10 Best Charlotte Mortgage Lenders of 2020

Why we like it

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 many working Americans.

• Offers custom fixed-rate loan terms that are between eight and 30 years.

• Provides a wide variety of loan types, including renovation loans and all government-backed mortgage products.

Cons

• Quicken Loans doesn't offer home equity loans or HELOCs.

• Quicken's lender fees can be stout and they don't offset those fees with particularly low mortgage rates.

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.

Why we like it

Pros

• Offers refinance mortgages with fixed and adjustable rates.

• Allows borrowers to apply entirely online.

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

Cons

• Does not offer renovation loans.

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 mostly to 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, entrepreneurs and other professionals.

• 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 digital income, asset and employment verification.

• Offers multiple renovation loan options.

• Has over 200 affiliated loan stores nationwide 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 wide range of loan types and products, including FHA, VA and USDA.

• Has a full suite of online conveniences.

• Does well with rate transparency, and monthly payment estimates add mortgage insurance, when applicable.

Cons

• Doesn’t offer renovation loans at this time.

• 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 homebuyer 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.

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, like bank statements and rent payments.

Cons

• To get sample rates, you'll have to speak with a loan officer.

• Doesn't offer home equity loans or HELOC.