Finance
Mortgages
Best Mortgage Lenders

Best Mortgage Lenders

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Updated: 09/01/2023

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Financing is a major part of the homebuying process. And since we’re talking about potentially hundreds of thousands of dollars (or more), finding the best mortgage lender for your financial situation is almost as important as finding the property itself. With so many mortgage lenders in the marketplace, though, it can feel overwhelming finding the right one.

Our research team vetted 86 mortgage companies reviewed by more than 5,000 people. You can read our full methodology to learn more about how we compared different lenders and chose our top picks.

Our editor's top picks

Best online lender: Rocket Mortgage
Best for flexible terms: New American Funding
Best for customer service: AmeriSave Mortgage
Best for quick closing: Network Capital Funding
Best credit union lender: PenFed Credit Union
Best for no down payment: Northpointe Bank
Best bank lender: US Bank
Best for low fees: Guaranteed Rate Mortgage
Best for first-time homebuyers: Zillow Home Loans
Best for military members: Navy Federal Credit Union

Note that our picks may be Authorized Partners who compensate us. This does not affect our recommendations or evaluations but may impact the order in which companies appear.

Why trust ConsumerAffairs?

Our recommendations are based on what reviewers say.
4,338,283 reviews on ConsumerAffairs are verified.
We require contact information to ensure our reviewers are real.
We use intelligent software that helps us maintain the integrity of reviews.
Our moderators read all reviews to verify quality and helpfulness.

Current mortgage rates

Rates are effective 11/10/2023 and are subject to change without notice. APR shown is provided by a partner of ConsumerAffairs.

Product	APR
	7.896%-0.01%	Get Rates
The APR shown of 7.896% is available for a 30-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%.
	7.497%0.0%	Get Rates
The APR shown of 7.497% is available for a 20-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%.
	6.807%0.0%	Get Rates
The APR shown of 6.807% is available for a 30-year VA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%.

	6.635%0.0%	Get Rates
The APR shown of 6.635% is available for a 10-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%.

Rates are subject to change, Use is subject to Terms of Use

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Help me Decide

Compare our top 10 mortgage companies

	Rocket Mortgage	New American Funding	AmeriSave Mortgage	Network Capital Funding Corporation	PenFed Mortgages	Northpointe Bank	US Bank Mortgages	Guaranteed Rate Mortgage	Zillow Home Loans, LLC	Navy Federal Credit Union Mortgage
Rating	4.0	4.6	4.7	4.9	1.0	Pending	1.0	3.9	3.7	1.0
# of reviews	1,545	828	5,535	1,126	2	0	4	202	118	12
Our pick for	Online lender	Flexible terms	Customer service	Quick closing	Credit union lender	No down payment	Bank lender	Low fees	First-time home buyers	Military members
Purchase options	Conventional, jumbo, FHA and VA loans	FHA, USDA, conventional, refinance, HELOC and reverse	FHA, VA and USDA loans	Conventional, FHA, VA and refinancing	Conventional, jumbo, FHA and VA loans, HELOC	Conventional, FHA, VA, USDA, jumbo loan,HELOC and home equity	Conventional, FHA, USDA, VA and jumbo loans, HELOC and home equity	Conventional, FHA, VA, ARMs, interest-only,jumbo and HELOC	Conventional, VA and FHA loans	Conventional, VA, HELOC
Refinancing options	Cash-out, rate and term	Cash-out, rate and term, cash-in	Cash-out, rate and term	Cash-out, rate and term	Cash-out, rate and term	Cash-out, rate and term	Cash-out, rate and term	Cash-out, rate and term	Varies by state	Cash-out, rate and term
Min. credit score	580 to 620	580 to 640	600 to 620	580 to 620	580 to 650	Undisclosed	Undisclosed	580 to 620	580 to 620	Undisclosed
Max. loan amount	$2.5 million	Undisclosed	$1.5 million	Undisclosed	Undisclosed	Undisclosed	Undisclosed	Undisclosed	Undisclosed	Undisclosed
	Read reviews	Read reviews	Read reviews	Read reviews	Read reviews	Read reviews	Read reviews	Read reviews	Read reviews	Read reviews

All information accurate as of time of publication.

More details about our top 10 mortgage lender picks

Best online lender

Rocket Mortgage

4.0

1,545 reviews

Loan types: Conventional, FHA, VA, jumbo, YOURgage and ONE+
Minimum FICO score: 580 for government-backed loans; 620 for conventional
Minimum down payment: 0% to 5%
NMLS ID: #3030

Rocket Mortgage is an online mortgage company developed by one of the largest national lenders (Quicken Loans). Loans are available nationwide. Borrowers can get conventional, jumbo and some government-backed loans with a rate lock of 90 days. No HELOC loans are available, but home equity loans are.

The application process takes place entirely online. The minimum credit score required depends on the type of loan you’re interested in (lower for FHA and VA). It can take up to three days to get preapproved, and the time to close averages between 30 and 45 days.

Some of the reasons Rocket Mortgage stood out were:

Mortgage options for borrowers with lower credit scores
Fast approval and closing
Nationwide availability

Before choosing Rocket Mortgage, consider the following:

No HELOCs available
No in-person services

Rocket Mortgage receives a mix of positive and negative reviews. On one hand, you have reviews such as Kregg from Minnesota touting: "Loula was awesome. This is the second time she has helped me buy my house. She really does care and does everything possible to get it done. I will recommend her to everyone. My deals have never been easy and she has always worked through all the issues.”

However, some reviews noted trouble with various issues and were unhappy with the customer service solutions.

Jodie from Colorado noted: “I called three weeks before they were scheduled to pay my annual insurance premium and asked them not to pay it to my current carrier because I was changing companies. They disbursed it anyway even though the account said DO NOT PAY. Now I have to try to get the money back to return it to them so that my escrow account is not short from a double payment when they disburse the money to the new carrier.”

Best for flexible terms

New American Funding

4.6

828 reviews

Loan types: Conventional, FHA, VA, USDA, refinancing, reverse mortgages, etc.
Minimum FICO score: 580 to 640
Minimum down payment: 0% to 5%
NMLS ID: #6606

New American Funding is a tech-driven mortgage company that works with borrowers from diverse financial backgrounds. You can complete the entire application online, and preapproval typically takes a day or two. The company works with lenders across the credit score spectrum, so you may be able to qualify even if you have poor credit (through its I CAN program).

Borrowers can get a variety of mortgage loans with New American Funding, including conventional, FHA, USDA and refinancing. Reverse mortgages and home equity loans are also available, as are zero-down payment options, so you can find the best repayment terms for your particular financial situation.

A team of loan officers helps find the best mortgage option for you. Closing times vary, but there is a close-on-time guarantee. New American Funding services loans after closing, too, helping you maintain your lender relationship.

Some of the highlights for New American Funding include:

Close-on-time guarantee
Options for people with nontraditional credit history
Helpful loan officers for first-time homebuyers

Consider the following if you choose New American Funding:

Select fees will apply
May have to pay points to keep mortgage rate
Few physical branches

New American Funding receives high customer satisfaction ratings and multiple positive reviews from ConsumerAffairs readers.

For example, Kyler in Oklahoma writes: “New American Funding is at least worth a try. They are out of reach for Oklahoma in terms of being able to actually have an office. If you're looking for someone with an office here, it probably wouldn't be ideal. But if it's something that you're okay with, it wouldn't be an issue.”

Numerous reviews remark on overall satisfaction with the lending process, including Constance from Florida, who writes: “The rep answered any questions I had and sent the paperwork. It was a very fast and easy process.”

