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Best Mortgage Lenders with No Origination Fee of 2019

April 23, 2019
Finding the Right Mortgage, Mortgages
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.
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.

It’s a real challenge to find a lender that doesn’t charge an origination fee. And when it comes to the closing costs you’ll face when signing the paperwork for your loan, the mortgage origination fee can be a significant one. It’s often 1% of your total loan amount or more.

NerdWallet constantly surveys mortgage providers about their origination fees and any other lender charges that will be included in your overall closing costs.

Here are our choices for highly rated lenders in different borrower categories that don’t levy a loan origination fee.

NerdWallet tip: Even lenders that offer loans with no origination fee may not automatically present them — you may have to ask for loan terms that exclude a mortgage origination fee.

Our picks for online lenders with no origination fee

If online convenience is important to you, these lenders are among the best — and don’t charge lender fees.

Learn more

at Better.com

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for tech-savvy borrowers that prefer an online experience. Better.com provides a seamless and easy-to-navigate application process. And best yet: Better.com charges no origination fee.

 

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at Reali Loans

Min. credit score

620

Min. down payment

5%

Why we like it

Ideal for tech-savvy home buyers and refinancers in its multi-state lending territory. Reali Loans has an automated lending platform that offers round-the-clock access to application and loan-management tools.

Our picks for lenders with no origination fee on purchase loans

These lenders cater to home buyers and are good for first-timers and repeat owners alike.

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at Network Capital

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for cost-conscious borrowers looking for a lender with no origination fees and online convenience with mortgage banker assistance.

 

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at AmeriSave

Min. credit score

600

Min. down payment

3%

Why we like it

Ideal for borrowers looking for a large selection of mortgages, including government loans — and the flexibility of a loan closing in your home.

Our picks for VA lenders with no origination fee

These lenders offer the powerful combination of VA no-down-payment loans without an origination fee.

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at NASB

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for active military members and veterans as well as for borrowers with less-than-perfect credit or nontraditional income sources.

 

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at PrimeLending

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers looking for help with closing costs: PrimeLending's proprietary program, NeighborhoodEdge, helps qualified low- to moderate-income borrowers with up to $2,000 in closing cost credits (certain restrictions are based on income and location).

 

Best mortgage lenders with no origination fee: summary

More from NerdWallet

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.