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Best 15-Year Fixed-Rate Mortgage Lenders of 2018

July 19, 2017
Finding the Right Mortgage, Mortgages
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NerdWallet offers financial tools and advice to help you understand your options and make the best possible decisions. The guidance we offer and information we provide are deeply researched, objective and independent.

We spent over 400 hours reviewing the top mortgage lenders before selecting the best for our readers. We’ve picked at least two lenders in several "best of" categories to help you find a lender that meets your needs.

While 30-year fixed-rate loans are the most common type of mortgage, some home buyers seek a 15-year mortgage with a lower interest rate, which can provide major savings over the life of the loan. The tradeoff is that the monthly payments are higher due to the shorter loan term.

If you can handle the larger payment, browse NerdWallet’s selection of some of the best national mortgage lenders for 15-year loans to help you choose the best one for your needs.

Best 15-year fixed-rate mortgage lenders for refinancing

If you want to change your loan’s term, take advantage of lower interest rates or switch from adjustable rate to fixed rate (or vice versa), these are some of the best refinancing lenders.

  • Fully automated online application with a quick decision
  • Track your refinance loan process online 24/7
  • No origination fee or broker commission on refinancing loans
  • Lenda review
  • Offers a variety of refinancing options to homeowners
  • You can start the refi process online, and there are plenty of local branches nationwide for in-person service
  • Can refinance FHA and VA loans
  • Chase mortgage review

Best 15-year fixed-rate mortgage online lenders

If you prefer your entire mortgage process to be on the computer or mobile device, these online lenders may be right for you.

Rocket Mortgage
  • The fully online application can be completed via computer or smartphone
  • Its software may be able to verify your employment and assets online in minutes
  • Loan decisions are made very quickly, typically within minutes
  • Rocket Mortgage review
  • Offers a completely online application process with secure document uploads and electronic signature
  • Claims to have a 95% customer satisfaction rate
  • If you decide you want a human touch, Guaranteed Rate has 170 branches across the country
  • Guaranteed Rate review

Best 15-year fixed-rate mortgage lenders for face-to-face service

For borrowers who prefer in-person service, these lenders have thousands of local branches nationwide.

  • Offers a wide range of purchase and refinance loans
  • Provides an online portal where you can track your progress and sign and submit documents digitally
  • Existing bank customers may qualify for reduced fees
  • Bank of America mortgage review
  • Offers a variety of refinancing options to homeowners
  • You can start the refi process online, and there are plenty of local branches nationwide for in-person service
  • Can refinance FHA and VA loans
  • Chase mortgage review

Best 15-year fixed-rate mortgage lenders for borrowers with bad credit

If your credit is less than stellar, these lenders have programs that may help you qualify to buy a home.

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  • Uses a manual underwriting process, giving them more flexibility to approve loans
  • Helps borrowers obtain state-sponsored down payment assistance and grant programs
  • Some loan products requires a minimum credit score of only 580
  • New American Funding review
  • Serves borrowers with lower credit scores, sometimes as low as a FICO of 550
  • Offers loan programs for borrowers with moderate incomes
  • Helps coordinate down payment assistance programs for borrowers through state housing authorities
  • Carrington Mortgage review

Best credit unions for 15-year fixed-rate mortgages

Credit unions are known for offering lower interest rates and fewer fees than traditional banks, so consider these lenders if you want to use a credit union for your mortgage. 

  • Apply online, by phone, or at branch locations in four states
  • Get a no-hassle mortgage comparison by filling out an online form; a loan officer will respond within two days
  • Considers alternative credit data when underwriting
  • Connexus Credit Union review
  • A smaller lender that offers a full variety of loan products with more personalized service
  • A “digital-first credit union” with online tools and services
  • Offers flexibility in its lending criteria and may consider alternative credit
  • Alliant review

Best 15-year fixed-rate mortgage lenders: summary

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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.