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.
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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.
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, Branch Manager
“Nothing is impossible. The word itself says ‘I'm possible!’”