Fraction is now partnering with mortgage brokers across Washington
Fraction (NMLS ID 2084341), is now supporting brokers throughout Washington state. Our new program enables mortgage brokers to provide their clients access to up to $1.5 million in tax-free cash with no required monthly payments or penalties.*
Help homeowners and close more deals
Fraction has recently entered the US market, having launched in Washington State earlier this year. The launch of this new broker program follows our proven success and growth in the Seattle area.
“Thanks to the great response we’ve had working with broker partners across Canada, launching our program to Washington State seemed like the natural next step,” said Hayden James, CEO and Co-Founder of Fraction. “Mortgage brokers have long been a trusted partner of Fraction. We’re excited to partner with brokers across the Evergreen State to provide their clients with this first-of-its-kind product.”
Fraction is working closely with leading brokerages across Washington State to help them build their business with Fraction’s innovative financial solution. When you work with Fraction, brokers have exclusive access to a fairer, more flexible lending solution that homeowners would not typically find on their own. Fraction works closely with each broker to find the right program and mortgage product for their clients. We go the extra mile. Check out a recent review from one of our broker partners below.
Providing homeowners with the financial options they need
Fraction's loans feature no required monthly payments* and are a flexible way for homeowners to tap into their home’s equity. Since monthly payments are optional, clients need much less income to qualify than they would for a traditional product - which in turn allows them to pay off debts they wouldn't be able to if they had a mortgage payment. In fact, a Fraction Mortgage can help borrowers potentially cut their existing debt payments in half on average, achieved through eliminating their monthly mortgage payments.*
Often homeowners seek ways to access the hard-earned equity locked in their homes for large expenditures or diversifying income – examples include consolidating or paying off debt, funding home renovations, launching a business, or helping a child pay for a home or attending college.
While in need of solutions, many homeowners aren’t interested in taking on more monthly obligations. Fraction allows them to access the built-up equity in their homes with no required monthly payments and an interest rate tied to their local market's value.
To qualify for a Fraction Mortgage, homeowners must, at a minimum*:
- Have at least 55% equity in their primary, secondary, investment or vacation home.
- Have a minimum credit score of 640.
- Be at least 18 years old.
We are excited to support mortgage brokers as they help homeowners find the right solution to take equity out of their home.
Washington Brokers: interested in working with us?
Schedule a call today with our sales team. Find out how you can help your clients unlock up to $1.5m of their home equity.
Jacob Rissman (NMLS ID 1994019) is the Director of Sales and Vince Pace (NMLS ID 1916940) is a Loan Consultant at Fraction. Schedule a call with them to get your clients funded in no time.
Contact Jacob: (206) 594- 0928
Contact Vince: (206) 531-2891
*Approval is subject to final underwriting, including review and verification of your credit history, income, and property.