Best for customer service

AmeriSave Mortgage

4.7

5,535 reviews

Loan types: Adjustable or fixed-rate conventional, FHA, VA, USDA and cash-out refinancing
Minimum FICO score: 600 to 620
Minimum down payment: 0% to 3.5%
NMLS ID: #1168

AmeriSave is a direct lender in 49 states (not New York) and Washington, D.C. It has a relatively easy-to-navigate online application, helpful loan officers and competitive interest rates. A wide assortment of positive reviews online highlight the company’s emphasis on customer service.

If you’re buying a house, you can get pre-qualified and close on the loan in as little as 25 days. It’s possible for refinancing to take less than a month.

Borrowers will need a minimum credit score of 600 (620 for some mortgages) and a down payment of up to 3.5%. Multiple mortgage options are available, including government-backed and conventional loans. Home equity loans and HELOCs are available as well.

The application process takes place entirely online, so if you want an in-person option, you’ll need to use another lender. There are no origination or application fees for mortgages (fees do apply for HELOCs and home equity loans), but you will need to pay closing costs up to 5%.

AmeriSave’s stand-out features include:

Variety of loan options
No origination or application fees
Fast closing times

Before choosing AmeriSave, consider the following:

No in-person branches
Not available in New York

Amerisave receives a wide variety of positive reviews from ConsumerAffairs readers. Numerous reviews comment on an easy, hassle-free application and loan process.

For example, Christina in Georgia commented: “The process at AmeriSave was very easy. The application was very self-explanatory. Their customer service was very good. The payment is easy to manage and the ability to take some equity out of the home to pay off other debts was amazing.”

Best for quick closing

Network Capital Funding Corporation

4.9

1,126 reviews

Loan types: Conventional, FHA, VA and refinancing
Minimum FICO score: 580 to 620
Minimum down payment: Varies
NMLS ID: #11712

Network Capital has competitive rates and a straightforward process for FHA, VA and conventional loans. No USDA, HELOC or home equity loans are available. An online application process can get you started with a quick-closing loan through Network Capital.

You can check the rate options online through the Network Capital website; fixed- and adjustable-rate mortgages are available. The credit score you’ll need to qualify for a loan varies (580 for government-backed, 620 for others), and you’ll need a debt-to-income (DTI) ratio of 36% or lower for a conventional loan.

There are no origination, application or underwriting fees, but you should expect to pay closing costs that will include an appraisal fee, title fees and escrow.

Network Capital offers loans to borrowers in 43 states. It does not serve Connecticut, Georgia, Massachusetts, Missouri, New Hampshire, Nevada or Utah. You can close on a home loan in as few as 15 business days (from “intent to proceed” to signing the closing documents).

Things we like about Network Capital include:

Quick closing times
No lender fees
Adjustable and fixed-rate loans available

Consider the following if choosing Network Capital:

Relatively limited loan programs
Only available in 43 states
Maximum 36% DTI ratio allowed for conventional mortgages

It’s easy to find positive reviews with Network Capital among ConsumerAffairs readers. Multiple positive reviews remark on the great experiences borrowers have had with Network Capital.

Jacqueline from Washington said, “We were looking to reduce some bills and get a roof put on. The refi with Network Capital was awesome. Tyler did an awesome job. He was very attentive and he constantly checked in and we were communicating quite well with each other.”

Carl in New York also had positive remarks: “Network Capital Funding Corporation was very courteous. They checked out the situation. And it was interesting how far the loan officer went to try to help me.”

Best credit union lender

PenFed Mortgages

1.0

2 reviews

Loan types: Conventional, FHA, VA, jumbo, HELOC
Minimum FICO score: 580 to 650
Minimum down payment: 0% to 3.5%
NMLS ID: #401822

PenFed Mortgages is the home loan division of PenFed Credit Union, and it offers an array of mortgage products, including conventional, FHA, jumbo and VA loans, plus a HELOC or refinancing option.

PenFed Mortgages provides a large amount of valuable information online for anyone who is a new homebuyer or has plenty of experience purchasing. It also features a complete online loan application, making it as easy as possible for getting prequalified or preapproved.

PenFed does require a higher credit score for conventional loans, starting at 650, which is higher compared to other conventional loan lenders. Jumbo loans also include a high credit score requirement, starting at 700.

A few factors that stood out for us for PenFed include:

Full online application process
No origination fees and lender credits
Power Buyer program with a 60-day rate lock

Before choosing PenFed for your mortgage, consider the following:

Higher credit score (650+) required for conventional loans
Physical branches only available in 12 states and on some military bases

While there are limited reviews for PenFed Mortgages specifically on ConsumerAffairs, there are some reviews for the credit union overall from mortgage customers.

A reviewer in Virginia said, “Had an question with my mortgage payment and while the service member didn't know an immediate answer, they did some quick research and made some helpful suggestions to resolve the problem. I felt like they were genuine and wanted to help vs. transfer me to person after person to resolve the issue.”

However, one reviewer from Oregon was frustrated with the refinancing process when they “found out my application was denied due to high DTI. So I write down every issue that they had and then find out that I need to get a HELOC if I want to pull money out for debt payoff. You think someone would've said that at the beginning of my loan process. Also all of a sudden my DTI is too high and is an issue when I was told several times I could pay it when the loan was funded.”

Best for no down payment

Northpointe Bank

0 reviews

Loan types: Conventional, FHA, VA, USDA, jumbo, construction, renovation loans, HELOC, home equity
Minimum FICO score: Undisclosed
Minimum down payment: 0% to 5%
NMLS ID: #447490

Michigan-based Northpointe Bank offers a wide variety of mortgage options, from conventional, FHA, USDA and VA loans, to specialized options such as construction and renovation loans. Northpointe Bank also offers HELOCs, home equity loans and refinancing options, too, making it a one-stop solution for a majority of mortgage needs. What stands out with this company, though, is its numerous no down payment options available.

Although Northpointe Bank only has one physical location in Grand Rapids, Michigan, it offers loan products across all 50 states and Washington, D.C. You should note, however, that not all loan products are available in every state.

Although Northpointe Bank doesn’t disclose its minimum credit score requirements, most lenders require a score of at least 620 for a conventional, 500 for FHA, 580 for VA and 640 for USDA loans, but if you have specific questions about your credit score, then reaching out for preliminary information is a good approach.

Some of the things we like about Northpointe Bank include:

Huge assortment of mortgage products
No down payment options available
Can track your loan progress through mobile app

You’ll want to keep the following in mind if you’re considering Northpointe Bank:

No online application
Limited physical branch location

There are no reviews for Northpointe Bank on ConsumerAffairs as of publishing.

Best bank lender

US Bank Mortgages

1.0

4 reviews

Loan types: Adjustable or fixed-rate conventional, FHA, VA, USDA and cash-out refinancing
Minimum FICO score: Contact U.S. Bank
Minimum down payment: 0% to 3.5%
NMLS ID: #402761

Headquartered in Minneapolis, US Bank is one of the largest banks in the country and offers a wide range of mortgage products. It offers conventional, FHA, USDA, VA and jumbo loans in all states and home equity loans and HELOCs. Borrowers can take advantage of a rate-lock program, although it’s only valid for 45 days.

US Bank sets itself apart from other lending institutions with its state-specific rate information. Borrowers can easily search the latest rates for where they live and get a better sense of what a monthly mortgage payment might look like.

Some highlights for US Bank include:

Provides state-specific rates online
Available in all 50 states
Fast pre-qualification process
Offers online mortgages or working with a physical branch

Keep the following in mind when considering US Bank:

Not all states have physical branches
Rate-lock program is only 45 days

While there are limited reviews for US Bank Mortgages specifically on ConsumerAffairs, there are some reviews for the bank overall from mortgage customers.

Latasha in Wisconsin said, “I have nothing but great things to say about US Bank home mortgage. I am satisfied with the customer service I have received and my mortgage as a whole. I had no problems refinancing from another company in which I had an arm rate to a fixed rate with US Bank.”

