What is a Deed-in-Lieu of Foreclosure? (#2) · Issues · Arianne Rowley / anyhouses

What is a Deed-in-Lieu of Foreclosure?

zhihu.com
What Is a Deed-in-Lieu of Foreclosure?

Why utilize LendingTree?

A deed in lieu of foreclosure includes a house owner moving ownership of their home to their mortgage loan provider instead (" in lieu") of going through the foreclosure procedure. It's just one way to avoid foreclosure, nevertheless, and isn't best for everybody dealing with problems making their mortgage payments.

How a deed in lieu of foreclosure works

A deed in lieu of foreclosure - also called a "mortgage release" - enables you to avoid the foreclosure procedure by releasing you from your mortgage payment commitment. You voluntarily quit ownership of your home to your lending institution, and in doing so may be able to:

- Stay in the house longer

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

Lenders aren't bound to concur to a deed in lieu, however they typically do to prevent the longer and more pricey foreclosure process.

Does a deed-in-lieu impact your credit?

Yes, a deed in lieu will negatively affect your credit history which impact will be approximately the exact same as the impact of a brief sale or foreclosure. That's one reason a deed in lieu is typically a last resort option. If you're qualified for a re-finance, mortgage adjustment, forbearance, lump-sum reinstatement or short sale, you should pursue those options initially.

Deed in lieu of foreclosure process: 4 actions

1. Reach out to your lender.

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

Based on your application, the lender will assess:

- 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 loan provider consents to the deed in lieu, you'll deal with them to figure out the very best method for you to shift out of homeownership.

For instance, if you get a Fannie Mae mortgage release, your options will include leaving the home immediately, living there for up to 3 months rent-free or renting the home for 12 months. The loan provider might require that you attempt to offer your house before the deed in lieu can continue.

3. Transfer ownership.

To finish the procedure you'll sign documents that transfer the residential or commercial property to your loan provider:

- A deed, the legal file that enables you to transfer ownership (or "legal title") of the residential or commercial property to somebody else.
An estoppel affidavit, which define in detail what you and your loan provider are accepting. If your lending institution accepts forgive your shortage - the difference in between your home's value and your impressive loan quantity - the estoppel affidavit will likewise show this.

Once you sign these, the home comes from your lending institution and you won't be able to recover ownership.

4. Assess your tax situation.

If your lender consented to 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 receive exemption under the Consolidated Appropriations Act (CAA). If you believe you qualify, consult a tax professional who can help you pin down all the details.

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

Advantages and disadvantages of a deed in lieu of foreclosure

Pros

- Your exceptional mortgage financial obligation may be forgiven
You might receive numerous thousand dollars in in moving help
You may qualify to remain in the home for up to a year as a renter
You'll have some personal privacy, considering that the deed in lieu contract 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 eventually have to leave
Your credit report will show the deed in lieu for 7 years
Your credit rating might drop by 50 to 125 points typically
You may need to pay the distinction in between your home's worth and mortgage balance
You might have to pay taxes on any debt your lender forgives as a part of the deed in lieu agreement

What can prevent you from getting a deed in lieu?

Here prevail concerns that make a deed in lieu unacceptable to lots of 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 other than the original mortgage connected to it. In those cases, the lender has an incentive to go through foreclosure, as it'll eliminate 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 agreement (PSA) connected to it. If it does, the borrower might be required to pay some amount towards 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 substantially depreciated in value, it may not make financial sense for the lending institution to accept a deed in lieu. Lenders might pursue foreclosure rather if you're providing to turn over a home that has very little worth, requires comprehensive repair work or isn't sellable.

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

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

- Typically causes your FICO Score to come by 50 to 125 points.
- Will remain on your credit report for up to 7 years, but you may have the ability to qualify for a brand-new mortgage in as little as 2 years.
A deed in lieu might make good sense for you if:

- You're currently behind on your mortgage payments or anticipate to fall back in the near future. - You're dealing with a long-lasting monetary hardship. - You're underwater on your mortgage (meaning that your loan balance is greater than the home's worth). - You have actually just recently declared insolvency. - You either can't or don't desire to offer your home. - You do not have a great deal of equity in the home.

