OfferMarket is gaining attention among real estate investors for its commission-free marketplace and private lending solutions. But does it live up to the hype? In this blog post, I’ll walk you through everything I found—good, bad, and in between—so you can decide if OfferMarket fits your investing strategy.
Key Takeaway:
- OfferMarket is a commission-free real estate marketplace tailored for investors.
- Offers fast closings (as quick as 10–14 days) and flexible loan options.
- Provides DSCR, fix-and-flip, and fix-and-rent loans in all 50 U.S. states.
- No agent commissions means lower transaction costs for buyers and sellers.
- Some users report delays in communication, and the platform is not BBB accredited.
- Great for experienced investors looking for speed, convenience, and off-market opportunities.
- Visit Offermarket here
What Is OfferMarket?
OfferMarket is a platform built for real estate investors. It connects users with off-market property listings and provides investor-friendly loan options like DSCR loans, fix-and-flip loans, fix-and-rent loans, and even landlord insurance.
Key Features & Services
1. Off-Market Listings
- Browse properties not yet listed on the MLS
- Use filters to narrow down based on price, location, or ARV
- Place offers directly through the platform
2. DSCR Loans
- Based on property cash flow instead of personal income
- Ideal for rental investors and portfolio owners
- Loans available in all 50 states
3. Fix-and-Flip / Fix-and-Rent Loans
- Fast funding, often in under two weeks
- Flexible terms and loan amounts
- Designed to support high-ROI renovations
4. Landlord Insurance
- Access to property insurance during loan origination
- One-stop-shop for financing and risk management
Pros and Cons
Pros:
- Fast closings, often under 14 days
- Competitive rates and flexible terms
- No agent commissions—lower total cost
- Streamlined digital application process
Cons:
- Some users reported slow communication
- Fee breakdown isn’t always upfront
- No BBB accreditation, which could be a concern for cautious investors
Fee Breakdown
| Fee Type | Typical Range | Notes |
|---|---|---|
| Origination | 1–2% of loan amount | Paid at closing |
| Interest Rate | 6.75%–12%+ | Varies by loan type and credit |
| Appraisal & Services | $500–$1,200 | May be upfront or rolled into loan |
| Insurance Premium | Varies | Based on state and property details |
Application Process
Step 1: Submit basic property details and borrower info online
Step 2: Upload documents (repair costs, title reports, etc.)
Step 3: Appraisal and underwriting take place
Step 4: Final closing with electronic signing and funding
Who’s Eligible?
- Residential properties (1–4 units)
- Loan amounts from $50K to $5M
- Minimum credit score: 620+
- Experience helps but not always required
Customer Experience
The dashboard is clean and user-friendly. You can track your application progress, upload documents, and chat with support. While the overall platform experience is positive, a few investors said they had to follow up more than once to get updates.
Real-Life Case Study
One investor found a 2-unit property through OfferMarket, got a $300K fix-and-flip loan at 8.5%, and closed in just 12 days. After renovation, the project returned a 10.2% cap rate. Fast closing and streamlined underwriting made it possible.
Competitor Comparison
| Feature | OfferMarket | LendingOne | Patch Lending | Kiavi |
|---|---|---|---|---|
| Loan Types | DSCR, Flip, Rent | Rehab, Rental | Hard Money, Crowdfund | DSCR, Bridge |
| Rate Range | 6.75%–12%+ | 7.19%–12.9% | 8%–14% | From 6.75%+ |
| States Covered | 50 | 41 | 30+ | 50 |
| Minimum Credit Score | 620+ | 600 | 640 | 680+ |
| Typical Closing Time | 10–14 days | 14–21 days | 21–30 days | 7–10 days |
| Marketplace Access | Yes | No | No | No |
For DSCR Loan lenders, check here.
FAQs
What is OfferMarket?
OfferMarket is an online real estate platform designed specifically for investors seeking off-market properties and access to private lending options. The platform stands out by eliminating traditional agent commissions, offering a more direct and cost-effective route to purchasing and financing real estate. It simplifies the buying and borrowing process by providing tools, resources, and listings tailored to landlords, flippers, and buy-and-hold investors across the United States.
Is OfferMarket legit?
Yes, OfferMarket is a legitimate real estate investing platform. It is widely used by investors looking for faster closings, reduced fees, and easier access to financing. Although it’s not accredited by the Better Business Bureau (BBB), the platform has gained credibility through successful transactions, positive user testimonials, and an intuitive digital infrastructure that simplifies real estate deals from start to finish.
How does OfferMarket work?
OfferMarket operates as a dual-service platform—offering both a real estate marketplace and lending solutions. Investors can browse and place offers on off-market properties, while also applying for investor-focused loans like DSCR or fix-and-flip funding. The end-to-end system is digitized, making it easy to submit applications, upload documents, and track the status of deals in real time.
What types of loans does OfferMarket offer?
OfferMarket provides a variety of investor-friendly loan products, including DSCR (Debt Service Coverage Ratio) loans, fix-and-flip loans, fix-and-rent loans, and new construction loans. Each is designed to meet different investment strategies. For example, DSCR loans focus on rental income rather than personal income, making them ideal for landlords, while fix-and-flip loans offer fast capital for short-term renovation projects.