Of the few reviews for US Bank Mortgages specifically, reviewers expressed concerns with the underwriting and overall loan process. Mike from Arizona stated: “Working on a home loan with U.S. Bank for 6 months. Getting hung up in Underwriting every time I get close to the finish line. Their request for supplemental information are beyond judicious and a definitive breach of privacy. Their goal it seems is to torment customers by making unreasonable and unobtainable demands.”

Best for low fees

Guaranteed Rate Mortgage

3.9

202 reviews

Loan types: Conventional, FHA, VA, ARMs, interest-only, jumbo and HELOC
Minimum FICO score: 580 to 620
Minimum down payment: Varies
NMLS ID: #2611

Guaranteed Rate Mortgage operates both online and in-person, including branches in every state. It offers a wide range of mortgage products, such as fixed- and variable-rate options, VA loans, jumbo loans and an interest-only loan. It also offers a HELOC and cash-out refinancing.

Borrowers may appreciate the online application process, where you can easily upload your documentation and possibly even receive same-day approval. Guaranteed Rate Mortgage also posts current mortgage rates online and offers personalized rate quotes during the pre-qualification process, so you can easily see where your rate might land.

Additionally, Guaranteed Rate offers incentives such as waiving lenders’ fees for VA loans, which can reduce some of the mortgage fees.

Guaranteed Rate Mortgage stood out for us for the following reasons:

Large assortment of loan products
Lender fee waived for VA loans
Fast approval process
Streamlined online application

Before choosing Guaranteed Rate, you’ll want to keep the following in mind:

No home equity loan option

Overall, ConsumerAffairs readers give Guaranteed Rate Mortgage mixed reviews.

Jane in Chicago did a refinance with Guaranteed Rate and had an issue with payment not being applied to the loan, but was happy with how quickly customer service resolved the issue. “Our loan officer made sure the error was fixed IMMEDIATELY, which it was in less than a week,” she said.

However, Mark from Ohio had a different experience, saying, “Guaranteed, and their agents have continued to lack ‘any’ transparency, or customer service. I have previously purchased 6 homes and have never endured so many lies, misrepresentation, utter incompetence and a lack of customer service. Do yourself a big favor, stay away, far away.”

Best for first-time homebuyers

Zillow Home Loans, LLC

3.7

118 reviews

Loan types: Conventional, FHA and VA
Minimum FICO score: 580 to 620
Minimum down payment: 0% to 3.5%
NMLS ID: #10287

Popular home search site Zillow now offers conventional, VA and FHA loans for purchasing and refinancing. You’ll need a credit score of 580 to 680 to qualify (varies based on the type of loan), but it’s great for first-time homebuyers because the platform is so easy to navigate for both searching and the loan application.

Zillow Home Loans are available in 47 states (not in New York, New Jersey and West Virginia). It’s an online-only process, but it takes just a few minutes to get preapproved. The time it takes to close ranges from one week to about two months.

The company could provide more information online about its rates, closing costs, rate lock and other features borrowers need to consider before getting a mortgage. Contact the company directly for answers to your questions on these topics.

Some highlights of Zillow Home Loans include:

Low down payments
Fast approval process
Quick closing times

Before choosing Zillow Home Loans, consider the following:

Lack of information online about fees and other requirements
No USDA, HELOC or home equity loan options
Higher-than-average minimum credit score for some loans

Zillow has somewhat mixed reviews among ConsumerAffairs readers. For instance, Ammar from North Carolina said it has a “great website, and works with ethics and helps customers with their needs, their first priority customer satisfaction, their customer Service on point and can direct you with all your needs, they are willing to help with anything.”

Other reviews aren’t as positive, though, but it typically relates to frustration with the information online. For example, one reviewer from Texas said: “Their home price evaluation is not accurate, Zillow needs to enhance the process to estimate the value of the home based on many factors like one story or two stories, gated, and the location and community.”

Best for military members

Navy Federal Credit Union Mortgage

1.0

12 reviews

Loan types: Conventional, VA, HELOC
Minimum FICO score: Undisclosed
Minimum down payment: 0% to 5%
NMLS ID: #399807

Navy Federal Credit Union caters its membership to veterans, military service members, their families and other qualified members; you do have to become a member of the credit union if you proceed with a mortgage. It offers conventional loans and HELOCs at competitive rates, but specializes in VA loans.

Navy Federal Credit Union offers plenty of perks for a mortgage or refinance, including a 60-day rate lock. One of the biggest advantages, though, is the lack of any private mortgage insurance (PMI), even with less than a 20% down payment, which can save you thousands over the years.

You can also earn up to $9,000 by using a preferred real estate agent in your area with the RealtyPlus program. Plus, you can complete the online application in a few minutes, and it’s possible you’ll get an approval within minutes.

Some highlights of Navy Federal include:

Specializes in conventional and VA loans
No PMI required
Offers a 60-day rate lock
Earn up to $9,000 cash back with RealtyPlus program

Before choosing Navy Federal, consider the following:

Must be a member to apply
No FHA or USDA loans available

While there are limited reviews for Navy Federal Mortgages specifically on ConsumerAffairs, there are some reviews for the credit union overall from mortgage customers.

Sarah in Texas said: “Navy Federal gave us an excellent rate, they worked with us to get everything done quickly as the seller was in a hurry due to having already purchased another home. Closing went smooth and seamless. They were available and able to answer any questions and concerns we had along the way. I was very pleased with the experience overall. Buying a home is a stressful experience, and they made it as stress free and seamless as anyone possibly could.”

The handful of reviews for Navy Federal Mortgages specifically highlight challenges with the application process. One reviewer from Arizona commented on a lack of communication from Navy Federal Credit Union: “Applied for home equity. Waited 4 weeks and got denied. No communications existed. Loan rep wouldn't answer phone, emails.”

Compare Mortgage Lender Reviews Sort Featured Best Rated Most Reviewed Highest Rated
Compare	New American Funding	Read 828 Reviews	Offers mortgage and reverse mortgage loans. Seller and servicer of Fannie Mae, Freddie Mac and Ginnie Mae loans. Available in 49 states, with physical branches in 32 states. First-time borrowers need a 640 minimum credit score.	View Rates Call Center Open (855) 951-5334
Compare	AmeriSave Mortgage	Read 5,535 Reviews	Provides custom quotes with no obligation to purchase or refinance. Offers conventional, FHA, VA and USDA loans. No origination fees. Minimum credit score requirement of 600 to 620. Available in 49 states.	View Rates Call Center Open (866) 815-0655
Compare	Rocket Mortgage	Read 1,545 Reviews	Online lender with multiple mortgage and refinancing options. 24/7 online services and Learning Center. No in-person assistance. Works with credit scores as low as 580. Available in every state and Washington, D.C.	View Rates Call Center Open (800) 762-5471
Compare	Quicken Loans	Read 24 Reviews	Conventional, FHA, VA and jumbo loans. Refinancing options available to lower payments, change terms or take cash out. Minimum credit score requirement: 580 to 620. Available nationwide.	View Rates
Compare	loanDepot	Read 61 Reviews	Direct lender providing digital mortgage experience. Offers purchase and refinance loans, including conventional and government-backed loans. Lifetime Guarantee waives lender fees for future refinancing. Available nationwide.
	Better Mortgage	Read 387 Reviews	Offers purchase and refinance loan options. Apply and qualify for loans 100% online. No commission or lender fee. No prepayment penalty. Requires a minimum credit score of 620. Available in most states.	Chat with a ConsumerAffairs decision guide Live agent
	Mr. Cooper	Read 10,827 Reviews	Online-based mortgage lender. Offers home loans for purchases and refinances. Provides a mobile app and multiple online homebuying tools. No in-person assistance. Available in every state and Washington, D.C.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Network Capital Funding Corporation	Read 1,126 Reviews	Offers conventional, FHA and VA home purchase and refinance loans with fixed and variable rates. Publishes rates online. Online application process. No lender fees for qualifying borrowers. Available in 43 states.	View Rates Call Center Open (949) 242-7816
Compare	Lower	Read 164 Reviews	Fintech mortgage lender. Online application, including document upload. Lists rates on website. Not available in all states. Covers refinancing fees after initial loan. No hard credit check until you’re ready to buy.	View Rates Call Center Open (844) 876-3692
Compare	Homefinity	Read 110 Reviews	Offers conventional loans in 15- and 30-year terms (fixed-rate and ARM), FHA loans and VA loans. Refinance and cash-out refinance available. Fully online application process and dedicated loan officer. Available nationwide.

