Everything You Need To Know About Goodleap

Loan & Credit 16th May, 2023 5 Mins Read

Do you want to upgrade your home and save money? Well, if you are from the US, GoodLeap can help you with that. They help homeowners find financing for upgrading to green homes while also saving money.

Whether you are a homeowner looking into this company or just curious, this article will provide valuable information. So, without any delay, let’s start.

About Goodleap

About Goodleap

Goodleap LLC is a fintech company offering home improvement solutions for people looking to improve their homes while also saving money. Hayes Barnard, Jason Walker, and Matt Dawson founded the GoodLeap Company in 2003. It is a point-of-sale technology that helps more than 380,000 homeowners find fast and simple solutions for home improvement – but it is also low on budget.

There are lots of people-friendly financing options for people dreaming of living a sustainable lifestyle through the use of modern technology. They have more than 40,000 sales professionals working with them to help homeowners find financing for their home purchases or refinancing. Their effort is focused on caring for the planet and building relationships with their customers.

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Is Goodleap A Bank?

Is Goodleap A Bank

Now, many customers and homeowners might think of Goodleap as a bank. However, it is not a bank. Instead, it is a financial technology company located in San Francisco. Consumers get access to lots of different types of residential lending services, such as mortgages, solar product financing, and loans for home improvement.

So, it is not a bank. But, homeowners can avail of different home improvement financing from them while paying a minimum interest. However, when the company was founded, it was named Paramount Equity.

What Is The Interest Rate For GoodLeap Loans?

What Is The Interest Rate For GoodLeap Loans

If you are considering loans from GoodLeaps, you can opt for 10 years or 12 years of tenure. The interest rates for the loans within that tenure are 2.99% to 7.99%. You can also take 12 years loans with an interest rate of 2.99% to 4.49%.

GoodLeap charges their borrowers with an APR (annual percentage rate). This APR includes both the interest rate and interest finance charges. So, assumable, you have to pay a little more than the interest rate. The loan percentage will be evaluated based on different things, such as your credit information and your application. These parameters will determine whether you are getting the lowest interest rate or not.

The additional fees you might be paying usually include the Transfer fees and UCC termination fees( $200 and $50, respectively). However, no additional fees will be charged if you have taken a loan of $5000 or less.

Is GoodLeap A Public Company?

Is GoodLeap A Public Company

Yes, surprisingly, Goodleap was responsible for 41% of the solar loan market in 2021, which might tempt you to want to buy their stock. But unfortunately, GoodLeap is not a publicly traded company, it is a private company. If you are interested in selling or buying private company shares, then you can look for options like Forge. You can register on Forge and explore your different options.

What Are The Highest Paying Jobs At Goodleap?

What Are The Highest Paying Jobs At Goodleap

Homeowners have the best opportunity to get financing for home improvement thanks to the services of GoodLeap. They also provide financing for solar equipment installments to homeowners. GoodLeap is a good fin-tech service provider for customers. However, what are the job opportunities in GoodLeap and other financial service-providing agencies?

Well, Goodleap, formerly known as LoanPal, provides ample financing opportunities to people looking for jobs. They have employed around 1300 people across different positions in the US. They have people working for them in different locations, such as Roseville, San Francisco, Phoenix, Irvine, Kansas City, California, and Bentonville, Arkansas.

GoodLeap also claims to offer flexibility and different benefits to their employees and their families. Their health and wellness programs will greatly help their employees. They also offer time off and other benefits to their employees aside from the handsome salary for most of their job roles.

Here are some of the highest-paying job roles in Goodleap –

  • Product management
  • Software engineering
  • Business intelligence
  • Partner risk analyst
  • Director of Capital Markets
  • Staff DevOps Engineer
  • Information technology
  • Assistant Collections Manager
  • Data analyst

Goodleap Alternatives

However, if you are planning to take help from other home improvement companies, then there are some alternatives and competitors of GoodLeap that you can try out. Here are some of those companies –

Renovate America

Renovate America

This is one of the best alternatives to Goodleap when it comes to providing home improvement financing services to American citizens. The subsidiary company was founded in 2008, and they are widely and usually tagged as financial services, fin-tech companies, and home improvement companies. The company is headquartered in San Diego they have raised $146m in the fund until now.

Sunlight Financial

Sunlight Financial

Sunlight Financial is a financial service for homeowners looking for solar home improvement funding. The company is based in New York, and it started its journey of offering these financial services to homeowners in 2014. They are active and engaging on social media and have a wide base of satisfied customers. Solar Financial has raised $ 585m in funds until now.

Solar Mosaic

Solar Mosaic

These companies are not completely for home improvement financial services. However, if you are looking for solar home improvement options, then Solar Mosaic can serve as a good alternative to GoodLeap.

IDirect Home Loans

IDirect Home Loans

IDirect is a home loan service agency that helps its clients find property mortgages for their loans. Similar to Renovate, American IDirect Home Loans is also based in San Diego. Starting only a year after GoodLeap, IDirect has earned the trust of thousands of customers.

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Bottom Line

GoodLeap is one of the best financial service-providing companies for homeowners. Of course, there are alternatives, but if you are looking for similar services, you can check out what they have to offer. I have provided all the necessary information on this company in this article. Customers can use their services for smart home improvement through fin-tech solutions.

I hope that this article was helpful. However, if you need additional help, please let us know through the comment section. However, if you have any additional queries, Please tell us through the comment box. We will reach out soon.

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Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.

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