Who can use OfferMarket?
OfferMarket is built primarily for real estate investors—both individuals and LLCs—who are looking for efficient financing options and access to off-market properties. Whether you’re a seasoned investor managing a portfolio or a beginner looking for your first rental property, OfferMarket offers scalable solutions. The minimum credit score requirement is usually around 620, making it accessible to many.
What are the benefits of using OfferMarket?
The biggest advantages of OfferMarket include faster closings (as fast as 10 days), no agent commissions, flexible loan terms, and a streamlined digital process. Investors appreciate the ability to control the deal from one platform, cutting down on time-consuming paperwork and third-party coordination. Plus, the competitive interest rates and transparent fee structure make it a cost-effective option for serious investors.
Does OfferMarket charge commission fees?
No, OfferMarket does not charge the traditional 3–6% commission fees seen in realtor-led transactions. This fee-free model allows buyers and sellers to save significantly on closing costs, increasing profit margins for investors. However, standard lending fees like origination and appraisal fees still apply if you use their financing services.
How fast can I close on a loan with OfferMarket?
Closing timelines on OfferMarket can be impressively fast—often between 10 to 14 days, depending on the complexity of the transaction and the responsiveness of the borrower. This speed is made possible by their tech-driven application process and a dedicated underwriting team that specializes in investment loans.
Are there any upfront fees?
While OfferMarket doesn’t charge commissions, there may be some upfront costs such as appraisal fees or administrative fees depending on the loan type. These costs are typically disclosed early in the loan process and may range from $500 to $1,200. In some cases, fees can be rolled into the loan amount, offering more flexibility to borrowers.
What credit score do I need?
Most OfferMarket loans require a minimum credit score of 620. However, stronger credit profiles can unlock better rates and terms. The platform also considers asset documentation and the income generated by the property, particularly for DSCR loans, which focus more on rental cash flow than personal income.
Can I get a loan through OfferMarket if I’m self-employed?
Yes, OfferMarket is an excellent option for self-employed investors. Traditional banks often require extensive income verification, but OfferMarket’s loan products—especially DSCR loans—are based on the property’s income, not the borrower’s W-2 or tax returns. This makes it ideal for entrepreneurs and small business owners investing in real estate.
Is OfferMarket available in all states?
Yes, OfferMarket services all 50 U.S. states, offering national coverage for both property listings and loan origination. Whether you’re in a major metro area or a smaller town, the platform connects investors with lending solutions and property opportunities across the country.
How does OfferMarket’s DSCR loan work?
OfferMarket’s DSCR loan evaluates the property’s rental income relative to its debt obligations rather than the borrower’s personal income. This loan is ideal for rental property investors, especially those with multiple units or limited documented income. DSCR loans often have flexible documentation requirements and can fund properties based solely on projected or actual rental performance.
Can I use OfferMarket for house flipping?
Absolutely. OfferMarket is a great tool for flippers who need short-term capital. Their fix-and-flip loans are tailored for quick projects, offering fast funding, minimal red tape, and the ability to use the after-repair value (ARV) to secure higher loan amounts. This makes it easier for flippers to act fast on undervalued properties and generate solid returns.
What documents do I need to apply?
Typically, you’ll need a government-issued ID, credit report authorization, entity formation documents (if borrowing as an LLC), property details, purchase contract, and a scope of work if applying for a rehab loan. For DSCR loans, you’ll also need a rent roll or lease agreement to verify income.
What’s the average interest rate?
Interest rates vary depending on the loan type, property location, borrower’s credit score, and LTV. Generally, OfferMarket loans start around 6.75% for well-qualified borrowers and can go as high as 12% for riskier or short-term projects. DSCR and rental loans tend to offer more favorable rates than fix-and-flip loans.
How secure is OfferMarket?
OfferMarket uses modern encryption protocols and secure cloud infrastructure to protect user data. All sensitive information is transmitted securely, and users can manage everything from document uploads to e-signatures within the platform. While it’s not a bank, OfferMarket follows industry best practices for security and compliance.
What kind of properties can I finance?
OfferMarket supports financing for a variety of residential investment properties, including single-family homes, duplexes, triplexes, and fourplexes. Some loans may also extend to small multifamily buildings and new construction projects, depending on eligibility. Commercial properties and owner-occupied homes are typically not supported.
Can I refinance with OfferMarket?
Yes, OfferMarket offers refinance options, including cash-out refinancing for rental properties. Investors can use refinancing to lower interest rates, extend loan terms, or pull equity from existing holdings to fund new deals. The process is similar to their standard application, and they often provide quicker turnaround than traditional lenders.
Is OfferMarket good for beginners?
OfferMarket is beginner-friendly in many ways. The streamlined application, simplified lending terms, and fee-free property marketplace help new investors navigate their first deals with less friction. However, it’s still important for beginners to do their due diligence, as investing always carries risk—even with the right platform.
Final Thoughts
OfferMarket is a solid option for real estate investors who want speed, flexibility, and access to off-market deals. While the lack of BBB accreditation and occasional support delays are worth noting, the platform’s fast closings, investor-first design, and integrated tools make it stand out—especially for DSCR loan seekers and fix-and-flippers.