Overview
- reAlpha announced a definitive agreement to buy InstaMortgage for approximately $8.5 million, with closing targeted for the first half of 2026 pending regulatory approvals.
- The company said it will fund the cash portion with cash on hand and issue common stock for the remainder.
- InstaMortgage, founded in 2008 and based in California, is licensed in 32 states and reports more than $4 billion in originations over the past five years.
- Data from mortgage technology platform RETR shows about $240 million in volume over the past 12 months through 56 loan officers.
- Executives said combining InstaMortgage’s direct lending and multistate infrastructure with reAlpha’s brokerage will reduce handoffs and deliver a more coordinated borrower experience.