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Best-of-the-Best Mortgage Lenders of 2019

Our nerds spent countless hours reviewing and comparing mortgage lenders — many of them are our partners — before selecting the winners. The factors they considered include the loan types available, online mortgage rate info, customer service and more.


badge Best Mortgage Lenders for Purchase Loans

Quicken Loans

at Quicken Loans

4.0

NerdWallet rating 

at Quicken Loans

Min. Credit Score

620

Min. down payment

3%

Pros

  • Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.
  • Estimates the loan amount you’ll qualify for within minutes.
  • Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.

Cons

  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity loans or lines of credit.
  • Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.
  • Estimates the loan amount you’ll qualify for within minutes.
  • Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.

Cons

  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity loans or lines of credit.
  • Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.
Read full review
New American Funding

at New American Funding

5.0

NerdWallet rating 

at New American Funding

Min. Credit Score

620

Min. down payment

3%

Pros

  • Uses manual underwriting to evaluate creditworthiness, in some cases.
  • Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

  • Mortgage origination fees tend to be on the high end, according to the latest federal data.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Uses manual underwriting to evaluate creditworthiness, in some cases.
  • Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

  • Mortgage origination fees tend to be on the high end, according to the latest federal data.
Read full review


badge Best Online Mortgage Lenders

Rocket Mortgage, LLC

at Rocket Mortgage, LLC

4.0

NerdWallet rating 

at Rocket Mortgage, LLC

Min. Credit Score

620

Min. down payment

3%

Pros

  • Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.
  • Estimates the loan amount you’ll qualify for within minutes.
  • Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.

Cons

  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity loans or lines of credit.
  • Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.
  • Estimates the loan amount you’ll qualify for within minutes.
  • Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.

Cons

  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity loans or lines of credit.
  • Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.
Read full review
Guaranteed Rate

at Guaranteed Rate

4.5

NerdWallet rating 

at Guaranteed Rate

Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers the ability to securely upload and digitally sign loan documents.
  • Displays detailed sample rates for many of its loan products.

Cons

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

620

Min. down payment

3%

Pros

  • Offers the ability to securely upload and digitally sign loan documents.
  • Displays detailed sample rates for many of its loan products.

Cons

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


badge Best Mortgage Lenders for FHA Loans

New American Funding

at New American Funding

4.0

NerdWallet rating 

at New American Funding

Min. Credit Score

640

Min. down payment

3.5%

Pros

  • Uses manual underwriting to evaluate creditworthiness.
  • Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

  • Mortgage origination fees tend to be on the high end, according to the latest federal data.
Read full review
Min. Credit Score

640

Min. down payment

3.5%

Pros

  • Uses manual underwriting to evaluate creditworthiness.
  • Offers full online mortgage application, rate quotes, document upload and loan tracking.

Cons

  • Mortgage origination fees tend to be on the high end, according to the latest federal data.
Read full review

Citibank: NMLS#412915

4.0

NerdWallet rating 
National / regional

National

Min. down payment

3.5%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates and typical fees compared to other lenders, according to the latest data.

Cons

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

National

Min. down payment

3.5%

Pros

  • Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
  • Offers low rates and typical fees compared to other lenders, according to the latest data.

Cons

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


badge Best Online Mortgage Lenders for Jumbo Loans

Better

at Better

3.5

NerdWallet rating 

at Better

National / regional

National

Min. down payment

10.1%

Pros

  • An online process with human help as needed.
  • Makes it easy to see customized mortgage rates.
  • Offers an "underwriter reviewed" preapproval letter in as little as 24 hours.
  • Appraisal guarantee promises the loan won’t change even if appraisal is lower than expected.

Cons

  • Doesn't offer home equity loans or HELOCs.
  • Doesn't do VA or USDA loans.
  • Appraisal guarantee is limited to borrowers who use Better real estate agents.
Read full review
National / regional

National

Min. down payment

10.1%

Pros

  • An online process with human help as needed.
  • Makes it easy to see customized mortgage rates.
  • Offers an "underwriter reviewed" preapproval letter in as little as 24 hours.
  • Appraisal guarantee promises the loan won’t change even if appraisal is lower than expected.

