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Best Online Mortgage Lenders of 2018

Finding the Right Mortgage, Mortgages
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from our 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. We’ve picked at least two lenders in several "best of" categories to help you find a lender that meets your needs.

Going online to look for a mortgage or a refinance is routine these days. That’s because companies — both new online mortgage lenders and traditional players — are doing more on the web.

The new online mortgage model offers convenience and automation. It can even save you money. And hey, if you want to see a friendly face before you close a deal, you can often do that, too.

Remember, you should still get preapproved before you house shop, get at least three quotes before you choose a mortgage and evaluate how much home you can afford before you take the plunge.

» MORE: Monitor your credit score

To help you choose an online mortgage lender, NerdWallet has picked some of the best out there in a variety of categories to help you get the home loan with the best mortgage rate, term and fees.

NerdWallet’s best online mortgage lenders

 

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at SoFi

National / regional

Regional

Min. down payment

10%

Why we like it

Ideal for those who want to refinance online. In one sitting, SoFi gives you an upfront, underwritten loan approval, showing potential sellers that you’ve been vetted as a trustworthy and highly qualified buyer with the financial ability to purchase a home.


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at Lenda

Min. credit score

620

Min. down payment

5%

Why we like it

Ideal for home buyers and refinancers who want to apply online for loans in its eight-state lending footprint. The robust online lending platform gives borrowers 24/7 access to the loan's progress.


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at Rocket Mortgage

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for an online application experience. Rocket Mortgage provides a high-tech mortgage loan process with on-demand mortgage advisors when you need help.


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at Quicken Loans

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for access to mortgage advisors online. Quicken Loans' mortgage loan process is an apply-wherever-you-are experience. It's easy and intuitive. And there's human help available with a tap.


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at Better Mortgage

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for those who appreciate simplicity. Better Mortgage's online loan application is a “dynamic Q&A” process that adjusts with the information you provide, asking for additional info relevant to your particular situation. It feels a lot like using TurboTax to file your taxes.


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at Guaranteed Rate

Min. credit score

620

Min. down payment

5%

Why we like it

Ideal for home buyers and refinancers who would prefer to apply online. Guaranteed Rate takes pride in its low loan-default rate, which comes from carefully qualifying borrowers.


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at SunTrust

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers who need a comprehensive online lending platform in English or in Spanish. The online portal aims to improve speed and transparency.


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at PennyMac

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers who like flexibility. PennyMac combines online loan support and electronic documentation submission with a loan officer you can speak with over the phone.


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at Network Capital

Min. Credit Score

600

Min. down payment

5%

Why we like it

Ideal for borrowers who want to avoid lender fees. Small and determined, Network Capital is licensed in 31 states with offices in three states. It offers no lender fees and will help with gathering application documents.


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at PNC Mortgage

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers seeking a traditional lender with advanced online capabilities. PNC allows users to apply for a loan by phone, in person or online.


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at Bank of America

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for those who are always on the go. Bank of America's robust website and mobile app helps borrowers get qualified and navigate the mortgage lending process entirely online.


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Best online mortgage lenders: summary

More from NerdWallet
Mortgage calculator
Compare online mortgage refinance lenders
Compare mortgage rates

Best online mortgage lenders: review

Lender
Best
for
Highlights
Minimum credit score*
Learn more
SoFi
sofi-logo
Online refinancing
Online application and tracking, with no lender-imposed fees
N/A
Lenda
lenda_logo
Online refinancing
Automated suggestion engine to lower rates, with no lender fees
620
Rocket Mortgage
Overall online
Simple and fast online application and tracking, with automated data retrieval
620
Quicken Loans
Online for first-time homebuyers
Online application with low down payments
620
Better
bettermortgage
Online with customer service
Ideal for those who appreciate simplicity
620
Guaranteed Rate
guaranteedrate_logo_transparent
Overall online
Simple and fast online application, with secure uploads
620
SunTrust
SunTrust Private Student Loan Review
Online for first-time homebuyers
Streamlined application with FHA-backed loans
620
PennyMac
pennymac-55x270
Online with customer service
Convenient online loan support, including electronic document submissions
No minimum
Network Capital
network-capital-logo-55x270
Online from traditional lender
Comprehensive online customer support
600
PNC Mortgage
Online from traditional lender
Easy-to-navigate website, efficient online loan tracking
620
Bank of America
Bank-Of-America-Logo
Online from traditional lender
Full suite of online and mobile tools
620

* 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.