Rating: 8.9 / 10 (Excellent)
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Founded in 2012, Lenda is an online platform offering competitive rates for mortgage finance and refinance loans. This San Francisco-based lender takes a modern approach to underwriting and delivers a streamlined application process that caters to tech-savvy borrowers. Lenda's pre-approval process comprises five simple steps and yields results in as little as one business day.

How is Lenda rated?


Loan Specifics
Customer Experience
Qualification Requirements
Lender Reputation

Overall Rating: 8.9 / 10 (Excellent)

Lenda is yet another direct lender marketing a hassle-free approach to mortgage loans. With no paperwork, no hidden fees, and no long waiting times, Lenda is ahead of the competition with regard to speed and convenience. The major drawback about their service is that it's only available in certain states and the company doesn't offer a very broad selection of loan products. Despite not being an option for a great majority of consumers, eligible applicants can expect this company to deliver on their promise of a transparent, easy-to-follow loan application process, and personalized assistance from start to finish.

Lenda Customer Experience

Loan Specifics - 9 / 10

Lenda currently offers fixed-rate mortgages and FHA loans for qualifying individuals residing in the states of Arizona, California, Colorado, Georgia, Illinois, Michigan, Oregon, Pennsylvania, Texas, and Washington. The company doesn't state what their loan limits are, yet being as they conform to underwriting guidelines stipulated by Fannie Mae and Freddie Mac, it's safe to assume the maximum amount for a home in a high-cost area can range from $679,000 to $1 million, depending on the size of the unit. The company offers pre-approval and prequalification for eligible applicants and states they do not charge an origination fee or brokers fees.

Types of Mortgage Loans Offered

  • Fixed Rate 10 Year
  • Fixed Rate 15 Year
  • Fixed Rate 20 Year
  • Fixed Rate 30 Year
  • FHA Fixed Rate

Minimum Loan Amount


Lenda Customer Experience

Customer Experience - 9 / 10

Lenda offers rate comparisons, quick quotes, and a straightforward application process that is as convenient as it is simple. Prospective customers looking to compare rates should keep in mind the company only services select states, offers a limited selection of loan products, and does not underwrite loans for under $85,000. Applicants can expect to start receiving loan offers in as little as one business day and have some additional tools at their disposal, such as a mortgage calculator and information on the types of loans the company offers.

Online Features

Online Application
Online Quote
Additional Tools and Resources
Mortgage Calculator
Help Articles
SSN Required for Quote

Decision and Closing Times

One business day

Lenda Qualification Requirements

Qualification Requirements - 8.5 / 10

Lenda fails to provide any details regarding their borrower qualification requirements, but it should be safe to assume their minimum FICO credit score is close to the 620 range. Like most lenders, the company will require proof of uninterrupted employment or stable income, yet is willing to work with self-employed borrowers.

Key Requirements at a Glance

Minimum FICO Score

Lenda Lender Reputation

Lender Reputation - 9 / 10

Lenda is a San Francisco-based direct lender founded in 2012. As a newcomer to the mortgage finance and refinance industry, the company has yet to establish itself among other top players offering similar products and services. Lenda is not accredited by the Better Business Bureau and holds an A+ rating with the organization based on a single negative review and two complaints. They don't appear to have a presence on Truspilot.com, but there are few other sources from which to judge their reputation as a lender.

Key Facts

Lender Type
Direct Lender
Year Founded
BBB Positive Reviews
BBB Negative Reviews
Collection Date

Complaints & Regulatory Actions

Nationwide Mortgage Licensing System ID
The Nationwide Mortgage Regulatory Actions

Company Profile

Full Name
Lenda Mortgage
Company Website
44 Tehama Street, San Francisco, CA, 94105

Top Rated
Our Partner
8.9 / 10
  • Get a loan estimate in minutes
  • Paperless processing requires no heavy paperwork
  • Help from dedicated mortgage advisors every step
  • Apply at your own pace with 24/7 online access
  • Shop and compare rates to find the best deal for you
  • No origination or broker fees