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Author: Kaitlyn Short

LAST UPDATED: October 1st, 2019

LendingTree provides a list of lenders to easily compare loan offers. 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.

Regarding VA loans specifically, LendingTree’s VA loans page gives helpful information for anyone needing it and LoanExplorer displays sample mortgage rate quotes with loan pricing data, rates, and fees provided by third-party data providers. While consumers need to fill out a form prior to receiving personalized rates and terms, the information provided at the outset is a good place to start when looking for a VA loan.

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The Good

  • View Comparisons
  • Competitive Rates
  • Consumer Education


View Comparisons


LendingTree allows customers to view multiple home loan offers simultaneously (from outside lenders, as LendingTree does not offer loans). The company displays interest rates and APRs from many of the top mortgage lenders in the country. LendingTree provides free and easy comparisons entirely online and is available to consumers in all 50 states.


Competitive Rates

LendingTree displays rates from multiple lending companies. The company shows varying APR and interest rates for a variety of VA lenders. This puts you in the position where lenders need to compete for your business.


Consumer Education


LendingTree provides as much detailed information as possible to prospective borrowers. The VA loans page goes into meticulous detail about the loan process, pros and cons of VA loans, and eligibility specifics for service members (active duty, National Guard and Reserve, and special circumstances), veterans (WWII, Post-WWII, Post-Korean War, Vietnam War, Post-Vietnam War, 24-month rule, and Gulf War), spouses, and other circumstances.

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 determine eligibility, interest rate, and beyond, but it would be helpful for users to be able to see a list of lenders (even if not specific offers) before sharing their information.

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The Bottom Line

LendingTree is a good source to reference several different VA lenders before committing to one. After filling out an information form, the company displays mortgage rates from several different companies so the consumer can compare lenders all at once.

Since LendingTree is a lender comparison site rather than a direct lender, keep in mind that you'll want to verify fees and additional costs directly with each lender before going through with the mortgage.

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Anonymous

Easiest way to refinance. Need to take cash out to upgrade my kitchen. Paul was quick to check on what would be best. He also informed be about VA loans and what he can make sure happens once I close. I was able to close in 45 from start to finish. Got the cash out I needed to upgrade my kitchen and the guys are banging away and driving my dog crazy adding the modifications. Thanks Paul

5 years ago