10 Best Washington, D.C., Mortgage Lenders of 2021

Why we like it

Pros

• Posts current mortgage rates on its website.

• Has an online application for mortgage preapproval and a digital tool to track application progress.

• Offers several affordable loan options, including FHA, VA, USDA and the PNC Community Loan.

Cons

• Doesn't offer renovation mortgages.

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

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

• Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.

• Mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.

• Offers the option to work with loan officers by phone if desired.

Cons

• Getting a customized interest rate requires a credit check, which can affect your credit score.

• Doesn't offer home equity lines of credit.

• Origination fees are on the high side compared with other lenders, according to the latest federal 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 and HELOC interest rates.

• Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

• Doesn't offer renovation loans that roll costs into a mortgage.

Why we like it

Pros

• Offers multiple low-down-payment loan programs.

• May consider alternative credit data, such as bank statements.

• You can view customized rates for purchasing a home and apply online.

Cons

• Doesn't offer home equity lines of credit.

• Lender fees are on the high side, according to the latest federal data.

Why we like it

Pros

• Offers extensive educational resources for military borrowers.

• Participates in some down payment assistance and first-time home buyer programs.

Cons

• No mortgage rates displayed online.

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

Why we like it

Pros

• Offers a wide range of affordable mortgage products, including 0% down payment loans, designed for military members.

• Offers HELOCs and home equity loans.

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

Cons

• Website does not provide customized mortgage rates based on credit score or other factors before you apply.

• Credit union membership is limited to veterans and current military members, their families, and certain federal employees, retirees and contractors.

Why we like it

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.

Why we like it

Pros

• Sample rates clearly posted for various loan products.

• Offers a wide variety of loan types and products.

• Mortgage rates tend to be on the low side compared with other lenders, according to the latest federal data.

Cons

• Home loans business is broadly focused on bank customers.

• Doesn’t offer home improvement loans, or home equity loans or lines of credit.

• Scandals and government actions have damaged consumer trust in recent years.

Why we like it

Pros

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

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

• Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

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

• Customized mortgage rates not available without making contact.

• Doesn’t offer renovation loans.