Best VHDA Mortgage Lenders of 2019

Pros

• Works with most borrowers as long as they have good credit scores and incomes.
• Provides a user-friendly digital platform that’s thorough in covering all types of borrowing scenarios.
• Has a 95% customer satisfaction rate, according to company data.

Pros

• Wide variety of terms, including 10-, 15-, 20-, 25- and 30- year fixed-rate mortgages and ARMs with 3/1, 5/1, 7/1 and 10/1 terms.
• Offers Fannie Mae and Freddie Mac programs for low- to moderate-income home buyers.
• VA lending is one-third of J.G. Wentworth’s business. A number of loan officers and other employees are former service members.
• Focus on automation includes an entire online loan application process, digital document uploads, loan tracking and signatures as well as pre-qualification letters by email.
• Licensed in all states except for Hawaii, Missouri, Montana, Nevada and New York.

Pros

• A robust suite of loan products.
• Licensed in all 50 states.
• Close in as little as 10 days using the Fairway app.

Pros

• A wide variety of loan types.
• Low credit score requirements for government-backed loans.
• A wealth of educational material on its website.
• Licensed in all 50 states.

Pros

• Embraces FHA-backed home loans.
• Offers three construction loan offerings.
• A professional loan package is tailored for the needs of doctors, lawyers, architects and certified public accountants.
• Flagstar reps are familiar with low-down-payment state bond programs for first-time home buyers and income-limited households, as well as the areas that qualify for USDA loans.
• Offers home equity loans and home equity lines of credit.

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.

Pros

• Considers alternative credit history on certain loans.
• Offers construction loans to build a home or make significant renovations to an existing home.
• Flexible borrowing and payment options for home equity loans and lines of credit.
• Full suite of online capabilities.

Pros

• Offers a complete online suite of mortgage application tools and loan tracking.
• Has plenty of loan options to choose from and competitive interest rates.
• Provides customer service in its physical locations, online, via chat and by phone.
• Has a Doctor Loan Program for medical professionals who have high earning potential but little cash for down payments.

Pros

• Offers government-backed loans with low down-payment options as well as conventional and jumbo loans.
• Has a low-down-payment program available for medical doctors and dentists.
• Provides loans directly to consumers and through mortgage brokers and banks.