What is a mortgage?

A mortgage is a type of loan for purchasing real estate, such as a home. Individuals borrow money from a lender, which is typically a bank, credit union or mortgage company, specifically for financing the purchase of the property.

The property itself serves as collateral — which is an asset the lender can repossess through the foreclosure process if the borrower defaults on the loan. The borrower repays the loan amount plus interest over an agreed-upon period, often spanning several years or decades.

Different types of mortgages

Mortgages come in multiple forms, but the two main types of mortgage loans are conventional and government-backed mortgages.

A conventional loan is simply a loan through a private lender and is not backed by any government entity. Examples include:

Conforming: These must meet Fannie Mae and Freddie Mac requirements. In 2023, the maximum conforming loan limit in most of the country is $726,200. Conforming loans are the most popular mortgage type.
Nonconforming: These loans do not meet the Fannie Mae or Freddie Mac requirements.
Jumbo: Jumbo loans are nonconforming loans with amounts exceeding the conforming loan limit. You need good credit (often 700-plus) and a large down payment for eligibility.
Fixed-rate: Fixed-rate loans means your interest rate remains the same throughout the life of the loan.
Adjustable-rate: Adjustable-rate mortgages (ARMs) start with a fixed interest rate for an initial period, but the interest rate eventually adjusts based on market conditions.

When a government entity backs a loan, it’s less risky for a private lender. This often translates to greater savings and less strict credit requirements for the borrower. Examples of government-backed loans include:

FHA: The Department of Housing and Urban Development (HUD) Federal Housing Authority backs FHA loans, which offer lower down payment options for borrowers with less-than-perfect credit.
VA: Partially backed by the U.S. Department of Veterans Affairs, VA loans offer a low- or no-down payment option and less strict credit requirements for U.S. military veterans, service members and their surviving family members.
USDA: Backed by the U.S. Department of Agriculture's Rural Development Guaranteed Housing Loan program, a USDA loan offers a low- or no-down payment option for homebuyers purchasing in rural areas.

There are other mortgages available that do not fall under these typical categories, such as a home renovation loan, home equity loan or home equity line of credit (HELOC).

» MORE: Types of mortgage loans

How to compare mortgage lenders

When considering a mortgage, you’ll want to compare lenders and offers to make sure you’re getting the best loan for your needs. To help, you might want to work with a mortgage broker who can help you compare rates and terms from multiple lenders and find the best deal.

But if you prefer to do it on your own, you’ll first need to decide the type of mortgage you prefer (conventional or government-backed) and the type of rate (fixed vs. adjustable). You’ll also need to look at how long of a term you want (e.g., 15- or 30-year) and if the lenders you’re considering offer those terms. Some other factors to consider include:

Down payment - While it’s considered typical to put a 20% down payment on a house, which helps borrowers avoid private mortgage insurance, some lenders will allow 5% (or less for government-backed loans).
Lender fees - In addition to closing costs, look at what fees you’ll need to pay to secure your mortgage. These may include lawyer fees, homeowner association fees, property tax or origination fees.
Points - Check if the lender offers the option to buy mortgage points, which are a way to buy down the interest rate on your loan.
Application process - Can you apply completely online or will you have to do it in-person? Depending on where you live, where you’re purchasing a home and other accessibility issues, how you’ll apply for a mortgage can make a difference.
Approval times - How long will it take for the lender to approve your application? And, once approved, how long will it take to close? If you need a quick approval and closing, you’ll need to make sure the lender can meet that time frame.

Before making your final decision, take the time to read online reviews, such as those published on ConsumerAffairs, to get a picture of what working with a company might be like. You might also ask friends, family and real estate agents for recommendations.

» MORE: Mortgage broker vs. lender

Applying for a mortgage

Applying for a mortgage can seem like a daunting prospect, but if you break it down into one step at a time then it becomes more manageable.

Evaluate your financial situation: This means understanding your credit score and any potential credit challenges a lender may spot.
Search for a mortgage lender: Shopping around and comparing lenders helps you find the lowest rates, most manageable repayment terms and a lender you’re comfortable working with.
Apply online and get pre-qualified: Online applications can speed up the process and nail down a monthly payment range you’re comfortable with. Pre-qualification lets you know how much money you might qualify for without a hard credit check.
Review your preliminary mortgage options and make a selection: Your lender may offer more than one loan option, which means you can calculate different scenarios for your budget.
Get preapproved: A preapproval is when a lender shows you the exact interest rate you will receive and the exact amount you can borrow. At this point, the lender will run a credit check.
Find a property and make an offer: With a pre-qualification or preapproval letter in hand, you can stand out amongst buyers as someone who is serious about purchasing.
Receive final loan approval: The lender will require an extensive set of documents for final approval. Submitting these documents on time can expedite the closing process.
Close your loan: It’s time for signing the paperwork and making the down payment (if applicable). Typically you work with both a lender and real estate attorney during this final step.

Most lenders offer an online application option, which can help speed up the process, but if you prefer an in-person experience, you should take this into consideration when selecting a potential mortgage lender.

» MORE: How to apply for a mortgage

FAQ

What is the difference between a mortgage lender and broker?

A mortgage lender is a financial institution that finances the home loan for a fee. A mortgage broker is a intermediary between the borrower and the lender. Working with a broker can save time and money, especially if you want to compare multiple lenders.

Can I get a mortgage loan to build a house?

Yes, construction loans are a type of home loan available to finance building a brand-new home. A regular construction loan is different from a mortgage because there is no existing property to use as collateral for the loan, which makes it riskier for the lender. As a result, lenders often charge higher interest rates and require larger down payments for construction loans.

Is it better to get a mortgage from a bank or a private lender?

This depends on your specific financial situation, but there are pros and cons for both a bank or private lender. A bank typically offers competitive interest rates and unique loan programs, but can take longer for loan processing and strict credit requirements. A private lender usually offers a wide variety of loans, including specialized ones and with less strict credit requirements, but often doesn’t have an in-person location and typically has higher interest rates.

How long does it take to get a mortgage?

The total time to obtain a mortgage — from application approval to closing — is typically anywhere from 30 to 60 days. However, this timeline may change depending on several factors, such as a delay in the underwriting process or appraisal scheduling.

How much down payment do I need to get a mortgage?

It depends on the mortgage but some offer a no- or low-down payment option, while other mortgage types require at least 20% down. For example, there’s typically no down payment requirement for a VA loan, while FHA loans require at least 3.5%. If you put less than 20% down on a conventional mortgage, you must pay a monthly private mortgage insurance fee.

Methodology

To make our picks for top mortgage lenders, the ConsumerAffairs research team started with 82 mortgage companies. To narrow it down, we first eliminated those that had minimal transparency regarding annual percentage rates (APRs), fees, etc. In rare cases, we may have kept a pick that lacked this information upfront if it offered something else noteworthy, such as fast closing or a rate guarantee.

