MORTGAGE
WINNERS for 2021

First-time home buyer? Looking to refinance to get some more breathing room? Need an FHA or VA loan? If your goals involve home, our list of winners — some of which are our partners — can help you tackle your mortgage goals. While many of the winners are our partners, this didn't influence our decisions or opinions. Our opinions are our own.
Best-Of Awards > Mortgages

Best Mortgage Lender for Refinancing (TIE)

Min. Credit Score

620

National / regional

National

Pros

  • 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 to other lenders, according to the latest federal data.
  • Offers a HELOC that can be used for a primary, second or investment home.

Cons

  • Doesn't offer harder-to-find loans, such as construction loans, renovation loans, or USDA mortgages.
  • Finding descriptions of all of the loan offerings on the website requires some digging, and the lender does not have a mobile app.
  • Average lender fees are on the high end compared with other lenders, according to the latest federal data.
Read full review
Min. Credit Score

620

National / regional

National

Pros

  • 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 to other lenders, according to the latest federal data.
  • Offers a HELOC that can be used for a primary, second or investment home.

Cons

  • Doesn't offer harder-to-find loans, such as construction loans, renovation loans, or USDA mortgages.
  • Finding descriptions of all of the loan offerings on the website requires some digging, and the lender does not have a mobile app.
  • Average lender fees are on the high end compared with other lenders, according to the latest federal data.
Read full review

Why this LENDER made the list

Better.com makes it easy to compare customized rates for all loan products and offers a fully digital refinance process, all without charging origination fees.

Read our methodology

Best Mortgage Lender for Refinancing (TIE)

Guaranteed Rate

at Guaranteed Rate

Min. Credit Score

620

National / regional

National

Pros

  • 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.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
Read full review
Min. Credit Score

620

National / regional

National

Pros

  • 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.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
Read full review

Why this LENDER made the list

Guaranteed Rate delivers customized refinance rates in seconds and a fully digital application process via its website, while charging low origination fees.

Read our methodology

Best Mortgage Lender for Online Loans (TIE)

Guaranteed Rate

at Guaranteed Rate

Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
Read full review

Why this LENDER made the list

Guaranteed Rate offers multiple digital conveniences, including instant rate quotes and online preapproval, and its fees are highly competitive.

Read our methodology

BEST MORTGAGE LENDER FOR ONLINE LOANS (TIE)

Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • Home loans business is broadly focused on bank customers.
  • Doesn’t offer home improvement loans, or home equity loans or lines of credit.
  • Scandals and government actions have damaged consumer trust in recent years.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • Home loans business is broadly focused on bank customers.
  • Doesn’t offer home improvement loans, or home equity loans or lines of credit.
  • Scandals and government actions have damaged consumer trust in recent years.
Read full review

Why this LENDER made the list

Wells Fargo offers a slew of loan options, has an online mortgage application process, publishes easy-to-shop rates and charges competitive fees.

Read our methodology

Best Mortgage Lender for First-Time Home Buyers (TIE)

Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers two proprietary loans with low down payment requirements.
  • Provides customizable sample rates.
  • Receives high marks for customer satisfaction, according to JD Power and Zillow.

Cons

  • Borrowers must apply for prequalification before accessing a full online application.
  • Origination fees are higher than average, according to the latest federal data.
  • Borrowers may be frustrated with the lender’s website experience.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers two proprietary loans with low down payment requirements.
  • Provides customizable sample rates.
  • Receives high marks for customer satisfaction, according to JD Power and Zillow.

Cons

  • Borrowers must apply for prequalification before accessing a full online application.
  • Origination fees are higher than average, according to the latest federal data.
  • Borrowers may be frustrated with the lender’s website experience.
Read full review

Why this LENDER made the list

Chase offers first-time buyers a variety of low-down-payment loans with competitive fees, and participates in community-specific housing assistance programs.

