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LendingTree FHA Loans Review


ConsumersAdvocate.org Rating: 4.9 / 5 (Excellent)
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Founded in 1996, LendingTree is an online loan marketplace, which connects consumers to one or more lenders from its network of banks and finance companies. By filling out one application, consumers can receive offers from up to five companies across a wide range of products, from auto loans to mortgages to credit cards.

How is LendingTree rated?

Breakdown

0.0/5
Geographic Availability
5.0/5
Customer Experience
5.0/5
Lender Reputation

Overall Rating: 4.9 / 5 (Excellent)

As a pioneer in online lending, LendingTree has one of the largest lender networks in the business, which makes them one of our top picks. Consumers can easily and quickly access several FHA loan offers, and pick the one that suits them best. The company's online quote tool is useful and easy to use. LendingTree enjoys a good reputation among consumers. As such, it is an excellent choice for homebuyers in the market for an FHA loan.

LendingTree Loan Specifics

Types of FHA Loans Offered

FHA Fixed-Rate 15-Year
FHA Fixed-Rate 25-Year
FHA Fixed-Rate 30 Year
FHA Fixed Rate 15 Year
FHA Fixed-Rate 30 Year
FHA Adjustable Rate Mortgage (ARM)
FHA Jumbo Fixed Rate
FHA Hybrid
FHA Bridge/Relocation Loan
FHA Home Improvement 203(k)
FHA Self Employed

Key FHA Loan Facts

Minimum FHA Loan Amount
$313,760
Maximum FHA Loan Amount
$765,600
Minimum FICO Score
580
Non-Traditional Credit History Considered
Yes

Loan Specifics - 5 / 5

LendingTree is a marketplace, so specific details about FHA loan offerings will depend on the lender the consumer selects. However, their FHA loan rate calculator indicates their lender network offers three FHA loan options. Regarding loan qualification requirements, LendingTree reminds prospective borrowers that the Fair Housing Administration sets minimum requirements, but lenders have the option of setting higher overlay requirements.

LendingTree Customer Experience

Customer Experience - 5 / 5

While their online quote tool is easy to complete, LendingTree requires you to create an account to view your offers. This may deter some consumers who would rather not enter any personal information at all. Their FHA loan rate calculator, however, is very useful. Consumers can enter the information about the home price if purchasing or loan balance if refinancing, your credit score, and zip code, and LendingTree will provide a summary of FHA loan interest rates for three different loan types from several lenders in their network.

Online Features

Online Application
Yes
FHA Mortgage Calculator
Yes
Online Quote
Yes
Social Security Number Required for Quote
No

Decision Time

Depends on lender

Loan Closing Time

Depends on lender

LendingTree Lender Reputation

Lender Reputation - 5 / 5

LendingTree boasts a great A- rating from the Better Business Bureau, with fewer negative reviews than positive reviews. Most costumers complain that they receive calls from lenders after filling out LendingTree's quote application, but this stems from a misunderstanding about what LendingTree does. LendingTree does not provide loans itself, but as a loan broker, connects consumers with lenders. Forwarding prospective customers to qualified lenders is precisely the service the company provides.

Key Reputational Facts

Company Type
Marketplace
Year Founded
1996
BBB Rating
A-
Number of BBB Positive Reviews
86
Number of BBB Negative Reviews
63
Trust Pilot Rating
9.3 out of 10
Date Collected
2018-01-23

Complaints & Actions

Nationwide Mortgage Licensing System ID
1136
Nationwide Mortgage Regulatory Actions
2
NMLS Collection Date
2018-01-23
CFPB Total Mortgage Complaints
7
CFPB Collection Date
2018-01-23

Company Profile

Full Name
LendingTree FHA Loans
Company Website
Headquarters
11115 Rushmore Dr., Charlotte, NC, 28277

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