What is a Deed-in-Lieu of Foreclosure? (#6) · Issues · Monty Oram / turk

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 house owner moving ownership of their home to their mortgage lender rather (" in lieu") of going through the foreclosure process. It's simply one method to prevent 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" - allows you to prevent the foreclosure process by releasing you from your mortgage payment obligation. You willingly provide up ownership of your home to your loan provider, and in doing so might have the ability to:

- Remain in your house longer

Avoid paying the distinction in between your home's worth and your impressive loan balance
Get aid covering your moving costs

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

Does a deed-in-lieu impact your credit?

Yes, a deed in lieu will adversely affect your credit history and that impact will be roughly the exact same as the effect of a short sale or foreclosure. That's one reason that a deed in lieu is usually a last resort alternative. If you're eligible for a refinance, mortgage adjustment, forbearance, lump-sum reinstatement or short sale, you should pursue those choices first.

Deed in lieu of foreclosure procedure: 4 actions

1. Reach out to your lender.

Let them understand the information of your circumstance which you're considering a deed in lieu. You'll then submit an application and submit supporting documents about your income and expenses.

Based upon your application, the lending institution will evaluate:

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

2. Create an exit plan.

If your lending institution accepts the deed in lieu, you'll deal with them to determine the finest way for you to transition out of homeownership.

For example, if you get a Fannie Mae mortgage release, your options will consist of leaving the home instantly, living there for approximately three months rent-free or renting the home for 12 months. The loan provider may require that you attempt to sell your home before the deed in lieu can proceed.

3. Transfer ownership.

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

- A deed, the legal document that allows you to transfer ownership (or "legal title") of the residential or commercial property to somebody else.
An estoppel affidavit, which spells out in detail what you and your lender are agreeing to. If your lender accepts forgive your shortage - the distinction between your home's value and your exceptional loan quantity - the estoppel affidavit will likewise reflect this.

Once you sign these, the home belongs to your loan provider and you won't be able to recover ownership.

4. Assess your tax scenario.

If your lender accepted forgive a part of your mortgage financial obligation as part of the deed in lieu, you might need to pay earnings tax on that forgiven financial obligation. You may prevent this tax if you get approved for exemption under the Consolidated Appropriations Act (CAA). If you think you qualify, consult a tax specialist who can assist you nail down all the information.

If you do not certify, know that the IRS will understand about the earnings, since your lender is needed to report it on Form 1099-C.

Pros and cons of a deed in lieu of foreclosure

Pros

- Your impressive mortgage financial obligation might be forgiven
You may receive a number of thousand dollars in in moving support
You may qualify to stay in the home for as much as a year as an occupant
You'll have some privacy, considering that the deed in lieu agreement isn't a matter of public record
You'll avoid the possibility of eviction

Cons

- You'll lose ownership of your residential or commercial property and ultimately have to vacate
Your credit report will reveal the deed in lieu for 7 years
Your credit history may drop by 50 to 125 points usually
You might need to pay the distinction between your home's value and mortgage balance
You may have to pay taxes on any financial obligation your loan provider forgives as a part of the deed in lieu contract

What can prevent you from getting a deed in lieu?

Here are common issues that make a deed in lieu unacceptable to numerous loan providers:

- Encumbrances, tax liens or judgments versus the residential or commercial property. Banks often don't wish to agree to a deed in lieu when the residential or commercial property has any legal action besides the original mortgage connected to it. In those cases, the lending institution has an incentive to go through foreclosure, as it'll get rid of a minimum of some of these (for example, a foreclosure would clear any liens aside from 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 arrangement (PSA) attached to it. If it does, the borrower may be needed to pay some amount towards the financial obligation in order for the owners of the mortgage-backed security to consent to a deed in lieu.
Low home worth. If your home has actually significantly depreciated in worth, it might not make financial sense for the loan provider to accept a deed in lieu. Lenders might pursue foreclosure instead if you're offering to turn over a home that has really little worth, requires extensive repair work or isn't sellable.

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

- Typically causes your FICO Score to drop by up to 160 points
- Will remain on your for up to 7 years.

- Typically causes your FICO Score to visit 50 to 125 points.
- Will remain on your credit report for approximately 7 years, but you might have the ability to certify for a brand-new mortgage in just 2 years.
A deed in lieu might make good sense for you if:

- You're currently behind on your mortgage payments or expect to fall back in the future. - You're facing a long-term monetary challenge. - You're underwater on your mortgage (meaning that your loan balance is greater than the home's value). - You've just recently filed for insolvency. - You either can't or do not desire to offer your home. - You don't have a lot of equity in the home.

Foreclosure may make more sense for you if:

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

Another alternative to foreclosure: Short sale

As discussed above, a lot of people pursue a refinance, loan adjustment, mortgage forbearance or short sale before a deed in lieu. All of these alternatives, omitting a short sale, will enable you to remain in your home.

