LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
Pros and Cons of Having a Cosigner on an Auto Loan
We are committed to providing accurate content that helps you make informed money decisions. Our partners have not commissioned or endorsed this content. Read our editorial guidelines here.
Adding a cosigner for car loans can improve chances of approval for borrowers with limited credit or income. However, cosigning a loan comes with several risks.
The cosigner is legally responsible for the debt if the primary borrower can’t make payments. Any late or missed payments can negatively impact both parties’ credit scores.
Furthermore, the cosigner doesn’t have any ownership of the vehicle. Consider the pros and cons of cosigning an auto loan to ensure it’s the right move for you.
Pros and cons of cosigning a car loan
While a creditworthy cosigner can help you get approved for a car loan, it’s a big commitment for the cosigner. Consider the following pros and cons before proceeding with a cosigned loan.
Pros
Improve your chance of loan approval
Potentially qualify for lower rates and more flexible terms
Making on-time payments can help establish or rebuild your own credit
Cons
Missing a payment could damage your cosigner’s credit
The cosigner may face penalties if you fail to repay the debt
Possible strain on your relationship with the cosigner
What does cosigning a car loan mean?
Cosigning a car loan means you agree to be legally responsible for the debt if the original borrower can’t make payments. Some lenders require a cosigner if the borrower has bad credit or a high debt-to-income (DTI) ratio.
Even if a borrower can qualify independently, adding a creditworthy cosigner can often unlock more competitive interest rates and better terms.
Cosigner vs. co-borrower
Borrowers can typically add a cosigner or co-borrower to their loan application. While these terms may seem similar, they mean two different things.
Cosigner: This is a person with solid credit and income who can help boost your chances of approval. Although liable for payments if you default, the cosigner doesn’t share vehicle ownership. They also generally don’t make regular monthly payments.
Co-borrower: Also known as a co-applicant, the co-borrower shares financial responsibility and ownership of the car from day one. Their name will likely appear on the car title with the other borrower. Both borrowers typically contribute toward monthly payments.
When to consider a car loan cosigner
A lender might encourage you to find a cosigner before applying if any of the following situations apply:
Credit issues
If you have a low credit score or have experienced recent damage to your credit report, adding a cosigner with a good to excellent credit score could boost your car loan application. (Check your credit score here.) Likewise, you could consider a cosigner if you need a car loan with no credit history.
Employment history
A spotty or unreliable employment history could jeopardize your loan application. Consider finding a cosigner who meets the lender’s employment criteria, or see if you can improve your income before applying.
High DTI ratio
Borrowers with a lot of debt compared to their monthly income might not qualify for an auto loan on their own. You can calculate your DTI ratio by dividing your monthly debt payments by your overall monthly income. It’s best to keep your DTI ratio below 43%, although under 35% is ideal.
Ultimately, a cosigner can increase your chances of loan approval, since having a backup person ready to repay the debt reduces the lender’s risk. And remember, the higher your cosigner’s credit score, the more likely you’ll be to receive a low interest rate.
How much do you need to borrow for your auto loan?
$5,000
Terms & Conditions Apply. NMLS#1136
Cosigner rights and responsibilities
When you cosign an auto loan, you use your name and positive credit history to help a friend or family member get the car they need.
While you won’t have any legal rights to the vehicle unless granted permission, you must be prepared to cover payments, late fees and collection costs if the borrower defaults.
Failing to keep up with car loan payments will negatively impact your credit score. At the same time, you might have financial obligations if you need to sell the vehicle with a loan.
Because of this, it’s worth asking to receive copies of billing statements and late notices to ensure your credit remains intact.
How to cosign a car loan
Since cosigning means sharing financial responsibility for the debt, both the primary borrower and the cosigner must complete the loan application. Here are the steps to getting a car loan when you plan to have a cosigner.
Check credit scores Lenders review your and your cosigner’s credit reports to determine your level of creditworthiness. You can access your free credit report via AnnualCreditReport.com. Be sure to scrutinize these reports and submit a dispute if you notice any errors.
You can also check your credit score before submitting a loan application to know where you stand. Even if you have a good credit score, adding a cosigner with a higher score can improve your chances of approval and help you secure a lower interest rate.
Compare lenders You can apply for a car loan with a credit union, a bank or an online lender. Some auto companies, such as Toyota and Ford, provide their own car loans.
Many lenders help you make an informed decision by offering preapproval for an auto loan. While a preapproved offer is just an estimate, it allows you to compare general interest rates, terms and fees in advance, helping you find the best lender for your needs.