Foreclosure might make more sense for you if:

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

Another alternative to foreclosure: Short sale

As mentioned above, many people pursue a refinance, loan modification, mortgage forbearance or brief sale before a deed in lieu. All of these options, excluding a short sale, will enable you to remain in your home.

Deed in lieu vs. short sale

A brief sale indicates you're selling your home for less than what you owe on your mortgage. This might be an option if you're undersea on your home and are having trouble selling it for an amount that would settle your mortgage.

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

- You must get approval from your lender
- You need to get approval from your loan provider
- Ownership transfers to the loan provider
- Ownership transfers to a purchaser
- You might owe the distinction between your home's appraised worth and loan quantity
- You may owe the difference in between your home's sales cost and loan quantity
- You may certify for moving assistance
- You might receive moving assistance
- Fairly simple and takes around 90 days
- Complex and typically takes control of 3 months
- Your credit rating might drop by 50 to 125 points
- Your credit history might come by 85 to 160 points
Moving forward after a deed in lieu of foreclosure

You may feel helpless about your ability to purchase 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 economically, you'll have the ability to receive a mortgage after a foreclosure or deed in lieu.

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

View mortgage loan offers from up to 5 lenders in minutes

Advertising Disclosures

Disclosure 1

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

LendingTree is compensated by business on this website and this payment may affect how and where offers appear on this site (such as the order). LendingTree does not consist of all loan providers, cost savings products, or loan alternatives readily available in the market.

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

There is no charge to send a loan demand, get matched with lending institutions and receive conditional loan deals or quotes. You might examine the conditional loan deals or quotes and talk with the lenders at no cost. Of course, the lending institution you pick might need a fee to process your formal loan application, appraisal, and/or credit report, however up until you agree to pay the lender any charge(s), you might patronize LendingTree at no charge.

How does LendingTree make money?

LendingTree does not charge you, the consumer, a fee for its services. Who pays our bills? The lending institution. 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, PHONE NUMBER 1-800-555-8733.

For a current list of relevant state licensing and disclosures, click Licenses and Disclosures or call for details.

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 sets up but does not make loans; MA Small Loan Company License #SL 0533; MI 1st Mortgage Broker License #FL 0016258, 2nd 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 sets up 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.
zhihu.com
Advertised Terms and Information

- The details and disclosures above connect to advertised terms made by or through LendingTree. - Rate of interest and terms are from a lending institution or lending institutions with whom LendingTree may match you and that offer the particular product. The disclosures are present since the date showed. - LendingTree is not a lender in any deal 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 duty of the getting involved lenders and will vary based upon your loan demand, your particular financial circumstance, and requirements identified by the loan providers to whom you are matched. Not all consumers will receive the advertised rates and terms. APR might remain in lieu of rebates or rewards. Dealer participation may affect customer cost. - You might not be matched with a lender making a specific conditional loan offer, and LendingTree does not guarantee that any lending institution will make you a conditional loan offer. LendingTree arranges for multiple conditional loan deals through its network of nonaffiliated lenders. See the Terms of Use Agreement for more details. The Regards To Use Agreement governs these promoted Terms and Information. - FICO rating means the FICO credit rating report that a loan provider gets from a customer reporting firm.

