LendingTree Home Equity Review

Best Marketplace

4.5 _/5

View Rates

Home Equity Loan

• Compare multiple home equity loans in one place
• Easy, streamlined application process
• No impact on credit score to explore options

• Options limited to home equity loan lenders in the LendingTree network
• May be bombarded with calls from lenders after filling out information

Rates (APR)	Starting at 6.50%
Loan amounts	$10,000 – $2 million, but vary by lender (and by borrower’s equity)
Repayment terms	5 – 30 years, but vary by lender
Min. credit score	620, but vary by lender

HELOCView Rates

Rates (APR)	Starting at 6.50%
Loan amounts	$10,000 – $2 million, but vary by lender (and by borrower’s equity)
Repayment terms	10 – 20 years, but vary by lender
Min. credit score	620, but vary by lender

LendingTree is an online marketplace for a variety of loans, including home equity loans and home equity lines of credit (HELOCs). LendingTree partners with more than 300 lenders to match borrowers with the right loan for their borrowing needs.

We like LendingTree for home equity loans and HELOCs because you can easily compare multiple loan options in one place without affecting your credit score. LendingTree displays loans with competitive rates and low fees and can seamlessly match you with lenders willing to lend the amount you’re looking for, with a repayment term you like.

The major drawback? LendingTree is compensated by some of the lenders it recommends, which can influence which companies it prioritizes when showing you options.

Below, we’ll explore LendingTree home equity loans and HELOCs in more detail.

Table of Contents

1. LendingTree home equity loans
2. LendingTree home equity line of credit
3. How do you get a home equity loan or HELOC from LendingTree?
4. LendingTree home equity customer reviews
5. LendingTree FAQ

LendingTree home equity loans

Best Marketplace

4.5 _/5

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Our take on LendingTree home equity loans

LendingTree connects borrowers with some of the best home equity loans available, making comparison shopping for loans fast and easy. Just note that LendingTree doesn’t show you every option available in the market. You’ll need to do more research for a fuller picture.

LendingTree home equity loan rates and terms

LendingTree is an online marketplace that lets you compare multiple home equity loan offers in one place. You can look at multiple home equity companies to analyze rates, fees, term lengths, and borrowing amounts side by side.

Rates vary among lenders and depend on your credit score and debt-to-income ratio, as well as current market conditions.

Rates are an important factor to consider when selecting a home equity loan, but you also want to review each lender’s fees. Home equity loan closing costs and fees might include an origination fee, appraisal fee, notary fee, and fees for tasks such as document preparation, title search, credit check, and recording.

Some lenders may cap your borrowing amount, so when comparing offers via LendingTree, only look at options that let you borrow what you need. Note that borrowing amounts will depend on the equity you’ve built in your home.

Term	Detail
Rates (APR)	Starting at 6.50% fixed
Loan amounts	$10,000 – $2 million, but vary by lender (and by borrower’s equity)
Repayment period	5 – 30 years
Fees	Vary by lender but could include origination and appraisal

Eligibility requirements

Each lender has unique requirements for approving home equity loan borrowers. LendingTree may show you offers regardless of whether you qualify. It’s important to do independent research before moving forward with a formal application; otherwise, you risk applying, getting rejected, and damaging your credit.

Lenders typically have minimum credit score thresholds (often 620, though it may be possible to get a home equity loan with bad credit), income requirements, and a maximum loan-to-value ratio (LTV). While lenders don’t often disclose income requirements, many set a clear 85% maximum LTV. However, some lenders available through LendingTree permit an LTV of 100%.

Requirement	Details
Min. credit score	620 generally, but varies by lender
Min. income	Varies by lender; often not disclosed
Max. LTV	85% generally, but varies by lender

How do LendingTree home equity loans compare to alternatives

LendingTree simplifies the process of finding a home equity loan by connecting you with multiple lenders in one place. It’s ideal if you want to compare rates and terms without applying separately to individual lenders. 

However, as a marketplace, LendingTree doesn’t originate loans, so your experience can vary based on the lenders you choose.

