LendingTree RateBeat Guarantee Terms & Conditions

This offer is available exclusively for first-time homebuyer mortgage loans and is based on the annual percentage rate (APR).

In order to qualify for the RateBeat Guarantee (“Guarantee”) you must upload a valid and acceptable lender document (“quote”) as determined by LendingTree displaying an offered rate and terms (Valid and acceptable quotes include a Loan Estimate (LE), a rate quote, or other LE proxy document. The documentation must meet the criteria described below).

To qualify, you must also close the loan with the lender whose quote you uploaded (original competing lender) and provide applicable documentation, as described below.

The quote must align with the below terms and conditions:

  • Must have been received within 2 days prior to completing the applicable LendingTree form.
  • Must not have been received from a lender referred to consumer via a prior LendingTree form.
  • Must have identical terms as quote received via a LendingTree lender. Terms include applicants, loan amount, property value, down payment, property address, duration of loan, type of loan and property type.

In addition to providing a quote, you must also complete an eligible form and qualify for a loan with a LendingTree participating lender. If we are not able to match you with a participating lender based on your information, you will be unable to participate in the Guarantee.

Your LendingTree loan request must meet following criteria:

  • Loan amount must be between USD 150,000 and the conforming loan upper limit for the location where you are buying the property. You can learn more about conforming loans here.
  • Down payment must be equal to or exceed 20%
  • Must be a singlefamily home, townhome, or condo
  • Applicable only for primary residence purchase
  • Your credit score must be equal to or above 700
  • Home must be located in one of the following states: FL, TX, CA
  • Loan must be for a first-time homebuyer mortgage loan.

The Guarantee is not available for the following transactions and/or applicants:

  • Interest only loans
  • Loans requiring subordination of a prior loan
  • Loan applicants who have disputed credit accounts
  • Bank owned properties
  • Properties being purchased through a “short sale”
  • Non-arm’s length transactions

Only the first quote submitted along with the eligible LendingTree form will be considered for the Guarantee.

Regarding the quote, LendingTree may, in its sole discretion, accept LE proxies (e.g., rate sheets from other lenders) in lieu of a complete offer, provided the rate and terms from the competitive lender are not contingent on any other transaction or relationship. In addition, the LE proxy must contain information sufficient to demonstrate that the offer is intended for the borrower who is submitting the form on LendingTree and contain proof that the borrower’s credit score was verified. The terms of the competing loan must include applicants, loan amount, property value, down payment, property address, duration of loan, type of loan, and property type.

The terms and conditions of this offer may change without notice, including termination of the program.

The Guarantee shall be governed by, subject to, and construed in accordance with the laws of the State of North Carolina.

LendingTree and its partners reserve the right to verify that a lender’s quote is valid.

Procedure for Enforcing the Guarantee

  • Call a LendingTree representative at 989-217-3266.
  • When calling in, ensure to mention that you are calling about the Guarantee. The representative will start your claim and collect required information, including mailing address for a $100 gift card to be issued. The validation process will occur offline, and once the claim is reviewed, LendingTree will contact you regarding the status of the payment.
  • Neither LendingTree nor any participating lender will be responsible for lost, late, or misdirected emails or mail attempting to enforce the Guarantee. Nor will LendingTree or any participating lender be responsible for any typographical or other error in the administration of the Guarantee.

Recipient is solely responsible for any personal tax liability arising out of this incentive.