Deed in lieu vs. short sale

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

However, with a deed in lieu, you move ownership directly to your loan provider and not a typical homebuyer.

- You should get approval from your lender
- You must get approval from your lending institution
- Ownership transfers to the lender
- Ownership transfers to a purchaser
- You may owe the difference between your home's assessed value and loan amount
- You may owe the distinction in between your home's list prices and loan quantity
- You might certify for relocation assistance
- You might get approved for relocation help
- Fairly straightforward and takes around 90 days
- Complex and normally takes over 3 months
- Your credit history may visit 50 to 125 points
- Your credit report may come by 85 to 160 points
Progressing after a deed in lieu of foreclosure

You might feel helpless about your ability to buy a home again after signing a deed in lieu or losing a home to foreclosure. But the excellent news is that, as long as you recover financially, you'll have the ability to qualify for a mortgage after a foreclosure or deed in lieu.

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

View mortgage loan uses from as much as 5 lending institutions in minutes

Advertising Disclosures

Disclosure 1

Free LendingTree Services - Disclosure existing as of 20-May-24

LendingTree is compensated by companies on this site and this settlement may impact how and where offers appear on this site (such as the order). LendingTree does not include all lending institutions, savings products, or loan alternatives offered in the market.

What part of LendingTree's services in connection with my loan request is free?

There is no charge to send a loan demand, get matched with loan providers and receive conditional loan offers or quotes. You may evaluate the conditional loan offers or quotes and speak with the lending institutions at no charge. Obviously, the lending institution you pick might need a cost to process your formal loan application, appraisal, and/or credit report, however until you accept pay the lending institution any charge(s), you might patronize LendingTree at no charge.

How does LendingTree get paid?

LendingTree does not charge you, the customer, a charge for its services. Who pays our costs? The loan provider. Naturally, you will be accountable for paying any loan processing, closing expenses or other costs to the loan provider with whom you close.

LendingTree Advertisement Disclosure:

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

For an existing list of applicable state licensing and disclosures, click Licenses and Disclosures or call for 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 Loan Company 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 organizes 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 commitments or money any mortgage loans; NM Mortgage Loan Company License # 00395; NM Small Loan Company License # 2048; NY - LT Technologies in lieu of true name LendingTree, LLC, Registered Mortgage Broker - NYS Department of Financial Services License #RMB 208974 - LendingTree organizes mortgage loans with third-party companies; 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 modified on 02-Apr-25.

Advertised Terms and Information

- The information and disclosures above associate with marketed terms made by or through LendingTree. - Rates of interest and terms are from a lending institution or lending institutions with whom LendingTree might match you which offer the particular product. The disclosures are current since the date indicated. - LendingTree is not a lender in any deal and does not make loans, loan commitments or lock-rates. All credit choices, including loan approval and the conditional rates and terms you are used, are the responsibility of the taking part lenders and will differ based upon your loan demand, your particular monetary situation, and criteria figured out by the lenders to whom you are matched. Not all consumers will receive the marketed rates and terms. APR might be in lieu of refunds or rewards. Dealer participation may impact consumer cost. - You might not be matched with a loan provider making a particular conditional loan offer, and LendingTree does not ensure that any loan provider will make you a conditional loan offer. LendingTree organizes for multiple conditional loan deals through its network of nonaffiliated lending institutions. See the Regards To Use Agreement for more information. The Regards To Use Agreement governs these promoted Terms and Information. - FICO score means the FICO credit rating report that a loan provider gets from a customer reporting company.
soldnest.com

