Frequently Asked Questions for Homeowners

LendKey is transforming a $3.2 trillion consumer lending market by enabling the nation’s 13,000+ community financial institutions to enter and succeed in online lending. Our innovative technology matches consumers with community banks and credit unions to create the most transparent, accessible and low-cost borrowing options in online lending.

LendKey Technologies is not the lender, we provide the technology to assist banks and credit unions in succeed online lending.

Yes, as all funds are disbursed to the contractor directly upon homeowner approval.

When the time is appropriate, the contractor will submit a “Disbursement Request”, which will be attached to your online application. LendKey supports multiple disbursements on each loan allowing for better cash management for the borrower and contractor.

Each customer will be asked to review and approve each Disbursement Request digitally in their online
account. Once the request is approved, funds are disbursed to the contractor directly.

Unlike other loans that require specific eligible measures, the LendKey home improvement loan can be used for most home improvement upgrades so long as the contractor performing the work has been approved by us. Exclusions includes: landscaping, above ground pool, separate property structure not on a foundation (pole barn).

There are absolutely no fees to sign up and no fees to utilize the financing. We look to empower our partners with a truly zero fee financing option in conjunction with great rates and terms offered through local banks and credit unions. If you are a contractor interested in partnering with us please click here or send an email to contractors@lendkey.com

No, the LendKey Home Improvement Loan program is completely unsecured and doesn’t require available Home Equity.

Yes, if you have a contractor in mind who would be interested in joining our network, please have them visit this page or email us at contractors@lendkey.com for more information.

You do not need to be an existing customer with a participating Bank or Credit Union. Through our online application, we will match you with Bank or Credit Union you can work with.