Read our methodology

Best Mortgage Lender First-Time Home Buyers (TIE)

Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • NASB has limited the scale of its conventional and government loan lending.
  • Branch locations are limited to the greater Kansas City, Missouri area.
  • Does not offer home equity products, renovation loans or construction loans.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • NASB has limited the scale of its conventional and government loan lending.
  • Branch locations are limited to the greater Kansas City, Missouri area.
  • Does not offer home equity products, renovation loans or construction loans.
Read full review

Why this LENDER made the list

NASB offers multiple loans for first-time home buyers who might need flexible down payment or credit score requirements, and charges competitive fees.

Read our methodology

Best Mortgage Lender for Jumbo Loans (TIE)

National / regional

National

Min. down payment

15%

Pros

  • Offers two proprietary loans with low down payment requirements.
  • Provides customizable sample rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Borrowers must apply for prequalification before accessing a full online application.
  • Origination fees are higher than average, according to the latest federal data.
  • Borrowers may be frustrated with the lender’s website experience.
Read full review
National / regional

National

Min. down payment

15%

Pros

  • Offers two proprietary loans with low down payment requirements.
  • Provides customizable sample rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Borrowers must apply for prequalification before accessing a full online application.
  • Origination fees are higher than average, according to the latest federal data.
  • Borrowers may be frustrated with the lender’s website experience.
Read full review

Why this LENDER made the list

Chase originates a significant volume of jumbo loans, offers jumbo loans for various property types and charges low origination fees.

Read our methodology

Best Mortgage Lender for Jumbo Loans (TIE)

Min. Credit Score

700

Min. down payment

10%

Pros

  • Multiple loans for those who are renovating or building a home, including loans with interest-only payments during construction.
  • Interest rates are on the low side relative to other lenders, according to the latest federal data.
  • Borrowers can receive a customized rate quote on the website.

Cons

  • Home equity loans aren't available in all locations served by Flagstar.
  • In 2022, the lender was fined for violating laws regarding properties in flood zones.
Read full review
Min. Credit Score

700

Min. down payment

10%

Pros

  • Multiple loans for those who are renovating or building a home, including loans with interest-only payments during construction.
  • Interest rates are on the low side relative to other lenders, according to the latest federal data.
  • Borrowers can receive a customized rate quote on the website.

Cons

  • Home equity loans aren't available in all locations served by Flagstar.
  • In 2022, the lender was fined for violating laws regarding properties in flood zones.
Read full review

Why this LENDER made the list

Flagstar allows down payments under 20% on jumbos, offers conveniences like an online application and document uploads and has competitive origination fees.

Read our methodology

Best Mortgage Lender Overall

Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • NASB has limited the scale of its conventional and government loan lending.
  • Branch locations are limited to the greater Kansas City, Missouri area.
  • Does not offer home equity products, renovation loans or construction loans.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • 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.

Cons

  • NASB has limited the scale of its conventional and government loan lending.
  • Branch locations are limited to the greater Kansas City, Missouri area.
  • Does not offer home equity products, renovation loans or construction loans.
Read full review

Why this LENDER made the list

NASB offers a wide variety of loan types — including harder-to-find options — a fully digital loan application with preapproval and competitive rates and fees.

Read our methodology

Best Mortgage Lender for VA Loans (TIE)

Min. Credit Score

580

Min. down payment

0%

Pros

  • Devotes much of its business to serving military families with VA loans.
  • Offers a mortgage tailored to self-employed borrowers.
  • Offers low rates and fees compared with other lenders, according to the latest federal data.

Cons

  • Doesn’t offer home improvement mortgages.
  • Doesn't offer home equity loans or lines of credit.
Read full review
Min. Credit Score

580

Min. down payment

0%

Pros

  • Devotes much of its business to serving military families with VA loans.
  • Offers a mortgage tailored to self-employed borrowers.
  • Offers low rates and fees compared with other lenders, according to the latest federal data.

Cons

  • Doesn’t offer home improvement mortgages.
  • Doesn't offer home equity loans or lines of credit.
Read full review

Why this LENDER made the list

NASB originates a significant volume of VA loans, charges low fees and offers online conveniences like a digital application and document uploads.

