Best of

Best Florida 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.

NerdWallet can help you choose the best Florida mortgage lender for you, from all-digital online specialists to major banks for in-person service.

Quicken Loans

at 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
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Offers a complete online suite of mortgage application tools and loan tracking.
  • Has plenty of loan options to choose from and competitive interest rates.
  • Provides customer service in its physical locations, online, via chat and by phone.
  • Has a Doctor Loan Program for medical professionals who have high earning potential but little cash for down payments.

Cons

  • Has a limited number of physical branch locations in 11 states and Washington, D.C.
  • Does not consider alternative scoring data, such as rent or utility payments, in standard underwriting.
Read full review
Reali Loans

at Reali Loans

at Reali Loans

Min. Credit Score

620

National / Regional

Regional

Pros

  • No upfront origination or broker fees.
  • A shorter, more transparent refinance process.
  • Online platform lets you track your refinance every step of the way.

Cons

  • No FHA, VA or USDA refinance products.
  • Account required to see personalized refinance rates.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Considers alternative credit history on certain loans.
  • Offers construction loans to build a home or make significant renovations to an existing home.
  • Flexible borrowing and payment options for home equity loans and lines of credit.
  • Full suite of online capabilities.

Cons

  • Available mostly in the Southeast; not available nationwide.
  • Creating an account is mandatory if you want to apply online.
Read full review
Rocket Mortgage

at Rocket Mortgage

at Rocket Mortgage

Min. Credit Score

620

Min. Down Payment

3%

Pros

  • The site caters to self-service users who want to apply for a home loan without talking to a human unless it’s absolutely necessary.
  • With your authorization, accesses asset statements from 98% of U.S. financial institutions.
  • Tells you the loan amount you’ll qualify for within minutes.
  • Rocket Mortgage’s document and asset retrieval capabilities can save you a bunch of time and hassle.

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
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 that 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

  • 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

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
New American Funding

at New American

at New American

Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Uses manual underwriting to evaluate creditworthiness.
  • Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

  • Services not available in all 50 states.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Offers loans to customers without credit scores, using alternative data.
  • Helps customers find relevant state housing and rural/farm programs.
  • Offers annual mortgage reviews to help borrowers stay on track toward the goal of living debt-free.

Cons

  • Not available everywhere: serves 44 states and D.C.
  • Some borrowers, particularly in expensive urban areas, may be put off by the debt-free homeownership strategy.
  • Does not offer home equity loans or HELOCs, but will "broker them out."
Read full review

Summary of Best Florida Mortgage Lenders of 2019

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Quicken Loans

Quicken Loans

at Quicken Loans

first-time home buyers

620

3%

at Quicken Loans

SunTrust

SunTrust

first-time home buyers

620

3%

Read review
Reali Loans

Reali Loans

at Reali Loans

refinancing

620

5%

at Reali Loans

BB&T

BB&T

refinancing

620

3%

Read review
Rocket Mortgage

Rocket Mortgage

at Rocket Mortgage

online lending

620

3%

at Rocket Mortgage

Guaranteed Rate

Guaranteed Rate

online lending

620

3%

Read review
Bank of America

Bank of America

face-to-face service

620

3%

Read review
Chase

Chase

at Chase

face-to-face service

620

3%

at Chase

New American Funding

New American Funding

at New American

borrowers with bad credit

620

3%

at New American

Churchill

Churchill

borrowers with bad credit

620

3%

Read review
LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Quicken Loans

Quicken Loans

at Quicken Loans

first-time home buyers

620

3%

at Quicken Loans

SunTrust

SunTrust

first-time home buyers

620

3%

Read review
Reali Loans

Reali Loans

at Reali Loans

refinancing

620

5%

at Reali Loans

BB&T

BB&T

refinancing

620

3%

Read review
Rocket Mortgage

Rocket Mortgage

at Rocket Mortgage

online lending

620

3%

at Rocket Mortgage

Guaranteed Rate

Guaranteed Rate

online lending

620

3%

Read review
Bank of America

Bank of America

face-to-face service

620

3%

Read review
Chase

Chase

at Chase

face-to-face service

620

3%

at Chase

New American Funding

New American Funding

at New American

borrowers with bad credit

620

3%

at New American

Churchill

Churchill

borrowers with bad credit

620

3%

Read review

Local Florida mortgage lenders

Although NerdWallet hasn't reviewed these lenders yet, they may be worth considering if you prefer a Florida-based mortgage provider.

FBC Mortgage

  • Online application and mobile app
  • Offers FHA, VA and USDA loans, as well as construction, jumbo and reverse mortgages
  • Has an online library of homebuying guides and a mortgage glossary

Eagle Home Mortgage

  • Online application and mobile app
  • Offers FHA, VA and USDA mortgages, as well as renovation, reverse and jumbo loans
  • Multiple refinance options
  • In-house down payment assistance program

The Mortgage Firm

  • Full online application
  • Automatic loan status updates
  • Website offers educational resources, including a mortgage glossary and checklist

Florida Community Bank

  • Mortgage pre-qualification available online
  • Offers construction-to-permanent loans, executive/doctor mortgages and foreign national loans
  • Program for low- to moderate-income borrowers offers home loans with no private mortgage insurance

Best Florida mortgage lenders by city

We took a closer look at mortgage lenders in major Florida cities. See our top picks in your area.

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 Florida Mortgage Lenders of 2019