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LendingTree Mortgage Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
10 Customer Comments & Reviews - see all comments
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LendingTree is an online loan marketplace based out of North Carolina. Since 1996, its website has been a portal connecting borrowers with lenders from their comprehensive network. Besides offering a variety of loans and mortgage products, the company also extends tools, educational resources, and access to products like credit repair and debt relief, among others.
 
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How is LendingTree rated?

Breakdown

4.5/5
Lender Types
5.0/5
Available Mortgage Types
4.5/5
Customer Experience
4.2/5
Reputation & Transparency

Overall Rating: 4.6 / 5 (Excellent)

LendingTree is one of the first online lending marketplaces in the mortgage industry. They feature an extensive network of lenders, which can help borrowers from different financial backgrounds obtain conventional, FHA, and VA mortgage loans. By merely inputting some essential details, borrowers can connect with up to five different mortgage providers offering products for which they are likely to qualify.

LendingTree Loan Specifics

Available Mortgage Types - 5 / 5

LendingTree is a marketplace lender, which means that it doesn't originate loans, but instead connects prospective homebuyers with lenders from their vetted network. Generally speaking, marketplace websites can put buyers in contact with lenders who offer virtually every type of loan, including adjustable or fixed-rate mortgages with varying terms, and other specialty debt products such as jumbo or low downpayment loans.

Types of Mortgage Loans Offered

  • Marketplace

Minimum Loan Amount

$80,000

LendingTree Customer Experience

Customer Experience - 4.5 / 5

Since Lending Tree is a lending marketplace, they don't offer information about estimated decision or closing times, as this will depend on each lender. However, in order to help their customers make well-informed decisions, they do provide a wealth of helpful articles and loan calculators.

Online Features

Online Application
Yes
Online Quote
Yes
Additional Tools and Resources
Affordability Calculator
Loan-to-debt Ratio Calculator
Help Articles
Check Today's Rates

LendingTree Qualification Requirements

Qualification Requirements - 5 / 5

Each lender in LendingTree's network has particular qualification requirements. However, we can anticipate that a minimum credit score of 580 is fairly standard for a low downpayment mortgage or FHA loan—though many companies will consider this low—and require at least 620 for a conventional mortgage. Likewise, LendingTree's advertised minimum down payment is 3.5% of the total loan amount, but be aware that not all lenders will accept this sum.

Key Requirements at a Glance

Minimum FICO Score
580
Non-Traditional Credit History Considered?
Yes

LendingTree Lender Reputation

Reputation & Transparency - 4.2 / 5

LendingTree is a lending marketplace which connects borrowers with up to five different lenders, once they've filled out some financial information. However, their network of lenders is well-vetted, resulting in LendingTree itself obtaining good customer reviews. We do recommend that homebuyers thoroughly research the companies they get paired with, verifying such customer-based review sites as Trustpilot and the Better Business Bureau.

Key Facts

Lender Type
Marketplace
Year Founded
1996
BBB Rating
A-
BBB Positive Reviews
86
BBB Negative Reviews
64
Collection Date
2018-02-02

Complaints & Regulatory Actions

Nationwide Mortgage Licensing System ID
1136
The Nationwide Mortgage Regulatory Actions
3
Consumer Financial Protection Bureau Complaints
157

Company Profile

Full Name
LendingTree Mortgage
Company Website
http://www.lendingtree.com
Headquarters
11115 Rushmore Drive, Charlotte, NC, 28277
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