Compare loanDepot vs. Rate Marketplace Home Equity Loans

What’s the difference between loanDepot Home Equity Loans and Rate Marketplace Home Equity Loans? See how our editors compare the two companies below.
Last Updated: May 22, 2018
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loanDepot
9.2 / 10 - Excellent
no_rank
Rate Marketplace
8.8 / 10 - Excellent
#9 in Home Equity Loans
vs

Key Facts

  • 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

 

  • 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

OVERALL RATINGS

 loanDepotRate Marketplace
Loans9/109/10
Qualifications9/109/10
Reputation10/108/10
Consumer Experience9/109/10

Loans Compared

 loanDepotRate Marketplace
Lender Type
Online Lender
3rd Party Marketplace
Loan Types Available
Home Equity Loan
Cash-out Refinance
Home Equity Loan
Cash-out Refinance
Minimum Home Equity Loan
$25,000
Maximum Home Equity Loan
$250,000
Home Equity Loan Max Term
15 years
Cash-out Refinance Terms
10, 15, 20, 30, 40 Years
Origination Fee
1% to 5% of the total loan amount

Qualification Differences

 loanDepotRate Marketplace
Loan Qualifications
Property Appraisal
Proof of Employment
Primary Residence
Second Home
Property Appraisal
Proof of Employment
Primary Residence
Minimum Home Equity
90%

Customer Experience

 loanDepotRate Marketplace
Total Consumer Financial Protection Bureau Complaints
37
Total CFPB Complaints/Originations
0.1
Site Features & Technology
Home Equity Calculator
Online Application
Online Quote
Online Quote

Reputation

 loanDepotRate Marketplace
Total Originations (in millions)
$7,970
Number of Originations
36,000
Average Mortgage Size
$221,200
Memberships & Accreditations
Equal Opportunity Lender
Insured by Federal Housing Administration
Nationwide Mortgage Licensing System ID
174457
1137890
Nationwide Mortgage Regulatory Actions
2
1
Trust Pilot Rating
8.3 out of 10
BBB Rating
A
A-
Number of BBB Positive Reviews
447
0
Number of BBB Neutral Reviews
9
0
Number of BBB Negative Reviews
178
9
Date Collected
2017-08-17
2017-08-17

Additional Details

 loanDepotRate Marketplace
Homepage URL
Company Phone
(888) 983-3250
(650) 539-0387
Headquarters Address
26642 Towne Centre Dr, Foothill Ranch, CA, 92610
1400 Fashion Island Blvd., Suite 310, San Mateo, CA, 94404
Mailing Address
P.O. Box 11733, Newark, NJ, 07101
1400 Fashion Island Blvd., Suite 310, San Mateo, CA, 94404
Year Founded
1995
2013

Final Verdict

loanDepot Home Equity Loans has a higher overall rating than Rate Marketplace Home Equity Loans. loanDepot scores better than Rate Marketplace across: Reputation, and Consumer Experience. Both companies score similarly on Loans, and Qualifications.


Customer Comments & Reviews

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