Rate Marketplace Home Equity Loans Review

Rating: 8.8 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. 
Learn more.
Rate Marketplace is not a direct financial lender of home equity loans, but rather an online aggregator that allows a large number of lending institutions to connect with potential borrowers. Founded in 2014 and based in California, this company is fully accredited by the FDIC, the FHA, and the USDHUD. While Rate Marketplace offers free quotations, applications, and calculators, they are unable to guarantee associated loan costs, as they vary by lender.

How is Rate Marketplace rated?


Consumer Experience

Overall Rating: 8.8 / 10 (Excellent)

Rate Marketplace is a third-party marketplace that matches borrowers with lenders that offer different types of debt instruments. As such, it is an excellent choice for homeowners who are looking into ways to tap into the equity accumulated in their properties, obtaining offers and quotes for both home equity loans and cash-out refinancing from competing lenders.

Rate Marketplace Loans

Lender Type
3rd Party Marketplace
Loan Types Available
Home Equity Loan
Cash-out Refinance

Loans - 9 / 10

Rate Marketplace connects borrowers with lenders that offer two different debt instruments that take advantage of the equity accumulated in a house: home equity loans, and cash-out refinance loans. Though they aren't a direct lender themselves, Rate Marketplace holds its lenders to the highest standards. Loan details will depend on the lender.

Rate Marketplace Qualifications

Loan Qualifications
Second Home
Property Appraisal
Proof of Employment
Primary Residence

Qualifications - 9 / 10

Rate Marketplace requires a credit score of 620 or higher, 50% or more income to debt ratio, and two years of employment in order to qualify for their lenders' mortgage refinance offers. Additionally, the home must be the borrower's primary residence.

Rate Marketplace Customer Experience

Site Features & Technology
Online Quote

Consumer Experience - 9 / 10

Rate Marketplace's matching service is completely free, and can be done totally online in a few minutes, after which the borrower obtains five free quotes. They also provide some free calculators (mortgage, savings) to help their customers make better informed decisions.

Rate Marketplace Reputation

Nationwide Mortgage Licensing System ID
Nationwide Mortgage Regulatory Actions
BBB Rating
Number of BBB Positive Reviews
Number of BBB Neutral Reviews
Number of BBB Negative Reviews
Date Collected

Reputation - 8 / 10

Rate Marketplace works with qualified and reputable lenders at both the local and national level. However, we found that the rates offered were a few points higher than national averages. Though this can be offset by the fact that they provide five different quotes, this is something to be aware of.

Additional Details

Homepage URL
Company Phone
(650) 539-0387
Headquarters Address
1400 Fashion Island Blvd., Suite 310, San Mateo, CA, 94404
Mailing Address
1400 Fashion Island Blvd., Suite 310, San Mateo, CA, 94404
Year Founded

Leave a comment for Rate Marketplace Home Equity Loans
Minimum 12 words.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.

Our Partner
8.8 / 10
  • A+ BBB Accredited
  • Equal Housing Opportunity Lender
  • Multiple types of home equity loans offered
  • Large network of lenders to choose from
  • Get up to 5 free quotes
  • Easy Eligibility Requirements