These guys are amazing. Once you're approved in their system, when you find a deal, everything moves super fast, reasonable rates and closing fee. I don't think you can do better any where else! Good luck to you all.
Recently moved our fix&flip business to LendingHome and could not be more pleased, as they have some of the lowest rates in the industry with high LTVs. Anyone looking for an experienced single family lender that works FAST within 72 hours, use LendingHome!!
I just had a deal cancelled by a buyer after a month and a half of work. The buyer jumped through every hoop they outlined including asking the seller for multiple changes to contracts and pricing. This not only jeopardized the closing but forced me to spend money closing the deal personally so I could honor my Seller. It was a horrible experience and people should be aware of their practices and last minute cancellations of an already "approved" deal.
Funded my first flip with them, everyone I worked with was great. Uploading files was simple, I was able to get them every document they needed outside of proof of insurance in one day. Never had any issues contacting anyone, and was kept in the loop throughout the process. Overall a great experience
Great company to work with. Fast, helpful, reasonable fees/costs.
Stay away from this company, they will take your application money, and ask you the same paperwork over and over. We just lost a deal and our earnest money because of them. All they want is your $350 Application fee. They will keep playing and ask you for things they know you can't get just to kill time. One of my worse experience ever since I've been in this business. I'm telling you people, stay away unless you wanna waste time, money and energy. I should have read they review before going into business with them.
I am an investor. This is one of the WORST platforms I have invested in. Rates are down to <6% with borrower down payments close to 10%. Too many loans are delinquent and not paying off on time. Steer away from this platform for investments.
As an agent this was truly the worst experience with a lender I have ever had. Their lack of communication was laughable. We were originally supposed to close July 31st and we did not close until September 10th. There was an absolute zero sense of urgency even though we were months behind schedule. Up until the very last day there were hickups and struggles due to the lenders lack of attention. I urge anyone to save yourself the trouble and do not use Lendinghome
Very easy to work with. Everything went the way they said it would. I like these guys. I will use them again!
Super low 30 year rate and kept in constant contact with me through a really quick residential closing. The underwriters asked for a thousand documents, but they do that regardless of the lender. Really good experience overall.
Do not invest with LendingHome. This platform is worst than PeerStreet (both are bad for investors). LendingHome does not disclose their fees or the borrower information. They don't report delinquent loans to credit agencies giving a free rider to borrowers at your expense!
Very efficent, friendly staff. Loan couldnt have gone smoother. They really go the extra mile!
Beware of this lender. They make assurances and agreement to do one thing in exchange for an elevated and unreasonable payment, then once that payment is made, they don't honor their word and give you the "canned" speech runaround. Unfortunate, since they appear to be nice and friendly on the surface. Will not help you - only themselves. Report to Feds !
Ray Williamson with LH is the bomb! Got my loan closed in 6 days. Will definitely use them again.
I have worked with lending home on several occasions to help place my clients in the right loan product. They provide a great opportunity to obtain investment capital for your real estate projects.
Excellent products and support to get the deal closed. The real deal for investing.
Fast and easy process, will definitely continue to bring future business to LendingHome - highly recommended.
Had a great first experience getting the loan set up and in place. My rep and the corporate staff were on it and very responsive to my needs. Closed in very short order with reasonable rates and room for that to improve with each additional loan.
Great team at Lending Home. They have a great system and great communication from contract to closing.
I would never invest money with them again. No transparency and poor communication.
Garbage company. Liars. Thieves and swindlers. BEWARE!. RUN AWAY!
Great experience. Rate as promised. Great communication with loan officers. No surprises!!
LendingHome is the only way to go for Hard Money Bridge Loans at Low Low Rates. Robby Rydinski and team are extremely fast and always get back to me with the latest updates. I ve closed loans as quick as Four Days from start to finish once I had Title and Insurance in Place. I wouldn t use anyone else for my Bridge Loan needs, LendingHome Rocks!!
Not sure why they make it hard but they do. They tell you one thing and than a few days later, you get a different story. Makes it hard to get anything done as you are not sure what is real and what is not.
I think they either need to train their people better or find new people.
I would highly recommend Lending Home to anyone looking to do business in the fix and flip space. There terms are competitive and their underwriting process is efficient and reasonable. They are goos to work with and approach deals with a team mentality. They have a fantastic online portal and will help you grow your business.
I have worked with Lending Home for several years now and would highly recommend them. They offer great service, competitive rates and can close quickly.
They were fast and transparent. I will use them again and again.
