BEST OF

10 Best Washington Mortgage Lenders of 2021

NerdWallet picked some of the best Washington mortgage lenders across five different categories, including loans for first-time home buyers, borrowers with low credit and those looking to refinance.

NerdWalletJanuary 28, 2021
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If you’re looking for the best mortgage lenders in Washington, we’ve done the research. NerdWallet compared the state’s leading lenders, then identified the best ones for a variety of specific loan needs.

Whether you’re shopping for a condo in Seattle, a classic ranch in Spokane or a cash-out refinance in Yakima, these lenders are a solid place to start shopping.

Summary of Best Washington Mortgage Lenders of 2021

Quicken Loans

at Quicken Loans

4.5

NerdWallet rating 

at Quicken Loans

Min. Credit Score

620

Min. Down Payment

3%

Good for: borrowers looking for just about all of the services your neighborhood lender does — with online convenience.

Pros

  • Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch.
  • Instantly verifies employment and income for many working Americans.
  • Offers custom fixed-rate loan terms that are between eight and 30 years.
  • Provides a wide variety of loan types, including renovation loans and all government-backed mortgage products.

Cons

  • Quicken Loans doesn't offer home equity loans or HELOCs.
  • Quicken's lender fees can be stout and they don't offset those fees with particularly low mortgage rates.
Read full review

Citibank: NMLS#412915

5.0

NerdWallet rating 
National / Regional

National

Min. Down Payment

3%

Good for: Borrowers wanting to compare mortgage rates online for a variety of loan options.

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Provides customizable mortgage rates on its website.
  • Offers low rates and fees compared with other lenders.

Cons

  • Charges a mortgage application fee.
  • Requires help from a mortgage loan officer to complete the loan application online.
Read full review
Rocket Mortgage by Quicken Loans

at Rocket Mortgage by Quicken Loans

4.5

NerdWallet rating 

at Rocket Mortgage by Quicken Loans

Min. Credit Score

620

Min. Down Payment

3%

Good for: borrowers who appreciate smartphone and online convenience for a fully digital home loan experience powered by Quicken Loans.

Pros

  • Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.
  • Estimates the loan amount you’ll qualify for within minutes.
  • Offers document and asset retrieval capabilities.

Cons

  • If you’re a “look me in the eye” type of customer, you’re out of luck.
  • Getting a customized interest rate requires a credit check, which can lower your credit score by a few points.
Read full review
Guaranteed Rate

at Guaranteed Rate

5.0

NerdWallet rating 

at Guaranteed Rate

Min. Credit Score

620

Min. Down Payment

3%

Good for: borrowers seeking conventional or government-backed loans, and a totally online experience.

Pros

  • Offers the ability to securely upload and digitally sign loan documents.
  • Displays detailed sample rates for many of its loan products.

Cons

  • Doesn't offer home equity loans or lines of credit.
Read full review
Veterans United

at Veterans United

4.5

NerdWallet rating 

at Veterans United

Min. Credit Score

650

Min. Down Payment

0%

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

Pros

  • Offers 24/7 customer service over the phone.
  • Has online application and pre-qualification.
  • Offers a free credit counseling service.
  • Employs advisors from each branch of the armed forces.

Cons

  • Doesn’t offer home equity loans or HELOCs.
  • Veterans United has physical branch offices in only 18 states.
  • Information on FHA, USDA and conventional loans is harder to find on their website.
  • Charges higher rates and fees than some other lenders.
Read full review

Flagstar: NMLS#417490

5.0

NerdWallet rating 
Min. Credit Score

620

Min. Down Payment

3%

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.
  • Has a full suite of online conveniences.
  • Does well with rate transparency, and monthly payment estimates add mortgage insurance, when applicable.

Cons

  • Home equity lending is geographically limited.
Read full review
loanDepot

at loanDepot

3.5

NerdWallet rating 

at loanDepot

Min. Credit Score

620

National / Regional

National

Good for: borrowers looking to refinance or who want to start the application process online.

Pros

  • Offers digital income, asset and employment verification.
  • Offers multiple renovation loan options.
  • Has over 200 affiliated loan stores nationwide for customers who prefer face-to-face service.

Cons

  • Mortgage rates aren't available online; you'll need to contact a loan officer.
  • Does not offer home equity loans or lines of credit.
Read full review
Reali Loans

at Reali Loans

3.5

NerdWallet rating 

at Reali Loans

Min. Credit Score

620

National / Regional

Regional

Good for: borrowers looking for an online mortgage application experience.

Pros

  • Offers a completely online application process.
  • Provides customized rate quotes online.

Cons

  • No FHA, VA or USDA refinance products.
  • Available only in a dozen states.
Read full review
New American Funding

at New American Funding

4.5

NerdWallet rating 

at New American Funding

Min. Credit Score

620

Min. Down Payment

3%

Good for: borrowers who need to be evaluated on the basis of nontraditional credit and those interested in various down payment assistance programs.

Pros

  • Uses manual underwriting to evaluate creditworthiness.
  • Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

  • Mortgage rates offered to borrowers are higher than the government-reported median of all lenders.
Read full review

Carrington: NMLS#2600

3.0

NerdWallet rating 
Min. Credit Score

620

Min. Down Payment

3%

Good for: first-time home buyers or credit-challenged borrowers interested in government loan products.

Pros

  • Offers multiple low-down-payment loan programs.
  • May consider alternative credit data, like bank statements and rent payments.

Cons

  • To get sample rates, you'll have to speak with a loan officer.
  • Doesn't offer home equity loans or HELOC.
Read full review

Last updated on January 28, 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 Washington Mortgage Lenders of 2021