• If consistency and personalized service matter most, a HELOC from New American Funding might be a better fit. It focuses on guiding borrowers through the process with dedicated loan officers, ensuring clear communication and tailored support. Unlike LendingTree, where service levels depend on the lender, New American Funding maintains a uniform, borrower-first approach.
• Rocket Mortgage is also a strong contender for borrowers who value transparency and technology. Known for its user-friendly platform, Rocket Mortgage offers a streamlined application and a clear breakdown of rates and terms. It’s a great alternative if you prefer a direct, tech-driven process.

LendingTree is a helpful starting point for exploring multiple lenders at once. But if you already know your priorities, working directly with one of these top-rated options might provide a more straightforward and personalized experience.

For more insights, visit our best home equity loans page.

LendingTree home equity line of credit

Best Marketplace

4.5 _/5

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Our take on LendingTree HELOCs

LendingTree is an excellent way to compare multiple HELOC offers in one place rather than researching each lender independently. This can make the lending process faster and easier. But LendingTree may prioritize lenders based on compensation—meaning not every option shown may be the best for you.

LendingTree HELOC rates and terms

A home equity line of credit through LendingTree differs from a home equity loan. With a home equity loan, you’ll get one lump sum and then make payments on that amount, plus interest, throughout the agreed-upon term.

A HELOC has a draw period during which you can borrow only what you need—and then potentially borrow more later as needed. You’ll likely owe interest-only payments during this period. Once the draw period ends, you’ll enter the repayment period, during which you must make monthly payments to repay the amount you borrowed (principal) plus interest. 

Like LendingTree’s home equity loans, HELOC interest rates vary by lender but start at 6.50%. However, unlike home equity loans, HELOCs have variable interest rates that can fluctuate over time.

The amount you can borrow will depend on the lender and your equity. Repayment periods after the draw period often last between 10 and 20 years. Fees can vary by lender but might include an appraisal fee and an origination fee.

Term	Detail
Rates (APR)	Starting at 6.50% variable
Loan amounts	$10,000 – $2 million, but vary by lender (and by borrower’s equity)
Repayment period	10 – 20 years (after the draw period)
Fees	Vary by lender, but could include origination and appraisal

Eligibility requirements

As with home equity loans, HELOCs through LendingTree can vary in eligibility requirements because each lender has unique criteria.

Most lenders want to see a credit score of 620 or higher for home equity lines of credit. Lenders rarely publicize minimum income requirements, and max LTVs are usually 85% for HELOCs, but some of LendingTree’s lenders may go higher.

Requirement	Details
Min. credit score	620 generally, but varies by lender
Min. income	Varies by lender; often not disclosed
Max. LTV	85% generally, but varies by lender

How do LendingTree HELOCs compare to alternatives?

LendingTree saves time by allowing you to compare multiple offers in one place. It’s a solid choice if you’re shopping around for the best rate or are unsure where to start. However, its role as a marketplace means the experience depends on the lenders you choose, and it doesn’t offer the consistency you’d get from working directly with a single lender.

• If speed and simplicity are your priorities, Figure may be a better option. Figure offers a 100% digital process with transparent terms, making it easier to apply and often faster to access funds. Unlike LendingTree, Figure handles the process end-to-end, so there’s no variation in service.
• For borrowers who value personalized support, Aven stands out for its excellent customer reviews. Aven’s strong focus on service ensures a consistent and high-quality experience, which isn’t guaranteed when comparing multiple lenders through LendingTree.
• Bethpage Federal Credit Union is ideal for those who prefer credit unions’ lower fees and competitive rates. LendingTree may connect you with credit unions, but applying directly with Bethpage can streamline the process, especially if you’re already a member or eligible to join.

If you’re unsure what matters most—speed, service, or cost—LendingTree is an excellent starting point. However, if you already know your priorities, applying directly with one of these top-rated alternatives might save you time and deliver a better fit.

For more details, visit our recommendations for the best HELOCs.

How do you get a home equity loan or HELOC from LendingTree?

You don’t actually get a home equity loan or HELOC from LendingTree; LendingTree serves as a digital “middleman” to connect you with lenders that are well-suited to your needs. You’ll need to apply with those lenders to get the loan.