Gather important documents Having essential paperwork ready can help you hit the road faster. While lenders will have their own requirements, here are some standard documents needed for a car loan:
Proof of identity
Proof of income
Credit and financial history
Proof of residence
Vehicle information
Current vehicle registration
Proof of insurance
Down payment
Apply and review Most lenders offer a streamlined application process and aim to provide a credit decision within a few hours, although some might take up to a few days.
If you need funds fast, consider applying for instant auto loans, which are usually approved in less than an hour.
You can also check out our in-depth auto lender reviews to discover more about what each lender has to offer and find one that’s a good fit for you.
Close on your car loan After picking your lender, you must finalize the car loan and sign any required paperwork with your cosigner. Your auto financing contract will outline the total sales price, the amount borrowed, your APR, the financing charge and your monthly payment.
Remember, your cosigner isn’t usually responsible for making regular payments — they’re just there in case you can’t repay the loan.
Make sure to read all the fine print before closing since you generally can’t return a car after signing. If you see any fees you don’t understand, ask for more clarification. You can also have your cosigner review the paperwork before finalizing your decision.
Your cosigner has to sign the car loan documents along with you, agreeing to cover payments if you fail to repay the debt.
Make sure your cosigner understands the potential risks of cosigning an auto loan:
Credit risk: The auto loan will appear on both your and your cosigner’s credit reports. Missing a car payment or having a car repossession could seriously damage your cosigner’s credit scores, making it harder to gain approval for loans and credit cards in the future.
Financial risk: If you miss payments, the lender may go after your cosigner for the money, plus late fees, or even file a lawsuit against your cosigner to garnish their wages.
Keep in mind that if you stay current on your car loan, both you and your cosigner are likely to see your credit scores improve.
Where to find auto loans with cosigners
Many auto lenders allow cosigners, so you should have plenty of options to explore. Here are some ideas to get you started:
Your current bank. Credit unions and traditional banks tend to offer the most competitive rates on auto loans. You might even get a discount for being an existing customer.
An online marketplace. You can search our online marketplace for best auto loans to compare multiple lenders at once, filtering for specific features such as loan amounts or time to funding.
In-house financing. While an in-house dealership loan offers fast approval, they tend to come with high rates, strict terms and penalties and limited selections.
Enter your details into our car affordability calculator below to see how much you could afford each month:
Alternatives to cosigning a car loan
Not everyone can find an eligible cosigner willing to risk cosigning an auto loan. Borrowers can increase the chances of loan approval on their own by following these steps:
You can also consider an auto loan for bad-credit borrowers. While these lenders typically have less strict eligibility criteria, you will likely pay more interest over the life of the loan.
Yes, cosigning a loan can have a positive or negative impact on your credit score, depending on how payments are handled.
If the borrower makes on-time payments, both the borrower’s and cosigner’s scores will likely increase. However, missing loan payments are among the top actions that can hurt your credit score.
Because of this, it’s worth asking for copies of the loan statements to be sent directly to you, the cosigner. This way, you can stay on top of the loan’s status, immediately stepping in if you suspect a payment will be late.
However, some lenders offer bad credit auto loans for borrowers with scores as low as 500 — just be prepared to pay a higher rate for such loans.
Generally, the higher the score, the better your chances for getting approved with a low interest rate and flexible repayment terms.
If your cosigner has an excellent credit score, you will likely receive a lower auto loan interest rate. And usually, the lower your interest rate, the lower your monthly payments.
Alternatively, you can opt for a longer repayment term to reduce your monthly car bill. However, a longer term typically results in more paid interest over the life of the loan.
A cosigner’s name only appears on your loan contract, not on the car title. That’s because the cosigner only shares legal responsibility for the debt, with no ownership of the vehicle.
However, if you have a co-borrower, their name will appear on the car title. If you want to change it so you are the sole owner, you will have to apply for a car title transfer.
Removing a cosigner from a loan can be difficult. Your loan contract may have a clause that allows you to release the car loan cosigner under certain conditions, like after making a certain number of on-time payments.
If the lender doesn’t offer cosigner release, you could try refinancing your car loan or selling the car so you can repay the loan early.
Get auto loan offers from up to 5 lenders in minutes
Advertising Disclosures
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
What portion of LendingTree’s services in connection with my loan request is free?
