• Who is HomeLight Home Loans?

    Eave, Inc. dba HomeLight Home Loans ("HLHL") is a digital mortgage lender.

  • Does HomeLight Home Loans Offer Competitive Interest Rates?

    We sure do! In fact, our interest rates are on par with or better than the rates private banks give to their very best clients. See our current rates here.

  • What Makes HomeLight Home Loans Different From Other Mortgage Lenders?

    There's not just one thing that's different about us—it's the whole package. The traditional mortgage process isn't cutting it. It's antiquated and there are so many broken parts to contend with. While other lenders have focused on fixing one or two aspects of what's broken, HLHL is the only lender who has rehauled the entire system from A to Z. The result? A dramatically improved mortgage experience for all credit worthy homebuyers that's transparent, cost effective, in the buyer's best interest. With HLHL, you close quickly and make offers that win -- even when competing against all-cash buyers.

    Here's a summary overview of how we're different:

    HomeLight Home Loans

    Other Digital Mortgage Lenders

    Traditional Lenders

    Full Upfront Financial Underwrite of Borrower

    Tip: Financing delays are common. Sellers want certainty. The more underwriting you do upfront before making a bid on a home, the stronger your offer will be.

    Yes

    Apply in 30 minutes and we do a full financial underwrite within 24-hours.

    No
    No
    Ability to close

    Tip: Sellers want a quick, certain close. Otherwise, they'll choose another offer.

    Yes

    HLHL has never missed a closing date. We've closed on time 100% of the time.

    Varies

    Some lenders are better than others. Be sure to ask prospective lenders their closing success rates.

    Varies

    Some lenders are better than others. Be sure to ask prospective lenders their closing success rates.

    Rates

    Tip: Most lenders pre-approve you based upon their advertised rates. You won't necessarily qualify for this rate. To get a better sense of what rate you'll actually qualify for, you'll need to be fully underwritten.

    Consistently Low

    Our rates are consistently lower than national averages and are competitive with what private banks offer to their best customers. Plus, with an upfront underwrite, we can give you a more accurate idea of your rate.

    Varies

    Digital lender rates vary, but be careful of choosing a lender based on a 2-minute pre-approval or their headline rates. Until they fully underwrite you, they can't give you an accurate rate estimate. Most lenders don't underwrite you until you're in contract on a home, which can result in unexpected rate hikes.

    Varies

    Traditional lender rates vary, but be careful of choosing a lender based on a 2-minute pre-approval or their headline rates. Traditional lenders are known to offer "low rates" only to recapture that "savings" through points and fees.

    Speed

    Tip: Most sellers want to close quickly. That's why all-cash offers are 97% more likely to be accepted. Sellers know many lenders promise a quick close, but fail to deliver. Missing a closing date could put your earnest money deposit at risk.

    21-Day Close Guarantee

    HLHL will reimburse your lost earnest money up to $100,000, if you can't close on-time and the fault is ours.

    You can read full details of this guarantee here.
    Avg Time to Close 37 days
    Avg Time to Close 45 days
    Lender Fees

    Tip: These are fees a mortgage lender charges you for originating your mortgage.

    $0
    Varies

    Generally, 1% - 3% of loan value.

    Varies

    Generally, 1% - 3% of loan value.

    Earnest Money Protection

    Tip: Lender delays can put your earnest money deposit at risk.

    Yes

    HLHL will reimburse your lost earnest money up to $100,000, if you can't close on-time and the fault is ours.

    You can read full details of this guarantee here.
    No
    No
    Single Point of Contact

    Tip: Your mortgage lending experience will vary substantially based on the skill and availability of your loan officer. Be sure you work with a quality LO with a strong reputation and proven track record.

    Yes

    HLHL loan officers maintain strong review ratings and are available to you 7 days per week. You'll have a personal LO who sees your loan from start to finish.

    Varies

    Different lenders have different standards for loan officers. Be sure to look up reviews and/or ask for a loan officer for references.

    Varies

    Different lenders have different standards for loan officers. Be sure to look up reviews and/or ask for a loan officer for references.

  • Where Does HLHL Operate?

    HLHL originates mortgages in Arizona, California, Colorado, Florida, Oregon, Pennsylvania, Texas, Washington. We plan to expand to additional states soon.

  • Is HLHL’s Application Secure?

    It sure is! We care about protecting your sensitive information. So we do everything possible to collect, transmit, and store your data safely. Our system is more secure than the general industry standard and is on par with that of financial institutions. Instead of collecting information via email (a common entry point for hackers), we use a secure website to gather borrower information, often directly from your financial institution. Our experienced technical staff work within our secure software platform. If you have further concerns about your privacy and the security of your information, please review our Privacy & Security Policy.

  • What Happens to a Loan After HLHL Originates It?

    Typically we transfer your loan to a regional bank or a financial group two weeks after you close. We'll tell you when this happens. Your rates and terms won't change—just where you send your payments.

    You can always contact us if you have questions or concerns. While we won't own your loan, we do care about you and want to protect your interests. We transfer our loans only to banks that we trust and spend, on average, six months evaluating them.

  • Can I Refinance My Mortgage with HLHL?

    Not at this time, but we plan to offer refinance loans soon, so please check back.

  • How is the Fully Underwritten Pre-Approval better than a pre-approval from another lender?

    Our Fully Underwritten Pre-Approval gives you the certainty and confidence to make a winning offer. Because you've been fully vetted upfront, you know from the very start exactly how much house you can afford. Most lenders don't fully underwrite you until after you're in contract on a home. Our Fully Underwritten Pre-Approval provides sellers the assurance that you'll be able to close quickly and the sale won't fall through because of financing issues.