What is a Deed-in-Lieu of Foreclosure? (#12) · Issues · Annie Jacoby / circaoldhouses

What is a Deed-in-Lieu of Foreclosure?

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What Is a Deed-in-Lieu of Foreclosure?

Why utilize LendingTree?

A deed in lieu of foreclosure involves a property owner moving ownership of their home to their mortgage loan provider instead (" in lieu") of going through the foreclosure process. It's just one method to avoid foreclosure, nevertheless, and isn't best for everyone dealing with difficulties making their mortgage payments.

How a deed in lieu of foreclosure works

A deed in lieu of foreclosure - likewise called a "mortgage release" - permits you to prevent the foreclosure procedure by launching you from your mortgage payment responsibility. You voluntarily offer up ownership of your home to your loan provider, and in doing so might have the ability to:

- Stay in your house longer

Avoid paying the difference between your home's value and your impressive loan balance
Get assistance covering your relocation costs

Lenders aren't obliged to accept a deed in lieu, but they often do to prevent the longer and more pricey foreclosure process.

Does a deed-in-lieu affect your credit?

Yes, a deed in lieu will negatively affect your credit score which effect will be roughly the like the effect of a brief sale or foreclosure. That's one reason that a deed in lieu is usually a last resort option. If you're qualified for a re-finance, mortgage modification, forbearance, lump-sum reinstatement or brief sale, you ought to pursue those alternatives first.

Deed in lieu of foreclosure procedure: 4 steps

1. Connect to your lending institution.

Let them understand the information of your situation and that you're considering a deed in lieu. You'll then complete an application and send supporting documentation about your income and expenses.

Based upon your application, the loan provider will examine:

- Your home's present worth
Your outstanding mortgage balance
Your financial difficulty
Your other liens on the residential or commercial property, if any

2. Create an exit plan.

If your loan provider agrees to the deed in lieu, you'll work with them to figure out the very best way for you to transition out of homeownership.

For instance, if you get a Fannie Mae mortgage release, your options will consist of leaving the home immediately, living there for up to three months rent-free or renting the home for 12 months. The lender may require that you try to offer the home before the deed in lieu can continue.

3. Transfer ownership.

To complete the process you'll sign files that transfer the residential or commercial property to your lender:

- A deed, the legal document that enables you to move ownership (or "legal title") of the residential or commercial property to someone else.
An estoppel affidavit, which spells out in information what you and your loan provider are consenting to. If your lender accepts forgive your deficiency - the difference in between your home's worth and your impressive loan amount - the estoppel affidavit will also show this.

Once you sign these, the home belongs to your lender and you will not have the ability to reclaim ownership.

4. Assess your tax situation.

If your lender consented to forgive a portion of your mortgage debt as part of the deed in lieu, you may need to pay income tax on that forgiven debt. You might prevent this tax if you certify for exemption under the Consolidated Appropriations Act (CAA). If you think you certify, seek advice from a tax specialist who can assist you nail down all the details.

If you do not qualify, be conscious that the IRS will understand about the earnings, since your lending institution is needed to report it on Form 1099-C.

Benefits and drawbacks of a deed in lieu of foreclosure

Pros

- Your outstanding mortgage debt may be forgiven
You might receive several thousand dollars in in relocation support
You may certify to remain in the home for approximately a year as a tenant
You'll have some personal privacy, given that the deed in lieu agreement isn't a matter of public record
You'll prevent the possibility of eviction

Cons

- You'll lose ownership of your residential or commercial property and ultimately need to vacate
Your credit report will reveal the deed in lieu for 7 years
Your credit rating might come by 50 to 125 points typically
You may need to pay the difference between your home's value and mortgage balance
You might need to pay taxes on any financial obligation your lending institution forgives as a part of the deed in lieu arrangement

What can avoid you from getting a deed in lieu?

