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.
For home buyers with strong credit and enough money for at least a 5% down payment, a conventional mortgage may be the perfect fit. Conventional mortgage loans have fixed or adjustable rates, conform to certain loan limits and aren’t guaranteed or insured by the federal government.
But which lender should you choose?
You want a conventional mortgage lender who can offer the right combination of competitive rates, attractive loan terms and low closing costs. Finding a lender who excels at customer service and your preferred style of communication is also essential.
Interested in a conventional mortgage? NerdWallet has picked some of the best conventional mortgage lenders in a variety of categories to help you quickly decide which one is right for you.
Best conventional mortgage lenders for first-time home buyers
These lenders offer conventional loans with low down payment and flexible credit requirements.
- Is the largest FHA lender in the nation
- Has a full complement of mortgage products for buying and refinancing
- Offers a technology-friendly loan process with access to mortgage advisors
- Quicken Loans review
Best conventional mortgage lenders for a refinance
You’ll have multiple options for refinancing into a conventional loan with these lenders.
- Offers refinance mortgages with no origination fees or broker commissions
- Minimum 620 credit score qualification
- Automated suggestion engine will determine if there are steps you can take to lower your rate
- Lenda review
- Offers customers a variety of refinance options
- Provides fixed, adjustable, jumbo, FHA, VA and Home Affordable Refinance Program loans
- You can apply online, in a branch or by phone
- Chase Mortgage review
Best online conventional mortgage lenders
Enjoy a fast, convenient and fully automated mortgage process with these lenders.
- The biggest online mortgage lender in the U.S.
- Fully automated process that imports employment and income data, credit scores, property information and more
- Provides a loan decision in minutes
- Rocket Mortgage review
- Has hundreds of high marks and positive reviews on sites such as the Better Business Bureau, Yelp and LendingTree
- Boasts a more than a 95% customer satisfaction rate
- Provides a completely digital mortgage platform for both refinance and purchase customers
- Guaranteed Rate review
Best conventional mortgage lenders for borrowers with weak credit
These lenders specialize in loans for those with low credit scores or non-traditional credit histories.
- Uses manual underwriting to evaluate borrowers, which allows more flexibility to approve loans
- Offers a broad range of loans, including FHA, fixed-rate and adjustable rate mortgages; minimum score 580
- Offers multiple down payment assistance and grant programs
- New American Funding review
- Specializes in loans to borrowers with lower credit scores, minimum score 550 in some cases
- Offers down payment assistance programs through housing authorities in some states
- Requires online education course for borrowers
- Carrington Mortgage review
Best conventional mortgage lenders for face-to-face service
Want a human to answer questions and provide updates? Try these lenders.
- One of the largest banks in the world
- Offers a range of products, including fixed, adjustable, jumbo, FHA and VA loans
- Create an account to upload documents, download loan disclosures, e-sign and more
- Bank of America review
Best conventional mortgage lenders: summary
- Quicken Loans: First-time home buyers
- CitiMortgage: First-time home buyers
- Lenda: Refinancing
- Chase: Refinancing
- Rocket Mortgage: Online experience
- Guaranteed Rate: Online experience
- New American Funding: Lower credit score
- Carrington Mortgage: Lower credit score
- Bank of America: Face-to-face service
- CitiMortgage: Face-to-face service