9 Best Conventional Mortgage Lenders of 2022

Why we like it

Pros

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

• Extends full online capabilities, from application to loan tracking.

• Displays customized rates, with fee estimates, without requiring contact information.

Cons

• Equity lines and construction loans are available only in the Kansas City metro area.

• Doesn’t offer renovation loans.

Why we like it

Pros

• Uses manual underwriting to evaluate creditworthiness, in some cases.

• Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

• Mortgage origination fees tend to be on the high end, according to the latest federal data.

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

• Excels in online convenience, with document upload, loan tracking and e-signatures.

• Offers good rate transparency; rate shoppers can see customized interest rates.

Cons

• Limited variety of loan products: FHA, VA and USDA loans are unavailable.

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

Why we like it

Pros

• Offers the ability to securely upload and digitally sign loan documents.

• Displays detailed sample rates for many of its loan products.

Cons

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

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 completely online application process.

• Posts current interest rates for purchase and refinancing.

• Provides customized rate quotes online.

Cons

• Available in just 14 states.

• Offers fewer loan types and products than other lenders.

Why we like it

Pros

• Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.

• Offers low rates and typical fees compared to other lenders, according to the latest data.

Cons

• Requires help from a loan officer to complete an online mortgage application.

• Customized mortgage rates not available without making contact.