Here are typical problems that make a deed in lieu inappropriate to numerous loan providers:

- Encumbrances, tax liens or judgments versus the residential or commercial property. Banks often do not wish to consent to a deed in lieu when the residential or commercial property has any legal action aside from the initial mortgage connected to it. In those cases, the lender has an incentive to go through foreclosure, as it'll eliminate at least some of these (for example, a foreclosure would clear any liens other than the initial loan).
Payment requirements. If the loan is owned by a mortgage-backed security, it's possible that it has a pooling and servicing contract (PSA) connected to it. If it does, the borrower might be needed to pay some amount toward the financial obligation in order for the owners of the mortgage-backed security to accept a deed in lieu.
Low home value. If your home has actually considerably depreciated in value, it might not make financial sense for the lender to concur to a deed in lieu. Lenders might pursue foreclosure instead if you're providing to hand over a home that has very little value, needs substantial repair work or isn't sellable.

Foreclosure or deed in lieu: Which is right for me?

- Typically causes your FICO Score to visit up to 160 points
- Will remain on your credit report for as much as 7 years.

- Typically causes your FICO Score to stop by 50 to 125 points.
- Will stay on your credit report for up to 7 years, however you may be able to qualify for a brand-new mortgage in as little as 2 years.
A deed in lieu may make good sense for you if:

- You're currently behind on your mortgage payments or anticipate to fall behind in the near future. - You're facing a long-lasting monetary hardship. - You're underwater on your mortgage (meaning that your loan balance is higher than the home's value). - You have actually recently filed for bankruptcy. - You either can't or do not wish to sell your home. - You do not have a great deal of equity in the home.

Foreclosure might make more sense for you if:

- You have significant equity - You have liens, encumbrances or judgments versus the residential or commercial property - Your loan provider isn't offering concessions, like moving help, more time in the home or release from your commitment to pay the deficiency

Another alternative to foreclosure: Short sale

As pointed out above, many people pursue a refinance, loan modification, mortgage forbearance or short sale before a deed in lieu. All of these choices, omitting a short sale, will allow you to remain in your home.

Deed in lieu vs. short sale

A short sale means you're offering your home for less than what you owe on your mortgage. This may be an option if you're underwater on your home and are having trouble offering it for a quantity that would settle your mortgage.

However, with a deed in lieu, you move ownership directly to your lending institution and not a common homebuyer.

- You must get approval from your loan provider
- You need to get approval from your lending institution
- Ownership transfers to the lending institution
- Ownership transfers to a purchaser
- You might owe the difference in between your home's assessed worth and loan quantity
- You might owe the distinction in between your home's sales rate and loan quantity
- You may receive relocation support
- You might qualify for relocation help
- Fairly straightforward and takes around 90 days
- Complex and generally takes over three months
- Your credit score may drop by 50 to 125 points
- Your credit rating might come by 85 to 160 points
Progressing after a deed in lieu of foreclosure

You might feel hopeless about your capability to purchase a home once again after signing a deed in lieu or losing a home to foreclosure. But fortunately is that, as long as you recuperate economically, you'll be able to get approved for a mortgage after a foreclosure or deed in lieu.

Each loan type has its own necessary waiting periods and qualification requirements for purchasers who have a deed in lieu on their record, listed in the table below. Most waiting periods are the very same for a deed in lieu and a foreclosure.

View mortgage loan provides from up to 5 loan providers in minutes

Advertising Disclosures

Disclosure 1

Free LendingTree Services - Disclosure present since 20-May-24

LendingTree is compensated by companies on this website and this compensation might affect how and where offers appear on this website (such as the order). LendingTree does not include all loan providers, cost savings items, or loan options offered in the market.

What portion of LendingTree's services in connection with my loan request is complimentary?

There is no cost to send a loan demand, get matched with lenders and receive conditional loan deals or quotes. You might examine the conditional loan offers or quotes and speak with the lending institutions at no cost. Naturally, the lender you select may need a cost to process your official loan application, appraisal, and/or credit report, but up until you accept pay the loan provider any fee(s), you may go shopping with LendingTree at no charge.

How does LendingTree get paid?

