Best of
Best 30-Year Fixed-Rate Mortgage Lenders of 2019
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NerdWallet has researched some of the best available national mortgage lenders offering 30-year fixed-rate loans, matched to your needs.
at Quicken Loans
at Quicken Loans
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch.
- Instantly verifies employment and income for more than 60% of working Americans.
- Offers custom fixed-rate loan terms that are between eight and 30 years.
- Provides FHA-backed loans, USDA loans as well as products offered by Freddie Mac and Fannie Mae that require down payments as low as 3%.
Cons
- Doesn't offer home equity loans or HELOCs.
- If you’re a “look me in the eye” type of customer, you’re out of luck.
- Doesn’t consider alternative credit data. It just looks at credit scores and debt-to-income ratios, the way most mortgage lenders always have.
National / Regional
National
Min. Down Payment
3%
Pros
- Low down payment options.
- Discounts for Citibank customers.
- Looks at alternative credit data like rent history and child support payments.
- Available in all 50 states.
Cons
- Charges a mortgage application fee.
- Did not disclose origination fees, which may vary.
- Can't complete loan online.
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at Reali Loans
at Reali Loans
Min. Credit Score
620
Min. Down Payment
5%
Pros
- Boasts of closing loans quickly.
- No upfront origination or broker fees.
- 24/7 access to your loan and its progress.
- Transparent platform that automates (and shortens) the refinance process.
Cons
- Currently operates in a limited number of states.
- Doesn’t offer USDA government loans.
at Chase
at Chase
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Allows electronic submission and tracking of documents.
- Existing Chase customers can get discounts.
- Offers a wide selection of purchase and refinance mortgages.
Cons
- Charges rate lock, origination and underwriting fees.
- You have to speak with a mortgage banker to get complete info on products and requirements.
at Rocket Mortgage
at Rocket Mortgage
Min. Credit Score
620
Min. Down Payment
3%
Pros
- The site caters to self-service users who want to apply for a home loan without talking to a human unless it’s absolutely necessary.
- With your authorization, accesses asset statements from 98% of U.S. financial institutions.
- Tells you the loan amount you’ll qualify for within minutes.
- Rocket Mortgage’s document and asset retrieval capabilities can save you a bunch of time and hassle.
Cons
- Doesn't offer home equity loans or HELOCs.
- If you’re a “look me in the eye” type of customer, you’re out of luck.
- Doesn’t consider alternative credit data. It just looks at credit scores and debt-to-income ratios, the way most mortgage lenders always have.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Works with most borrowers as long as they have good credit scores and incomes.
- Provides a user-friendly digital platform that’s thorough in covering all types of borrowing scenarios.
- Has a 95% customer satisfaction rate, according to company data.
Cons
- Charges some fees, such as a $1,290 lender fee that includes a $150 application fee.
- Offers many products, which might confuse or overwhelm borrowers.
- Several click-throughs required for personalized rates.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Allows borrowers to apply entirely online.
- Offers down payment and closing cost assistance programs.
- Accepts alternative credit data for some loan types.
- May give existing customers a discount on mortgage lender origination fees.
Cons
- Charges an application fee of $1,170, on average.
- Has a high volume of consumer complaints, even for a big national bank.
at New American
at New American
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Uses manual underwriting to evaluate creditworthiness.
- Offers full online mortgage application, rate quotes, document upload and loan tracking.
- Home equity lending sets it apart from most non-bank lenders.
Cons
- Services not available in all 50 states.
at Vylla
at Vylla
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Low minimum credit score.
- Online application, loan tracking and document upload.
- Free rate locks.
Cons
- No online preapproval.
- No presence in Massachusetts or North Dakota.
Summary of Best 30-Year Fixed-Rate Mortgage Lenders of 2019
| Lender | Best For | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
Quicken Loans at Quicken Loans | first-time home buyers | 620 | 3% | at Quicken Loans |
 Citibank Mortgage | first-time home buyers & face-to-face service | N/A | 3% | Read review |
Reali Loans at Reali Loans | refinancing | 620 | 5% | at Reali Loans |
Chase at Chase | refinancing | 620 | 3% | at Chase |
Rocket Mortgage at Rocket Mortgage | online lenders | 620 | 3% | at Rocket Mortgage |
 Guaranteed Rate | online lenders | 620 | 3% | Read review |
 Bank of America | face-to-face service | 620 | 3% | Read review |
New American Funding at New American | lower credit | 620 | 3% | at New American |
Vylla at Vylla | lower credit | 620 | 3% | at Vylla |
| Lender | Best For | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
Quicken Loans at Quicken Loans | first-time home buyers | 620 | 3% | at Quicken Loans |
Citibank Mortgage | first-time home buyers & face-to-face service | N/A | 3% | Read review |
Reali Loans at Reali Loans | refinancing | 620 | 5% | at Reali Loans |
Chase at Chase | refinancing | 620 | 3% | at Chase |
Rocket Mortgage at Rocket Mortgage | online lenders | 620 | 3% | at Rocket Mortgage |
Guaranteed Rate | online lenders | 620 | 3% | Read review |
Bank of America | face-to-face service | 620 | 3% | Read review |
New American Funding at New American | lower credit | 620 | 3% | at New American |
Vylla at Vylla | lower credit | 620 | 3% | at Vylla |
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Last updated on July 2, 2019
Methodology
To recap our selections...
NerdWallet's Best 30-Year Fixed-Rate Mortgage Lenders of 2019
- Quicken Loans: Best for first-time home buyers
- Citibank Mortgage: Best for first-time home buyers & face-to-face service
- Reali Loans: Best for refinancing
- Chase: Best for refinancing
- Rocket Mortgage: Best for online lenders
- Guaranteed Rate: Best for online lenders
- Bank of America: Best for face-to-face service
- New American Funding: Best for lower credit
- Vylla: Best for lower credit