There is no cost to submit a loan request, get matched with lenders and receive conditional loan offers or quotes. You may review the conditional loan offers or quotes and talk to the lenders at no cost. Of course, the lender you choose may require a fee to process your formal loan application, appraisal, and/or credit report, but until you agree to pay the lender any fee(s), you may shop with LendingTree at no cost.
How does LendingTree get paid?
LendingTree does not charge you, the consumer, a fee for its services. Who pays our bills? The lender. Of course, you will be responsible for paying any loan processing, closing costs or other fees to the lender with whom you close.
As of 06-Dec-24, LendingTree Purchase Auto Loan consumers were seeing offer rates as low as 5.24% ( on a $79024.00 loan amount for a term of 48.00 months ). Here are some examples of offers consumers were receiving as of 06-Dec-24:
Loan Term (Months)
Loan Amount
Rate
APR
Estimated Monthly Payment
36
$10000.00
7.39%
7.39%
$310.56
$15000.00
7.39%
7.39%
$465.84
$20000.00
7.39%
7.39%
$621.11
$25000.00
6.94%
6.94%
$771.24
$30000.00
6.94%
6.94%
$925.49
48
$10000.00
7.44%
7.44%
$241.51
$15000.00
7.44%
7.44%
$362.26
$20000.00
7.44%
7.44%
$483.02
$25000.00
7.44%
7.44%
$603.77
$30000.00
7.44%
7.44%
$724.53
60
$10000.00
7.44%
7.44%
$200.09
$15000.00
7.44%
7.44%
$300.14
$20000.00
7.44%
7.44%
$400.19
$25000.00
7.44%
7.44%
$500.24
$30000.00
7.44%
7.44%
$600.28
72
$10000.00
7.44%
7.44%
$172.61
$15000.00
7.44%
7.44%
$258.92
$20000.00
7.44%
7.44%
$345.22
$25000.00
7.44%
7.44%
$431.53
$30000.00
7.44%
7.44%
$517.83
Disclosure Assumptions
Advertised rate based on actual offered rates to consumers over the past 30 days, using the same self-identified credit rating, appropriate loan-to-value for the vehicle, and where no such term, amount and/or offer was requested in a particular state the advertised rate is that of the lowest national rate offered using the same assumptions. Please note that your rate can be higher or lower than the advertised rate.
The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, license, taxes, fees, money down, trade-in, rebates, cash down amounts, the location and type of automobile as well as other factors as determined by Lenders.
Not available in all states.
Rates are subject to change daily without notice.
Payment amounts shown do not include taxes, licensing or fees.
Auto Legal Notice
California: For purposes of compliance with the California Financial Privacy Act, if you are a resident of the State of California and would like to opt-out from the disclosure of your personal information to any third-party for marketing purposes, please contact us at [email protected]. Married consumers may request separate credit. A married consumer may include a spouse’s income even when requesting for a separate account.
Maryland: We do not accept or solicit any fees or payments from you. When you submit a request to us and your inquiry is forwarded to one of our Finance Partners, you may be issued a Financing Agreement by a Finance Partner in accordance with Maryland Commercial Law Code §§ 12-125, 1013. This Financing Agreement must include: (1) the term and principal amount of your loan; (2) an explanation of the type of loan being offered; (3) the interest rate and, if the rate is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (4) the points, if any, to be paid by the borrower; and (5) the term during which the Financing Agreement remains in effect.
Ohio: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Vermont: For purposes of compliance with the Vermont Consumer Protection Act, if you are a resident of the State of Vermont and would like to opt-out from the disclosure of your personal information to any third-party for marketing purposes, please contact us at [email protected]
Wisconsin: No provision of a marital property agreement, a unilateral statement under Wis. Rev. Stat. § 766.59 or a court decree under Wis. Rev. Stat. § 766.70 adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred.