LendingTree does not charge you, the customer, a charge for its services. Who pays our bills? The loan provider. Obviously, you will be responsible for paying any loan processing, closing expenses or other charges to the lending institution with whom you close.

LendingTree Advertisement Disclosure:

LENDINGTREE, LLC IS A MARKETING LEAD GENERATOR AND IS An APPROPRIATELY LICENSED MORTGAGE BROKER, AS REQUIRED BY LAW, WITH ITS MAIN OFFICE LOCATED AT 1415 DRIVE, SUITE 700, CHARLOTTE, NC 28203, PHONE NUMBER 1-800-555-8733.

For an existing list of relevant state licensing and disclosures, click Licenses and Disclosures or require information.

LendingTree, LLC NMLS Unique Identifier # 1136; AL Mortgage Brokers License # 8694; AK Mortgage Broker/Lender License #AK 1136; AZ Mortgage Broker License # 0902469; AR Mortgage Broker License # 24441; CA Department of Financial Protection & Innovation, CA Financing Law License # 6037234; CO Mortgage Company Registration Regulated by the Division of Real Estate, NMLS ID # 1136; CT Mortgage Broker License # 4164 - MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER; CT Small Lender License #SLC -1136; DE Broker License # 010996; DC Mortgage Broker License #MLB 1136; FL Mortgage Broker License #MBR 1298; GA Mortgage Broker/Processor License/Registration # 12989; HI Mortgage Loan Originator Company License #HI -1136; ID Mortgage Broker/Lender License #MBL -893; IL Residential Mortgage License #MB.0005433; IN-SOS Loan Broker License # 1136; IA Mortgage Broker License # 741; KS Mortgage Company License #MC.0002279; KY Mortgage Broker License #MB 17994; LA Residential Mortgage Lending License # 189; ME Loan Broker License # 1136; MD Mortgage Lender License # 1136; MA Mortgage Broker License #MB 1136 - LendingTree sets up however does not make loans; MA Small Lender License #SL 0533; MI 1st Mortgage Broker License #FL 0016258, second Mortgage Broker Registrant #SR 0016259; MN Residential Mortgage Originator License #MN-MO-40127258; MS Mortgage Broker License # 1136; MO Mortgage Company License # 1136, NMLS # 1136, 4509 Lemay Ferry Rd., St. Louis, MO 63129; MT Mortgage Broker License # 1097; NE Mortgage Banker License # 1517; NV Mortgage Company License # 1698, NV Bus. ID NV20051235630, Las Vegas Bus. License #P 50-02291; NH Mortgage Broker License # 1136MBR; NH Small Loan Lender License # 1136SM; NJ Residential Mortgage Broker License # 0801779 - LendingTree does not make mortgage loans or dedications or money any mortgage loans; NM Mortgage Loan Company License # 00395; NM Small Loan Company License # 2048; NY - LT Technologies in lieu of real name LendingTree, LLC, Registered Mortgage Broker - NYS Department of Financial Services License #RMB 208974 - LendingTree organizes mortgage loans with third-party providers; NC Mortgage Broker License #B -113401; ND Residential Mortgage Lender License #ML 104625; ND Money Broker License #MB 100817; OH Residential Mortgage Lending Act Certificate of Registration #RM.802159.000, 1210 Louden St. # 2, Cincinnati, OH 45202; OK Mortgage Broker License #MB 002490; OK Credit Services Organization License #CSO 00394; OR Mortgage Lending License #ML -1862; OR Consumer Finance License # 0420-001-C; PA Mortgage Broker License # 20298; RI Loan Broker License # 20062113LB; SC Mortgage Broker License #MB -0504600, SC Branch Location NMLS ID # 234375; SD Foreign Corporation Entity #FL 002607; SD Mortgage Brokerage License # 1136. MB; TN Mortgage License # 1136; TN Industrial Loan and Thrift Company Registration # 1136; TX SML Mortgage Company License, NMLS ID # 1136, Mr. Shan Guo Residential Mortgage Loan Originator # 300978, 6300 Stonewood Dr, Ste. 406, Plano, TX 75024; UT DRE Mortgage Entity License # 5489470-NMLC; VT Mortgage Broker License # 0055 MB; VA Mortgage Broker License #MC -1052; WA Mortgage Broker License #MB -1136; WV Mortgage Broker License #MB -20020; WI Mortgage Broker License # 2630BR; WY Mortgage Broker License # 838. Licensing information last amended on 02-Apr-25.

