Compare LendingTree vs. loanDepot Home Equity Loans

What’s the difference between LendingTree Home Equity Loans and loanDepot Home Equity Loans? See how our editors compare the two companies below.
Last Updated: December 05, 2017
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LendingTree
9.7 / 10 - Excellent
#1 in Home Equity Loans
loanDepot
9.1 / 10 - Excellent
#5 in Home Equity Loans
vs

Key Facts

  • Our #1 Choice, A- with the BBB
  • Rates as low as 4.09% APR
  • Make your home improvements that add value to your home
  • Get cash for a large purchase
  • Pay for college
  • Consolidate debt
  • When banks compete, you win!
  • Loan from $25,000 up to $250,000
  • Flexible terms of up to 15 years
  • Does not affect your low 1st mortgage rate
  • Fast closing in just days
  • Cash out up to 90% loan to value
  • A+ BBB Accredited
  • Equal Housing Lender

 


OVERALL RATINGS

 LendingTreeloanDepot
Loans10/109/10
Qualifications10/109/10
Reputation9/1010/10
Consumer Experience10/109/10

Loans Compared

 LendingTreeloanDepot
Lender Type
3rd Party Marketplace
Online Lender
Loan Types Available
Home Equity Loan
Home Equity Line of Credit
Cash-out Refinance
Home Equity Loan
Cash-out Refinance
Home Equity Loan Fixed Rates Starting At
4.09%
Max HELOC Draw Period
20 years
HELOC Fixed Rates Starting At
3.24%
Cash-out Refinance Terms
15, 30 years
10, 15, 20, 30, 40 Years
Cash-out Refinance Fixed Rates Starting At
Depends on the lender.
Origination Fee
Depends on the lender.
1% to 5% of the total loan amount
Closing Fee
Depends on the lender.
Maintenance Fee
Depends on the lender.
Application Fee
Depends on the lender.

Qualification Differences

 LendingTreeloanDepot
Loan Qualifications
Property Appraisal
Proof of Employment
Primary Residence
Property Appraisal
Proof of Employment
Primary Residence
Minimum Home Equity
80%
90%

Customer Experience

 LendingTreeloanDepot
Site Features & Technology
Home Equity Calculator
Mobile App
Online Application
Online Quote
Home Equity Calculator
Online Application
Online Quote

Reputation

 LendingTreeloanDepot
Average Mortgage Size
$252,160
$221,200
Nationwide Mortgage Licensing System ID
1136
174457
Nationwide Mortgage Regulatory Actions
2
2
Trust Pilot Rating
9.4 out of 10
8.3 out of 10
BBB Rating
A-
A
Number of BBB Positive Reviews
55
447
Number of BBB Neutral Reviews
10
9
Number of BBB Negative Reviews
53
178
Date Collected
2017-08-17
2017-08-17

Additional Details

 LendingTreeloanDepot
Homepage URL
Company Phone
(800) 813-4620
(888) 983-3250
Headquarters Address
11115 Rushmore Drive, Charlotte, NC, 28277
26642 Towne Centre Dr, Foothill Ranch, CA, 92610
Mailing Address
11115 Rushmore Drive, Charlotte, NC, 28277
P.O. Box 11733, Newark, NJ, 07101
Year Founded
1997
1995

Final Verdict

LendingTree Home Equity Loans has a higher overall rating than loanDepot Home Equity Loans. LendingTree scores better than loanDepot across: Loans, Qualifications, Customer Support, and Consumer Experience. However, loanDepot scores better on Reputation. Both companies score similarly on Services, and Loan Details.


Customer Comments & Reviews

J
Jake T
Los Angeles, California
5/19/2017
LendingTree Home Equity Loans review
I had an amazing time getting a loan with Lendingtree. They made it easy, fast and affordable. I am definitely going to recommend them to all my friends and family. My wife is super happy too and I'm not paying a crazy interest rate.


L
Lawrence C
Maryland Heights, Missouri
3/3/2017
LendingTree Home Equity Loans review
Looking for the BEST home equity loan--shop no further. Call John Lacy at Royal United Mortgage (317-912-1497) or email him at John.Lacy@royalunited.com. This loan advisor and his company deserve a six-star rating for their generous terms, lowest interest rate, closing speed (2-4 weeks!) and most of all, integrity--a rare characteristic in today's world. You don't even need to shop around--just call John--he's a genuine straight-shooter who delivers MORE than he promises. There, I just saved you all weeks of looking at mediocre lenders. Ask for John Lacy, and tell him Larry Connor sent you to him.


C
Colt
Los Angeles, California
1/2/2017
loanDepot Home Equity Loans review
Really liked it and am very interested