[zhihu.com](https://www.zhihu.com/question/12355405080) What Is a Deed-in-Lieu of Foreclosure? 
 Why utilize LendingTree? 
 A deed in lieu of foreclosure includes a house owner moving ownership of their home to their mortgage loan provider instead (" in lieu") of going through the foreclosure procedure. It's just one way to avoid foreclosure, nevertheless, and isn't best for everybody dealing with problems making their mortgage payments. 
 How a deed in lieu of foreclosure works 
 A deed in lieu of foreclosure - also called a "mortgage release" - enables you to avoid the foreclosure procedure by releasing you from your mortgage payment commitment. You voluntarily quit ownership of your home to your [lending](https://multiplanet.ae) institution, and in doing so may be able to: 
 - Stay in the house longer
- Avoid paying the difference between your home's value and your impressive loan balance
- Get assistance covering your moving expenses 
 Lenders aren't bound to concur to a deed in lieu, however they typically do to prevent the longer and more pricey foreclosure process. 
 Does a deed-in-lieu impact your credit? 
 Yes, a deed in lieu will negatively affect your [credit history](https://atworldproperties.co.za) which impact will be approximately the exact same as the impact of a brief sale or foreclosure. That's one reason a deed in lieu is typically a last resort option. If you're qualified for a re-finance, mortgage adjustment, forbearance, lump-sum reinstatement or short sale, you should pursue those options initially. 
 Deed in lieu of foreclosure process: 4 actions 
 1. Reach out to your lender. 
 Let them understand the details of your circumstance which you're thinking about a deed in lieu. You'll then fill out an application and submit supporting documents about your income and expenses. 
 Based on your application, the lender will assess: 
 - 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 loan provider consents to the deed in lieu, you'll deal with them to figure out the very best method for you to shift out of homeownership. 
 For instance, if you get a Fannie Mae mortgage release, your options will include leaving the home immediately, living there for up to 3 months rent-free or renting the home for 12 months. The loan provider might require that you attempt to offer your house before the deed in lieu can continue. 
 3. Transfer ownership. 
 To finish the procedure you'll sign documents that transfer the residential or commercial property to your loan provider: 
 - A deed, the legal file that enables you to transfer ownership (or "legal title") of the residential or commercial property to somebody else.
- An estoppel affidavit, which define in detail what you and your loan provider are accepting. If your lending institution accepts forgive your shortage - the difference in between your home's value and your impressive loan quantity - the estoppel affidavit will likewise show this. 
 Once you sign these, the home comes from your lending institution and you won't be able to recover ownership. 
 4. Assess your tax situation. 
 If your lender consented to forgive a part of your mortgage financial [obligation](https://housesites.in) 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 receive exemption under the Consolidated Appropriations Act (CAA). If you believe you qualify, consult a tax professional who can help you pin down all the details. 
 If you do not qualify, understand that the IRS will learn about the earnings, because your lending institution is needed to report it on Form 1099-C. 
 Advantages and disadvantages of a deed in lieu of foreclosure 
 Pros 
 - Your exceptional mortgage financial obligation may be forgiven
- You might receive numerous thousand dollars in in moving help
- You may qualify to remain in the home for up to a year as a renter
- You'll have some personal privacy, considering that the deed in lieu contract 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 eventually have to leave
- Your credit report will show the deed in lieu for 7 years
- Your credit rating might drop by 50 to 125 points typically
- You may need to pay the distinction in between your home's worth and mortgage balance
- You might have to pay taxes on any debt your lender forgives as a part of the deed in lieu agreement 
 What can prevent you from getting a deed in lieu? 
 Here prevail concerns that make a deed in lieu unacceptable to lots of 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 other than the original mortgage connected to it. In those cases, the lender has an incentive to go through foreclosure, as it'll eliminate 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 agreement (PSA) [connected](https://dentalbrokerflorida.com) to it. If it does, the borrower might be required to pay some amount towards 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 substantially depreciated in value, it may not make financial sense for the lending institution to accept a deed in lieu. Lenders might pursue foreclosure rather if you're providing to turn over a home that has very little worth, requires comprehensive repair work or isn't sellable. 
 [Foreclosure](https://realtyonegroupsurf.com) or deed in lieu: Which is right for me? 
 - Typically causes your FICO Score to come by approximately 160 points
 - Will remain on your credit report for as much as 7 years.
 
- Typically causes your FICO Score to come by 50 to 125 points.
 - Will remain on your [credit report](https://ezestate.net) for up to 7 years, but you may have the ability to qualify for a [brand-new mortgage](https://propcart.co.ke) in as little as 2 years.
 
