Mortgage Lender Reviews

Comparing mortgage lenders can help you save money on closing costs and find a better mortgage rate. Read our reviews to find the best lender for you.

Getting started with mortgage lenders

NerdWallet's top-rated mortgage lenders

Guaranteed Rate Mortgage Review 2024

5.0

NerdWallet rating 
  • Offers a one-day mortgage approval process.
  • Offers a generous selection of loans, including government-backed, interest-only, ITIN, jumbo and renovation loans.
  • Advertises a HELOC that can be funded in as few as five business days.

Flagstar Bank Mortgage Review 2024

5.0

NerdWallet rating 
  • Multiple loans for those who are renovating or building a home, including loans with interest-only payments during construction.
  • Offers home equity loans and lines of credit.
  • Offers down payment assistance and loans for underserved borrowers, including ITIN loans and loans with flexible qualifications in certain communities.

PNC Bank Mortgage Review 2024

5.0

NerdWallet rating 
  • Offers several low-down-payment loan options, including FHA, VA, USDA and the PNC Community Loan.
  • Mortgage rates are lower than the industry average, according to the latest federal data.
  • Jumbo loans available with 5% down payment.

NBKC Bank Mortgage Review 2024

4.5

NerdWallet rating 
  • Offers government-backed loans and some harder-to-find products, such as loans for self-employed borrowers and mortgages for pilots.
  • Efficient customer service over the phone or through online chat.
  • Displays customized rates, with fee estimates, without requiring contact information.

Better Mortgage Review 2024

4.5

NerdWallet rating 
  • Offers a one-day mortgage that lets eligible borrowers apply, lock in a rate and get a loan commitment within 24 hours.
  • Average interest rates are on the low end compared with other lenders, according to the latest federal data.
  • Offers a HELOC that can be used for a primary, second or investment home.

San Diego County Credit Union Mortgage Review 2024

4.0

NerdWallet rating 
  • Offers purchase, refinance and jumbo mortgages, plus loans for second homes and home equity products.
  • Provides customized rate and fee quotes without requiring contact information.
  • Interest rates are notably low, according to the latest federal data.

Truist Mortgage Review 2024

4.5

NerdWallet rating 
  • Offers a wide variety of loan options, including construction loans, programs for early career doctors, a wide variety of jumbo loans and home equity lines of credit.
  • Proprietary grant program can help borrowers afford down payment and closing costs.
  • Mortgage rates are lower than industry average, according to the latest federal data.

Bank of America Mortgage Review 2024

4.0

NerdWallet rating 
  • Offers down payment and closing cost assistance programs.
  • Existing customers who meet certain qualifications can receive a discount on mortgage lender origination fees and HELOC interest rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Pennymac Mortgage Review 2024

4.5

NerdWallet rating 
  • Rates are on the low side, according to the latest federal data.
  • An online tool makes it easy to customize a rate quote online, with no contact information required.
  • “Lock & Shop” lets you secure a rate for up to 90 days while you house-hunt, and switch to a lower one if rates drop while you shop.

NerdWallet rates lenders on a scale from 1 to 5 stars. See what goes into our ratings.

More top lenders by category

NASB Mortgage Review 2024

4.0

NerdWallet rating 
  • Sample mortgage rates are customizable.
  • Offers nontraditional mortgage products that may be difficult to find elsewhere, such as 1099 loans and bank statement loans for self-employed borrowers.

Wells Fargo Mortgage Review 2024

4.0

NerdWallet rating 
  • Sample rates clearly posted for various loan products.
  • Offers a wide variety of loan types and products, including options for borrowers who work for themselves and those without Social Security numbers.
  • Mortgage rates tend to be on the low side compared with other lenders, according to the latest federal data.

Flagstar Bank Mortgage Review 2024

5.0

NerdWallet rating 
  • Multiple loans for those who are renovating or building a home, including loans with interest-only payments during construction.
  • Offers home equity loans and lines of credit.
  • Offers down payment assistance and loans for underserved borrowers, including ITIN loans and loans with flexible qualifications in certain communities.

NBKC Bank Mortgage Review 2024

4.5

NerdWallet rating 
  • Offers government-backed loans and some harder-to-find products, such as loans for self-employed borrowers and mortgages for pilots.
  • Efficient customer service over the phone or through online chat.
  • Displays customized rates, with fee estimates, without requiring contact information.

