2020's Mortgage
Lender Winners

Whether you're a first-time home buyer or an owner looking to refinance, 2020's best mortgage lenders – some of which are our partners – can help you make the right money move.
Best-Of Awards > Mortgages

Best Mortgage Lender for Refinancing (tie)

Better

at Better

Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers a program allowing qualifying buyers to make cash offers.
  • Makes it easy to see customized mortgage rates.
  • Average interest rates are on the low end compared to other lenders, according to the latest federal data.

Cons

  • Doesn’t offer USDA loans.
  • VA loans are not available in every state.
  • Doesn't offer home equity loans.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers a program allowing qualifying buyers to make cash offers.
  • Makes it easy to see customized mortgage rates.
  • Average interest rates are on the low end compared to other lenders, according to the latest federal data.

Cons

  • Doesn’t offer USDA loans.
  • VA loans are not available in every state.
  • Doesn't offer home equity loans.
Read full review

Why this LENDER made the list

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

Read our methodology

Best Mortgage Lender for Refinancing (tie)

Min. Credit Score

620

Min. down payment

3%

Pros

  • Rates and fees have been lower than most lenders, according to the latest federal data.

Cons

  • It’s unclear if the lender is currently processing new loans.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Rates and fees have been lower than most lenders, according to the latest federal data.

Cons

  • It’s unclear if the lender is currently processing new loans.
Read full review

Why this LENDER made the list

LenderFi’s website makes it easy to see customized rates and apply for multiple refinance loan products, and it charges low origination fees.

Read our methodology

Best Mortgage Lender for Online Loans (tie)

NBKC

at NBKC

Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers government-backed loans and some harder-to-find products, such as construction loans and specialty mortgages for pilots.
  • Offers low rates and fees compared with other lenders, according to the latest federal data.
  • Displays customized rates, with fee estimates, without requiring contact information.

Cons

  • HELOCs and construction-to-permanent loans are available only in the Kansas City metro area.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers government-backed loans and some harder-to-find products, such as construction loans and specialty mortgages for pilots.
  • Offers low rates and fees compared with other lenders, according to the latest federal data.
  • Displays customized rates, with fee estimates, without requiring contact information.

Cons

  • HELOCs and construction-to-permanent loans are available only in the Kansas City metro area.
Read full review

Why this LENDER made the list

NBKC Bank combines online preapproval with access to real loan officers, provides customized rate quotes instantly on its website and charges low fees.

Read our methodology

Best Mortgage Lender for Online Loans (tie)

Min. Credit Score

660

Min. down payment

5%

National / regional

National

Pros

  • Offers down payment and closing cost assistance programs.
  • May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Doesn't offer renovation loans that roll costs into a mortgage.
Read full review
Min. Credit Score

660

Min. down payment

5%

National / regional

National

Pros

  • Offers down payment and closing cost assistance programs.
  • May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Doesn't offer renovation loans that roll costs into a mortgage.
Read full review

Why this LENDER made the list

Bank of America offers robust digital tools, online preapproval, customized rate quotes and personal assistance via online appointment scheduling.

Read our methodology

Best Mortgage Lender for Jumbo Loans (tie)

Min. Credit Score

620

Min. down payment

3%

Pros

  • Posts current mortgage rates on its website.
  • Has an online application for mortgage preapproval and a digital tool to track application progress.
  • Offers several affordable loan options, including FHA, VA, USDA and the PNC Community Loan.

Cons

  • Doesn't offer renovation mortgages.
  • In-person service is not available in every state.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Posts current mortgage rates on its website.
  • Has an online application for mortgage preapproval and a digital tool to track application progress.
  • Offers several affordable loan options, including FHA, VA, USDA and the PNC Community Loan.

Cons

  • Doesn't offer renovation mortgages.
  • In-person service is not available in every state.
Read full review

Why this LENDER made the list

PNC offers jumbo financing for a variety of property types, engages in asset-based financing for qualified borrowers and charges low origination fees.