We then filtered out any lender that was available in fewer than 40 states and, if it had reviews on ConsumerAffairs, if its score was below 4 at the time of publishing.

From this narrowed list, we compared lenders based on a range of factors, including:

Variety of loans: We gave priority to lenders that had a wide variety of mortgage options to choose from, including a mix of conventional, jumbo and government-backed loans (FHA, VA and USDA).
Variety of terms: We also prioritized lenders that offered a range of term options beyond the standard 15 or 30 years.
APRs: We considered the starting APRs for both fixed- and adjustable-rate mortgages and chose those that were under 7% at the time of research. Note that rates are subject to frequent change and starting rates may have increased or decreased since our assessment.
Guarantees: We prioritized lenders that offered close-on-time guarantees, price guarantees, rate locks and other incentives for borrowers.
Closing times: We looked at the average closing times quoted by each lender, giving priority to those that had closing times of under six weeks.
Customer service: We considered whether the lender offered customer service via multiple channels (in-person locations, telephone and live chat) and the number of positive reviews it had from ConsumerAffairs readers.

Customer ratings and experience are important to us when we’re choosing companies that are the best fit for our readers. However, for those companies on our list with no ratings or no recent positive ratings on ConsumerAffairs, there were other factors that made them good mortgage lender picks.

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Compare Mortgage Lender Reviews
	Veterans United Home Loans	Read 1,366 Reviews	Specializes in loans for veterans, active-duty military and their spouses. Offers conforming, jumbo and refinancing VA mortgages. No private mortgage insurance requirements. Serves all 50 states.	Chat with a ConsumerAffairs decision guide Live agent
Compare	ClearPath Lending	Read 1,561 Reviews	Offers conventional and government-backed loans, including FHA and VA, for home purchasing, as well as refinancing. Fixed and adjustable rates. Jumbo loans. Licensed in 31 states. Apply online and track your application.
Compare	First Internet Bank	Read 424 Reviews	Online-based full-service bank. Offers a variety of loan types, including conventional, jumbo, FHA, VA, construction and home equity loans. Also offers HELOCs. Available nationwide. No physical branches.
	Vanderbilt Mortgage	Read 2,543 Reviews	Provides mortgage financing for new and used manufactured, mobile and modular homes. Mortgages include portfolio, land and home, biweekly, and fresh start. Apply online and work with a loan specialist.	Chat with a ConsumerAffairs decision guide Live agent
Compare	NewDay USA	Read 1,837 Reviews	Serves U.S. veterans and their families. Helps service members secure loans, purchase homes or lower monthly mortgage payments. Prioritizes customer service and relationships with clients. One-time funding fee of 1.4% to 3.6%.
	ZeroMortgage by Interfirst	Read 13 Reviews	Offers an array of fixed- and variable-rate conventional loans. Purchase and refinance loans available. Licensed in 41 states. No application, underwriting or lender fees. Online application process.	Chat with a ConsumerAffairs decision guide Live agent
Compare	21st Mortgage Corporation	Read 2,886 Reviews	Provides financing for manufactured or mobile homes. Offers loans for up to 100% of the cost of your property. Doesn’t operate in AK, HI, MA or RI. Also deals in multiple types of insurance.
	BNC National Bank	Read 105 Reviews	Traditional bank with mortgage offices. Offers home purchase loans, refinancing loans and more. Available in all 50 states. Apply for loans online. Specializes in loans for veterans and first-time homebuyers.	Chat with a ConsumerAffairs decision guide Live agent
	LowerMyBills.com	Read 214 Reviews	Free online service that allows consumers to compare mortgage rates. Offers homebuying resources and tools, such as a mortgage calculator. Purchase or refinance through the company and explore other loan options.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Morty	Read 47 Reviews	Online broker, not a direct lender. Offers mortgage options for primary, secondary and investment properties. Refinances for owners that purchased through Morty. Guarantees a 14-day closing.
	Smartfi Home Loans, LLC	Read 8 Reviews	Mortgage lender with purchase, refinance and reverse mortgage options. Conventional and government-backed loans. Helps seniors make informed decisions for retirement. Online quotes and application. Available in select states.	Chat with a ConsumerAffairs decision guide Live agent
	HSBC Mortgage	Read 432 Reviews	Provides home purchase loans, refinancing and lines of credit. Offers specialty loan programs for borrowers who don’t want to put much down or have existing relationships with the company. No government-backed loans.	Chat with a ConsumerAffairs decision guide Live agent
	Capital One Mortgage	Read 124 Reviews	Serves existing loans but does not write new loans. Offers refinancing, reinstatement, repayment and modification plans for homeowners who need help keeping up with mortgage payments.	Chat with a ConsumerAffairs decision guide Live agent
	Household Finance	Read 140 Reviews	Now part of the HSBC, this corporation provides a variety of home finance solutions, including real estate secured loans and home mortgages. It operates in the United States, Canada and the United Kingdom.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Guaranteed Rate Mortgage	Read 202 Reviews	Offers conforming conventional loans, jumbo loans, interest-only loans, FHA loans, VA loans, home renovation loans and HELOCs. Online application process. Provides preapprovals in about 15 minutes. Over 500 branches nationwide.
Compare	North American Savings Bank	Read 194 Reviews	Provides home purchase, refinancing and emergency loans. Special services for veterans. Multiple locations across the Kansas City area. Minimum credit score requirements vary. Not all products are available in all states.	Call Center Open (844) 489-1676
	Carrington Mortgage Services	Read 929 Reviews	Offers lending and mortgage services directly to consumers. Mortgage products include purchase and refinance options, including conventional loans, FHA loans, VA loans and USDA loans. Personalized dashboard for each customer.	Chat with a ConsumerAffairs decision guide Live agent
	Unlock	Read 25 Reviews	Financial technology company offering up to $500,000 in home equity agreement. No interest and no monthly payments. Minimum FICO score of 500. Available in 15 states. Apply online and complete process in as little as 10 days.	Chat with a ConsumerAffairs decision guide Live agent
	Caliber Home Loans	Read 3,757 Reviews	Offers conventional loans and government-backed mortgages, including VA, FHA and USDA loans. Loans likely stay with Caliber instead of being sold to another company. Licensed in all 50 states, with local consultants in 43 states.	Chat with a ConsumerAffairs decision guide Live agent
	Cardinal Financial	Read 72 Reviews	Nationwide lender offering conventional, jumbo, FHA, USDA and VA loans. Also has specialized loans for renovations, condos and tiny houses. Provides free rate quotes. Custom-built loan origination platform.	Chat with a ConsumerAffairs decision guide Live agent
	nbkc bank	Read 62 Reviews	Online bank with physical locations in the Kansas City area. Conventional, FHA, VA, new construction, home equity and refinancing. Online application process. Special programs for pilots and veterans.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Fairway Independent Mortgage Corporation	Read 19 Reviews	Nationwide mortgage lender with many loan options. Mobile app helps with approval in minutes. Hundreds of locations across 48 states and Washington, D.C. Transfers your loan to another company once the loan is closed.
	Citizens One	Read 180 Reviews	Offers conventional, FHA and VA loans. Specialty doctor loan program. Refinancing, home equity lines of credit and personal loans. One-on-one support and easy access to transparent pricing. Online rate-checking tool.	Chat with a ConsumerAffairs decision guide Live agent
