This year’s best
Our Nerds scrutinized rates and fees, variety of loans, ease of application, and more to find the best mortgages of 2022. While some winners may be partners, this didn't influence our decisions or opinions.
Best Mortgage Lender Overall
Min. Credit Score
620
Min. down payment
3%
Pros
- Has a full suite of online capabilities, including application, document uploading and process updates.
- Site displays many combinations of loans and interest rates.
- Rates and fees are lower than most lenders, according to the latest data.
Cons
- Home equity loans and lines of credit, as well as purchase-renovation loans, aren't options.
- VA loans are currently unavailable.
Pros
- Has a full suite of online capabilities, including application, document uploading and process updates.
- Site displays many combinations of loans and interest rates.
- Rates and fees are lower than most lenders, according to the latest data.
Cons
- Home equity loans and lines of credit, as well as purchase-renovation loans, aren't options.
- VA loans are currently unavailable.
Min. Credit Score
620
Min. down payment
3%
Pros
- Has a full suite of online capabilities, including application, document uploading and process updates.
- Site displays many combinations of loans and interest rates.
- Rates and fees are lower than most lenders, according to the latest data.
Cons
- Home equity loans and lines of credit, as well as purchase-renovation loans, aren't options.
- VA loans are currently unavailable.
Pros
- Has a full suite of online capabilities, including application, document uploading and process updates.
- Site displays many combinations of loans and interest rates.
- Rates and fees are lower than most lenders, according to the latest data.
Cons
- Home equity loans and lines of credit, as well as purchase-renovation loans, aren't options.
- VA loans are currently unavailable.
Min. Credit Score
620
Min. down payment
3%
Pros
- Has a full suite of online capabilities, including application, document uploading and process updates.
- Site displays many combinations of loans and interest rates.
- Rates and fees are lower than most lenders, according to the latest data.
Cons
- Home equity loans and lines of credit, as well as purchase-renovation loans, aren't options.
- VA loans are currently unavailable.
Pros
- Has a full suite of online capabilities, including application, document uploading and process updates.
- Site displays many combinations of loans and interest rates.
- Rates and fees are lower than most lenders, according to the latest data.
Cons
- Home equity loans and lines of credit, as well as purchase-renovation loans, aren't options.
- VA loans are currently unavailable.
Why this lender made the list
LenderFi makes it easy to compare rates and loan options and apply online. It also charges unusually low rates and fees.
Read our methodologyBest Mortgage Lender for First-Time Home Buyers
at NASB
at NASB
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
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 low fees.
Read our methodologyBest Mortgage Lender for Refinancing
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers a wide range of loan types and products, including FHA, VA and USDA.
- Has a full suite of online conveniences.
- Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
- Home equity lending is geographically limited.
Pros
- Offers a wide range of loan types and products, including FHA, VA and USDA.
- Has a full suite of online conveniences.
- Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
- Home equity lending is geographically limited.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers a wide range of loan types and products, including FHA, VA and USDA.
- Has a full suite of online conveniences.
- Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
- Home equity lending is geographically limited.
Pros
- Offers a wide range of loan types and products, including FHA, VA and USDA.
- Has a full suite of online conveniences.
- Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
- Home equity lending is geographically limited.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers a wide range of loan types and products, including FHA, VA and USDA.
- Has a full suite of online conveniences.
- Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
- Home equity lending is geographically limited.
Pros
- Offers a wide range of loan types and products, including FHA, VA and USDA.
- Has a full suite of online conveniences.
- Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
Cons
- Home equity lending is geographically limited.
Why this Lender made the list
Flagstar provides a wide menu of refinance options and a fully digital application process while charging competitive origination fees.
Read our methodologyBest Mortgage Lender for FHA Loans
at Pennymac
at Pennymac
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers a full range of online capabilities, including e-signatures and online loan process tracking.
- Displays custom rate quotes based on home value, down payment or equity, ZIP code and credit score range.
Cons
- Origination fees are on the higher end, according to the latest federal data.
- Doesn't offer jumbo mortgages or home equity lines of credit.
Pros
- Offers a full range of online capabilities, including e-signatures and online loan process tracking.
- Displays custom rate quotes based on home value, down payment or equity, ZIP code and credit score range.
Cons
- Origination fees are on the higher end, according to the latest federal data.
