reAlpha, a real estate technology company, has entered into a definitive agreement to acquire InstaMortgage Inc., an independent mortgage lender.
The proposed acquisition aims to add direct mortgage lending capabilities to complement reAlpha's existing mortgage brokerage operations.
InstaMortgage, founded in 2008 and based in San Jose, is known for its technology-driven approach in helping borrowers secure residential mortgage financing across multiple states.
Strategic Acquisition
The acquisition of InstaMortgage will expand reAlpha's mortgage business capabilities by adding direct lending infrastructure and extending into new markets.
Financial Details
reAlpha will acquire 100% equity of InstaMortgage for approximately $8.5 million, payable in cash and reAlpha common stock, subject to regulatory approvals.
Market Expansion
InstaMortgage's expertise in purchase and refinance loans will enhance reAlpha's position in the mortgage industry, supporting a more coordinated borrower experience.
- The acquisition will enable reAlpha to offer a more seamless homebuying experience by integrating brokerage, lending, and closing processes.
- InstaMortgage's digital-first approach aligns with reAlpha's vision for a modern, AI-powered homebuying platform, enhancing service for borrowers and partners.
The acquisition of InstaMortgage marks a significant step for reAlpha in strengthening its presence in the mortgage market and providing an integrated platform for homebuyers. The company anticipates closing the transaction in the first half of 2026, pending regulatory approvals.