Advertised Terms and Information

- The information and disclosures above relate to promoted terms made by or through LendingTree. - Interest rates and terms are from a lender or lenders with whom LendingTree may match you and that offer the specific item. The disclosures are existing as of the date indicated. - LendingTree is not a loan provider in any transaction and does not make loans, loan dedications or lock-rates. All credit choices, consisting of loan approval and the conditional rates and terms you are provided, are the obligation of the taking part lenders and will vary based upon your loan demand, your specific monetary circumstance, and requirements identified by the lending institutions to whom you are matched. Not all consumers will receive the marketed rates and terms. APR may remain in lieu of refunds or incentives. Dealer involvement might affect consumer expense. - You may not be matched with a lending institution making a particular conditional loan offer, and LendingTree does not ensure that any lending institution will make you a conditional loan offer. LendingTree arranges for multiple conditional loan offers through its network of nonaffiliated lending institutions. See the Terms of Use Agreement for more information. The Terms of Use Agreement governs these marketed Terms and Information. - FICO score means the FICO credit rating report that a loan provider gets from a consumer reporting agency.
youtube.com

[foreclosurelistingsusa.com](https://www.foreclosurelistingsusa.com/orangeburg-sc/) What Is a Deed-in-Lieu of Foreclosure? 
 Why [utilize LendingTree](https://atworldproperties.co.za)? 
 A deed in lieu of foreclosure involves a property owner moving ownership of their home to their mortgage loan provider instead (" in lieu") of going through the foreclosure process. It's just one method to avoid foreclosure, nevertheless, and isn't best for everyone dealing with difficulties making their mortgage payments. 
 How a deed in lieu of foreclosure works 
 A deed in lieu of foreclosure - likewise called a "mortgage release" - permits you to prevent the foreclosure procedure by launching you from your mortgage payment responsibility. You voluntarily offer up ownership of your home to your loan provider, and in doing so might have the ability to: 
 - Stay in your house longer
- Avoid paying the difference between your home's value and your impressive loan balance
- Get assistance covering your relocation costs 
 [Lenders aren't](https://costaricafsbo.com) obliged to accept a deed in lieu, but they often do to prevent the longer and more pricey foreclosure process. 
 Does a deed-in-lieu affect your credit? 
 Yes, a deed in lieu will negatively affect your credit score which effect will be roughly the like the effect of a brief sale or foreclosure. That's one reason that a deed in lieu is usually a last resort option. If you're qualified for a re-finance, mortgage modification, forbearance, lump-sum reinstatement or brief sale, you ought to pursue those alternatives first. 
 Deed in lieu of foreclosure procedure: 4 steps 
 1. Connect to your lending institution. 
 Let them understand the information of your situation and that you're considering a deed in lieu. You'll then complete an application and send supporting documentation about your income and expenses. 
 Based upon your application, the loan provider will examine: 
 - Your home's present worth
- Your outstanding mortgage balance
- Your financial difficulty
- Your other liens on the residential or [commercial](https://landpointgroup.com) property, if any 
 2. Create an exit plan. 
 If your loan provider agrees to the deed in lieu, you'll work with them to figure out the very best way for you to transition out of homeownership. 
 For instance, if you get a [Fannie Mae](https://ivoryafrica.com) mortgage release, your options will consist of leaving the home immediately, living there for up to three months rent-free or renting the home for 12 months. The lender may require that you try to offer the home before the deed in lieu can continue. 
 3. Transfer ownership. 
 To complete the process you'll sign files that transfer the residential or commercial property to your lender: 
 - A deed, the legal document that enables you to move ownership (or "legal title") of the residential or commercial property to someone else.
- An estoppel affidavit, which spells out in information what you and your loan provider are consenting to. If your lender accepts forgive your deficiency - the difference in between your home's worth and your impressive loan amount - the estoppel affidavit will also show this. 