	Fannie Mae	Read 118 Reviews	Affordable mortgages for homebuyers and refinancing for homeowners. Works with middle- and low-income families. One of two leading government-supported market stimulators that help make housing accessible to more families.	Chat with a ConsumerAffairs decision guide Live agent
	CashCall Mortgage	Read 48 Reviews	Offers mortgage financing for buying a home, refinancing a loan or purchasing an investment property. Loans for the self-employed or investors who don’t have traditional income documentation. Licensed in 42 states.	Chat with a ConsumerAffairs decision guide Live agent
	Wells Fargo Mortgage	Read 1,575 Reviews	Offers home purchase and refinance loans. Online and in-store services available. Work with a local consultant. Check rate estimates online. Closing costs are typically 2% to 5% of the purchase price.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Zillow Home Loans, LLC	Read 118 Reviews	Offers conventional loans, FHA loans and VA loans. Available in all states except New Jersey, New York and West Virginia. Shows sample loan terms online. Online loan calculators and resources. Affiliated lender of Zillow.
	Chase Mortgage	Read 1,960 Reviews	Offers fixed- and adjustable-rate mortgages for purchase and refinance. Has FHA, VA, jumbo and conventional loan options. Get pre-qualified online or in person. Provides an online interactive mortgage calculator.	Chat with a ConsumerAffairs decision guide Live agent
Compare	SoFi Home Loans	Read 20 Reviews	Purchase and refinance loan options with several terms available. Doesn’t offer government loans. Not available in all states. Provides a custom rate without performing a hard credit pull.
	Gateway Mortgage Group	Read 676 Reviews	Mortgage lender offering home purchase, refinancing, construction, renovation and lot loans. Eight banking centers in Oklahoma. 170 locations nationwide. Interest rate lock program.	Chat with a ConsumerAffairs decision guide Live agent
	Guild Mortgage Company	Read 186 Reviews	Offers conventional, FHA, USDA, VA and jumbo loan programs for purchase and refinancing. Lock your rate for 120 days while searching for a home. Available in all states except NY. Apply online or visit a branch in 41 states.	Chat with a ConsumerAffairs decision guide Live agent
	Arvest Central Mortgage Company	Read 136 Reviews	Offers conventional, FHA, VA, USDA and jumbo loans in 45 states. Online application. Services 99% of its loans. Mortgage offices in Arkansas, Kansas, Missouri and Oklahoma. Online calculators, glossary and answers to FAQ.	Chat with a ConsumerAffairs decision guide Live agent
	PNC Mortgage	Read 320 Reviews	National mortgage lender with branches in 28 states and Washington, D.C. Offers conventional and government-backed purchase and refinance loans. HELOC allows you to lock in fixed rate during draw period. Check rates online.	Chat with a ConsumerAffairs decision guide Live agent
	Provident Funding Associates	Read 194 Reviews	Originates mortgage loans in 25 states. Shows live rates on its website. Offers online mortgage application and management. Multiple loan types and terms available. Lock your rate for up to 60 days.	Chat with a ConsumerAffairs decision guide Live agent
	Citi Mortgage	Read 1,026 Reviews	Offers conventional, FHA, VA and jumbo loans. HomeRun Mortgage features low down payment and flexible credit requirements. Rate-and-term and cash-out refinancing. Rates online. Current Citi customers may receive special pricing.	Chat with a ConsumerAffairs decision guide Live agent
	LendingTree	Read 1,557 Reviews	Online marketplace for secured and unsecured loans. Free to compare rates and quotes from lenders for mortgages, car loans, personal loans and more. Minimum credit score requirements vary. Available nationwide.	Chat with a ConsumerAffairs decision guide Live agent
	Mutual of Omaha Mortgage	Read 5 Reviews	Full-service mortgage lender. Provides purchase and refinance loans. Conventional and government-backed loans. Apply online. Licensed in 48 states and D.C. but only has locations in 24 states. Offers educational info online.	Chat with a ConsumerAffairs decision guide Live agent
	Bank of America Mortgage	Read 2,902 Reviews	Online and in-store loan services. Offers fixed-rate, adjustable-rate and jumbo loans. Pre-qualification and preapproval services available. Refinancing and home equity lines of credit available.	Chat with a ConsumerAffairs decision guide Live agent
	PHH Mortgage	Read 4,593 Reviews	Online lender with multiple mortgage and refinancing options, including conventional and government-backed loans. Loan officers assist at every step of the process. Offers online checklists, articles and calculators.	Chat with a ConsumerAffairs decision guide Live agent
	Truist Mortgage	Read 439 Reviews	Offers conventional and government-backed products in all states except Alaska, Arizona and Hawaii. Publishes purchase and refinance rates online. Get preapproved and apply online. Local loan officers in select states.	Chat with a ConsumerAffairs decision guide Live agent
	Royal United Mortgage	Read 5 Reviews	Offers home purchase, refinance and HELOC loans in 34 states. Dedicated loan advisor helps you at each step of the process. Processes loans in-house in two to three weeks. VA loans available.	Chat with a ConsumerAffairs decision guide Live agent
	US Bank	Read 1,853 Reviews	Large bank available in 26 states. Offers checking and savings accounts, credit cards, loans, mortgages, insurance and wealth management. Large ATM network. High fees and below-average interest rates on some savings accounts.	Chat with a ConsumerAffairs decision guide Live agent
	USAA Banking	Read 702 Reviews	Financial services provider for U.S. military and their immediate families. Offers banking, insurance, investments and retirement planning. Low fees. No minimum balance requirements on many accounts. Competitie APYs.	Chat with a ConsumerAffairs decision guide Live agent
	Flagstar Bank	Read 630 Reviews	One of largest residential mortgage originators in the U.S. Also offers checking and savings accounts, loans, credit cards and investment services. Banking only available in California, Indiana, Michigan, Ohio and Wisconsin.	Chat with a ConsumerAffairs decision guide Live agent
	Regions Mortgage	Read 65 Reviews	Mortgage provider with fixed-rate and variable-rate mortgage and refinancing loan options in the South and Midwest. Online application. Doesn’t post info about rates and fees. Owns and sells properties. Buyer reward program.	Chat with a ConsumerAffairs decision guide Live agent
	BSI Financial Services	Read 477 Reviews	Independent service provider for performing and nonperforming loans. Provides loss mitigation, quality control, due diligence and asset management services. Owns Bizzy Labs mortgage tech. Appraisals run $350 to $550.	Chat with a ConsumerAffairs decision guide Live agent
	Pulte Mortgage	Read 5 Reviews	Specializes in new construction loans. Offers a full range of home purchase loans, including conventional (fixed- and adjustable-rate), jumbo, FHA and VA. More than 200 loan options. Online loan application and dashboard.	Chat with a ConsumerAffairs decision guide Live agent
	Ally Bank	Read 1,465 Reviews	Offers online banking, robo-advisor trading, portfolio management and various loans. Stocks, ETFs, bonds, mutual funds, margin accounts and securities lending available. No commission or advisory fees.	Chat with a ConsumerAffairs decision guide Live agent
	Navy Federal Credit Union	Read 754 Reviews	Not-for-profit credit union serving military, veterans and their families. Offers savings and checking accounts, credit cards and loans. Low fees. Competitive interest rates. Large ATM network across the U.S. and Canada.	Chat with a ConsumerAffairs decision guide Live agent
	Lakeview Loan Servicing	Read 25 Reviews	Loan servicer. Processes payments, manages escrow and provides customer service. Assists with purchasing and refinancing. Offers a complimentary mortgage review. Support is available Monday through Friday.	Chat with a ConsumerAffairs decision guide Live agent
	United Wholesale Mortgage	Read 18 Reviews	Online mortgage wholesale lender that works through brokers. Issues loans through its mortgage broker partners. Mobile app and online tools. No in-person assistance. Available nationwide.	Chat with a ConsumerAffairs decision guide Live agent