I have worked with LendingHome for about a year and a half now and they continue to be the best lending experience I've had to date. They have great resources and everything is online and easy to use. Their staff is kind, efficient and knowledgeable.
Lack of communication and they don't lend on most rentals unlike what they advertise, (they won't lend on anything with an HOA , so no condos, townhouses, apartments, and any single family homes in or near a community). How do advertise making rental loans when you don't lend on the VAST majority of rentals?
Avoid!
I've had nothing but good experiences. Their website is awesome and the account managers follow up. I've used them for many investment properties.
Great customer service and quick turn around, I used LendingHome several times and usually we can close in less than 2 weeks!
Just closed my first deal with LendingHome. Ryan Chong was very helpful and responsive throughout the process. All other staffs worked diligently to meet closing date. Would definitely use again and recommend to others.
Great company with solid rates. These guys have their processes down and always improving. So easy to work with
They are a total scam. I paid 1200 for the application fee and 1200 for an appraisal and got nothing except my time wasted. Once all my documents were in and closing time approached, they kept passing me on to another representative and asking Dir the same documents over and over until they decided to stop responding and lost my deposit. On Zillow they literally have fake positive reviews but if you read the negative ones you can read in details how they have scammed others stay Away!
D'Monte was incredibly helpful throughout the home buying process and was able to answer all of my questions. I appreciated all his efforts to ensure that I obtained a loan that best satisfied my situations. I would definitely recommend Lending Home.
The service and experience is great! Transactions is fast and customers are well accommodated :)
My company recently closed its first loan with lending home. The process was very simple and hassle free. This is without a doubt a 5 star lender and they have amazing rates as well. We invest in Kansas City and they are now my "go to" hard money lender in Missouri. As soon as they are able to lend in Kansas they will get all my Kansas loans as well.
Great Program and Super Fast Hassle Free Closings...Thank You!
Look no further
Great service from start to finish and very competitive financing terms!
Great company to work with. Great systems. Easy process.
Lowest rates found in online search and reasonable costs. Fast, efficient service. Good people but new software still has some issues - being addressed, I've been assured.
Did what they said they would do. Took a little longer than expected but that may have been because my setup is a little more complicated.
I've been working with LendingHome for a while now and they are great communicators and work to make things happen. Highly recommend!
On fix/flip products: Horrible servicing, 3 month extension fees for 1 month after 12 months is HIGH. High rates on fix/flip and you pay interest on undrawn construction from closing. Every couple weeks a different representative calls you, no dedicated client advisor. LendingHome is based to satisfy their investors on funding your loan and they do no care about borrower relationships. If you want to waste money on your deals: Use Lendinghome !
We've secured the loan and signed the paperwork, but we're still in the process (this is a construction loan). To-date it's been a good experience. The usual "we need one more document" was expected. There were a few "clarification of situation" phone calls towards the end that made me nervous about whether the loan was going to go through (after a LOT of work on the front end) and then I wouldn't hear, "Yes, everything is fine," to assuage my nerves. The No News is Good News adage applies, which can be frustrating. Also, this is a VERY expensive loan and there were many more fees than I anticipated on the final HUD at closing. These fees are probably standard to the practice, but some appeared at the 11th hour and by that point you're stuck. When they estimate $5-6K for closing costs, those are THEIR closing costs, not the ENTIRE closing costs, which actually more than doubled the total fees. I needed this loan so there was nothing to be done but pay it (it came out of the proceeds), but there is a lump in my throat over the extensive costs to close the loan. Be prepared. Ask for more up-front so you have what you need in the end.
Similar Experience to the other's who have issues. They don't communicate or hit the deadlines they promise. They also refused to send over the documents required for closing to the title company. Terrible to deal with and I couldn't recommend to anyone.
Best hard money Leander. Very professional and outstanding service.
Incredible company. Been using them for almost a year now for all of my flips and I tell everyone about them.
Lots of delays and extremely unresponsive. Worked with dozens of lenders and this was by far the worst.
LendingHome makes it easy for us to do business in a very competitive market. They are extremely quick and efficient when it comes to closing on time with short escrows.
Very good experience as an investor borrower, a great team of knowledge professionals
What is advertised as a streamlined and efficient process is anything but. Document requirements change 30 days into process without explanation. Unexplained failures to close happen over and over, delay after delay. Lie after lie. The worst company I've ever worked with for any product.
Run as far and fast away from this horrible company as you possibly can.
Fantastic Lender! Preformed on almost a 1MM loan in the time they said they would from the initial call. Great communication. Had a very good experience. Will definitely use them again.
