• Who is Eave?

    Eave is a digital mortgage lender.

  • Does Eave Offer Competitive Interest Rates?

    We sure do! In fact, our interest rates are on par with or better than the rates private banks give to their very best clients. See our current rates here.

  • What Makes Eave Different From Other Mortgage Lenders?

    There's not just one thing that's different about Eave; it's the whole package. The traditional mortgage process isn't cutting it. It's antiquated and there are so many broken parts to contend with. While other lenders have focused on fixing one or two aspects of what's broken, Eave is the only lender that’s rehauled the entire system from A to Z. The result? A dramatically improved mortgage experience for all credit worthy homebuyers that is transparent, cost effective, in the homebuyers best interest. With Eave, you close quickly and make offers that win — even when competing against all-cash buyers.

    Here’s a summary overview of how we’re different:

    Eave

    Other Digital Mortgage Lenders

    Traditional Lenders

    Full Upfront Financial Underwrite of Borrower

    Tip: Financing delays are common amongst most lenders. Sellers want certainty. The more underwriting you do upfront before making a bid on a home, the stronger your offer will be.

    Yes

    Eave bypasses flimsy pre-approvals entirely. Apply in 30 minutes and we do a full financial underwrite within 24-hours.

    No
    No
    Ability to close

    Tip: Sellers want to know that you’ll close on time, with certainty. Otherwise, they’ll choose another offer.

    Yes

    Eave has closed on time 100% of the time. We have never missed a closing date.

    Varies

    Some lenders are better than others. Be sure and ask prospective lenders what their closing rate success rate is.

    Varies

    Some lenders are better than others. Be sure and ask prospective lenders what their closing rate success rate is.

    Rates

    Tip: Most lenders pre-approve you based upon their advertised rates. You won’t necessarily qualify for this rate. To get a better sense of what rate you’ll actually qualify for, you’ll need to be fully underwritten.

    Consistently Low

    Our rates are consistently lower than national averages and are competitive with what private banks offer to their best customers. And because we skip flimsy pre-approvals upfront, we can give you much more accurate idea of what your rate will actually be.

    Varies

    Digital Lender rates vary, but be careful of choosing a lender based on a “3-minute pre-approval” or their headline rates. Until they put you through a full financial underwrite, they can’t give you a good idea of what your rate will actually be. Most lenders don’t underwrite you until you’re in contract on a home, which can result in unexpected rate hikes.

    Varies

    Traditional lenders rates vary, but be careful of choosing a lender based on a “3-minute pre-approval” or their headline rates. Traditional lenders are known to offer “low rates” only to recapture that “savings” through points and fees.

    Speed

    Tip: Most sellers want to close quickly. That’s why all-cash offers are 97% more likely to be accepted. Sellers know that many lenders promise a quick close, but fail to deliver. And missing a closing date could put your earnest money deposit at risk.

    21-Day Close Guarantee

    Eave will reimburse your lost earnest money up to $100,000, if you can’t close on-time and the fault is ours.

    You can read full details of this guarantee here.
    Avg Time to Close 37 days
    Avg Time to Close 45 days
    Lender Fees

    Tip: These are fees a mortgage lender charges you for originating your mortgage.

    $0
    Varies

    Generally, 1% - 3% of loan value.

    Varies

    Generally, 1% - 3% of loan value.

    3rd Party Closing Costs

    Tip: These are costs paid at closing. They fall into two categories: (1) 3rd Party fees (2) upfronts & escrows. Costs for 3rd party fees are mostly determined by the 3rd party vendor. They include things like appraisal and recording fees, and the cost to inspect the home.

    Learn more about closing costs here.
    Varies

    Eave protects your interests by questioning frivolous fees.

    Varies
    Varies
    Loan Officer Quality

    Tip: The experience you have with a lender will vary substantially based upon the skill of your loan officer. Be sure you work with a quality LO with a strong reputation and proven track record.

    Yes

    Eave loan officers maintain strong review ratings and are available to you 7 days per week. You’ll have a personal LO who sees your loan from start to finish.

    Varies

    Different lenders have different standards for loan officers. Be sure to look up reviews and/or ask for a loan officer for references.

    Varies

    Different lenders have different standards for loan officers. Be sure to look up reviews and/or ask for a loan officer for references.

    Contingency Removal Support

    Tip: Sellers often see contract contingencies as roadblocks. That’s why they tend to choose cash. By removing contingencies where it makes sense, you can make a stronger offer.

    Yes

    For homebuyers with exceptionally strong finances, we can support you should you choose to waive certain contingencies on your offer.

    No
    No
    Safe & Secure

    Tip: This measures whether an institution offers top level security and protects your data.

    Yes
    Yes
    Yes
  • Where Does Eave Operate?

    Eave originates mortgages in California, Colorado, Florida, Oregon, Pennsylvania, Texas, and Washington. We have plans to expand to additional states soon.

  • Is Eave’s Application Secure?

    It sure is! Our system is more secure than the general industry standard and is on par with that of financial institutions. Instead of collecting information via email (a common entry point for hackers), we use a secure website to gather borrower information, often directly from your financial institution. Our experienced technical staff work within our secure software platform. We care about protecting your sensitive information (keeping you secure also protects us!). So we do everything possible to collect, transmit, and store your data safely. If you have further concerns about your privacy and the security of your information, please review our Privacy & Security Policy.

  • This Feels Too Good to be True. What's the Catch?

    There isn't a catch, but we understand why you'd feel that way. We started Eave to rebuild how the mortgage industry works and to put homebuyers first. And that’s exactly what we’ve done.

  • What Happens to a Loan After Eave Originates it?

    Typically we transfer your loan to a regional bank or a financial group two weeks after you close. We'll tell you when this happens. Your rates and terms won't change — just where you send your payments.

    You can always contact us if you have any questions or concerns. While we won't own your loan, we do care about you and want to protect your interests. We transfer our loans only to banks that we trust and we spend, on average, six months evaluating them.

  • Can I Refinance My Mortgage with Eave?

    Not at this time, but we plan to offer refinance loans soon, so please check back.

  • How is the Conditional Eave Approval Better Than a Pre-Approval from Another Lender?

    Our Conditional Eave Approval gives you the certainty and confidence to make a winning offer. Because you've been fully financially underwritten upfront, you know from the very start exactly how much house you can afford. Most lenders don’t fully financially underwrite you until after you’re in contract on a home. Because your financials have been fully underwritten, our Eave Conditional Approval provides sellers the assurance that you'll be able to close quickly and the sale won't fall through because of issues with your finances.

  • How are you affiliated with HomeLight?

    In 2019, Eave was acquired by HomeLight. We joined forces to empower people to achieve the best outcome when buying or selling real estate.