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6 Best Mortgage Lenders with No Origination Fee of 2020
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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.
It’s a real challenge to find a lender that doesn’t charge an origination fee. And when it comes to the closing costs you’ll face when signing the paperwork for your loan, the mortgage origination fee can be a significant number. It’s often 1% of your total loan amount — or more.
NerdWallet constantly surveys mortgage providers about their origination fee and any other lender charges that will be included in your overall closing costs.
Here are our choices for highly-rated lenders in different borrower categories that don’t levy a loan origination fee.
NerdWallet tip: Even for lenders that have no origination fee loans, it may not be automatically offered — you may have to ask for loan terms that exclude an origination fee.
It’s a real challenge to find a lender that doesn’t charge an origination fee. And when it comes to the closing costs you’ll face when signing the paperwork for your loan, the mortgage origination fee can be a significant number. It’s often 1% of your total loan amount — or more.
NerdWallet constantly surveys mortgage providers about their origination fee and any other lender charges that will be included in your overall closing costs.
Here are our choices for highly-rated lenders in different borrower categories that don’t levy a loan origination fee.
NerdWallet tip: Even for lenders that have no origination fee loans, it may not be automatically offered — you may have to ask for loan terms that exclude an origination fee.
Summary of Best Mortgage Lenders with No Origination Fee of 2020
| Lender | NerdWallet Rating | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
Best for online experience | 620 | 3% | at Better.com | |
Best for online experience | 620 | 5% | at Reali Loans | |
Best for purchase loans | 620 | 3% | at Network Capital | |
Best for purchase loans | 620 | 3% | at Fast Forward Home Loans | |
Best for VA loans | 620 | 3% | at NASB | |
Best for VA loans | 620 | 3% | Read review |
at Better.com
Min. Credit Score
Min. Down Payment
at Better.com
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at Reali Loans
Reali Loans: NMLS#991397
Min. Credit Score
Min. Down Payment
at Reali Loans
at Network Capital
Network Capital: NMLS#11712
Min. Credit Score
Min. Down Payment
at Network Capital
 2.png)
at Fast Forward Home Loans
Fast Forward Home Loans: NMLS#224149
Min. Credit Score
Min. Down Payment
at Fast Forward Home Loans
at NASB
NASB: NMLS#400039
Min. Credit Score
Min. Down Payment
at NASB
PrimeLending: NMLS#13649
Min. Credit Score
Min. Down Payment
Last updated on June 26, 2020
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 Mortgage Lenders with No Origination Fee of 2020
- Better.com: Best for online experience
- Reali Loans: Best for online experience
- Network Capital: Best for purchase loans
- Fast Forward Home Loans: Best for purchase loans
- NASB: Best for VA loans
- PrimeLending: Best for VA loans