My personal experience with Lendinghome is excellent. They have helped us grow our business and achieve our goals. They have very good customer service. They always answer our concerns and questions.
Lendinghome process is very easy to follow and use, they close quickly and the communication it's excellent. Keeping you informed every step of the process. I aready have a second loan with them while I'm working on the first. I think they will be my go to lender for future projects.
Always a very seamless process, Do yourself a favor and get them on your RE Investing team!
Awesome, easy process! Great rates, quick closing!!
Great first time experience with Lending Homes. Our loan originator Michael Rico made our loan and rehab purchase a breeze. The online portal lets you know exactly what needs to be submitted and any questions we had were answered promptly.
The whole process was very straightforward and one of the easiest transactions I've ever had closing on a house.
I will definitely be bringing my future projects to Lending Homes. Highly recommended.
Worst experience!!!! Do. Not. Use. This company is completely incompetent. They delayed my closing 3 times!!! I lost the house I wanted to purchase because of these ppl. They went with an appraising company that took nearly 3 wks to get to the property. Asked for documentation that was submitted repeatedly and could not get a simple letter to commit to closing to the right party in the time given. Never use this company if you want to get into property investing. All the time and money that went into this deal was done in vain.
I'm an investor. Right now sitting with three of four loans not paying. Including an A rated loan in non payment. One borrower has declared bankruptcy so this will drag on for months. Almost no information from LH about what they are doing about this.
Very friendly, fast and helpful. Great rates for a bridge loan. I'm thrilled with my experience with them. Will definitely use them again!
Overall very good experience from start to finish, although I had to personally keep in touch with all parties to ensure closing was as schedule.
Will certainly do business again with Lendinghome.
Lending Home has been an tremendous resource for our real estate investing company in the Tampa / St Pete area of Florida. Our account Rep (Mike Rico) has been a big help guiding us their the loan process making it as smooth as a few clicks of a mouse.
I've closed 4 loans with them so far and I really like them. Fees and rates are reasonable and they close pretty quickly.
LendingHome has been a great source of lending for my investment homes. The rates and fees are very fair, and the most important thing for me is the simplicity of the process and the responsiveness to get loans closed quickly. I highly recommend their services.
Stay away. Not good for rehabbers. I will never use this company again I advise you do the same. They hold your funds for to long. They cost us to much money, Dont allow seconds liens. My two cents
I happen to do mortgage financing for a living. I used Lending home as a consumer for 3 property purchase that were closing concurrenctly. What a huge mistake. On the surface, they look like a slick private money fund with technology that should provide for the highest levels of efficiency. Underneath the hood, they are the absolute opposite; a mess. They didn't fund any of the loans on time so I had to buy the properties with my own cash to save my earnest money deposit. (What if I didn't have it?) I even asked if they could refinance my cash back out. They said yes but after more of the same old delays I quickly figured out this company is not the ready to do business. RUN and HIDE from this company.
Have done many deals with them and never has a single one ever gone smoothly. They always miss the closing date causing major problems for the buyer. Constant issues the entire time and it never gets funded properly. I would highly recommend finding other sources for funding.
They do a great Job closing loans on time! Thank-you big time!
GREAT company that is easy to work with. They make the purchasing process seamless.
word of caution, Run away as far and as fast as you can from this outfit. Amateur loan officers who are not well trained on basic steps of reviewing loan files. they "pre-approved" me (I use that word very lightly) on a deal, submitted offer, offer accepted by seller, going into escrow only to have them tell me I did not have enough trade lines open ( credit accounts like credit cards, etc).This is a basic step in loan underwriting from a loan officer standpoint, and even this they fumbled. we both could have avoided wasting precious time. I had been asking them if the loan would approve from the get go and the attitude was more like "yeah yeah...offcourse it will" lesson learned: AVOID AVOID AVOID and deal with local lenders in your area who are experienced. positive reviews must be from their employees.
Fast, smooth, and efficient
I closed my first deal with lendinghome just few weeks ago in Rochester, NY. This is a very good lender especially if you are an investor who is looking to close your loans fast since good deals don't wait for regular bankers who take their sweet time to collect indefinite documents . Lendinghome has a very different approach that is very simple yet crucial and it relies on a very simple concept: the property is their collateral so they don't need piles of documents or stupid mortgage conditions (yes, I kid you not!).They also lend rehab costs, which is an added advantage. I have had a very great experience with Kate, Patrick and Daniel. Kate is my go to person for most questions and she has always got back to me in a timely manner. The whole team was on top of their game, they knew what they needed to do, they followed up and connected different parties (the attorneys, the realtors ...etc) with each other if needed to keep everyone on the same page, and they just get things done. That team can help you close in 7 days! This is a great lender for what it is intended for , which is fast acquisition of good deals or fix and flip projects. If you use them to acquire properties that need some rehab then you will gain instant equity. You can use that instant equity if you cash out refinance the property.