PNC Bank Mortgage Review 2024

5.0

NerdWallet rating 
  • Offers several low-down-payment loan options, including FHA, VA, USDA and the PNC Community Loan.
  • Mortgage rates are lower than the industry average, according to the latest federal data.
  • Jumbo loans available with 5% down payment.

Truist Mortgage Review 2024

4.5

NerdWallet rating 
  • Offers a wide variety of loan options, including construction loans, programs for early career doctors, a wide variety of jumbo loans and home equity lines of credit.
  • Proprietary grant program can help borrowers afford down payment and closing costs.
  • Mortgage rates are lower than industry average, according to the latest federal data.

Read all NerdWallet's mortgage lender reviews

Navy Federal Credit Union Home Equity Loan Review 2024

5.0

NerdWallet rating 
  • Borrowers can access up to 100% of their equity, which is more than most lenders allow.
  • Flexible repayment terms: 5, 10, 15 or 20 years.
  • No closing costs or prepayment penalties.

Pennymac Home Equity Loan Review 2024

4.5

NerdWallet rating 
  • Homeowners can borrow up to 85% of the equity in their homes.
  • Repayment terms range from 10 to 30 years.
  • No penalty for early repayment.

Discover Home Equity Loan Review 2024

5.0

NerdWallet rating 
  • Offers 10-, 15-, 20- and 30-year terms.
  • No annual fees or closing costs.
  • Website features customizable sample rates.

Rocket Mortgage Home Equity Loan Review 2024

4.0

NerdWallet rating 
  • Homeowners can borrow up to 90% of home equity.
  • Home equity loans available for second homes.
  • No prepayment penalty.

Network Capital Home Equity Loan Review 2024

5.0

NerdWallet rating 
  • Homeowners can borrow up to 90% of their equity.
  • No appraisal requirement.
  • Repayment terms range from 10 to 30 years.

Andrews Federal Credit Union Mortgage Review 2024

5.0

NerdWallet rating 
  • Caters to first-time home buyers with incentives and education.
  • Provides extra support for military borrowers, including branches near bases in Germany, Belgium and the Netherlands.
  • Offers HELOCs and home equity loans at competitive interest rates.

OneUnited Bank Mortgage Review 2024

4.0

NerdWallet rating 
  • Website offers detailed, customizable mortgage interest rates.
  • A full mortgage application can be completed online.
  • Offers Community Land Trust loans, helping lower-income home buyers in costly areas.

Movement Mortgage Review 2024

3.0

NerdWallet rating 
  • Loans can be processed in as little as seven days, the lender says.
  • Offers renovation loans and home equity lines of credit.
  • Movement Boost program can help FHA borrowers with down payment and closing costs.

First Federal Bank Mortgage Review 2024

3.5

NerdWallet rating 
  • Offers government-backed loans and some harder-to-find products, such as jumbo loans for investment and multifamily properties.
  • Home renovation loans are available.
  • Offers home equity loans and lines of credit.

Citizens Bank HELOC Review 2024

4.0

NerdWallet rating 
  • No minimum draw.
  • No closing costs.
  • Borrowers can open and fund their line of credit in as little as two weeks.

PenFed HELOC Review 2024

4.0

NerdWallet rating 
  • Offers a fixed-rate option.
  • Customers can borrow up to 85% of their equity, which is slightly above average for HELOC lenders.
  • HELOCs are available on second homes.

PNC Bank HELOC Review 2024

5.0

NerdWallet rating 
  • Customizable sample rates available online.
  • Available for second homes in most states.
  • Offers a rate discount for autopay from a PNC checking account.

Navy Federal Credit Union HELOC Review 2024

4.5

NerdWallet rating 
  • Long draw period of 20 years.
  • High CLTV of 95%.
  • No origination or annual fee.

TD Bank HELOC Review 2024

5.0

NerdWallet rating 
  • Publishes sample HELOC rates online.
  • Offers a fixed-rate payment option.
  • Available for second homes and investment properties.

Figure HELOC Review 2024

4.5

NerdWallet rating 
  • Specializes in HELOCs.
  • The initial balance and any additional draws have a fixed interest rate.
  • Closing may be available in just five days.