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Best FHFC Mortgage Lenders of 2018

Aug. 20, 2018
Finding the Right Mortgage, Mortgages
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.
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.

Through its mortgage and assistance programs, the Florida Housing Finance Corporation, or FHFC, makes homeownership affordable for many first-time buyers.

You’ll need to work with an FHFC-approved lender to make sure you’re eligible and apply for a loan, but selecting a Florida mortgage provider from so many options can be hard.

To narrow your search, NerdWallet compared many of FHFC’s participating lenders, identifying the best ones for a variety of needs.

» MORE: Explore FHFC loan programs, lenders, rates and income limits

Best FHFC mortgage lenders for borrowers with no credit history

These lenders will consider nontraditional credit data, like rent, insurance and utility payments, to bolster your mortgage application.

4.0 NerdWallet rating
  • Apply by phone, in person or online.
  • Get a custom rate estimate without entering personal information.
  • The Community Homeownership Incentive Program accepts borrowers with nontraditional credit histories.
  • BB&T review
3.5 NerdWallet rating
  • HomeRun loan program accepts nontraditional credit.
  • Apply online without creating an account.
  • New and existing Citi customers may receive discounted interest rates or closing costs.
  • CitiMortgage review

Best FHFC mortgage lenders for an online experience

If you’d rather click than make a phone call, these lenders have the digital tools that make it easy to apply for a mortgage.

4.5 NerdWallet rating
  • Full online application and mobile app.
  • Customized rates available without entering personal information.
  • Offers FHA and VA loans.
  • Has a history of strong customer service, according to company data.
  • Guaranteed Rate review
Guild Mortgage
3.5 NerdWallet rating
  • Full online application and mobile app.
  • Offers FHA, VA and USDA loans.
  • Uses alternative credit data, such as utility bills and rental payment histories, to help you get approved.
  • Guild Mortgage review

Best FHFC mortgage lenders for veterans

Helping veterans buy their first home takes special expertise. These lenders have it.

4.0 NerdWallet rating
  • Full online application and mobile app.
  • Offers FHA, USDA, VA and renovation loans.
  • In-depth FAQs and a mortgage glossary on website for first-time buyers.
  • Fairway Independent Mortgage review
4.5 NerdWallet rating
  • One of the largest VA lenders in the nation.
  • VA loan specialists on staff.
  • Offers VA cash-out and IRRRL refinance loans.
  • LoanDepot review

Best FHFC mortgage lenders for Latino and Spanish-speaking borrowers

These lenders have resources to meet the unique needs of Latino borrowers. If English isn’t your first language, they’ll make sure nothing gets lost in translation.

4.0 NerdWallet rating
  • Employs hundreds of bilingual loan officers.
  • Offers home loans for undocumented buyers.
  • Lends to borrowers with seasonal or part-time jobs, as well as multigenerational households.
  • Alterra Home Loans review
suntrust mortgage
4.0 NerdWallet rating
  • Offers a full Spanish version of its website.
  • Full online application with the possibility of same-day preapproval.
  • Customer service available in its local branches, online, via chat and by phone.
  • SunTrust mortgage review

Best FHFC mortgage lenders for medical professionals

If you help people stay healthy for a living, these lenders can help you with a home loan.

4.0 NerdWallet rating
  • “Doctor loan” lets medical professionals borrow amounts up to $1 million with only 5% down.
  • Student loan debt may be excluded from application.
  • Fixed- and adjustable-rate loan options.
  • Bank of America mortgage review
3.0 NerdWallet rating
  • In-house “doctor loan” allows a high loan limit and a low down payment and may omit student loan debt.
  • Offers jumbo and renovation loans.
  • Electronic document exchange.
  • Stearns Lending review

Best FHFC mortgage lenders: summary

BB&T Home Mortgage: Borrowers with no credit history

CitiMortgage: Borrowers with no credit history

Guaranteed Rate: Online experience

Guild Mortgage: Online experience

Fairway Independent Mortgage: Veterans

LoanDepot: Veterans

Alterra Home Loans: Latino borrowers

SunTrust Mortgage: Latino borrowers

Stearns Lending: Medical professionals

Bank of America: Medical professionals

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.