Best of

Best Denver Mortgage Lenders of 2019

NerdWalletJuly 2, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Looking for a Denver mortgage lender? Compare our picks to find mortgage companies offering loan options for a variety of borrower needs.

Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Works with loan programs offered by state and local housing agencies.
  • Specializes in mortgages for first-time home buyers.
  • Almost half of its loans are low-down-payment government mortgages.
  • Considers alternative credit, such as history of payments on rent and utilities.

Cons

  • With a concentration of offices in the West and South, Guild has little presence in the Northeast and Midwest.
  • Jumbo borrowers may find that banks are more competitive when it comes to large loan amounts.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Embraces FHA-backed home loans.
  • Offers three construction loans.
  • A professional loan package is tailored for the needs of doctors, lawyers, architects and certified public accountants.
  • Flagstar reps are familiar with low-down-payment state bond programs for first-time home buyers and income-limited households, as well as the areas that qualify for USDA loans.
  • Offers home equity loans and home equity lines of credit.

Cons

  • Charges an average $1,000 origination fee.
Read full review
loanDepot

at loanDepot

Min. Credit Score

620

Min. Down Payment

3.5%

Pros

  • Offers digital income, asset and employment verification.
  • Has over 150 affiliated loan stores nationwide for customers who prefer face-to-face service.
  • One of the nation’s most active lenders of FHA and VA loans.

Cons

  • Published mortgage rates include up to three points of prepaid interest and fees.
  • Does not offer home equity loans or lines of credit.
Read full review
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 which includes a $150 application fee.
  • Offers many products, which might confuse or overwhelm borrowers.
  • Several click-throughs required for personalized rates.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Participates in some down payment assistance programs.
  • Offers educational resources for military borrowers.
  • Provides digital tools for a streamlined application process.

Cons

  • No mortgage rates displayed online.
  • Must work with a loan officer for pre-qualification and preapproval.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • VA loans are the bulk of USAA’s business, so it knows the ins and outs of eligibility.
  • Lots of experience assisting first-time home buyers.
  • Offers online pre-qualification.

Cons

  • Doesn’t offer FHA or USDA loans.
  • Alternative credit is not considered.
Read full review
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.
Read full review
National / Regional

National

Min. Down Payment

3%

Pros

  • A robust suite of loan products.
  • Licensed in all 50 states.
  • Close in as little as 10 days using the Fairway app.

Cons

  • Limited branch locations.
  • Mortgage rates not posted on website.
Read full review
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.
Read full review
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.
Read full review

Summary of Best Denver Mortgage Lenders of 2019

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Guild Mortgage

Guild Mortgage

first-time home buyers

620

3%

Read review
Flagstar

Flagstar

first-time home buyers

620

3%

Read review
loanDepot

loanDepot

at loanDepot

an online mortgage experience

620

3.5%

at loanDepot

Guaranteed Rate

Guaranteed Rate

an online mortgage experience

620

3%

Read review
Caliber

Caliber

veterans

620

3%

Read review
USAA

USAA

veterans

620

3%

Read review
Quicken Loans

Quicken Loans

at Quicken Loans

nonbank option

620

3%

at Quicken Loans

Fairway

Fairway

nonbank option

N/A

3%

Read review
Bank of America

Bank of America

existing customers

620

3%

Read review
Chase

Chase

at Chase

existing customers

620

3%

at Chase

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Guild Mortgage

Guild Mortgage

first-time home buyers

620

3%

Read review
Flagstar

Flagstar

first-time home buyers

620

3%

Read review
loanDepot

loanDepot

at loanDepot

an online mortgage experience

620

3.5%

at loanDepot

Guaranteed Rate

Guaranteed Rate

an online mortgage experience

620

3%

Read review
Caliber

Caliber

veterans

620

3%

Read review
USAA

USAA

veterans

620

3%

Read review
Quicken Loans

Quicken Loans

at Quicken Loans

nonbank option

620

3%

at Quicken Loans

Fairway

Fairway

nonbank option

N/A

3%

Read review
Bank of America

Bank of America

existing customers

620

3%

Read review
Chase

Chase

at Chase

existing customers

620

3%

at Chase

» MORE: See more Colorado mortgage lenders

Local mortgage lenders in Denver

The following lenders have not been reviewed by NerdWallet. However, these companies originated a significant number of mortgages in Denver and are popular among the city’s home loan shoppers.

Check them out if you want to include some local options in your search for a mortgage lender.

American Financing

  • Employs salary-based mortgage consultants.
  • Offers Colorado first-time home buyer (CHFA) loans and down payment assistance.
  • Has a bank statement loan program for self-employed borrowers.
  • Has only one branch located in Aurora, Colorado.

Cherry Creek Mortgage

  • In business since 1986.
  • Offers specialty loans for first-time home buyers, Native Americans and union members.
  • Finances new construction and renovations.
  • Has more than 20 branch locations in Colorado.

FirstBank

  • Does not require personal information for customized rate quotes online.
  • Offers first-time home buyer loans with low closing costs and down payment assistance.
  • Offers construction and lot loans.
  • Has many branch locations throughout Colorado.

Elevations Credit Union

  • Offers a wide variety of loans, including FHA, VA, USDA and jumbo.
  • Has a no-closing-cost option for conforming loans.
  • Displays interest rates online for all its mortgage products, but they’re not customized.
  • Has more than a dozen branch locations in Colorado.

More from NerdWallet

Last updated on July 2, 2019

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Denver Mortgage Lenders of 2019