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Shopping for a home loan? How about a little extra spending money to invest in your home?

Today, Zillow Mortgage Marketplace is launching a “Special Offer” program in which participating lenders are extending a gift card from Lowe’s® to eligible borrowers who contact them through Zillow Mortgage Marketplace by Aug. 30 and fund a Qualifying Loan (defined below) by Oct. 29.

Based on the popularity of online coupon sites and our experience with our initial pilot program, we are optimistic that Zillow Mortgage Marketplace’s Special Offers program can change the way borrowers shop for mortgages. As we’ve seen in other industries, the existence of deals often:

  • Drives consumer awareness of a particular company
  • Gets consumers “off the fence” and encourages them to transact, and
  • Influences which company or service provider they select.

We believe programs like Zillow Mortgage Marketplace’s Special Offer program can create similar consumer dynamics in the mortgage industry and help drive more business to participating lenders on Zillow Mortgage Marketplace and help consumers get the best deal on their mortgage.

How it works
If you contact a participating lender on Zillow Mortgage Marketplace within the 30 day promotion period and close a Qualifying Loan with a participating lender by Oct. 29, you will get a Lowe’s gift card valued up to $1,000. Gift card amounts range from a minimum of $300 to a maximum of $1,000, depending on loan amount (see chart).
Gift card amounts:

How to get your gift card:
To be eligible, you must contact a participating lender between Aug. 1-30 through a Zillow Mortgage Marketplace loan quote page – either by email or phone. Then, if you apply for and close a Qualifying Loan with this lender, your gift card will be mailed to you shortly after you close your loan. Please be aware that gift card eligibility and approval for a loan is at the sole discretion of the lender.

Definition of Qualifying Loan:

  • Single-family homes (U.S. residences in any state except NY or OH)
  • Home must be used as primary residence
  • Loan amount between $125,000 and $1,000,000
  • Maximum loan-to-value ratio of 96.5%

>> Visit Zillow Mortgage Marketplace now!

If you fund an eligible loan with a participating lender and have not received your gift card, please contact mortgagecs@zillow.com

Have more questions? Contact us at mortgagecs@zillow.com

About the Author

Erin is vice president of mortgages at Zillow. She leads Zillow’s efforts to connect borrowers with lenders, and to empower consumers with the information and tools to make smart decisions about financing homes.

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