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 loans can be confusing and full of jargon.
Fraction's terms are clear and simple, and we will walk you through the whole process to make sure you understand everything before you sign.
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 appraisal and potentially an inspection.
A growing balance
Unlike most mortgage products which get paid off over time with monthly payments, Fraction's loan grows over time. This means you end up owing more at the end of term than at the start.
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.
5 year terms only
Fraction only offers a 5 year terms for your mortgage, although you can pay out whenever you want without penalties.
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.