	Flagstar Bank Mortgages	Read 26 Reviews	Offers home purchase and refinance loans, including conventional, jumbo, FHA, VA and USDA. Home equity loans and home equity line of credit (HELOC) available. Online application and upload portal.	Chat with a ConsumerAffairs decision guide Live agent
	Freedom Mortgage	Read 328 Reviews	Offers home loans for purchase or refinance. Conventional, FHA, VA and USDA loans available. Licensed nationwide, including in Puerto Rico and the U.S. Virgin Islands. Rate and closing guarantees.	Chat with a ConsumerAffairs decision guide Live agent
	Fifth Third Bank Mortgages	Read 23 Reviews	Offers conventional, FHA, USDA, VA and jumbo loan programs for home purchases, refinancing options, home equity loans and HELOCs. Available in 30 states, with physical presence in 11. Loan specialist assists at each step.	Chat with a ConsumerAffairs decision guide Live agent
	Lennar Mortgage	Read 5 Reviews	Range of purchase and refinance loan options, including conventional (fixed and adjustable rate), jumbo, FHA, VA and USDA loans. Apply online to get pre-qualified in as little as 15 minutes.	Chat with a ConsumerAffairs decision guide Live agent
	Navy Federal Credit Union Mortgage	Read 12 Reviews	Offers conventional and VA loans to members. Membership limited to people with military experience or those close to them (or existing members). Provides home equity loans and HELOCs. No PMI. Rate-lock program.	Chat with a ConsumerAffairs decision guide Live agent
	BOK Financial Mortgage	Read 1,712 Reviews	Offers a wide array of conventional mortgages and government-backed FHA, VA and USDA loans. Home equity and refinancing options available. Shares current rates daily. Online application process.	Chat with a ConsumerAffairs decision guide Live agent
	Homebridge Financial Services	Read 893 Reviews	Nonbank mortgage lender offering purchase and refinance loans, reverse mortgages and HELOCs. Low down payment options and down payment assistance available. Licensed in all states except Utah. Operates branches in 31 states.	Chat with a ConsumerAffairs decision guide Live agent
	Movement Mortgage	Read 5 Reviews	Nationwide direct mortgage lender with loan officers in over 775 locations. Online application with quick turnaround. Options available for low-income borrowers. Rate lock up to 90 days on most mortgages.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Promise Home Loans		Offers purchase and refinance loans with no upfront fees and communication from application through closing. No application, credit report or rate-lock fees. Check rates for conventional and government-backed loans online.
	Figure		Provides financial services using blockchain technology. Offers home equity lines of credit (HELOCs) and plans to offer lines of credit secured by cryptocurrency. HELOCs not available in DE, HI, KY, MD, NY, TX and WV.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Unison	Read Reviews	Home co-investment company. Alternative to line of credit or home equity loan, with no monthly payments or interest. Settle when you sell or after 30 years. Get up to $500,000. Available in 29 states and Washington, D.C.
	Newrez	Read Reviews	Nationwide mortgage lender and servicer. Offers conventional and government-backed mortgages, including FHA and VA loans. Fixed and adjustable rates available. Specialty loans for real estate investors.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Bankrate	Read Reviews	Free online money management resource. Compares lenders, insurers, banks, credit card companies and other financial institutions. Offers calculators and educational materials. Can link bank accounts to analyze transactions.
	Ally Bank Mortgages	Read Reviews	Offers conventional mortgages and jumbo loans at competitive rates. First-time homebuyer assistance program. Online application. Preapproval available in as little as three minutes.	Chat with a ConsumerAffairs decision guide Live agent
	US Bank Mortgages	Read Reviews	Offers home purchase loans and refinancing. Conventional fixed-rate and adjustable-rate loans. Government-backed loans, including FHA, VA and USDA. New construction and home equity loans. Posts sample rates online.	Chat with a ConsumerAffairs decision guide Live agent
	PenFed Mortgages	Read Reviews	Offers home purchase loans, refinancing and HELOCs. Conventional fixed-rate and adjustable-rate loans and jumbo loans. Government-backed loans, including FHA and VA. Credit union membership required.	Chat with a ConsumerAffairs decision guide Live agent
	PennyMac	Read Reviews	Offers conventional, jumbo and government-backed loans, including FHA loans and VA loans. Programs for first-time homebuyers and purchasers of investment property. Posts purchase and refi rates.	Chat with a ConsumerAffairs decision guide Live agent
	SWBC Mortgage	Read Reviews	Offers conventional loans and government-backed loans, including FHA, USDA and VA loans. Fixed-rate and adjustable-rate loans. Construction and renovation loans. Licensed in 41 states. In-house underwriting.	Chat with a ConsumerAffairs decision guide Live agent
	Change Home Mortgage	Read Reviews	Offers mortgage and reverse mortgage loans. Seller and servicer of Fannie Mae, Freddie Mac and Ginnie Mae loans. Physical branches in 16 states. Loans for traditional and nontraditional borrowers.	Chat with a ConsumerAffairs decision guide Live agent
	CMG Financial	Read Reviews	Direct lender operating in all 50 states and D.C. Originates purchase and refinance mortgage products. Provides conventional, FHA, VA and USDA loans. Use app to calculate payments, upload docs and message loan officers.	Chat with a ConsumerAffairs decision guide Live agent
	KeyBank Mortgage	Read Reviews	Refinancing and purchase loans. Conventional fixed-rate and adjustable-rate loans, including 15-, 20- and 30-year. Government-backed loans, including FHA and VA. FannieMae HomeReady program. Medical professional loans.	Chat with a ConsumerAffairs decision guide Live agent
	PrimeLending	Read Reviews	Extensive range of purchase and refinance loans, including conventional, fixed, adjustable, jumbo, FHA, VA and USDA. Application process 100% online. Does not publish rates. Closing assistance program.	Chat with a ConsumerAffairs decision guide Live agent
	Tomo	Read Reviews	Mortgage lender with a digital homebuying platform. Available in seven states. Offers 15- and 30-year fixed-rate mortgages. Matches rates and doesn’t charge origination fees. Doesn’t refinance existing mortgages.	Chat with a ConsumerAffairs decision guide Live agent
	USAA Bank Mortgages	Read Reviews	Offers home purchase and refinance loans to current military and veterans and their families. VA loans, VA jumbo loans and VA refinancing options. Posts purchase and refinance rates online. Membership is free.	Chat with a ConsumerAffairs decision guide Live agent
	Jersey Mortgage Company	Read 466 Reviews	Direct mortgage lender. Serves CT, FL, NJ, NY and PA. Offers multiple purchase loan options, including conventional, VA, USDA and FHA loans. Also offers refinancing and reverse mortgages.	Chat with a ConsumerAffairs decision guide Live agent
	Network Funding	Read 18 Reviews	Promotes an easy mortgage process, with closing in 10 days. Borrowers use the simpl platform to complete application in 10 minutes and electronically sign documents. Offers FHA, conventional and jumbo loans.	Chat with a ConsumerAffairs decision guide Live agent
	First Meridian Mortgage Corporation	Read Reviews	Online mortgage broker. Serves Virginia, Maryland and D.C. Offers a variety of loan products, including refinancing with no closing costs and home improvement loans. Debt consolidation available. Interest rate calculator.	Chat with a ConsumerAffairs decision guide Live agent
	Umpqua Bank	Read Reviews	Offers home purchase and refinance loans, including conventional, jumbo, FHA, VA and USDA options. Construction loans, renovation loans, home equity lines of credit (HELOCs) and special loan programs also available.	Chat with a ConsumerAffairs decision guide Live agent
	Academy Mortgage Corp.		Refinancing and purchase loans. Conventional and government-backed loans, including FHA, VA and USDA. Fixed-rate and adjustable-rate and 15-, 20- and 30-year loans available. Jumbo loans. Reverse mortgages. In-house underwriting.	Chat with a ConsumerAffairs decision guide Live agent
