LoanDepot Inc. and Onx Homes, a technology-led homebuilder, announced Onx X+ Mortgage, a joint venture that will provide a streamlined financing option for new homebuyers in Florida and Texas.
“LoanDepot and Onx share a mission to support customers throughout their entire homeownership journey, and this new joint venture allows us to deliver sustainable solutions that make homeownership more accessible,” said Dan Peña, executive vice president of national joint ventures for LoanDepot. “We’re so impressed by the approach and speed with which Onx creates not just new homes, but entire communities — it’s an innovative solution for today’s housing shortage, especially for serving the critical first-time homebuyer segment that loanDepot is dedicated to supporting.”
The venture supports Georgetown, Texas-based Onx Homes’ mission to deliver more value at every step of the homeowner journey while expanding loanDepot’s footprint in the purchase mortgage market. The partnership will benefit from Onx Homes’ proprietary design, technology and a customer-centric approach while capitalizing on LoanDepot’s industry expertise and platform.
“This new venture allows Onx Homes to focus on our mission of providing a seamless customer experience for new homebuyers,” stated Ravi Bhat, chief operating officer of Onx Homes. “Through this partnership, we aim to offer homebuyers value and convenience with speed and efficiency, redefining the future of homebuilding. By leveraging LoanDepot’s expertise in mortgage lending, we are creating an exceptional home loan process for our customers.”