- Doesn't offer jumbo mortgages or home equity lines of credit.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers a full range of online capabilities, including e-signatures and online loan process tracking.
- Displays custom rate quotes based on home value, down payment or equity, ZIP code and credit score range.
Cons
- Origination fees are on the higher end, according to the latest federal data.
- Doesn't offer jumbo mortgages or home equity lines of credit.
Pros
- Offers a full range of online capabilities, including e-signatures and online loan process tracking.
- Displays custom rate quotes based on home value, down payment or equity, ZIP code and credit score range.
Cons
- Origination fees are on the higher end, according to the latest federal data.
- Doesn't offer jumbo mortgages or home equity lines of credit.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers a full range of online capabilities, including e-signatures and online loan process tracking.
- Displays custom rate quotes based on home value, down payment or equity, ZIP code and credit score range.
Cons
- Origination fees are on the higher end, according to the latest federal data.
- Doesn't offer jumbo mortgages or home equity lines of credit.
Pros
- Offers a full range of online capabilities, including e-signatures and online loan process tracking.
- Displays custom rate quotes based on home value, down payment or equity, ZIP code and credit score range.
Cons
- Origination fees are on the higher end, according to the latest federal data.
- Doesn't offer jumbo mortgages or home equity lines of credit.
Why this lender made the list
Pennymac offers multiple FHA loans for purchase and refinance with transparent rates, a fully digital loan application and low fees.
Read our methodologyBest Mortgage Lender for VA Loans
at NASB
at NASB
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Min. Credit Score
620
Min. down payment
3%
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Pros
- Offers competitive rates and origination fees.
- Considers nontraditional income sources, in some cases.
Cons
- Does not offer home improvement mortgages.
- Doesn't offer home equity loans and lines of credit.
Why this lender made the list
NASB originates a significant volume of VA loans, charges low fees and has a convenient digital application process.
Read our methodologyBest Mortgage Lender for Jumbo Loans
Min. Credit Score
620
Min. down payment
3%
Pros
- Provides numerous online conveniences, including loan application and process updates.
- Current rates clearly posted for various loan products.
- Offers a wide variety of loan types and products.
Cons
- Home equity loans and lines of credit suspended due to COVID-19 are still unavailable.
- Scandals and government actions have damaged consumer trust in recent years.
- No home improvement loans offered.
Pros
- Provides numerous online conveniences, including loan application and process updates.
- Current rates clearly posted for various loan products.
- Offers a wide variety of loan types and products.
Cons
- Home equity loans and lines of credit suspended due to COVID-19 are still unavailable.
- Scandals and government actions have damaged consumer trust in recent years.
- No home improvement loans offered.
Min. Credit Score
620
Min. down payment
3%
Pros
- Provides numerous online conveniences, including loan application and process updates.
- Current rates clearly posted for various loan products.
- Offers a wide variety of loan types and products.
Cons
- Home equity loans and lines of credit suspended due to COVID-19 are still unavailable.
- Scandals and government actions have damaged consumer trust in recent years.
- No home improvement loans offered.
Pros
- Provides numerous online conveniences, including loan application and process updates.
- Current rates clearly posted for various loan products.
- Offers a wide variety of loan types and products.
Cons
- Home equity loans and lines of credit suspended due to COVID-19 are still unavailable.
- Scandals and government actions have damaged consumer trust in recent years.
- No home improvement loans offered.
Min. Credit Score
620
Min. down payment
3%
Pros
- Provides numerous online conveniences, including loan application and process updates.
- Current rates clearly posted for various loan products.
- Offers a wide variety of loan types and products.
Cons
- Home equity loans and lines of credit suspended due to COVID-19 are still unavailable.
- Scandals and government actions have damaged consumer trust in recent years.
- No home improvement loans offered.
Pros
- Provides numerous online conveniences, including loan application and process updates.
- Current rates clearly posted for various loan products.
- Offers a wide variety of loan types and products.
Cons
- Home equity loans and lines of credit suspended due to COVID-19 are still unavailable.
- Scandals and government actions have damaged consumer trust in recent years.
- No home improvement loans offered.
Why this lender made the list
Wells Fargo offers jumbo loans for various property types. It allows down payments under 20% and charges competitive origination fees.
Read our methodologySee the latest rates
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