Read our methodology

BEST MORTGAGE LENDER FOR VA LOANS (TIE)

National / regional

National

Min. down payment

0%

Pros

  • Offers a wide range of affordable mortgage products, including 0% down payment loans, designed for military members.
  • Offers HELOCs and home equity loans.
  • Offers low rates compared with most lenders, according to the latest federal data.

Cons

  • Website does not provide customized mortgage rates based on credit score or other factors before you apply.
  • Credit union membership is limited to veterans and current military members, their families, and certain federal employees, retirees and contractors.
Read full review
National / regional

National

Min. down payment

0%

Pros

  • Offers a wide range of affordable mortgage products, including 0% down payment loans, designed for military members.
  • Offers HELOCs and home equity loans.
  • Offers low rates compared with most lenders, according to the latest federal data.

Cons

  • Website does not provide customized mortgage rates based on credit score or other factors before you apply.
  • Credit union membership is limited to veterans and current military members, their families, and certain federal employees, retirees and contractors.
Read full review

Why this LENDER made the list

Navy Federal originates a high volume of VA loans, offers veterans a variety of VA purchase and refi loans and charges low origination fees

Read our methodology

Best Mortgage Lender for FHA Loans (TIE)

Min. Credit Score

580

Min. down payment

3.5%

Pros

  • Full online application includes document uploads and automated loan updates.
  • Offers a "float-down" interest rate lock.
  • Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans.

Cons

  • No online mortgage rates — you have to contact the lender for info.
Read full review
Min. Credit Score

580

Min. down payment

3.5%

Pros

  • Full online application includes document uploads and automated loan updates.
  • Offers a "float-down" interest rate lock.
  • Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans.

Cons

  • No online mortgage rates — you have to contact the lender for info.
Read full review

Why this LENDER made the list

PrimeLending offers a variety of FHA loans for purchase and refinance, including 203k renovation loans, and has a full online application process.

Read our methodology

Best Mortgage Lender for FHA Loans (TIE)

Min. Credit Score

N/A

Min. down payment

3.5%

Pros

  • Offers an ITIN qualification path for borrowers ineligible for Social Security numbers.
  • Has a digital application process.
  • Offers government-backed mortgage options for low- to moderate-income borrowers.

Cons

  • No mortgage rates published online.
  • No home equity loans or lines of credit.
  • Generally has higher rates and fees than other lenders.
  • Branch offices not available in all states.
Read full review
Min. Credit Score

N/A

Min. down payment

3.5%

Pros

  • Offers an ITIN qualification path for borrowers ineligible for Social Security numbers.
  • Has a digital application process.
  • Offers government-backed mortgage options for low- to moderate-income borrowers.

Cons

  • No mortgage rates published online.
  • No home equity loans or lines of credit.
  • Generally has higher rates and fees than other lenders.
  • Branch offices not available in all states.
Read full review

Why this LENDER made the list

Alterra originates a high volume of FHA loans and has a wide variety of options. It offers flexible credit and income requirements, and a digital application.

Read our methodology

Best Mortgage Lender for Home Equity Lines of Credit

National / regional

National

Min. Credit Score

640

Pros

  • Offers both traditional and interest-only HELOCs.
  • Displays sample rates for its entire array of loan products, and you don't need to provide personal information to get a custom rate quote.

Cons

  • Lacks document upload and online loan tracking capabilities.
Read full review
National / regional

National

Min. Credit Score

640

Pros

  • Offers both traditional and interest-only HELOCs.
  • Displays sample rates for its entire array of loan products, and you don't need to provide personal information to get a custom rate quote.

Cons

  • Lacks document upload and online loan tracking capabilities.
Read full review

Why this LENDER made the list

Connexus offers multiple HELOC options with no prepayment penalties, offers discounts for existing customers and charges low origination fees.

Read our methodology
Disclaimer
NMLS Consumer Access: NerdWallet Compare, Inc. NMLS ID# 1617539

Frequently Asked Questions

See the latest rates.

Easily compare today's mortgage rates and find the right one for you with our personalized mortgage tool.