Read our methodology

Best Mortgage Lender for Jumbo Loans (tie)

National / regional

National

Min. down payment

3%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates compared with other lenders, according to the latest data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Requires help from a loan officer to complete an online mortgage application.
  • Customized mortgage rates not available without making contact.
  • Doesn’t offer renovation loans.
Read full review
National / regional

National

Min. down payment

3%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates compared with other lenders, according to the latest data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Requires help from a loan officer to complete an online mortgage application.
  • Customized mortgage rates not available without making contact.
  • Doesn’t offer renovation loans.
Read full review

Why this LENDER made the list

Citibank originates a high volume of jumbo loans, allows down payments under 20%, has strong online capabilities and charges low origination fees.

Read our methodology

Best Mortgage Lender for VA Loans (tie)

Min. Credit Score

620

Min. down payment

0%

Pros

  • Offers 24/7 customer service over the phone.
  • Offers a free credit counseling service.
  • Mortgage rates are on the low side, according to the latest federal data.

Cons

  • Doesn’t offer home equity loans or HELOCs.
  • Veterans United has physical branch offices in only 17 states.
  • Focus on VA loans, so may not be the strongest choice for those seeking other loan types.
Read full review
Min. Credit Score

620

Min. down payment

0%

Pros

  • Offers 24/7 customer service over the phone.
  • Offers a free credit counseling service.
  • Mortgage rates are on the low side, according to the latest federal data.

Cons

  • Doesn’t offer home equity loans or HELOCs.
  • Veterans United has physical branch offices in only 17 states.
  • Focus on VA loans, so may not be the strongest choice for those seeking other loan types.
Read full review

Why this LENDER made the list

Veterans United truly focuses on veterans: VA loans make up nearly 100% of its mortgage business. It also offers a digital application process and low fees.

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 Credit Union originates a high volume of VA loans and offers a variety of loan options and services tailored to veterans.

Read our methodology

Best Mortgage Lender for Home Equity Lines of Credit

National / regional

National

Min. down payment

3%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates compared with other lenders, according to the latest data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Requires help from a loan officer to complete an online mortgage application.
  • Customized mortgage rates not available without making contact.
  • Doesn’t offer renovation loans.
Read full review
National / regional

National

Min. down payment

3%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates compared with other lenders, according to the latest data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Requires help from a loan officer to complete an online mortgage application.
  • Customized mortgage rates not available without making contact.
  • Doesn’t offer renovation loans.
Read full review

Why this LENDER made the list

Citibank provides a diverse set of home equity products, offers discounts to existing customers and charges low origination fees.

Read our methodology

Best Mortgage Lender for FHA Loans

Fairway Independent Mortgage

at Fairway Independent Mortgage

Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Mortgage rates for different types of loans aren't posted online.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Mortgage rates for different types of loans aren't posted online.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.
Read full review

Why this LENDER made the list

Fairway originates a high volume of FHA loans, has strong online capabilities and flexible credit requirements, and its fees are often lower than the competition's.

Read our methodology

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

Min. Credit Score

660

Min. down payment

5%

National / regional

National

Pros

  • Offers down payment and closing cost assistance programs.
  • May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Doesn't offer renovation loans that roll costs into a mortgage.
Read full review
Min. Credit Score

660

Min. down payment

5%

National / regional

National

Pros

  • Offers down payment and closing cost assistance programs.
  • May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Doesn't offer renovation loans that roll costs into a mortgage.
Read full review

Why this LENDER made the list

Bank of America combines the low fees and online convenience first-time home buyers want with the loan programs and assistance options they often need.

Read our methodology

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

National / regional

National

Min. down payment

3%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates compared with other lenders, according to the latest data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Requires help from a loan officer to complete an online mortgage application.
  • Customized mortgage rates not available without making contact.
  • Doesn’t offer renovation loans.
Read full review
National / regional

National

Min. down payment

3%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates compared with other lenders, according to the latest data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

  • Requires help from a loan officer to complete an online mortgage application.
  • Customized mortgage rates not available without making contact.
  • Doesn’t offer renovation loans.
Read full review

Why this LENDER made the list

Citibank offers online tools, a variety of low-down-payment loan options and the affordable fees first-time home buyers are looking for.

Read our methodology

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