Best Lenders for FHA Loans

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 info 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 for five 'best of' categories to help you find the lender that best meets your needs.

You might think all Federal Housing Administration lenders are the same. But even when you’re looking for an FHA loan, it’s always smart to shop at least three lenders before taking out a mortgage. Mortgage rates, origination fees, appraisal fees and other costs to borrow can vary substantially between lenders, and you should look until you find a lender that meets your needs. Remember, the lender you choose will affect how fast you can close, how much you pay and, ultimately, whether you can buy the home you want.

» MORE: Monitor your credit score

When choosing an FHA lender — for purchase or refinance — consider which factors matter most to you: Some borrowers want the lowest possible monthly payment, some want a shorter term on their mortgage, and some want the lowest closing costs they can find.

NerdWallet has picked some of the best FHA lenders in a variety of categories so you can quickly determine which one is right for you.

Best FHA lenders for refinance

Sometimes refinancing into an FHA loan is a good idea. These lenders have well-developed refinance offerings that may be a good fit.

quicken_logo-270 4.5-stars
  • The largest FHA lender in the nation.
  • Offers fixed-rate loans of 8-30 years, 5/1, 7/1, 10/1 ARMs.
  • Minimum credit score of 620, 580 for FHA loans.
  • Quicken Loans review
guaranteed-rate-logo-55x270 4.5-stars
  • Offers online application process with secure document uploads and digital signature acceptance.
  • Provides credit scores from all three bureaus for free.
  • Has 170 branches across the nation for in-person service.
  • Guaranteed Rate review

FHA lenders with the best online mortgage experience

For borrowers who want to apply for, track and close their mortgage online, these lenders offer easy-to-use web portals and online support.

Rocket Mortgage 4.5-stars
  • The biggest online mortgage lender in the U.S.
  • Fully automated process that imports employment and income data, credit scores, property info and more
  • Minimum credit score 580 for FHA loans
  • Rocket Mortgage review
pennymac-55x270 3.0-stars
  • Convenient online loan support, including electronic document submissions.
  • Offers fixed-rate and adjustable-rate loans, USDA refinance, FHA and VA.
  • No minimum income requirement.
  • PennyMac review

Best FHA lenders for borrowers with nontraditional credit histories

If you have a low credit score, no credit history or other issues with your finances, don’t give up hope. These lenders may have a program to help you.

naf logo-270x55 (1) 4.5-stars
  • Uses manual underwriting to evaluate borrowers, which allows more flexibility to approve loans.
  • Offers a broad range of loans, including FHA, fixed-rate, ARMs and refinancing; minimum score 580.
  • Offers multiple down payment assistance and grant programs.
  • New American Funding review
  • Considers nontraditional credit history items such as rent payments.
  • Easy-to-navigate website with plenty of explanatory articles and videos.
  • Offers a comprehensive range of loans: fixed rate, ARMs, jumbo, conventional and HELOC.
  • PNC Mortgage review

Best FHA lenders for first-time homebuyers

If you’re a homebuyer getting your first mortgage, these lenders offer a variety of loans and programs designed to help the first-time homebuyer.

citimortgage 4.0-stars
  • Offers full line of purchase mortgages, including FHA and VA loans.
  • Has low down payment options that don’t require private mortgage insurance.
  • Available in all 50 states.
  • CitiMortgage review
flagstar_logo-55x270 4.5-stars
  • Offers a full menu of fixed and adjustable home loans and refinancing.
  • Finds state bond programs for first-time homebuyers and income-limited households.
  • Embraces FHA-backed home loans.
  • Flagstar Bank review

Best FHA lenders if you have a low down payment

The down payment is often the biggest hurdle for homebuyers, and FHA loans are designed to help with that. These lenders offer solid low-down-payment programs for FHA and other loans.

navy_federal_credit_union_logo-55x270 4.0-stars
  • Operates in all 50 states, prioritizes FHA loans.
  • Offers $1,000 mortgage rate match program.
  • Offers a wide range of mortgage products, including many adjustable-rate products tailored for mobile military members.
  • Navy Federal Mortgage review
BOA-logo 4.0-stars
  • Offers a wide variety of loan products, including FHA mortgages
  • Targets cash-strapped buyers by offering its own low-down-payment mortgage
  • Online mortgage portal allows customers to stay plugged in throughout the lending process
  • Bank of America Mortgage review

 

Best lenders for FHA loans: summary

Best lenders for FHA loans: review

Lender
Best
for
Highlights
Key loan types
Minimum credit score*
Get started
Quicken Loans
Quicken Loans
FHA refinance
Largest FHA lender
Fixed and ARM;
Jumbo, FHA, VA
580 (FHA)
Guaranteed Rate
guaranteed-rate-270
FHA refinance
Online application process with document uploads and digital signature
Fixed and ARM;
FHA, USDA, VA
580 (FHA)
PennyMac
pennymac-55x270
Online FHA mortgage experience
Convenient online loan support, including electronic document submissions
Fixed and ARM;
FHA, VA, USDA
580 (FHA)
Rocket Mortgage
Rocket Mortgage
Online FHA mortgage experience
Largest online mortgage lender, with fully automated process
Fixed and ARM;
FHA, VA
580 (FHA)
New American Funding
naf logo-270x55 (1)
FHA for nontraditional credit histories
Flexibility in mortgage underwriting process, down payment assistance programs
Fixed and ARM;
FHA, VA, USDA
580 (FHA)
PNC Mortgage
FHA for nontraditional credit histories
Use of nontraditional credit history items such as rent payments
Fixed and ARM;
FHA, jumbo
620
CitiMortgage
citimortgage
FHA for first-time homebuyers
Programs for first-time homebuyers, no PMI options
Fixed and ARM;
FHA, VA
Varies by loan type
Flagstar
flagstar_logo-55x270
FHA for first-time homebuyers
Matching to programs for first-time homebuyers and income-limited households
Fixed and ARM;
FHA, USDA, VA
620
Navy Federal
navy_federal_credit_union_logo-55x270
FHA with low down payment
Prioritizes FHA loans, offers $1,000 mortgage rate match program
Fixed and ARM;
FHA, VA
No minimum
Bank of America
Bank-Of-America-Logo
FHA with low down payment
Targets cash-strapped buyers by offering its own low-down-payment mortgage
Fixed and ARM;
FHA, VA
600 (FHA)

More from NerdWallet
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Review FHA loan requirements

* Minimum credit score on top loans; other loan types or factors may selectively influence minimum credit score standards

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.