	Ameris Bank		Offers refinancing and home purchase loans. Conventional fixed-rate and adjustable-rate loans. Government-backed loans, including FHA and VA. Construction loans. First-time buyer program. Down payment assistance.	Chat with a ConsumerAffairs decision guide Live agent
	Bell Bank Mortgage		Offers home purchase loans, refinancing, home equity loans and HELOCs. Conventional loans and government-backed loans, including FHA, VA and USDA loans. New-construction loans. Loan officers in 11 states.	Chat with a ConsumerAffairs decision guide Live agent
	Benchmark Mortgage		Offers purchase and refinance home loans, including conventional, jumbo, FHA, VA and USDA loans. Online application and upload portal. Performs annual in-depth review of your mortgage with personal action plan.	Chat with a ConsumerAffairs decision guide Live agent
	Cherry Creek Mortgage		Offers conventional mortgages and government-backed loans, including FHA, USDA and VA loans. Fixed rates and adjustable rates. Jumbo loans. Reverse mortgages. Pre-qualification and preapproval available.	Chat with a ConsumerAffairs decision guide Live agent
	CrossCountry Mortgage		Offers refinancing and home purchase loans. Conventional fixed-rate and adjustable-rate loans, jumbo loans and government-backed loans, including FHA, VA and USDA. Specialty loan programs.	Chat with a ConsumerAffairs decision guide Live agent
	FBC Mortgage		Offers conventional mortgage loans (fixed-rate and ARMs), FHA loans, USDA loans, VA loans and jumbo loans. Licensed in 48 states. Construction and renovation loans available. Preapproval in as little as eight minutes.	Chat with a ConsumerAffairs decision guide Live agent
	FirstBank Mortgage		Provides custom quotes with no obligation to purchase or refinance. Offers conventional, jumbo, new construction, FHA, VA and USDA loans. Available in Tennessee, Georgia, Kentucky and Alabama.	Chat with a ConsumerAffairs decision guide Live agent
	FSB Mortgage		Mortgage lender based in Indiana. Offers its services across the U.S. Provides home purchase, refinancing and home equity products, including conventional, jumbo (nonconforming conventional) and government-backed loans.	Chat with a ConsumerAffairs decision guide Live agent
	Home Point Financial		Offers FHA, VA and USDA loans and conventional mortgages. Fixed-rate and adjustable-rate purchase loans. Options for refinancing. Flexible qualifying criteria. Low down payment program. Licensed in all 50 states.	Chat with a ConsumerAffairs decision guide Live agent
	Homeside Financial		Offers conventional (conforming and jumbo) and government-backed mortgages, including FHA, VA and USDA loans. Specialty programs include construction loans, renovation loans, 80/20 loans and condo loans.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Lifestone Mortgage		Offers conventional and government-backed loans. Works with credit scores of at least 580. Can apply online or by phone. Available in eight states.
	LoanSnap		Mortgage lender that evaluates your entire financial situation to find the right purchase loan, refinance loan or HELOC for you. FHA, VA and conventional loans. Offers standard and cash-out refinancing. Available in 30 states.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Mission Loans		Offers conventional and government-backed loans. Works with credit scores of at least 580. Maximum DTI of 45%. Can apply by email or by phone. Available in 46 states, but only has branches in 10 states.
	Northpointe Bank		Offers home purchase loans, refinancing, home equity loans and HELOCs. Conventional fixed-rate and adjustable-rate loans, including jumbo loans. Government-backed loans, including VA and FHA. Zero-down options.	Chat with a ConsumerAffairs decision guide Live agent
	Nova Home Loans		Offers refinancing and purchase loans. Conventional loans and government-backed loans, including USDA, FHA and VA. Fixed-rate and adjustable-rate loans with 15-, 20- and 30-year terms available. In-house underwriting.	Chat with a ConsumerAffairs decision guide Live agent
	Paramount Residential Mortgage Group		Offers FHA, VA and USDA loans. Conventional mortgages, with fixed- and adjustable-rate options. Reverse mortgages and jumbo loans. Second mortgages and non-qualifying mortgages. Serves 48 states and Washington, D.C.	Chat with a ConsumerAffairs decision guide Live agent
	Plaza Home Mortgage		Wholesale and correspondent lender with over two decades of experience. Offers conventional, FHA, VA, USDA and reverse mortgages. Licensed in all 50 states and Washington, D.C. Physical locations in seven states.	Chat with a ConsumerAffairs decision guide Live agent
	Primary Residential Mortgage		Offers a range of home purchase loans, including conventional (fixed-rate and adjustable-rate), FHA, VA, USDA and jumbo. Loans for manufactured homes, new construction and renovation. Low down payment options.	Chat with a ConsumerAffairs decision guide Live agent
	Prosperity Home Mortgage		Refinance and purchase loans, including conventional, fixed, adjustable, jumbo, FHA, VA and USDA. Expedited mortgage approval. Preapproval and rate lock available. Offers first-time homebuyer and low-down-payment programs.	Chat with a ConsumerAffairs decision guide Live agent
	Real Genius		Offers home loans and refinances for primary residences and second homes. 100% online application. Preapproval decisions in minutes. Experienced mortgage bankers assigned to each home loan applicant.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Sage Mortgage		Online mortgage broker licensed in 26 states with the goal to add more states. Offers digital and conventional home loans and refinancing. Does not offer HELOC or lines of equity. Owned by RedVentures since 2020.
	Sebonic Financial		Direct-to-consumer mortgage lender. Backed by Cardinal Financial. Multiple loan types available. Refinancing options. Minimal information online. Call or fill out online form to speak with specialist for free rate quote.	Chat with a ConsumerAffairs decision guide Live agent
Compare	Strong Home Mortgage		Online lender offering conventional and government-backed mortgage options, as well as HELOCs and refinancing. First-time homebuyer assistance available. Licensed in 29 states and Washington, D.C.
	Sun West Mortgage Company		Offers home purchase and refinance loans, including conventional, jumbo, FHA, VA and USDA options. Also does reverse mortgages, renovation loans, small business loans and HELOCs. Not available in Georgia or Massachusetts.	Chat with a ConsumerAffairs decision guide Live agent
	Union Home Mortgage		Provides loans for home refinancing and purchases, including options for new construction and homes needing renovation. Offers conventional and government-backed mortgages. Online application process and 155+ branch locations.	Chat with a ConsumerAffairs decision guide Live agent
	USAlliance Financial Mortgage		Conforming conventional fixed- and adjustable-rate purchase loans. Jumbo loans available. Refinance loans, home equity loans and HELOCs. Pre-qualification available. Fast-track program helps qualified borrowers close in 25 days.	Chat with a ConsumerAffairs decision guide Live agent
	Watermark Home Loans		Wide range of home loans, including conventional, jumbo, FHA, VA and USDA. Specialty programs. Nonconforming loans. Interest-only loans. Low-down-payment loans. Available in 37 states. Totally remote e-closings.	Chat with a ConsumerAffairs decision guide Live agent
	Wyndham Capital Mortgage		Online mortgage lender licensed in 47 states and Washington, D.C. No application, processing or underwriting fees. $5,000 on-time closing guarantee. Offers electronic closings. Purchase and refinancing options available.	Chat with a ConsumerAffairs decision guide Live agent
	Zigzy		Online mortgage lender. Serves all states except New York and Hawaii. Allows buyers to be all-cash buyers during the purchase process of single-family homes. Offers home loans and refinancing through New American Funding.	Chat with a ConsumerAffairs decision guide Live agent

Disclaimer

Information in this guide is general in nature and is intended for informational purposes only; it is not legal, health, investment or tax advice. ConsumerAffairs.com makes no representation as to the accuracy of the information provided and assumes no liability for any damages or loss arising from its use.

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