Fast an efficient process, requested a 2week period and the responsiveness of the loan officers was truly awesome. Website was also a great way to track progress and fill out forms. Highly recommend LendingHome
I am a California Mortgage Broker and as a broker a really appreciate when a wholesale lender reaches out to you to make sure you are on track to close your loan. minimum paperwork, excellent commission opportunity and the whole team from the Broker Experience Manager, David Ho to Loan Analyst, Jessica Wilbur and Funder, Lauryn Turk an overall a great Broker experience.
I was hit with a TOE and LendingHome went out of the way to make sure it closes on time so I don't loose my deposit!! Usually their time frame for approval is 3-4 days and with me they did it in one day!! I had a great experience and I'm highly recommending now anyone I know to work with them when it comes to hard money!! It was a pleasure working with them!!
TERRIBLE. Absolutely the worst hard money lender I have worked with to date. They took a month for their valuation team to determine they couldn t loan on the property because it was too rural. We are scheduled to close on December 4th. They already ordered the title work and insurance. I am absolutely mind blown at how terrible and unprofessional this company is. They never contact you when they need more information (you have to check the online portal), they do not provide any updates, and now when we are primed to close they back out of the deal. Do yourself a HUGE favor and AVOID AT ALL COSTS.
Save your time and money - avoid Lendinghome. They position themselves as a fix and flip lender yet they know nothing of the business. Their draw process is administered by flunkies who don't understand construction. You pay interest on monies they don't release. Their interest rates are higher than most hard money local sources yet they underwrite like FHA. There is a reason they churn through employees - this company stinks.
Just completed my first loan with LendingHome and I would wholeheartedly recommend them to other investors. Better rates than my local HM lenders, and communication was great throughout the whole loan process.
I have done 5 Flip loans so far and Lending Home has been great. Their people are professionals and its obvious that they have their act together.
Worked with lending on a fix and flip loan, the entire process from start to closing was easy! Highly recommend. Hassle free process and everything disclosed upfront.
I am on loan #3 with them so far in the last 6 months. Time consuming to get approved, but once you got approved you can close on a deal in under 12 days. No other lender I have worked with can do that. They do disclose the origination and service fee upfront so there are no surprises at closing. The fees may seem high, but certainty to close on time is very important and so far lendinghome has performed. I did escrow rehab funds upfront on my first 2 deals, but I won't anymore. You pay interest on the undrawn capital, and it seems like a slightly burdensome process with added fees to draw from the rehab funds. If you have a good pipeline of deal flow, I highly reccomend lendinghome's platform.
Was at the closing date, we had been waiting for 2 1/2 weeks for process and UW to come back with closing conditions. Instead they came back with a completely different rate and term. Stating that I wasn t a top tier borrow. Keep in mind, im I m busy for 12 years and flipped of 50 properties! As well as extending the closing date to end of the next month! Which was out of the question. Spent upfront 300.00 for each property. (I have 6) haven t got that money back yet. Never use them! Let s put them out of business. I know many people who have not done any deals with this company after trying.
As an aggressive investor I have relied on Lending Home products to support my business. They are the best in the business for institutional hard money!
I am here to tell you I just closed on an investment mortgage with Lending Home.
I have been involved in real estate for almost 50 years and residential mortgages for over 30 years.
The people who I worked with were very professional from the initial application and through the closing.
The expenses that were to be paid to Lending Home at application were the same that was paid at closing. I was told what was required of me to get the mortgage in process. Once I supplied the complete information, the loan was put in process. And the loan closed with no issues.
And the closing package at the closing attorneys office 2 days before closing.
And I never had this happen to me before. Either for myself or any mortgage that I originated.
Since I was able to provide real estate that I purchased by providing recorded deed information.
The person who helped me all through the mortgage process, went back and had my rate of interest reduced because of my experience.
Now if that is how to be taken advantage of as a consumer.
Then I will be happy again at my next closing with Lending Home
In closing I am James P. DeMare who is in the real estate business in Charlotte NC. Not to be confused with any other James P. DeMare
Lending Home is a great resource for investors that are looking for access to capital for fix and flip loans
Really easy to do business with and will work with you when you do enough volume.
lendinghome.com