Not all loans are created equally
We’ve taken the steps to create a financial tool that not only helps you achieve your goals, but one that respects the time and effort you’ve put into your home throughout the years.
Monthly payment free*
We've built the Fraction Mortgage with no required monthly payments, no hidden fees, and removed all of the confusing financial jargon to help you find the ideal financial solution.
Access to fairer financial solutions
Fraction understands how challenging it can be to save in this economic environment. We offer no required monthly payments* and help you support your financial future.
A look at our variable interest rates
At the end of your term, we calculate your interest rate based on the change in value of your home.
*Interest rate shown is a compound interest rate. If you are in Washington, your rate will be a simple interest rate, which is 8.71% APR - 15.23% APR*. Chart is for educational purposes. Rates shown may not reflect the rate for your region.
A guaranteed minimum rate
No matter your income or credit score, every Fraction customer qualifies for our minimum rate.
Rates that protect your equity
Your interest rate will correspond to the appreciation of your home if appreciation falls between our minimum and maximum rate.
A capped maximum rate
For high growth homes, we've capped our maximum interest rate.
To see our current rates, visit our rates page.
Quick & easy
Fraction has reimagined how mortgage lending works from the ground up. Our first-of-its-kind financial platform completely digitizes the mortgage application process, helping you access funds quicker with no required monthly payments.*
And we’ve made it easy. Prefer to speak to a human rather than apply online? We’re with you every step of the way.
One mortgage. Two life-changing solutions.
Perfect for homeowners looking to unlock tax-free cash to purchase a second home, consolidate debt, and cover other large expenses.Learn more
Ideal for homeowners looking for flexible terms. With no monthly payments required* and open payback terms, you can enjoy homeownership on your terms.Learn more
So, what’s the catch?
There are upsides and downsides to every loan, no matter how ideal the benefits are. Here’s what you should know about the Fraction Mortgage.
You have to pay an origination fee (included in your loan) and out of pocket costs, such as an inspection and appraisal.
If you choose to refinance with Fraction, you will be subject to a 1% refinancing fee.
Primary applicants must have a minimum FICO score of 640 and specific maximum loan-to-value (LTV) to qualify for a 5 year term.
Fraction only offers a 5 year term (which can be renewed*) vs. other providers who offer up to 30 years.
We welcome you to make prepayments and draws. However, once the draw period ends, you will no longer be able to redraw any prepaid funds.
How we stack up against the rest
Learn how Fraction is different from existing home financing options.