A deed in lieu might make good sense for you if: 
 - You're currently behind on your mortgage payments or anticipate to fall back in the near future.
- You're dealing with a long-lasting monetary hardship.
- You're underwater on your mortgage (meaning that your loan balance is greater than the home's worth).
- You have actually just recently declared insolvency.
- You either can't or don't desire to offer your home.
- You do not have a great deal of equity in the home. 
 Foreclosure might make more sense for you if: 
 - You have considerable equity
- You have liens, encumbrances or judgments against the residential or commercial property
- Your loan provider isn't offering concessions, like moving support, more time in the home or release from your commitment to pay the deficiency 
 Another alternative to foreclosure: Short sale 
 As mentioned above, many people pursue a refinance, loan modification, mortgage forbearance or brief sale before a deed in lieu. All of these options, [excluding](https://www.defclarea.org) a short sale, will enable you to remain in your home. 
 Deed in lieu vs. short sale 
 A brief sale indicates you're selling your home for less than what you owe on your mortgage. This might be an option if you're undersea on your home and are having trouble selling it for an amount that would settle your mortgage. 
 However, with a deed in lieu, you move ownership straight to your lending institution and not a common homebuyer. 
 - You must get approval from your lender
 
- You need to get approval from your [loan provider](https://syrianproperties.org)
 
- Ownership transfers to the loan provider
 
- Ownership transfers to a purchaser
 
- You might owe the distinction between your home's appraised worth and loan quantity
 
- You may owe the difference in between your home's sales cost and loan quantity
 
- You may certify for moving assistance
 
- You might receive moving assistance
 
- Fairly simple and takes around 90 days
 
- Complex and typically takes control of 3 months
 
- Your credit rating might drop by 50 to 125 points
 
- Your credit history might come by 85 to 160 points
 
Moving forward after a deed in lieu of foreclosure 
 You may feel helpless about your ability to purchase 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 economically, you'll have the ability to receive a mortgage after a foreclosure or deed in lieu. 
 Each [loan type](https://bauerwohnen.com) has its own obligatory waiting periods and for buyers who have a deed in lieu on their record, listed in the table below. Most waiting durations are the same for a deed in lieu and a foreclosure. 
 View mortgage loan offers from up to 5 lenders in minutes 
 Advertising Disclosures 
 Disclosure 1 
 Free LendingTree Services - Disclosure existing since 20-May-24 
 LendingTree is compensated by business on this website and this payment may affect how and where offers appear on this site (such as the order). LendingTree does not consist of all loan providers, cost savings products, or loan alternatives readily available in the market. 
 What portion of LendingTree's services in [connection](https://www.eastpointeny.com) with my loan request is totally free? 
 There is no charge to send a loan demand, get matched with lending institutions and receive conditional loan deals or quotes. You might examine the conditional loan deals or quotes and talk with the lenders at no cost. Of course, the lending institution you pick might need a fee to process your formal loan application, appraisal, and/or credit report, however up until you agree to pay the lender any charge(s), you might patronize LendingTree at no charge. 
 How does LendingTree make money? 
 LendingTree does not charge you, the consumer, a fee for its services. Who pays our bills? The lending institution. 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, PHONE NUMBER 1-800-555-8733. 
 For a current list of relevant state licensing and disclosures, click Licenses and Disclosures or call for details. 
 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 sets up but does not make loans; MA Small Loan Company License #SL 0533; MI 1st [Mortgage Broker](https://smalltownstorefronts.com) License #FL 0016258, 2nd 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](https://dinarproperties.ae) sets up 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. [zhihu.com](https://www.zhihu.com/question/15167597196)
 Advertised Terms and Information 
 - The details and disclosures above connect to advertised terms made by or through LendingTree.
- Rate of interest and terms are from a lending institution or lending institutions with whom LendingTree may match you and that offer the particular product. The disclosures are present since the date showed.
- LendingTree is not a lender in any deal 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 duty of the getting involved lenders and will vary based upon your loan demand, your particular financial circumstance, and requirements identified by the loan providers to whom you are matched. Not all consumers will receive the advertised rates and terms. APR might remain in lieu of rebates or rewards. Dealer participation may affect customer cost.
- You might not be matched with a lender making a specific conditional loan offer, and LendingTree does not guarantee that any lending institution will make you a conditional loan offer. LendingTree arranges for multiple conditional loan deals through its network of nonaffiliated lenders. See the Terms of Use Agreement for more details. The Regards To Use Agreement governs these promoted Terms and Information.
- FICO rating means the FICO credit rating report that a loan provider gets from a customer reporting firm.