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8 Best Florida Mortgage Lenders of 2022

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

Last updated on January 6, 2022
NerdWallet
Written by 
Amanda Derengowski
Edited by 
Senior Editor & Content Strategist
Fact Checked
NerdWallet
Written by 
Amanda Derengowski
Edited by 
Senior Editor & Content Strategist
Fact Checked

Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.

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  • 50+ mortgage lenders reviewed and rated by our team of experts.
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NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated Press, USA Today, The Washington Post, MarketWatch, Newsweek and many other national, regional and local publications. They have been cited in publications including The Wall Street Journal, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.

8 Best Florida Mortgage Lenders of 2022

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
Learn more
New American Funding

New American Funding: NMLS#6606

See Offers
at New American Funding
at New American Funding
4.5
/5
Home loans overall
Best for borrowers with bad credit

580

N/A

See Offers
at New American Funding
at New American Funding
Rate

Rate: NMLS#2611

5.0
/5
Home loans overall
Best for online lending

620

3%

Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

See Offers
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
4.5
/5
Home loans overall
Best for online lending

620

1%

See Offers
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
Churchill

Churchill: NMLS#1591

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on NerdWallet
3.5
/5
Home loans overall
Best for borrowers with bad credit

620

3%

Compare More Lenders
on NerdWallet
SunTrust (Truist)

SunTrust (Truist): NMLS#2915

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on NerdWallet
4.5
/5
Home loans overall
Best for first-time home buyers

620

3%

Compare More Lenders
on NerdWallet
BB&T (Truist)

BB&T (Truist): NMLS#399803

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on NerdWallet
4.5
/5
Refinancing
Best for refinancing

620

3%

Compare More Lenders
on NerdWallet
Bank of America

Bank of America: NMLS#399802

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on NerdWallet
4.5
/5
Home loans overall
Best for face-to-face service

660

5%

Compare More Lenders
on NerdWallet
Chase

Chase: NMLS#399798

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on NerdWallet
4.0
/5
Home loans overall
Best for face-to-face service

620

3%

Compare More Lenders
on NerdWallet
New American Funding: Best for borrowers with bad credit
NMLS#6606
4.5
Home loans overall
Min. credit score
580
Min. down payment
N/A
Learn more
on New American Funding's website
on New American Funding's website
  • Why we like itNew American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.
    Pros
    • Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
    • Its home equity line of credit can be used for a primary residence or second home.
    Cons
    • Average origination fees are on the high side, according to the latest federal data.
    • Personalized mortgage rates are not available on the website without providing contact information.
    Read full review
Rate: Best for online lending
NMLS#2611
5.0
Home loans overall
Min. credit score
620
Min. down payment
3%
Learn more
on Rate's website
on Rate's website
  • Why we like itRate boasts a streamlined application process, with full underwriting in as little as one business day, though average fees are higher than many competitors’.
    Pros
    • Fully underwritten mortgage approval in as little as one day for qualified borrowers.
    • Generous selection of loans, including government-backed, interest-only, jumbo and renovation.
    • Advertises a HELOC that can be funded in as few as five business days.
    Cons
    • Origination fees are on the high side, according to the latest federal data.
    • HELOC requires immediate, full withdrawal of funds.
    Read full review
Rocket Mortgage, LLC: Best for online lending
NMLS#3030
4.5
Home loans overall
Min. credit score
620
Min. down payment
1%
Learn more
on Rocket Mortgage, LLC's website
on Rocket Mortgage, LLC's website
  • Why we like itRocket Mortgage is the largest mortgage lender by volume, standing out for its range of affordable borrowing options, down payment assistance and closing cost credits.
    Pros
    • Reported average time to close is 15 days faster than industry average.
    • FHA and VA loans make up 40% of Rocket Mortgage’s total loan volume.
    • Borrowers can apply via mobile app.
    Cons
    • Origination fees are on the higher end, according to the latest federal data.
    • No construction or renovation loans.
    • Physical branches are only available in Detroit, Cleveland, and Phoenix.
    Read full review
Churchill: Best for borrowers with bad credit
NMLS#1591
3.5
Home loans overall
Min. credit score
620
Min. down payment
3%
Compare More Lenders
on NerdWallet
  • Why we like itGood for: borrowers with nontraditional credit who value a debt-free lifestyle. Churchill advocates debt-free homeownership and helps customers try to achieve that goal.
    Pros
    • Experienced at underwriting loans for borrowers without credit scores.
    • Offers conventional mortgages for manufactured homes.
    • Has conveniences such as online chat and a mobile app.
    Cons
    • Doesn't provide sample or customized mortgage rates on its website.
    • Mortgage rates and fees are on the high side, according to the latest federal data.
    Read full review
SunTrust (Truist): Best for first-time home buyers
NMLS#2915
4.5
Home loans overall
Min. credit score
620
Min. down payment
3%
Compare More Lenders
on NerdWallet
  • Why we like itGood for: first-time home buyers, doctors and other borrowers interested in low-down-payment mortgage options.
    Pros
    • Offers a wide variety of loan options, including special programs for doctors.
    • 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.
    Read full review
BB&T (Truist): Best for refinancing
NMLS#399803
4.5
Refinancing
Min. credit score
620
National / regional
Regional
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on NerdWallet
  • Why we like itBB&T excels in online convenience and offers a good variety of loan types, but has a limited physical presence outside the Southeast.
    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 to mostly the Southeast region.
    • Does not offer FHA loans.
    Read full review
Bank of America: Best for face-to-face service
NMLS#399802
4.5
Home loans overall
Min. credit score
660
Min. down payment
5%
National / regional
National
Compare More Lenders
on NerdWallet
  • Why we like itBank of America offers low interest rates, in-person service and plenty of loan options. Current banking customers may be eligible for additional perks.
    Pros
    • Interest rates are lower than most lenders, according to the latest federal data.
    • Offers up to $10,000 in down payment assistance to qualified borrowers.
    • Banking customers can get discounted interest rates or fees.
    Cons
    • Mortgage origination fees are on the high side, according to the latest federal data.
    • Rate estimator tool doesn’t personalize by credit score.
    Read full review
Chase: Best for face-to-face service
NMLS#399798
4.0
Home loans overall
Min. credit score
620
Min. down payment
3%
Compare More Lenders
on NerdWallet
  • Why we like itChase offers a good variety of loan types, including programs for first-time buyers, but it doesn't offer home equity options or stand out for competitive average rates and fees.
    Pros
    • Offers two loans with 3% down payment minimums.
    • Home buyer grants up to $7,500 may apply for qualifying borrowers.
    • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
    Cons
    • Borrowers must speak with a home loan expert before completing an online application.
    • No online live chat feature, and in-person services vary by branch location.
    Read full 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.

  • 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

  • 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

  • Full online application

  • Automatic loan status updates

  • Website offers educational resources, including a mortgage glossary and checklist

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 January 6, 2022

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. 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 2022

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