We're the only mortgage platform where lenders compete in an auction. By allowing every lender to bid for your loan, we locate the best offer on market. After introducing the winning lender, we manage them for a fast, smooth closing. We stay with you until the end.

We're neither a lender nor broker - we're an auctioneer.

Get borrowers the fastest & easiest closed mortgage, with the lowest rate on market.

We're simply a better method for mortgage borrowing. Our auction software automates the shopping process and locates the best offer, then we manage the winning lender start-to-finish.

Most people know it’s wise to shop and speak to multiple lenders, even our government recommends it. But how, where, and when? There are 10,000 lenders with over 300,000 loan officers, and most require a full application before quoting a rate. For the best results, mortgage shopping requires “insider know-how.” Ever try Google searching "lowest mortgage rates?" Ever had your contact info sold to 5 lenders on a lead platform? Our customers don't have time to waste, especially homebuyers with an accepted offer.

Mortgage shopping is a mountain of marketing ads, salespeople, and complexity. With FUNDED, you're protected and not alone.

Homebuyers with an accepted purchase offer (or imminent). Builder purchases / new construction homes are OK too.

We also help homeowners refinance, or do a cash-out loan on a property they already own.

No - we don't stop your progress with the current lender. We help keep them active and move their process along so you have a backup lender. FUNDED never interferes or eliminates options, we add value on progress achieved.

Consumers with insider experience use this double-app strategy to create a backup lender, especially with a home purchase at stake. Low appraisals and loan failures are beyond anyone's control. We'll guide you and coordinate everything with the lenders - learn more on this FAQ page, our BACKUP LOAN page, and our AGENTS page.

In normal situations, lenders can't execute their best bid (a locked rate at the lowest price), without: a specific property defined; the purchase price; loan amount; and closing date - only an accepted purchase offer finalizes these terms. We can only assist on a pending offer if its acceptance is imminent.

Yes. We work with nationwide, reputable lenders who can close within three weeks or less. The original pre-approval lender doesn't want you shopping around, so they'll tell you that they're faster & safer. There's no truth to that suggestion, especially on a 30-day close. But regardless, we still keep the original lender active as a back-up. It's harmless to have this extra protection, and only FUNDED provides this level of double-app safety:

Closing deadlines are critical. On top of losing your dream home, purchase deadlines can have thousands of dollars at stake. The best practice is to double-app, and get two simultaneous underwriting approvals. If one lender fails - or an appraisal comes in low - the purchase stays alive and momentum remains. We coordinate this by keeping the original lender active, on top of introducing the auction-winner. We guide you closely and facilitate everything, learn more on the FAQs below, our Backup Loan page, and our Realtors page.

Have the agent tell the seller you're creating a back-up to protect the sale, this way they're not caught off-guard. Never say you're switching lenders - this signals that there's a problem with your loan and gets everyone upset. Your agent will be ashamed they didn't guide you toward this expert strategy! But don't scorn them, only a few elite agents have the resources and mortgage background to execute this.

Yes. This strategy is common for savvy homebuyers, and a standard practice in new construction / builder sales. It’s rarely used in resale homes where buyers are without execution support.

The DOUBLE-APP / backup loan strategy helps you shop for the best mortgage price, and it protects all parties from a low appraisal that can cancel the purchase (more info on our BACKUP LOAN page, and our AGENTS page). There aren’t any drawbacks to DOUBLE-APP since lenders don't charge application fees, and if done within a 45-day window multiple applications don’t harm your credit score. We’ll help you tell your agent about the backup - this way the seller isn’t caught off guard when they get two phone calls for the appraisal. We guide you closely and facilitate everything and explain all the particulars. We stay with you start to finish.

A low appraisal can kill your home purchase — and cost you your escrow deposit.. If the appraised value is lower than the sales price you could be forced into making a larger down payment or cancelling the sale. Example: if you’re under contract for a $1M sales price with 20% down, you're expecting a $200,000 down payment and an $800,000 loan (80%). If the appraised value comes in low at $940,000 your max loan would be $752,000 (80%), and your down payment would be increased from $200,000 to $248,000. If your contract doesn’t have any appraisal contingency, you could end up losing your escrow deposit if you cancel the sale.

Appraisal values are subjective, and a lower value doesn't necessarily mean you're over-paying for the home. Appraisers can have different values for the same home at the same time - it's a matter of chance. That's why a BACK UP LOAN for a back-up lender is always a good idea.

The Intent to Proceed (ITP) disclosure has no binding force, so backing out after signing it is harmless. The only time you may be obligated on a mortgage is when you've signed a closing package with a notary public. If you've only signed the "ITP," you're free to designate that loan as a backup and target other loans with better rates. The ITP actually protects consumers by forcing lenders to preserve the terms of a locked loan, and requires the lender to keep your application open.

An upfront appraisal fee - or any upfront fee, like an “application fee” - is usually non-refundable once the appraiser visits the home. You can delay the appraisal on your backup loan to avoid extra costs. If the lender doesn't charge upfront or waives the appraisal, this won't be an issue. FUNDED will guide you through the process to ensure the best outcome.

Yes. Often it makes sense, but not every time.

We would measure savings against any seller incentive to use the builder's in-house lender. Some builders will offer upwards of $50,000 in credits for choosing the in-house, in that scenario it's better to take the money and not use FUNDED. On the other hand some builders don't offer lender tied incentives, and some don't have an in-house lender at all.

Depending on your closing date, we'll review whether to lock your rate now or 60 days before closing. We look forward to discussing your specific situation.

No. Lead platforms are a marketing service for lenders – they promote whichever lender pays them the most. Those marketing expenses are passed on to consumers in the form of higher rates & fees. Lead platforms show you vague offers with incomplete formats, and sell your contact info so salespeople can call you (often many lenders will bombard you!). When your info is sold to lenders, their job is done.

Getting a mortgage is the most hated task in personal finance, but lead platforms leave you to figure it out on your own. The CFPB has recently issued an advisory to put these services on notice, labeling some as "rigged," and "illegal" for "steering."

We’re an auctioneer – we don’t get paid by lenders. Our job is to actually get you a closed loan with the lowest rate, regardless of which lender has it. We micro-manage the lender to ensure they honor their winning price and close the loan fast. Unlike lead platforms, we support you through closing.

First, the obvious: auctions optimize price.

FUNDED is backed by decades of mortgage experience. We review the entire market and ensure the most competitive, reputable lenders place bids. We know which lenders have the thinnest margins and which markets they focus on. We know if there’s a lender pursuing an IPO who seeks volume over profit. We know which loan officers and branches have special pricing authority.

We do this for you with an industry-exclusive locked rate up-front. We audit official disclosures to make sure the rate, fees, and credits all match the winning bid.

We charge our customers a flat fee of $2,168 upon you successfully closing a better loan.

Yes. We'll need to hold off on running an auction until we get more confidence on an approval. We'll locate lenders that can get the job done. 10% down JUMBO flexibility? Low asset reserves? High DTI? Credit score below 680? If isolated, these are challenges we can help overcome.

We currently don't work with lenders who offer non-qualified mortgages; stated-income; credit repair; nor down-payment assistance.

We also don't do commercial loans (commercial buildings / >4 units); 2nd loans (junior liens); nor HELOCs (home equity lines of credit).