10 Best Charlotte Mortgage Lenders of 2021

Why we like it

Pros

• Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.

• Estimates the loan amount you’ll qualify for within minutes.

• Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.

Cons

• Getting a customized interest rate requires a credit check, which can affect your credit score.

• Doesn't offer home equity loans or lines of credit.

• Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.

Why we like it

Pros

• Offers down payment and closing cost assistance programs.

• May give existing customers a discount on mortgage lender origination fees.

• Offers home equity line of credit, or HELOC.

Cons

• Doesn't offer renovation loans that roll costs into a mortgage.

Why we like it

Pros

• Offers a robust suite of loan products, including a variety of renovation loans.

• Has a digital application that can be completed in 10 minutes.

• Works with some state housing finance agencies to offer mortgages with down payment and closing cost assistance.

Cons

• Mortgage rates aren't posted online.

• Origination fees are on the high side and are not offset by low rates, according to the latest data.

Why we like it

Pros

• Offers digital income, asset and employment verification.

• Offers multiple renovation loan options.

• Has affiliated loan stores for customers who prefer face-to-face service.

Cons

• Mortgage rates aren't available online; you'll need to contact a loan officer.

• Does not offer home equity loans or lines of credit.

Why we like it

Pros

• Offers a variety of low-down-payment mortgages as well as construction mortgages.

• Website lets users estimate rates online by loan and property type, amount and location.

• Has an online mortgage application.

Cons

• Branches limited to mostly the Southeast region.

• Does not offer FHA loans.

Why we like it

Pros

• Offers a wide variety of loan options, including special programs for doctors.

• Offers a complete suite of online mortgage application tools and loan tracking.

• Sample rates and fees are easy to find on the website.

Cons

• Customized rates aren't available online without starting an application.

• Branches are limited mostly to the Southeast.

Why we like it

Pros

• Offers a wide range of loan types and products, including FHA, VA and USDA.

• Has a full suite of online conveniences.

• Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.

Cons

• Home equity lending is geographically limited.

Why we like it

Pros

• Offers extensive educational resources for military borrowers.

• Provides digital tools for a streamlined application process.

• Participates in some state down payment assistance and first-time home buyer programs.

Cons

• No mortgage rates displayed online.

• Doesn’t offer home equity loans or lines of credit.

Why we like it

Pros

• Offers a wide range of affordable mortgage products designed for military members.

• Has an online application for preapproval.

• Offers low rates compared with most lenders, according to the latest data.

Cons

• Website does not provide customized mortgage rates based on credit score or other factors before you apply.

• Credit union membership is limited to veterans and current military members, their families, and certain federal employees, retirees and contractors.

Why we like it

Pros

• Offers multiple low-down-payment loan programs.

• May consider alternative credit data, such as bank statements and rent payments.

• You can view customized rates for purchasing a home and apply online.

Cons

• Doesn't offer home equity loans, HELOCs or renovation mortgages.

• Lender fees and mortgage rates are on the high side, according to the latest data.