Franchise Opportunity
Franchise Opportunity
The Love Mortgage franchise owner shares our philosophy and is passionate about finding mortgage brokerage franchise opportunities within the industry and providing their community with an honest, transparent guide through every step of the lending journey. We seek financially qualified candidates who are inspired by our mission and want to join us as we build a new model of growth and service nationwide. You should have prior experience as either a loan officer or a mortgage executive, evidence of personal financial integrity and stewardship, proven business leadership skills and acumen, an entrepreneurial spirit, a growth mindset, and strong character.
Franchise owners will spend two days either remotely or at a corporate location for comprehensive training on the Love Mortgage franchise model, both in the classroom and on the job, prior to their Grand Opening. One additional day of in-person training is provided within the first three months of operation, and an additional two days may be scheduled during the first six months of operation. Owners will have access to the Love Mortgage Confidential Operations Manual for daily operations. Our team is available to assist you when you need us. We are always just a call or click away.
The estimated initial investment necessary to begin operations ranges from $67,050 to $88,300. This includes a $25,000 initial franchise fee. As with any new venture, it’s important to have adequate capital to fund the initial business growth stages.
We may provide direct financing to franchise owners or refer to financing sources on a case-by-case basis.
We collect a royalty fee of $1,500 per month if operating with up to three loan originators; each additional loan originator increases the royalty fee by $500. Fees such as these allow us to fund our ongoing Love Mortgage support services and the continued development of programs, marketing tools, training programs, recipes, and systems upgrades. For a full list of fees and requirements, please refer to our Franchise Disclosure Document (FDD).
Love Mortgage franchise owners may be required to spend up to $300 on local marketing each month, and at least $1,500 on their Grand Opening.
The initial term of your agreement is five years, with two subsequent successor agreement options of five years each.
Complete the form below and learn more about the Love Mortgage franchise program!