But the process of finding and comparing lenders via LendingTree is simple. Here’s how to do it:

1. Enter basic information on the LendingTree website

Before you can compare lenders for a home equity loan or line of credit, LendingTree asks basic questions to help better match you with the right lenders. Over the course of a few questions, you’ll need to input:

• The type of home you own (single-family, townhome, condominium, multi-family, or manufactured home)
• How you use the property (primary home, secondary home, or rental property)
• ZIP code (and eventually full address)
• What you’ll use the loan for
• Your estimated property value
• How many, if any, mortgages you have on the property
• Mortgage balances, if applicable
• How much you want to borrow
• An estimate of your credit score
• Your birth date
• Military status
• History of bankruptcy and foreclosures
• Your name and email address

2. Compare lenders

Based on this information, LendingTree will display several lenders it deems a match for your needs. You’ll be able to compare these lenders in one place, including estimated rates, fees, and term lengths.

“Estimated” is an important term here. LendingTree is neither prequalifying nor preapproving you for these loans. You’ll need to do more digging with each individual lender to determine what your actual rates, fees, and term lengths might be.

It’s up to you how much research you want to do beyond LendingTree before making a decision. You might feel comfortable enough with the offers shown to move forward, but you may also want to compare these lenders against a few others you find online or local banks and credit unions.

Tip

Lenders displayed to you via LendingTree have access to your information and may try to contact you via email or over the phone.

3. Choose a lender and apply

Once you’ve settled on a lender, you’ll leave the LendingTree site and apply on the lender’s own website.

You can’t apply through LendingTree, and LendingTree doesn’t originate or service your loan or line of credit.

LendingTree home equity customer reviews

LendingTree is convenient, but actual customers who have used the service to find home equity loans, HELOCs, personal loans, mortgages, and other financial products give it mixed reviews.

For instance, LendingTree has an A+ rating on Better Business Bureau (BBB), but don’t be fooled: That rating isn’t based on customer reviews. When you toggle to the reviews tab on its BBB listing, you’ll see just above 100 reviews and an average rating of 1 out of 5. LendingTree reviews on Trustpilot are more favorable; there, the online loan marketplace currently has 4.3 stars.

Outside of traditional consumer review sites, you can find customer reviews of LendingTree on forums such as Reddit. A quick search of Reddit’s personal finance subreddit, for instance, turns up a long list of customer complaints about LendingTree.

Platform	Rating	Number of reviews
Trustpilot	4.3/5	14,161
BBB	1/5	114

It’s important to note that many people tend to have negative opinions of lenders because of how expensive loans can be. Take each review with a grain of salt—and remember that people are more likely to leave a review when they’re unhappy than they are when they’re satisfied. (No one loves repaying a loan, so it’s rare to find LendingTree reviews with high praise.)

LendingTree FAQ

Does LendingTree hurt your credit?

LendingTree itself does not hurt your credit when you use its platform to compare loan offers. However, when you apply for a loan or HELOC with one of its partner lenders, the lender may perform a hard credit inquiry, which can lower your credit score by a few points.

Which credit score does LendingTree use?

LendingTree’s partner lenders may use different credit scoring models, but the most common one is the FICO score. Some lenders may also consider VantageScore or their proprietary scoring methods.

What is the minimum credit score I need to qualify for a home equity loan or HELOC on LendingTree?

The minimum credit score requirement varies by lender on LendingTree’s platform. Most lenders require a credit score of at least 620 for a home equity loan or HELOC, but some may have higher or lower thresholds based on their specific criteria.

How many home equity partners does LendingTree have?

LendingTree collaborates with a vast network of over 300 vetted lending partners to provide home equity loans and HELOCs.

While the specific partners may vary based on your location and individual financial profile, its partners include Figure and Rocket Mortgage.

The availability of these lenders may depend on your specific circumstances. We recommend using LendingTree’s platform to receive personalized offers from multiple lenders, allowing you to compare rates and terms to find the best fit for your needs.

How we rated LendingTree

Since 2018, LendEDU has evaluated home equity companies to help readers find the best home equity loans and HELOCs. Our latest analysis reviewed 850 data points from 34 lenders and financial institutions, with 25 data points collected from each. This information is gathered from company websites, online applications, public disclosures, customer reviews, and direct communication with company representatives.

These star ratings help us determine which companies are best for different situations. We don’t believe two companies can be the best for the same purpose, so we only show each best-for designation once.

Product	Best for	LendEDU rating
LendingTree home equity loan	Best Marketplace	4.5/5
LendingTree HELOC	Best Marketplace	4.5/5