 Once you sign these, the home belongs to your lender and you will not have the ability to reclaim ownership. 
 4. Assess your tax situation. 
 If your lender consented to forgive a portion of your mortgage debt as part of the deed in lieu, you may need to pay income tax on that forgiven debt. You might prevent this tax if you certify for exemption under the Consolidated Appropriations Act (CAA). If you think you certify, seek advice from a tax specialist who can assist you nail down all the details. 
 If you do not qualify, be conscious that the IRS will understand about the earnings, since your lending institution is needed to report it on Form 1099-C. 
 Benefits and drawbacks of a deed in lieu of foreclosure 
 Pros 
 - Your outstanding mortgage debt may be forgiven
- You might receive several thousand dollars in in relocation support
- You may [certify](http://dowlingproperties.com) to remain in the home for approximately a year as a tenant
- You'll have some [personal](https://sigmarover.com) privacy, given that the deed in lieu agreement isn't a matter of public record
- You'll prevent the possibility of eviction 
 Cons 
 - You'll lose ownership of your residential or commercial property and ultimately need to vacate
- Your credit report will reveal the deed in lieu for 7 years
- Your credit rating might come by 50 to 125 points typically
- You may need to pay the difference between your home's value and mortgage balance
- You might need to pay taxes on any financial obligation your lending institution forgives as a part of the deed in lieu arrangement 
 What can avoid you from getting a deed in lieu? 
 Here are typical problems that make a deed in lieu inappropriate to numerous loan providers: 
 - Encumbrances, tax liens or judgments versus the residential or commercial property. Banks often do not wish to consent to a deed in lieu when the [residential](https://www.bgrealtylv.com) or commercial property has any legal action aside from the initial mortgage connected to it. In those cases, the lender has an incentive to go through foreclosure, as it'll eliminate at least some of these (for example, a foreclosure would clear any liens other than the initial loan).
- Payment requirements. If the loan is owned by a mortgage-backed security, it's possible that it has a pooling and servicing contract (PSA) connected to it. If it does, the borrower might be needed to pay some amount toward the financial obligation in order for the owners of the mortgage-backed security to accept a deed in lieu.
- Low home value. If your home has actually considerably depreciated in value, it might not make financial sense for the lender to concur to a deed in lieu. Lenders might pursue foreclosure instead if you're providing to hand over a home that has very little value, needs substantial repair work or isn't sellable. 
 Foreclosure or deed in lieu: Which is right for me? 
 - Typically causes your FICO Score to visit up to 160 points
 - Will remain on your credit report for as much as 7 years.
 
- Typically causes your FICO Score to stop by 50 to 125 points.
 - Will stay on your credit report for up to 7 years, however you may be able to qualify for a brand-new mortgage in as little as 2 years.
 
A deed in lieu may make good sense for you if: 
 - You're currently behind on your mortgage payments or anticipate to fall behind in the near future.
- You're facing a long-lasting monetary hardship.
- You're underwater on your mortgage (meaning that your loan balance is higher than the home's value).
- You have actually recently filed for [bankruptcy](https://fourfrontestates.com).
- You either can't or do not wish to sell your home.
- You do not have a great deal of equity in the home. 
 Foreclosure might make more sense for you if: 
 - You have significant equity
- You have liens, encumbrances or judgments versus the residential or commercial property
- Your loan provider isn't offering concessions, like moving help, more time in the home or release from your commitment to pay the deficiency 
 Another alternative to foreclosure: Short sale 
 As pointed out above, many people pursue a refinance, loan modification, mortgage forbearance or short sale before a deed in lieu. All of these choices, omitting a short sale, will allow you to remain in your home. 
 Deed in lieu vs. short sale 
 A short sale means you're offering your home for less than what you owe on your mortgage. This may be an option if you're underwater on your home and are having trouble offering it for a quantity that would settle your mortgage. 
 However, with a deed in lieu, you move ownership directly to your lending institution and not a common homebuyer. 
 - You must get approval from your loan provider
 
