Best of
Best Mortgage Lenders with No Origination Fee of 2019
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It’s hard to find a lender that doesn’t charge an origination fee. But NerdWallet has done the research and found highly-rated loan providers without lender fees.
at Better.com
at Better.com
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Claims a three-minute application process for initial preapproval.
- An online process with human help as needed.
- Loan officers aren't paid commissions, they are strictly available for "support, not sales."
- For higher-value homes, offers 10% down with no mortgage insurance on jumbo loans.
- 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.
- Not available in all 50 states.
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at Reali Loans
at Reali Loans
Min. Credit Score
620
Min. Down Payment
5%
Pros
- Boasts of closing loans quickly.
- No upfront origination or broker fees.
- 24/7 access to your loan and its progress.
- Transparent platform that automates (and shortens) the refinance process.
Cons
- Currently operates in a limited number of states.
- Doesn’t offer USDA government loans.
at Network Capital
3.5
NerdWallet ratingat Network Capital
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Charges no lender fees.
- A good selection of loan products, including all government-backed mortgages.
- Offers jumbo loans up to $3 million.
Cons
- Offers no home equity products.
- Doesn't lend in all states.
at AmeriSave
3.5
NerdWallet ratingat AmeriSave
Min. Credit Score
600
Min. Down Payment
3%
Pros
- Does not charge origination fees or application fees.
- Loan closings can be held in your home or at a local office of your choice.
- Offers rewards of $250-$4,500 on home purchases or sales completed through a network of affiliated real estate agents.
Cons
- Fees shown with mortgage rates on the home page are above the national average.
- Doesn’t offer home equity loans or HELOCs.
at NASB
at NASB
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Devotes much of its business to serving military families with VA loans.
- Considers nontraditional income sources.
- IRA nonrecourse loans for buying investment property.
Cons
- No online loan process updates or tracking.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Low rate of consumer complaints filed with the Consumer Financial Protection Bureau.
- Offers a "float-down" interest rate lock.
- Offers a proprietary closing-cost assistance program.
Cons
- No online mortgage rates.
- Charges an origination fee.
- Doesn't offer home equity products.
Summary of Best Mortgage Lenders with No Origination Fee of 2019
| Lender | Best For | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
Better.com at Better.com | online experience | 620 | 3% | at Better.com |
Reali Loans at Reali Loans | online experience | 620 | 5% | at Reali Loans |
Network Capital NerdWallet rating at Network Capital | purchase loans | 620 | 3% | at Network Capital |
Amerisave NerdWallet rating at AmeriSave | purchase loans | 600 | 3% | at AmeriSave |
NASB at NASB | VA loans | 620 | 3% | at NASB |
 PrimeLending | VA loans | 620 | 3% | Read review |
| Lender | Best For | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
Better.com at Better.com | online experience | 620 | 3% | at Better.com |
Reali Loans at Reali Loans | online experience | 620 | 5% | at Reali Loans |
Network Capital NerdWallet rating at Network Capital | purchase loans | 620 | 3% | at Network Capital |
Amerisave NerdWallet rating at AmeriSave | purchase loans | 600 | 3% | at AmeriSave |
NASB at NASB | VA loans | 620 | 3% | at NASB |
PrimeLending | VA loans | 620 | 3% | Read review |
Last updated on July 8, 2019
Methodology
To recap our selections...
NerdWallet's Best Mortgage Lenders with No Origination Fee of 2019
- Better.com: Best for online experience
- Reali Loans: Best for online experience
- Network Capital: Best for purchase loans
- Amerisave: Best for purchase loans
- NASB: Best for VA loans
- PrimeLending: Best for VA loans