As of 06-Dec-24, LendingTree Refinance Auto Loan consumers were seeing offered rates as low as 5.14% ( on a $111000.00 loan amount for a term of 39.00 months ). Here are some examples of offers consumers were receiving as of 06-Dec-24:
Loan Term (Months)
Loan Amount
Rate
APR
Estimated Monthly Payment
36
$10000.00
5.75%
5.75%
$303.09
$15000.00
5.24%
5.24%
$455.00
$20000.00
5.50%
5.50%
$606.00
$25000.00
5.50%
5.50%
$758.00
$30000.00
5.24%
5.24%
$902.00
48
$10000.00
5.75%
5.75%
$233.71
$15000.00
6.34%
6.34%
$367.38
$20000.00
5.75%
5.75%
$467.41
$25000.00
5.75%
5.75%
$584.26
$30000.00
5.75%
5.75%
$701.12
60
$10000.00
5.49%
5.49%
$201.00
$15000.00
5.49%
5.49%
$296.69
$20000.00
5.49%
5.49%
$392.22
$25000.00
5.49%
5.49%
$487.85
$30000.00
5.49%
5.49%
$583.54
72
$10000.00
6.04%
6.04%
$174.72
$15000.00
6.04%
6.04%
$258.00
$20000.00
6.04%
6.04%
$341.03
$25000.00
6.04%
6.04%
$423.95
$30000.00
6.04%
6.04%
$497.75
Reducing your monthly car payments by refinancing? Keep in mind that if you choose to make your remaining loan term longer, the overall cost of your loan may be higher than without refinancing. If you decide to refinance with a LendingTree partner, you may be able to lower your monthly loan payment. However, if you choose a loan term that is longer than the term left on your existing auto loan, you will pay interest over a longer period of time, and the overall cost of your loan may be higher. Consult your financial advisor to see if refinancing your auto loan is right for you.
Disclosure Assumptions
Advertised rate based on actual offered rates to consumers over the past 30 days, using the same self-identified credit rating, appropriate loan-to-value for the vehicle, and where no such term, amount and/or offer was requested in a particular state the advertised rate is that of the lowest national rate offered using the same assumptions. Please note that your rate can be higher or lower than the advertised rate.
The actual interest rate, APR and payment may vary based on the specific terms of the loan selected, verification of information, your credit history, license, taxes, fees, money down, trade-in, rebates, cash down amounts, the location and type of automobile as well as other factors as determined by Lenders.
The loan-to-value is <=80%.
Not available in all states.
Rates are subject to change daily without notice.
Payment amounts shown do not include taxes, licensing or fees.
Refinancing may not always result in lower overall interest and principal payments and it extends the life of the loan.
Auto Legal Notice
California: For purposes of compliance with the California Financial Privacy Act, if you are a resident of the State of California and would like to opt-out from the disclosure of your personal information to any third-party for marketing purposes, please contact us at [email protected]. Married consumers may request separate credit. A married consumer may include a spouse’s income even when requesting for a separate account.
Maryland: We do not accept or solicit any fees or payments from you. When you submit a request to us and your inquiry is forwarded to one of our Finance Partners, you may be issued a Financing Agreement by a Finance Partner in accordance with Maryland Commercial Law Code §§ 12-125, 1013. This Financing Agreement must include: (1) the term and principal amount of your loan; (2) an explanation of the type of loan being offered; (3) the interest rate and, if the rate is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (4) the points, if any, to be paid by the borrower; and (5) the term during which the Financing Agreement remains in effect.
Ohio: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Vermont: For purposes of compliance with the Vermont Consumer Protection Act, if you are a resident of the State of Vermont and would like to opt-out from the disclosure of your personal information to any third-party for marketing purposes, please contact us at [email protected]
Wisconsin: No provision of a marital property agreement, a unilateral statement under Wis. Rev. Stat. § 766.59 or a court decree under Wis. Rev. Stat. § 766.70 adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred.
Loan amounts from 10000 up to 30000
Annual Percentage Rates (APR) – As Low As*
Loan Type
Up to 36 Months APR%
48 Months APR%
60 Months APR%
New Car
n/a%
n/a%
n/a%
Used Car
n/a%
n/a%
n/a%
Refinance
n/a%
n/a%
n/a%
*Assumptions
APR is the Annual Percentage Rate. Rates quoted assume excellent borrower credit history. Your actual individual APR may vary based on your state of residence, applicable discounts, credit history, specific terms of the loan selected, verification of information, your credit history, license, taxes, fees, money down, trade-in, rebates, cash down amounts, the location and type of automobile as well as other factors as determined by Lenders.
Advertised rate based on actual matched rates to consumers over the past 30 days, using the same self-identified credit rating, appropriate loan-to-value for the vehicle, and where no such term, amount and/or offer was requested in a particular state the advertised rate is that of the lowest national rate offered using the same assumptions. Please note that your rate can be higher or lower than the advertised rate.
Not available in all states.
Rates are subject to change daily without notice. Rates are calculated based on participating Network Lenders rates as of the date stated above being averaged.
The following additional disclosures apply:
Credit subject to approval by participating Network Lender.
A loan fee may be required.
Assumes auto is new or less than one year old.
Interest rates assume excellent borrower credit history.
