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.
No monthly payments
We've built the Fraction Mortgage with no monthly payments, no hidden fees, and removed all of the confusing financial jargon to help you find the right financial solution to meet your needs.
Eliminate monthly payments with a Fraction Mortgage and open up a whole world of possibilities.
Access to fairer financial solutions
We keep things simple and fair for homeowners. Other home loan interest rates are either fixed or based on a central bank’s prime rate.
Fraction's interest rates are variable and based on your home's appreciation, with a fair minimum and maximum cap.
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.
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 match your home’s appreciation rate if the appreciation rate is higher than our minimum rate and below our 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 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.
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.
Out of pocket expenses
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.
FICO and LTV expectations
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.
Paying Fraction back
If you’re exiting or ending your term early, you must pay your entire lump sum amount back in full. We don’t accept partial payments.
How we stack up against the rest
Learn how Fraction is different from existing home financing options.