[reddit.com](https://www.reddit.com/r/realtors/comments/10jx9w5/finally_a_realtor_what_do_you_wish_you_wouldve/) What Is a Deed-in-Lieu of Foreclosure? 
 Why utilize LendingTree? 
 A deed in lieu of foreclosure involves a house owner moving ownership of their home to their mortgage lender rather (" in lieu") of going through the foreclosure process. It's simply one method to prevent 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" - allows you to prevent the foreclosure process by releasing you from your mortgage payment obligation. You [willingly provide](https://inmocosta.com) up ownership of your home to your loan provider, and in doing so might have the ability to: 
 - Remain in your house longer
- Avoid paying the distinction in between your home's worth and your impressive loan balance
- Get aid covering your moving costs 
 Lenders aren't bound to accept a deed in lieu, but they often do to prevent the longer and more pricey foreclosure process. 
 Does a deed-in-lieu impact your credit? 
 Yes, a deed in lieu will adversely affect your credit history and that impact will be roughly the exact same as the effect of a short sale or foreclosure. That's one reason that a deed in lieu is usually a last resort alternative. If you're eligible for a refinance, mortgage adjustment, forbearance, lump-sum reinstatement or short sale, you should pursue those choices first. 
 Deed in lieu of [foreclosure](https://meza-realestate.com) procedure: 4 actions 
 1. Reach out to your lender. 
 Let them understand the information of your circumstance which you're considering a deed in lieu. You'll then submit an application and submit supporting documents about your income and expenses. 
 Based upon your application, the lending institution will evaluate: 
 - Your home's present worth
- Your outstanding mortgage balance
- Your monetary difficulty
- Your other liens on the residential or commercial property, if any 
 2. Create an exit plan. 
 If your lending [institution accepts](https://www.proptisgh.com) the deed in lieu, you'll deal with them to determine the finest way for you to transition out of homeownership. 
 For example, if you get a Fannie Mae mortgage release, your options will consist of leaving the home instantly, living there for approximately three months rent-free or renting the home for 12 months. The loan provider may require that you attempt to sell your home before the deed in lieu can proceed. 
 3. Transfer ownership. 
 To complete the process you'll sign files that transfer the residential or commercial property to your lending institution: 
 - A deed, the legal document that allows you to transfer ownership (or "legal title") of the residential or commercial property to somebody else.
- An [estoppel](https://movingsoon.co.uk) affidavit, which spells out in detail what you and your lender are agreeing to. If your lender accepts forgive your shortage - the distinction between your home's value and your exceptional loan quantity - the estoppel affidavit will likewise reflect this. 
 Once you sign these, the home belongs to your loan provider and you won't be able to recover ownership. 
 4. Assess your tax scenario. 
 If your lender accepted forgive a part of your mortgage financial obligation as part of the deed in lieu, you might need to pay earnings tax on that forgiven financial obligation. You may prevent this tax if you get approved for exemption under the Consolidated Appropriations Act (CAA). If you think you qualify, consult a tax specialist who can assist you nail down all the information. 
 If you do not certify, know that the IRS will understand about the earnings, since your lender is needed to report it on Form 1099-C. 
 Pros and cons of a deed in lieu of foreclosure 
 Pros 
 - Your impressive mortgage financial [obligation](https://rsw-haus.de) might be forgiven
- You may receive a number of thousand dollars in in moving support
- You may qualify to stay in the home for as much as a year as an occupant
- You'll have some privacy, considering that the deed in lieu agreement isn't a matter of public record
- You'll avoid the possibility of eviction 
 Cons 
 - You'll lose ownership of your residential or commercial property and ultimately have to vacate
- Your credit report will reveal the deed in lieu for 7 years
- Your credit history may drop by 50 to 125 points usually
- You might need to pay the distinction between your home's value and mortgage balance
- You may have to pay taxes on any financial obligation your loan provider forgives as a part of the deed in lieu contract 
 What can prevent you from getting a deed in lieu? 
 Here are common issues that make a deed in lieu unacceptable to numerous loan providers: 
 - Encumbrances, tax liens or judgments versus the residential or commercial property. Banks often don't wish to agree to a deed in lieu when the residential or commercial property has any legal action besides the original mortgage connected to it. In those cases, the lending institution has an incentive to go through foreclosure, as it'll get rid of a minimum of some of these (for example, a foreclosure would clear any liens aside from 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 arrangement (PSA) attached to it. If it does, the borrower may be needed to pay some amount towards the financial obligation in order for the owners of the mortgage-backed security to consent to a deed in lieu.
- Low home worth. If your home has actually significantly depreciated in worth, it might not make financial sense for the loan provider to accept a deed in lieu. Lenders might pursue foreclosure instead if you're offering to turn over a home that has really little worth, requires extensive repair work or isn't sellable. 
 Foreclosure or deed in lieu: Which is right for me? 
 - Typically causes your FICO Score to drop by up to 160 points
 - Will remain on your for up to 7 years.
 
- Typically causes your [FICO Score](https://realestatescy.com) to visit 50 to 125 points.
 - Will remain on your credit report for approximately 7 years, but you might have the ability to certify for a brand-new mortgage in just 2 years.
 
A deed in lieu might make good sense for you if: 
 - You're currently behind on your mortgage payments or expect to fall back in the future.
- You're facing a long-term monetary challenge.
- You're underwater on your mortgage (meaning that your loan balance is greater than the home's value).
- You've just recently filed for insolvency.
- You either can't or do not desire to offer your home.
- You don't have a lot of equity in the home. 
 Foreclosure may make more sense for you if: 
 - You have significant equity
- You have liens, encumbrances or judgments against the residential or commercial property
- Your loan provider isn't offering concessions, like moving help, more time in the home or release from your responsibility to pay the deficiency 
 Another alternative to foreclosure: Short sale 
 As discussed above, a lot of people pursue a refinance, loan adjustment, mortgage forbearance or short sale before a deed in lieu. All of these alternatives, omitting a short sale, will enable you to remain in your home. 
 Deed in lieu vs. short sale 
 A short sale means you're selling your home for less than what you owe on your mortgage. This may be an option if you're undersea on your home and are having trouble selling it for a quantity that would pay off your mortgage. 
 However, with a deed in lieu, you move ownership directly to your loan provider and not a typical homebuyer. 
 - You should get approval from your lender
 
