LendingTree Review

Overall Score 4.3 out of 5

Overall Score 4.3 out of 5

Personalized Score out of 5

Summary

If you are struggling to choose the right lender, we recommend giving LendingTree a try. As the largest online marketplace of its kind, they have the years of experience and sophisticated technology necessary to quickly find their users custom options when it comes to home equity or HELOC lenders.

Review Highlights:

  • Compare some of the top home equity lenders in one convenient place
  • Complete the inquiry form in just 2 minutes, then get your results
  • Find low-cost loan options with ease

Ratings Highlights

Overall
LendingTree's customer reviews speak volumes here. For homeowners finding it difficult to settle on a lender, their service cannot be valued highly enough. They make the search for a reputable lender easier and faster, which is what constitutes a positive loan-shopping experience.
Closing Costs
Closing costs and fees will vary by lender. Generally speaking, as they work to find you the absolute best loan options available, LendingTree prioritizes lenders offering loans with the lowest costs attached.
Loan Variety
Loan term options will vary by lender. Using a comparison service such as LendingTree is particularly advantageous to homeowners interested in comparing multiple loan types and term options as once.
Borrowing Limits
Borrowing limits will vary by lender.
Customer Service
LendingTree's customer service is applauded online. Reviewers say that the company is responsive, easy to work with, and overall helpful in the search for the right loan. Along with a fantastic staff, the company also offers a variety of helpful resources directly through their site, including loan calculators.
Fair Credit Score Suitability
Minimum Credit Score: Varies by lender
LendingTree makes it easy for homeowners to find a reputable lender. Be aware that most home equity loans do require a credit score of 620 or higher to qualify, however.
Higher Credit Score Suitability
If you've got a notably high credit score, LendingTree will take that into account when choosing lenders for you to compare. In other words, they will make a concerted effort to find you the lenders that actually provide benefits to homeowners with high credit scores, whether that's lower fees, higher loan amounts, or better service.

Company Background

Headquartered in North Carolina and founded in 1996, LendingTree is a convenient online marketplace that allows its users to compare rates on a wide variety of financial services/products. The brand strives to make financial services more accessible for all, and is currently the largest marketplace of its kind in the country.