BEST OF

9 Best San Antonio Mortgage Lenders of 2021

NerdWallet scanned San Antonio mortgage lenders to recommend some of the best in important categories.

By NerdWallet  

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Whether buying a home inside or outside of Loop 410, you want a mortgage lender that performs like the Spurs — gets the job done well with a minimum of fuss. NerdWallet researched mortgage companies in San Antonio and identified some of the best in important categories. Our national and regional picks are a good place to start as you shop for a mortgage. These national companies do a lot of business in San Antonio and are among NerdWallet’s top-rated mortgage lenders.

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Best San Antonio Mortgage Lenders

Rocket Mortgage, LLC
Learn more

at Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

4.5

NerdWallet rating 
Rocket Mortgage, LLC

Min. credit score

620

Min. down payment

3%
Learn more

at Rocket Mortgage, LLC

Why we like it

Good for: borrowers who appreciate a fully digital home loan experience with mortgage rates lower than other lenders’.

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.

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Fairway Independent Mortgage
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at Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

3.0

NerdWallet rating 
Fairway Independent Mortgage

Min. credit score

620

National / regional

National
Learn more

at Fairway Independent Mortgage

Why we like it

Good for: borrowers who want access to a wide variety of mortgages, including renovation loans and ITIN loans.

Pros

  • Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers.

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

Cons

  • Mortgage rates for different types of loans aren't posted online.

  • Origination fees are on the high side compared with other lenders, according to the latest federal data.

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Navy Federal
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Navy Federal: NMLS#399807

4.0

NerdWallet rating 
Navy Federal

National / regional

National

Min. down payment

0%
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Why we like it

Good for: military members and their families looking for low-down-payment mortgages.

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.

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PrimeLending
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PrimeLending: NMLS#13649

3.5

NerdWallet rating 
PrimeLending

Min. credit score

620

Min. down payment

3%
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Why we like it

Good for: borrowers looking for closing cost assistance, as well as those seeking to renovate or to build a new home.

Pros

  • Full online application includes document uploads and automated loan updates.

  • Offers a "float-down" interest rate lock.

  • Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans.

Cons

  • No online mortgage rates — you have to contact the lender for info.

  • Doesn't offer home equity products.

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USAA
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USAA: NMLS#8722

4.0

NerdWallet rating 
USAA

Min. credit score

620

Min. down payment

3%
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Why we like it

Good for: veterans, active-duty service members and eligible reservists looking for VA loans.

Pros

  • VA loans are the bulk of USAA’s business, so it knows the ins and outs of eligibility.

  • Offers a conventional home loan with low down payment for first-time buyers.

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

Cons

  • Doesn’t offer FHA or USDA loans, or second mortgages.

  • Limited mortgage rate information is on the USAA website. For customized rates, you'll have to make contact.

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Caliber
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Caliber: NMLS#15622

3.5

NerdWallet rating 
Caliber

Min. credit score

580

Min. down payment

3.5%
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Why we like it

Good for: first-time home buyers, veterans and those who may have credit challenges to overcome.

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.

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Bank of America
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Bank of America: NMLS#399802

4.5

NerdWallet rating 
Bank of America

Min. credit score

660

Min. down payment

5%

National / regional

National
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National / regional

National

Why we like it

Good for: first-time home buyers looking for low- or no-down-payment options and homeowners interested in a home equity line of credit.

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.

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Chase
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Chase: NMLS#399798

4.5

NerdWallet rating 
Chase

Min. credit score

620

Min. down payment

3%
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Why we like it

Good for: borrowers who want a wide selection of loan products, an in-person experience and comparatively low interest rates.

Pros

  • Carries a wide variety of mortgage types and products, including DreaMaker and Standard Agency mortgages, with down payments as low as 3%.

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

  • Offers a customizable mortgage calculator for personalized rate and payment estimates.

Cons

  • Doesn't offer home improvement loans, such as FHA 203(k) and HomeStyle.

  • You have to speak with a home loan adviser to complete the application.

  • Home equity lines of credit (HELOC) are currently unavailable.

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Flagstar
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Flagstar: NMLS#417490

4.5

NerdWallet rating 
Flagstar

Min. credit score

620

Min. down payment

3%
Read review

Why we like it

Good for: borrowers who want a wide range of choices — not only among mortgage products, but also in the channel they prefer, whether a branch, online or on the phone.

Pros

  • Offers a wide range of loan types and products, including FHA, VA and USDA.

  • Borrowers can apply and track loan status online.

  • Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.

Cons

  • Home equity loans are geographically limited.

  • Origination fees are on the high side compared with other lenders, according to the latest federal data.

Read Full Review

» MORE: See the best Texas mortgage lenders

Local and regional mortgage lenders in San Antonio

The following mortgage companies are among the top lenders by loan volume in San Antonio, so they’re worth checking out if you’re looking for more options. NerdWallet has not reviewed these lenders.

AMCAP Mortgage

  • Offers options for low-down-payment borrowers.

  • One of the highest-volume FHA lenders in the area.

  • Offers combined purchase and renovation home loans.

  • Offers online pre-qualification.

Cornerstone Home Lending

  • More than half of its lending volume is in FHA and VA loans.

  • Has a full menu of conventional loan options, too, including jumbo loans.

  • Offers online pre-qualification.

Legacy Mutual Mortgage

  • Good for borrowers who want a homegrown lender based in San Antonio.

  • Offers a full menu of conventional and government-backed loans.

  • Makes Spanish-language versions of forms available online for borrowers to reference.

  • Has an online application process.

Security Service Federal Credit Union

  • Offers home equity loans and lines of credit.

  • Offers lot, land and construction loans.

  • Allows certain borrowers to save up to $5,000 on select closing costs for conventional loans.

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Last updated on January 22, 2021

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 San Antonio Mortgage Lenders of 2021