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GlobeNewswire·

Opendoor Home Loans Exits Beta With Fixed- and Adjustable-Rate Mortgages

  • Opendoor Home Loans exited beta on September 4, 2026, offering 30-, 20-, & 15-year fixed-rate mortgages.
  • The platform now provides 5/6, 7/6, & 10/6 adjustable-rate mortgage options alongside fixed terms.
  • The launch coincides with rising mortgage rates, as Freddie Mac reported a 6.71% average for 30-year fixed & 6.04% for 15-year fixed mortgages on September 3.
  • CEO Kaz Nejatian stated the service aims to reduce costs & friction by integrating financing into the homebuying process within a single system.
  • Key features include prequalification in minutes without a hard credit pull, digital applications, & online income & asset verification.
  • The service is available for any home purchase in licensed markets, not limited to homes sold by Opendoor.
  • Eligibility, rates, & terms vary based on borrower credit profile, loan-to-value ratio, property location, & other factors.
  • Opendoor Home Loans operates under NMLS ID #2810193 & is an Equal Housing Lender subject to credit & underwriting approval.