20 minutes. You will simply answer a few remaining questions and upload the required documentation. We’ll verify your information, and if everything checks out, you will often close in 10-14 days.
Are you a broker or a lender?
LendingHome is a direct lender. We lend our own funds to make sure you close reliably and on time. After closing we generally sell those loans to our investors via secondary sale transactions.
How much documentation do I need to provide?
As soon as you finish your prequalification, we’ll generate a custom checklist of the minimum amount of information you need to provide to us. If you have everything ready, you can be done in about 20 minutes. If not, you can always come back later and finish any remaining elements.
If there’s documentation that a traditional mortgage provider would ask you for but is not needed for your loan, our system automatically recognizes that and removes the requirement. Our goal is to minimize work for you and maximize ease.
In general, the more information you can provide, the more opportunities there will be for us to lower your rates and closing costs.
How long does it take to close?
Timing to close will vary depending on the terms of the individual loan but we strive to close all loans in less than 2 weeks. We will fund loans as soon as possible once we have received all of your information, been able to perform a valuation of the home, and verified documentation. The sooner you provide us with the needed information, the sooner we close
How do you work with brokers?
We built our application from the ground up to allow broker accounts to manage multiple borrower profiles at once. This makes it incredibly easy for brokers to bring their client base to LendingHome, giving the borrower a simple process and the fastest closing times possible.
What is a Bridge Loan?
A Bridge Loan is a short-term mortgage used to acquire a property quickly. Generally this financing is used until permanent financing is found, the home is resold, or it is rehabilitated and then resold.
Who needs this kind of loan?
Property investors that are fixing and flipping properties are the most common customers of LendingHome Bridge Loans. Anyone buying properties on market or in distress, rehabbing, and reselling is a potential customer for us.
Do you provide rehab financing?
Yes, we provide rehab financing. We consider both the as-is value of the property as well as the after repair value to be able to extend you funding that works and can finance both the acquisition and repairs. If you want to see an example, go ahead and apply, enter basic loan details, and we’ll show you the amount of capital and we can extend and the associated rates.
- Please note, we do not finance land or ground-up construction. Only light to moderate rehab projects will be considered.
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