- You must get approval from your lending institution
 
- Ownership transfers to the lender
 
- Ownership transfers to a purchaser
 
- You may owe the difference between your home's assessed value and loan amount
 
- You may owe the distinction in between your home's list prices and loan quantity
 
- You might certify for relocation assistance
 
- You might get approved for relocation help
 
- Fairly straightforward and takes around 90 days
 
- Complex and normally takes over 3 months
 
- Your credit history may visit 50 to 125 points
 
- Your credit report may come by 85 to 160 points
 
Progressing after a deed in lieu of foreclosure 
 You might feel helpless about your ability to buy a home again after signing a deed in lieu or losing a home to foreclosure. But the excellent news is that, as long as you recover financially, you'll have the ability to qualify for a mortgage after a foreclosure or deed in lieu. 
 Each loan type has its own necessary waiting periods and credentials requirements for buyers who have a deed in lieu on their record, listed in the table below. Most waiting periods are the exact same for a deed in lieu and a foreclosure. 
 View mortgage loan uses from as much as 5 lending institutions in minutes 
 Advertising Disclosures 
 Disclosure 1 
 Free LendingTree Services - Disclosure existing as of 20-May-24 
 LendingTree is compensated by companies on this site and this settlement may impact how and where offers appear on this site (such as the order). LendingTree does not include all lending institutions, savings products, or loan alternatives offered in the market. 
 What part of LendingTree's services in connection with my loan request is free? 
 There is no charge to send a loan demand, get matched with loan providers and receive conditional loan offers or quotes. You may evaluate the conditional loan offers or quotes and speak with the lending institutions at no charge. Obviously, the lending institution you pick might need a cost to process your formal loan application, appraisal, and/or credit report, however until you accept pay the lending institution any charge(s), you might patronize LendingTree at no charge. 
 How does LendingTree get paid? 
 LendingTree does not charge you, the customer, a charge for its services. Who pays our costs? The loan provider. Naturally, you will be accountable for paying any loan processing, closing expenses or other costs to the loan provider with whom you close. 
 LendingTree Advertisement Disclosure: 
 LENDINGTREE, LLC IS A MARKETING LEAD GENERATOR AND IS A PROPERLY LICENSED MORTGAGE BROKER, AS REQUIRED BY LAW, WITH ITS MAIN OFFICE LOCATED AT 1415 VANTAGE PARK DRIVE, SUITE 700, CHARLOTTE, NC 28203, TELEPHONE NUMBER 1-800-555-8733. 
 For an existing list of applicable state licensing and disclosures, click Licenses and Disclosures or call for 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 Loan Company 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 organizes however does not make loans; MA Small Lender License #SL 0533; MI 1st Mortgage Broker License #FL 0016258, second [Mortgage Broker](https://topdom.rs) 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](https://yes.wedding) License # 0801779 - LendingTree does not make mortgage loans or commitments or money any mortgage loans; NM Mortgage Loan Company License # 00395; NM Small Loan Company License # 2048; NY - LT Technologies in lieu of true name LendingTree, LLC, Registered Mortgage Broker - NYS Department of [Financial Services](https://trianglebnb.com) License #RMB 208974 - LendingTree organizes mortgage loans with third-party companies; 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 modified on 02-Apr-25. 
 Advertised Terms and Information 
 - The information and disclosures above associate with marketed terms made by or through LendingTree.
- Rates of interest and terms are from a lending institution or lending institutions with whom LendingTree might match you which offer the particular product. The disclosures are current since the date indicated.
- LendingTree is not a lender in any deal and does not make loans, loan commitments or lock-rates. All credit choices, including loan approval and the conditional rates and terms you are used, are the responsibility of the taking part lenders and will differ based upon your loan demand, your particular monetary situation, and criteria figured out by the lenders to whom you are matched. Not all consumers will receive the marketed rates and terms. APR might be in lieu of refunds or rewards. Dealer participation may impact consumer cost.
- You might not be matched with a loan provider making a particular conditional loan offer, and LendingTree does not ensure that any loan provider will make you a conditional loan offer. LendingTree organizes for multiple conditional loan deals through its network of nonaffiliated lending institutions. See the Regards To Use Agreement for more information. The Regards To Use Agreement governs these promoted Terms and Information.
- [FICO score](https://homes.lc) means the FICO credit rating report that a loan provider gets from a customer reporting company. [soldnest.com](https://www.soldnest.com/blog/tips-for-selling-your-home/)