10 Best Mortgage Lenders of October 2021 for Jumbo Loans

Why we like it

Pros

• An online process with human help as needed.

• Makes it easy to see customized mortgage rates.

• Offers an "underwriter reviewed" preapproval letter in as little as 24 hours.

Cons

• Doesn't offer home equity loans or HELOCs.

• Doesn't do VA or USDA loans.

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.

• Offers document and asset retrieval capabilities.

Cons

• If you’re a “look me in the eye” type of customer, you’re out of luck.

• Getting a customized interest rate requires a credit check, which can lower your credit score by a few points.

Why we like it

Pros

• Allows electronic submission and tracking of loan documents.

• Carries a wide variety of mortgage types and products.

• Generally offers good rates and charges reasonable fees.

Cons

• You have to speak with a home loan advisor to complete the application.

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 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

• Has a full suite of online conveniences.

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

Cons

• Availability of some loan products may be geographically limited.

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

• Provides customizable mortgage rates on its website.

• Offers low rates and fees compared with other lenders.

Cons

• Charges a mortgage application fee.

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

Why we like it

Pros

• Online tools help you estimate mortgage payments and track application progress.

• Can be used for primary or second home purchases.

• $5 million max jumbo loan amount.

Cons

• It's not possible to complete the entire mortgage process online.

• In-person service is not available in every state.