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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 |
|---|---|---|---|---|
 Better.com: NMLS#330511 at Better.com | Best for online experience | 620 | 3% | at Better.com |
.png) Reali Loans: NMLS#991397 at Reali Loans | Best for online experience | 620 | 5% | at Reali Loans |
 Network Capital: NMLS#11712 at Network Capital | Best for purchase loans | 620 | 3% | at Network Capital |
 2.png) Fast Forward Home Loans: NMLS#224149 | Best for purchase loans | 620 | 3% | Read review |
 NASB: NMLS#400039 | Best for VA loans | 620 | 3% | Read review |
 PrimeLending: NMLS#13649 | Best for VA loans | 620 | 3% | Read review |
at Better.com
Min. Credit Score
Min. Down Payment
at Better.com
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
Fast Forward Home Loans: NMLS#224149
Min. Credit Score
Min. Down Payment
PrimeLending: NMLS#13649
Min. Credit Score
Min. Down Payment
Last updated on August 10, 2020
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 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