Rates and payment amounts will vary by state, collateral type and loan to value ratio.
Rates and terms are subject to change without notice.
Example: A six year fixed-rate loan for a $25,000 new car, with 20% down, requires a $20,000 loan. Based on a simple interest rate of 3.4% and a loan fee of $200, this loan would have 72 monthly payments of $310.54 each and an annual percentage rate (APR) of 3.74%.
Auto Legal Notice
California: For purposes of compliance with the California Financial Privacy Act, if you are a resident of the State of California and would like to opt-out from the disclosure of your personal information to any third-party for marketing purposes, please contact us at [email protected]. Married consumers may request separate credit. A married consumer may include a spouse's income even when requesting for a separate account.
Maryland: We do not accept or solicit any fees or payments from you. When you submit a request to us and your inquiry is forwarded to one of our Finance Partners, you may be issued a Financing Agreement by a Finance Partner in accordance with Maryland Commercial Law Code §§ 12-125, 1013. This Financing Agreement must include: (1) the term and principal amount of your loan; (2) an explanation of the type of loan being offered; (3) the interest rate and, if the rate is subject to final determination at a future date based on some objective standard, a specific statement of those facts; (4) the points, if any, to be paid by the borrower; and (5) the term during which the Financing Agreement remains in effect.
Ohio: The Ohio laws against discrimination require that all creditors make credit equally available to all credit worthy customers, and that credit reporting agencies maintain separate credit histories on each individual upon request. The Ohio Civil Rights Commission administers compliance with this law.
Vermont: For purposes of compliance with the Vermont Consumer Protection Act, if you are a resident of the State of Vermont and would like to opt-out from the disclosure of your personal information to any third-party for marketing purposes, please contact us at [email protected]
Wisconsin: No provision of a marital property agreement, a unilateral statement under Wis. Rev. Stat. § 766.59 or a court decree under Wis. Rev. Stat. § 766.70 adversely affects the interest of the creditor unless the creditor, prior to the time the credit is granted, is furnished a copy of the agreement, statement or decree or has actual knowledge of the adverse provision when the obligation to the creditor is incurred.
Calculators are made available as tools for your use in researching and comparing products. LendingTree does not guarantee the accuracy of the results and you should seek individualized advice from qualified professional(s) who can assist you in regard to your personal financial circumstances. All tools and calculators are deemed examples and are for illustrative purposes only. Your final payment, interest rate, loan, amount and/or fees are unknown and all calculations are estimates only. When calculators are placed in LendingTree Widgets there are times when certain assumptions will be utilized, including, but not limited to the following:
Estimated annual property tax is 1.14%. Estimated annual homeowner’s insurance is $800. Annual homeowner’s association (HOA) dues are $0. Loan term is 30 years. This includes private mortgage insurance (PMI). These are examples only are not guaranteed amounts for any one location. Amounts are national averages from 2013 obtained from several sources. Estimated taxes and insurance amounts will adjust using the above assumptions when a new purchase/refinance/home estimated value is placed into the field and is not a guarantee of what actual amounts may be for any particular product or property.
Rental amount includes one year of rent (you place into the calculator) and rental insurance (based on the national average for 2013). Loan term is 30 years. Property tax assumption is 1% of the home value. Annual homeowner’s association (HOA) dues being set at $100. Maintenance of owning a home is assumed at 2% of home value. Personal tax rate of 33% is factored into the calculation(s). Calculator assumes home appreciation of 4% and a rent increase of 4% annually. The cost of selling a home is 8% of the sales price based on national average of repairs, staging, and Real Estate Agent commissions. The rate of return on investments after tax is assumed at 5% pursuant to 2013 statistics.
Mortgage Checkup and calculators are made available as tools for your use in researching and shopping for mortgage products and are not intended to be investment advice of any kind. LendingTree, LLC does not guarantee the accuracy of the results and you should seek individualized advice from qualified professional(s) who can assist you in regard to your personal circumstances. All tools and calculators are deemed examples and are for illustrative purposes only.
The calculator is for illustrative purposes only and uses an estimated rate, term, origination fee, mortgage insurance pre-payment, etc. from information gathered from the LendingTree Network. The calculator and a Reverse Mortgage Loan are not intended to be investment advice, or a recommendation by LendingTree as it cannot guarantee the accuracy of the results. Private mortgage insurance may be required and estimates of the same are used in the calculation, but the calculator does not include taxes and insurance, which are required to be paid during the duration of a Reverse Mortgage Loan. Rates vary by lender, by state, and on consumers LTV and personal financial situation. Terms and Conditions Apply and vary per lender, so ask each lender what costs, fees and terms are available for your personal financial situation.