- You need to get approval from your lending institution
 
- Ownership transfers to the lending institution
 
- Ownership transfers to a purchaser
 
- You might owe the difference in between your home's assessed worth and loan quantity
 
- You might owe the distinction in between your home's sales rate and loan quantity
 
- You may receive relocation support
 
- You might qualify for relocation help
 
- Fairly straightforward and takes around 90 days
 
- Complex and generally takes over three months
 
- Your credit score may drop by 50 to 125 points
 
- Your credit rating might come by 85 to 160 points
 
Progressing after a deed in lieu of foreclosure 
 You might feel hopeless about your capability to purchase a home once again after signing a deed in lieu or losing a home to foreclosure. But fortunately is that, as long as you recuperate economically, you'll be able to get approved for a mortgage after a foreclosure or deed in lieu. 
 Each loan type has its own necessary waiting periods and qualification requirements for purchasers who have a deed in lieu on their record, listed in the table below. Most waiting periods are the very same for a deed in lieu and a foreclosure. 
 View mortgage loan provides from up to 5 loan providers in minutes 
 Advertising Disclosures 
 Disclosure 1 
 Free LendingTree Services - Disclosure present since 20-May-24 
 LendingTree is compensated by companies on this website and this [compensation](https://watermark-bangkok.com) might affect how and where offers appear on this website (such as the order). LendingTree does not include all loan providers, cost savings items, or loan options offered in the market. 
 What portion of LendingTree's services in [connection](https://stayandhomely.com) with my loan request is complimentary? 
 There is no cost to send a loan demand, get matched with lenders and receive conditional loan deals or quotes. You might examine the conditional loan offers or quotes and speak with the lending institutions at no cost. Naturally, the lender you select may need a cost to process your official loan application, appraisal, and/or credit report, but up until you accept pay the loan provider any fee(s), you may go shopping with [LendingTree](https://therealoasis.com) at no charge. 
 How does LendingTree get paid? 
 LendingTree does not charge you, the customer, a charge for its services. Who pays our bills? The loan provider. Obviously, you will be responsible for paying any loan processing, closing expenses or other charges to the lending institution with whom you close. 
 LendingTree Advertisement Disclosure: 
 LENDINGTREE, LLC IS A MARKETING LEAD GENERATOR AND IS An APPROPRIATELY LICENSED MORTGAGE BROKER, AS REQUIRED BY LAW, WITH ITS MAIN OFFICE LOCATED AT 1415 DRIVE, SUITE 700, CHARLOTTE, NC 28203, PHONE NUMBER 1-800-555-8733. 
 For an existing list of relevant state licensing and disclosures, click Licenses and Disclosures or require information. 
 LendingTree, LLC NMLS Unique Identifier # 1136; AL Mortgage Brokers License # 8694;
AK Mortgage Broker/Lender License #AK 1136; AZ Mortgage Broker License # 0902469;
AR Mortgage Broker License # 24441; CA Department of Financial Protection & Innovation, CA Financing Law License # 6037234; CO Mortgage Company Registration Regulated by the Division of Real Estate, NMLS ID # 1136; CT Mortgage Broker License # 4164 - MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER; CT Small Lender License #SLC -1136; DE Broker License # 010996; [DC Mortgage](https://blue-shark.ae) Broker License #MLB 1136; FL Mortgage Broker License #MBR 1298; GA Mortgage Broker/Processor License/Registration # 12989; HI Mortgage Loan Originator Company License #HI -1136; ID Mortgage Broker/Lender License #MBL -893; IL Residential Mortgage License #MB.0005433; IN-SOS Loan Broker License # 1136; IA Mortgage Broker License # 741; KS Mortgage Company License #MC.0002279; KY Mortgage Broker License #MB 17994; LA Residential Mortgage Lending License # 189; ME Loan Broker License # 1136; MD Mortgage Lender License # 1136; MA Mortgage Broker License #MB 1136 - LendingTree sets up however does not make loans; MA Small Lender License #SL 0533; MI 1st Mortgage Broker License #FL 0016258, second Mortgage Broker Registrant #SR 0016259; MN Residential Mortgage Originator License #MN-MO-40127258; MS Mortgage Broker License # 1136; MO Mortgage Company License # 1136, NMLS # 1136, 4509 Lemay Ferry Rd., St. Louis, MO 63129; MT Mortgage Broker License # 1097; NE Mortgage Banker License # 1517; NV Mortgage Company License # 1698, NV Bus. ID NV20051235630, Las Vegas Bus. License #P 50-02291; NH Mortgage Broker License # 1136MBR; NH Small Loan Lender License # 1136SM; NJ Residential [Mortgage](https://rsw-haus.de) Broker License # 0801779 - LendingTree does not make mortgage loans or dedications or money any mortgage loans; NM Mortgage Loan Company License # 00395; NM Small Loan Company License # 2048; NY - LT Technologies in lieu of real name LendingTree, LLC, Registered Mortgage Broker - NYS Department of Financial Services License #RMB 208974 - LendingTree organizes mortgage loans with third-party providers; NC Mortgage Broker License #B -113401; ND Residential Mortgage Lender License #ML 104625; ND Money Broker License #MB 100817; OH Residential Mortgage Lending Act Certificate of Registration #RM.802159.000, 1210 Louden St. # 2, Cincinnati, OH 45202; OK Mortgage Broker License #MB 002490; OK Credit Services Organization License #CSO 00394; OR Mortgage Lending License #ML -1862; OR Consumer Finance License # 0420-001-C; PA Mortgage Broker License # 20298; RI Loan Broker License # 20062113LB; SC Mortgage Broker License #MB -0504600, SC Branch Location NMLS ID # 234375; SD Foreign Corporation Entity #FL 002607; SD Mortgage Brokerage License # 1136. MB; TN Mortgage License # 1136; TN Industrial Loan and Thrift Company Registration # 1136; TX SML Mortgage Company License, NMLS ID # 1136, Mr. Shan Guo Residential Mortgage Loan Originator # 300978, 6300 Stonewood Dr, Ste. 406, Plano, TX 75024; UT DRE Mortgage Entity License # 5489470-NMLC; VT Mortgage Broker License # 0055 MB; VA Mortgage Broker License #MC -1052; WA Mortgage Broker License #MB -1136; WV Mortgage Broker License #MB -20020; WI Mortgage Broker License # 2630BR; WY Mortgage Broker License # 838. Licensing information last amended on 02-Apr-25. 
 Advertised Terms and Information 
 - The information and disclosures above relate to promoted terms made by or through LendingTree.
- Interest rates and terms are from a lender or lenders with whom LendingTree may match you and that offer the specific item. The disclosures are existing as of the date indicated.
- LendingTree is not a loan provider in any transaction and does not make loans, loan dedications or lock-rates. All credit choices, consisting of loan approval and the conditional rates and terms you are provided, are the obligation of the taking part lenders and will vary based upon your loan demand, your specific monetary circumstance, and requirements identified by the lending institutions to whom you are matched. Not all consumers will receive the marketed rates and terms. APR may remain in lieu of refunds or incentives. Dealer involvement might affect consumer expense.
- You may not be matched with a lending institution making a particular conditional loan offer, and LendingTree does not ensure that any lending institution will make you a conditional loan offer. LendingTree arranges for multiple conditional loan offers through its network of nonaffiliated lending institutions. See the Terms of Use Agreement for more information. The Terms of Use Agreement governs these marketed Terms and Information.
- FICO score means the FICO credit rating report that a loan provider gets from a consumer reporting agency. [youtube.com](https://www.youtube.com/watch?v=2OPmdbtqrrA)