Lenda Mortgage Review

Disclosure: We receive advertising revenue from some partners. 
Learn more.
Founded in 2012, Lenda is a direct lender and mortgage bank that currently operates in 5 states: CA, OR, WA, CO and TX. The company offers an online portal for homeowners and homebuyers applying for a mortgage, mortgage refinance, cash-out refinance, and other types of home loans. Lenda is rated A+ by the BBB and Fair Housing and Equal Opportunity Lender.

Types of Home Loans Offered

Loans are only available for residential properties. All loans are Fixed Rate Mortgages. Lenda does not offer Adjustable Rate Mortgages.

Fixed Rate Mortgage

  • 10-year fixed rate
  • 15-year fixed rate
  • 20-year fixed rate
  • 25-year fixed rate
  • 30-year fixed rate

* Lenda offers purchase mortgages and refinancing, including cash-out refinance.

How Does It Work

Lenda’s proprietary software makes applying for a home loan quick and easy. Homebuyers and homeowners could quickly get pre-qualified and compare rates easily. The loan process is performed entirely online and available 24/7. Dedicated representatives are also ready to help from application to closing.   

  1. Get pre-qualified
  2. Get pre-approved
  3. Shop and compare quotes
  4. Lock your rate
  5. Get funding

Qualifying for a Loan

  • 620 credit score
  • The subject property must be in a State that Lenda lends in. Lenda currently only operates in California, Colorado, Oregon, Texas, and Washington
  • Lenda determines a borrower’s eligibility based on debt-to-income ratio, credit history and employment history
  • $75,000 minimum loan amount

Closing Costs

Home loan quotes include an estimated breakdown of fees and closing costs. Unlike most mortgage lenders, Lenda does not charge origination fees. Its online quote tool also gives a more detailed insight into how much your home purchase is going to cost you. Estimates can also be adjusted by adding discount points another feature not commonly found in similar home loan tools.

Getting a Home Loan at Lenda

Lenda is a perfect fit for homebuyers and homeowners searching for a fast, transparent and convenient home loan process. Its proprietary technology gives you the option of processing your loans quickly or at your own pace. Dedicated representatives also make it a more personal experience, with help available in every step of the way.


Leave a comment for Lenda Mortgage
Minimum 2-3 sentences.
 No maximum length.
* What's Your Rating?
To make this comment as helpful as possible for our community, please provide at least 2 sentences.

Top Rated
Our Partner
9.8 / 10
  • Our #1 Choice, A+ Rating with the BBB
  • Rates as low as 3.25% APR (15 yr fixed)
  • Compare quotes from up to 5 lenders for free in minutes
  • Save time, view offers online, and get your free credit score
  • More than 40 million customers served
  • When banks compete, you win!