Prospective homebuyers who want to purchase homes to live in but can’t qualify for a traditional mortgage may soon be able to obtain a loan from a real estate crowdfunder. LendingHome — which has raised over $550 million from institutional and individual investors to fund mortgages for developers — is in the process of expanding into funding mortgages for owner-occupant homebuyers.
- Prospective owner-occupied homebuyers who can't qualify for traditional financing may be able to tap real estate crowdfunder for alternative financing.
- LendingHome might bring benefits of crowdfunding to consumers.
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