Best of

Best Mortgage Lenders with No Origination Fee of 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.

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.

Better.com

at Better.com

4.5

NerdWallet rating 

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.
Reali Loans

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.
Read full review
Network Capital

at Network Capital

3.5

NerdWallet rating 

at 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.
Amerisave

at AmeriSave

3.5

NerdWallet rating 

at 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.
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.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Low rate of consumer complaints filed with the Consumer Financial Protection Bureau.
  • Request a pre-qualification through PrimeLending’s secure system from a phone, tablet or computer.
  • Niche mortgage products include energy-efficient mortgages, FHA 203(k) renovation and remodeling loans, manufactured home mortgages and home construction loans.
  • Free “float down” interest rate option lets borrowers choose the lower rate if interest rates fall, even with a rate lock.
  • NeighborhoodEdge closing cost assistance program for low- to moderate-income borrowers allows qualified borrowers $2,000 in closing cost credits (restrictions on income and location).
  • “Alternative doc” program lets borrowers qualify for mortgage based on bank statements rather than tax returns.

Cons

  • No live chat online.
  • No online mortgage rate quotes.
Read full review

Summary of Best Mortgage Lenders with No Origination Fee of 2019

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Better.com

Better.com

NerdWallet rating 

at Better.com

online experience

620

3%

at Better.com

Reali Loans

Reali Loans

at Reali Loans

online experience

620

5%

at Reali Loans

Network Capital

Network Capital

NerdWallet rating 

at Network Capital

purchase loans

620

3%

at Network Capital

Amerisave

Amerisave

NerdWallet rating 

at AmeriSave

purchase loans

600

3%

at AmeriSave

NASB

NASB

VA loans

620

3%

Read review
PrimeLending

PrimeLending

VA loans

620

3%

Read review
LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Better.com

Better.com

NerdWallet rating 

at Better.com

online experience

620

3%

at Better.com

Reali Loans

Reali Loans

at Reali Loans

online experience

620

5%

at Reali Loans

Network Capital

Network Capital

NerdWallet rating 

at Network Capital

purchase loans

620

3%

at Network Capital

Amerisave

Amerisave

NerdWallet rating 

at AmeriSave

purchase loans

600

3%

at AmeriSave

NASB

NASB

VA loans

620

3%

Read review
PrimeLending

PrimeLending

VA loans

620

3%

Read review

Last updated on July 8, 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 Mortgage Lenders with No Origination Fee of 2019