The Reverse Mortgage calculator is an estimate only and not an offer of credit by any one Lender. Reverse Mortgage requires that one of the homeowners be at least 62 years of age; have a substantial amount of equity in your primary residence and you intend to remain in the home for the duration of the loan. Taxes and interest still have to be paid even while your mortgage payments may stop. Speak with a qualified Reverse Mortgage Counselor to discuss all of your options.
Mortgage rate quotes displayed on LendingTree LoanExplorerSM, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.
LendingTreeAutos obtains listing information from auto dealers and other third parties directly so that you can shop multiple dealers. Prices listed and information provided about a particular vehicle and generally do NOT include sales tax, finance charges, title, license/tag, document fees, delivery charges, emission testing (where applicable) and fees, any or all of which may be added to the price to get the final sale price of a particular vehicle. LendingTree, LLC and LendingTreeAutos does not warrant or represent any information provided by Dealers and notes that you assume the risk of relying on the same as inaccuracies can occur which are outside of LendingTree’s control.
You are not required to accept the price listed and you can negotiate the price of the vehicle and/or the trade-in amount, money down, interest rate, etc. The final sale price and/or trade-in amount received elsewhere may be better than your final Offer.
LendingTree Advertisement Disclosure:
LENDINGTREE, LLC IS A MARKETING LEAD GENERATOR AND IS A DULY 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 a current list of applicable 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 #AK1136; 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 #MLB1136; FL Mortgage Broker License #MBR1298; 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 #MB17994; LA Residential Mortgage Lending License #189; ME Loan Broker License #1136; MD Mortgage Lender License #4737; MA Mortgage Broker License #MB1136 – LendingTree arranges but does not make loans; MA Small Loan Company License #SL0533; MI 1st Mortgage Broker License #FL0016258, 2nd Mortgage Broker Registrant #SR0016259; MN Residential Mortgage Originator License #MN-MO-40127258; MS Mortgage Broker License #1136; MO Mortgage Company License #21-1261, 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 #P50-02291; NH Mortgage Broker License #14208-MBR; NH Small Loan Lender License #23645-SM; NJ Residential Mortgage Broker License #0801779 – LendingTree does not make mortgage loans or commitments or fund 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 arranges mortgage loans with third-party providers; NC Mortgage Broker License #B-113401; ND Residential Mortgage Lender License #ML104625; ND Money Broker License #MB100817; OH Residential Mortgage Lending Act Certificate of Registration #RM.802159.000, 1210 Louden St. #2, Cincinnati, OH 45202; OK Mortgage Broker License #MB002490; OK Credit Services Organization License #CSO00394; 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 #FL002607; SD Mortgage Brokerage License #1136.MB; TN Mortgage License #109266; TN Industrial Loan and Thrift Company Registration #166188; 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 27-Feb-24.
Advertised Terms and Information
The information and disclosures above relate to advertised 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 particular product. The disclosures are current as of the date indicated.
LendingTree is not a lender in any transaction and does not make loans, loan commitments or lock-rates. All credit decisions, including loan approval and the conditional rates and terms you are offered, are the responsibility of the participating lenders and will vary based upon your loan request, your particular financial situation, and criteria determined by the lenders to whom you are matched. Not all consumers will qualify for the advertised rates and terms. APR may be in lieu of rebates or incentives. Dealer participation may affect consumer cost.
You may not be matched with a lender making a particular conditional loan offer, and LendingTree does not guarantee that any lender will make you a conditional loan offer. LendingTree arranges for multiple conditional loan offers through its network of nonaffiliated lenders. See the Terms of Use Agreement for more details. The Terms of Use Agreement governs these advertised Terms and Information.
FICO score means the FICO credit score report that a lender receives from a consumer reporting agency.
At LendingTree, we are committed to providing accurate and actionable content that helps you make informed decisions about your money. Our team of writers and editors follows these key guidelines:
We thoroughly fact-check and review all content for accuracy. We aim to make corrections on any errors as soon as we are aware of them.
Our partners do not commission or endorse our content.
Our partners do not pay us to feature any specific product in our content, but we do feature some products and offers from companies that provide compensation to LendingTree. This may impact how and where offers appear on the site (such as the order).
We review and interview both external and internal reputable sources for our content and disclose sourcing in our content.