We were moving 1800 miles across country and worked with Chad Pounders at Lit Financial to broker our mortgage. As difficult as remote home buying can be, the financing was the least stressful by a wide margin and I credit that to Chad and his team at Lit. Communication was always quick and Chad showed a ton of patience as we worked through inventory with our realtor. Chad is knowledgeable and was open and honest about our options as we moved through the process. I highly recommend reaching out to Chad and his team at Lit if you are in… Read more →
HomeDollar.
Let your home pay you.
Access your home equity on your terms- borrow when you need it, earn when you don’t.
Best for homeowners who are either interested in a traditional HELOC, or for homeowners with large amounts of idle equity sitting under their roof.
No SSN required. Zero impact to credit.
Your information is never sold.
★★★★★Rated 4.9/5 stars
Get a quote from the experts.
Choose an option below to receive your personalized rate quote instantly.
No Social Security number needed.
No effect on your credit score.
Your details are never shared or sold.
Takes under a minute to finish.
What is HomeDollar?
The first home equity loan that rewards you. HomeDollar is a new way for homeowners to borrow money and earn on it at the same time. Backed by LitFinancial’s stable coin, litUSD, it’s a home equity loan that allows borrowers to use the equity sitting in their home and earn on any amount that remains undrawn.
What is the benefit for me?
litUSD helps lower the cost of your loan and make your payments easier to manage and track in real time. And finally, homeowners can borrow money and earn on the portion of their loan that they aren’t spending. Undrawn HomeDollar balances accrue interest around 3% APY for homeowners, payments come in the form of rebates.
How can LitFinancial help?
This is an innovative, industry-leading solution available exclusively through LitFinancial. We know new products and technologies can seem too good to be true, but this one delivers. Our team is here to guide you, answer questions, and help you put it to work for your unique needs.
Frequently Asked Questions
Let's help make things clearer.
A conventional mortgage is a home loan not insured by the federal government. It typically requires higher credit scores and down payments but offers competitive rates and flexibility.
Interest rates vary based on market conditions, your credit score, loan type, and down payment. Contact us for current rates tailored to your situation.
Most conventional loans require a minimum credit score of 620, though better rates are available for scores above 740. FHA loans may accept scores as low as 580.
Loan limits vary by location and loan type. For 2024, the conforming loan limit is $766,550 in most areas, with higher limits in high-cost areas.
Down payment requirements vary: conventional loans can be as low as 3%, FHA loans require 3.5%, and VA loans may require 0% down for qualified veterans.
Typically you'll need pay stubs, W-2s, tax returns, bank statements, and identification. Self-employed borrowers may need additional documentation.
Private Mortgage Insurance (PMI) is required when your down payment is less than 20%. It can be removed once you reach 20% equity in your home.
Yes, gift funds can often be used for down payments. The giftor must provide a gift letter confirming the funds are not a loan.
Most lenders prefer a debt-to-income ratio of 43% or less, though some loan programs allow up to 50% with compensating factors.
The mortgage process typically takes 30-45 days from application to closing, though it can be faster with proper preparation and documentation.
Get started with our quote tools.
Whether you’re estimating your mortgage costs, seeking to simplify and save through debt consolidation, or aiming to explore and compare various loan options tailored to your needs, our intuitive tools are here to guide you every step of the way.
No SSN required. Zero impact to credit. Your information is never sold.
Why choose LitFinancial?
Experience Matters
When it comes to loan officers, we are experienced experts and take pride in leveraging our knowledge to help you every step of the way.
We Are Your Advocate
Our loan officers are advocates through -out your lending journey. From finding the right mortgage plan, to proactively engaging with key stakeholders on your behalf.
Relentlessly Seeking Solutions
We are committed and passionate about helping borrowers find their best financial fit. We tap our trusted network to look at any and all options.
Lit For Life
Our approach to advising is finding the best solution for each client’s life. We will also be there as your needs change through different life stages.
Advising You Like You’re Family
We are a mortgage partner that takes the time to listen to your needs and goals. We care about each client that tailor our advice for your best outcome.
Leading the Industry
We are constantly modernizing lending models, streamlining treasury operations, and increasing transparency across mortgages. This allows us to bring innovative products and better service to you.
Chris Solinski, Executive Loan Officer
“Nothing is impossible. The word itself says ‘I'm possible!’”
People like LitFinancial
When you love what you do, it shows.
Brandon was incredible to work with throughout my refinance process. He was knowledgable, responsive, and truly went above and beyond to make sure I understood every step. Most importantly, he saved me a significant amount of money. His friendly approachable attitude made what could be a stressful process feel smooth and manageable. Billy, his supervisor was also extremely helpful and supportive. I'm so grateful for their hard word and would highly recommend them to anyone looking to refinance! Read more →
We had an excellent experience working with Chris Solinkski and his team at Lit Financial. He was knowledgeable, professional, and incredibly responsive throughout the entire loan process. His communication was clear, and he kept us updated every step of the way. We truly appreciated how quickly he handled things while still taking the time to answer our questions. We highly recommend Lit Financial and Chris to anyone looking for a seamless lending experience! Read more →
The first call with Keefer was awesome and i immediately felt hopeful that i would get the house of my dreams. Keefer was professional, friendly and very supportive throughout the process. Tiffany and Rima came on board and did a fantastic job together with Keefer. Working with this team has been a great experience that i will never forget about. Keefer held my hand, always giving me updates and encouraged me to keep going and not lose hope, he guided me throughout the process . Rima, Tiffany and Keefer worked so hard for me to get the loan, I’m so… Read more →
We did a refinance on our home, and James Abdallah was very professional, assisting us every step of the way with any information we needed and answering any questions that we had. The entire process was very fast and we felt very comfortable with how knowledgeable he was. He was easy to contact and available at all times for us. We ended up getting the deal that we wanted with a quick turnaround time. A special thanks to Lex and Sue as well for their help as part of the team! I highly recommend working with the Lit Financial team… Read more →