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LendingTree

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6.1

Overall Score

Author: Kalicia Bateman

LAST UPDATED: April 20th, 2022

Founded in 1996, LendingTree is an online mortgage loan marketplace, providing a list of multiple lenders to easily compare rates and fees. The company provides lending services for mortgages, auto loans, business loans, personal loans, and more. 

LendingTree offers nationwide coverage so you can use the company as your lending marketplace regardless of your state of residence. To access a list of mortgage lenders, consumers need to fill out a form before receiving personalized rates and terms. 

Continue reading for a full review of this mortgage company or jump down to read LendingTree mortgage reviews.

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The Good

  • Multiple Loan Options
  • Competitive Mortgage Rates
  • Educational Resources

Multiple Loan Options

LendingTree allows customers to view multiple home loan options simultaneously from various lenders - LendingTree doesn't originate home loans. 

LendingTree provides free and easy comparisons entirely online and is available to consumers in all 50 states. The company displays interest rates and fees from many of the top mortgage lenders in the country. 

Lending Tree provides the following loan types through its mortgage lender network:

  • Conventional loan
  • 30 and 15-year fixed mortgages
  • Adjustable rate mortgage loan (ARM)
  • FHA loan
  • VA loan
  • USDA loan
  • Jumbo loan
  • Home refinance loan
  • Reverse mortgage loan
  • Home equity loan

The variety of options allows customers to find the loan type that best fits their needs.

Competitive Mortgage Rates

As a mortgage marketplace, LendingTree puts its network of lenders in direct competition with one another. Because of this competition, lenders are more likely to provide lower rates and terms to catch the attention of the consumer.

It is important to note that while you may receive more competitive rates when you apply for a home loan with LendingTree, the rates and terms you will receive are dependent upon multiple factors, including your credit score and debt-to-income ratio (DTI) — the lowest rate can't be guaranteed.

Educational Resources

LendingTree offers a wide selection of educational resources on its website, which is useful for customers who are new to home loans. The company provides tools for checking your home's value, deciding between renting and buying, and several interactive financial calculators. 

In addition, you can find a glossary of common mortgage terms on its website, as well as mortgage news and articles.

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The Bad

  • Personal Info Required

Personal Info Required

In order to access a list of mortgage lenders, prospective buyers must provide their city and state, loan amount, annual income, employment status, credit score, date of birth, bankruptcy and foreclosure history, and street address. All of this information is crucial for a lender to have in order to determine eligibility, interest rate, and beyond, but it would be helpful for users to be able to see a list of lenders before sharing their information. 

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The Bottom Line

LendingTree is a reliable platform to shop around for a mortgage loan, allowing a borrower to secure a  favorable interest rate on their chosen loan product. After filling out an information form, the company displays mortgage rates from several different companies at once so the consumer can compare lenders all at once.

One downside of the LendingTree platform is that your personal information is required before receiving access to a list of compatible mortgage lenders. Keep in mind that you'll likely want to verify fees and additional costs directly with each lender before going through with the mortgage, since rates are subject to change. 

LendingTree mortgage reviews are currently limited, but they are a mix of 5 and 1-star ratings. One large customer complaint is that you may get  inundated with calls since your information will be shared with third parties. However, many customers speak to LendingTree's competitive rates and fast funding times.

Read LendingTree reviews from real customers below. 

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Star Rating

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4.0

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38 Reviews

Review Breakdown

5 grade

61%

4 grade

11%

3 grade

11%

2 grade

3%

1 grade

16%

Sentiment Criteria

Value

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Quality

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Service

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Trustworthiness

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Review Source

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L Hill Chicago, IL

Lending Tree was the perfect choice for us as first time home owners looking for a fixed rate that matched our credit. The process can be overwhelming and confusing but it was alot easier thanks to this lender. We had a great loan officer that took us step by step of the most are process with no stone unturned.

4 years ago

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Karen Torino Tallahassee, FL

LendingTree is great for many loans, but their mortgage loans really are the best. The site is easy to use and customer service is great at helping you get what you need. Strongly recommend using this site for anyone trying to buy a home.

4 years ago

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Santow Shamon Gurnee, IL

I was browsing for a small personal loan and came across lending tree. Very easy to get started and I had loan options in minutes. They offer you choices of different lending companies with their rates and terms upfront. I've had two loans myself within three years. You receive your money within days. Excellent customer service.

5 years ago Edited September 14, 2021

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Michigander101 Macomb, MI

LendingTree is very supportive and has helped me to understand the ins and out of my mortgage. They never act as if my questions are silly. They treat me with dignity and are always positive.

4 years ago

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Tony Irizarry Buffalo, NY

Outstanding customer service and a very easy loan process. Able to customize loan and also great working with people that actually understand what you expect and need from a lender.

5 years ago

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Bored420 Brazil, IN

This was an awesome experience! It was such a great help for me. The process wasn't hard. I received my money very quickly.

4 years ago

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Jay F Dassow Wautoma, WI

Considering the time of year, especially with the holidays, I thought the service and turnaround was exceptionally fast.

7 years ago

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Rob Ellensburg, WA

Very professional to the point lending program with the best rates out there. Super easy and convenient all the way to closing with no pressure .

7 years ago

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Harold Spencer Macomb, MI

LendingTree was really helpful in helping me get a mortgage with my poor credit history. I am repairing my credit but will always be a customer of LendingTree.

4 years ago

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Carolyn Hazleton, PA

Competitive rates very informative information on their website. Customer service answered all my questions and they keep you updated on any rate changes.

4 years ago

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Jacob Sterling, VA

The process was very smooth and very quick. Everyone involved were extremely helpful. Highly recommend.

7 years ago

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Allan Sivils Virginia Beach, VA

Excellent experience. Sean and Colin were great. Great turn around and amazing customer service. thanks!

7 years ago

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Chad Edgar Wentzville, MO

I'm so glad I've gotten a hold of them when I needed the mortgage most no matter my credit score they were pleased to help me

4 years ago

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MURPHY HILL Germantown, MD

It was a great experience working with Lendingtree . They're fast friendly and easy to work with.

7 years ago

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Sharon La Crosse, WI

They gather all the paperwork and walk you thru it as quick and painless as possible. Fees are very reasonable.

5 years ago

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AKMarvalous Wasilla, AK

I used LendingTree for a refinance. LendingTree helped find me the best mortgage company to suit my needs.

5 years ago

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Debbie Farrow ,

They have a great and easy website that is easy to use to calculate your credit rating without getting a credit ding.

5 years ago

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Shari Sandoz Ord, NE

Always very responsive when trying to get in touch with them.

7 years ago

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Noa Ranoa Encinitas, CA

Twice is a charm. Two loans and twice paid off. Low interest... Low fees.... equal A+

4 years ago

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joe iovino Brooksville, FL

GOOD INFORMATIVE SIGHT EVERYTHING SPELLED OUT,VERY ACCURATE,WOULD HIGHLY RECOMMEND

5 years ago

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Kelly Zemrose Tampa, FL

Super easy to use and takes much less time than doing the research yourself. I plan to use again.

6 years ago

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J B Sandy, UT

Perfect place to compare rates when I'm looking to refi my mortgage

4 years ago

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Marci Randall Sandy, UT

Easy and simple are two words to describe

4 years ago