LendingTree Reviews

The process for applying for a loan through LendingTree is simple. It only takes a few minutes to prequalify. Once you do, you’ll be matched with the best lenders based on the information you’ve provided.

During the online process, you’ll be asked how much you’d like to borrow. From there, fill in the form with information such as:

• Full name
• Address
• Phone number
• Email address
• Residence type (rent or own)
• Date of birth
• Credit score (or an estimated range)
• Current employment status
• Current income
• Whether you’re applying with a co-signer
• Last 4 digits of your Social Security Number

Applying with a co-borrower isn’t required, but it can increase your approval odds, especially if your credit score or income aren’t very high. A co-borrower could get you better interest rates and terms depending on their credit profile.

The pre-qualification process doesn’t affect your credit score, but it may show up as a soft inquiry. Once you choose a loan offer and apply for it, that specific lender will run a hard credit check.

After submitting the pre-qualification form, you’ll receive a list of potential offers from LendingTree’s network. These offers will include the loan amount, estimated monthly payment, loan term (in years), and customer ratings. If you want to limit the number of offers, simply use LendingTree’s filter. This tool can be especially useful if you’re looking for a specific APR or loan term.

To get started with debt relief, fill out a short online questionnaire on LendingTree’s main site. Indicate what type of loan you’re looking for and how you intend to use the funds. You’ll also need to provide some personal information, including your full name, address, and birthdate. LendingTree uses this information to conduct a soft credit pull (doesn’t hurt your credit) and match you with prospective lenders. The entire prequalification process only takes a few minutes or so.

Once you’ve chosen a lender, complete their application process. Typically, lenders will require more information regarding the loan you need, your income, identity, and credit history. After applying, expect to see a hard credit inquiry into your credit. If approved for financing, you may receive funds within 24 hours.

To apply for a home loan through LendingTree, start by selecting the type of property you want to buy. Options include:

• Single-family home
• Condominium
• Multi-family home
• Townhome
• Manufactured or mobile home

Next, answer some general questions to help with the process. This includes things like:

• Where the potential property is located
• Where you’re at in the home-buying process
• How much money you’re willing to spend
• Current income and employment status
• Estimated credit score and history (including any bankruptcies and foreclosures)
• Where you have a bank account (optional)

Once you’ve answered everything and created an account, LendingTree will conduct a soft credit inquiry that won’t affect your score. Then, it will give you a list of loan types and rates, based on your profile. Most applicants receive four or five potential offers. Take your time to go over the offers before applying for one.

Applying for a preliminary offer may mean agreeing to a phone call from prospective home loan companies, so keep this in mind. Make sure you write down and double verify everything from the phone call with the written offer.

Although every lender is different, you may need to provide the following documents to apply for a loan:

• Pay stubs from the past 30 days
• W-2s for the past 2 years
• Bank statements for the past 60 days
• 2 years’ worth of federal tax returns
• 1099 forms (if self-employed)
• Verification of employment – this should include the company name, position title, and salary
• Proof of assets (ex. investments, dividends, pension statements, social security income, etc.)
• Signed purchase agreement
• Gift letter (if applicable)

Applying for an auto loan or refinancing through LendingTree begins with a quick online prequalification process. Start by answering a few questions, such as:

• Type of loan – purchase, refinance, or lease buy out
• Desired loan term – 1 to 7 years
• Potential down payment
• Desired loan amount
• Make of the vehicle (ex. Dodge, Ford, Honda, etc.)
• Whether the vehicle is new or used
• Year and model of the vehicle (ex. Mustang, Ranger, EcoSport)
• Vehicle’s trim and other details
• Whether you’ve already found a vehicle you’re interested in purchasing
• Date of birth
• Any past bankruptcies in the past 7 years
• Estimated credit score (range)
• Employment status (ex. full-time, student, retired)
• Job and employer information (ex. start date, job title, etc.)
• Pre-tax annual income
• Any other assets
• Full name

LendingTree uses the provided information to help you find a good offer. Even if you don’t have all the details now, you can still tweak or add them later.

Upon completing the prequalification process, create an account and provide some additional details about yourself and living arrangements. Once you’ve followed all the prompts, you’ll be shown a list of preapproved offers. Choose the best one and apply directly on the lender’s website.

Keep in mind that prequalification doesn’t affect your credit score. However, applying for a loan will require a hard inquiry.

LendingTree’s application process begins with a few standard questions about your financing needs and business. These include:

• Business type (ex. Limited Liability Company, S Corporation, etc.)
• How much money you need
• Purpose of financing
• When you need the funds
• Business start date
• Business’ average monthly revenue
• Business industry
• Your name, phone number, email address, and zip code

Once you’ve filled out the application, you’ll be presented with a quote from up to 5 of LendingTree’s partner lenders. Review each offer and, if one fits your needs, head over to that lender’s application to complete the financing process.

Certain loans, such as the SBA loans, have a more involved process. Additionally, you may need to upload additional documents verifying your information (ex. proof of revenue and business plan).

Upon applying, expect the lender to run a hard inquiry into your credit report. If approved, the lender will send you an official offer for your review. Funding, then, depends on the lender and can take anywhere from 24 hours to several weeks.