Cons

  • Doesn't offer home equity loans or HELOCs.
  • Doesn't do VA or USDA loans.
  • Appraisal guarantee is limited to borrowers who use Better real estate agents.
Read full review

SoFi: NMLS#1484615

4.0

NerdWallet rating 
Min. Credit Score

620

Min. down payment

3%

Pros

  • Provides an entirely digital mortgage application.
  • Mortgage rates tend to be on the low side, according to the latest available data.
  • SoFi members may qualify for a $500 discount on mortgage fees.

Cons

  • Does not offer government-backed loans, such as FHA or VA.
  • Requires users to create an account to see customized mortgage rates.
  • SoFi mortgages are unavailable in four states.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Provides an entirely digital mortgage application.
  • Mortgage rates tend to be on the low side, according to the latest available data.
  • SoFi members may qualify for a $500 discount on mortgage fees.

Cons

  • Does not offer government-backed loans, such as FHA or VA.
  • Requires users to create an account to see customized mortgage rates.
  • SoFi mortgages are unavailable in four states.
Read full review


badge Best Mortgage Lenders for Refinance Loans

Chase

at Chase

4.0

NerdWallet rating 

at Chase

Min. Credit Score

620

National / regional

National

Pros

  • Allows electronic submission and tracking of loan documents.
  • Carries a wide variety of mortgage types and products.
  • Generally offers competitive rates, according to the latest data.

Cons

  • Doesn't offer home improvement loans, such as FHA 203(k) and HomeStyle.
  • You have to speak with a home loan adviser to complete the application.
  • Home equity lines of credit (HELOC) are currently unavailable.
Read full review
Min. Credit Score

620

National / regional

National

Pros

  • Allows electronic submission and tracking of loan documents.
  • Carries a wide variety of mortgage types and products.
  • Generally offers competitive rates, according to the latest data.

Cons

  • Doesn't offer home improvement loans, such as FHA 203(k) and HomeStyle.
  • You have to speak with a home loan adviser to complete the application.
  • Home equity lines of credit (HELOC) are currently unavailable.
Read full review
Reali Loans

at Reali Loans

4.5

NerdWallet rating 

at Reali Loans

Min. Credit Score

620

National / regional

Regional

Pros

  • Offers a completely online application process.
  • Posts current interest rates for purchase and refinancing.
  • Provides customized rate quotes online.

Cons

  • Available in just 14 states.
  • Offers fewer loan types and products than other lenders.
Read full review
Min. Credit Score

620

National / regional

Regional

Pros

  • Offers a completely online application process.
  • Posts current interest rates for purchase and refinancing.
  • Provides customized rate quotes online.

Cons

  • Available in just 14 states.
  • Offers fewer loan types and products than other lenders.
Read full review


badge Best Mortgage Lenders for VA Loans

Veterans United

at Veterans United

4.0

NerdWallet rating 

at Veterans United

Min. Credit Score

620

Min. down payment

0%

Pros

  • Offers 24/7 customer service over the phone.
  • Has online application and pre-qualification.
  • Offers a free credit counseling service.
  • Employs advisors from each branch of the armed forces.

Cons

  • Doesn’t offer home equity loans or HELOCs.
  • Veterans United has physical branch offices in only 17 states.
  • Information on FHA, USDA and conventional loans is harder to find on its website.
Read full review
Min. Credit Score

620

Min. down payment

0%

Pros

  • Offers 24/7 customer service over the phone.
  • Has online application and pre-qualification.
  • Offers a free credit counseling service.
  • Employs advisors from each branch of the armed forces.

Cons

  • Doesn’t offer home equity loans or HELOCs.
  • Veterans United has physical branch offices in only 17 states.
  • Information on FHA, USDA and conventional loans is harder to find on its website.
Read full review
Guaranteed Rate

at Guaranteed Rate

3.5

NerdWallet rating 

at Guaranteed Rate

Min. Credit Score

600

Min. down payment

0%

Pros

  • Offers the ability to securely upload and digitally sign loan documents.
  • Displays detailed sample rates for many of its loan products.

Cons

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

600

Min. down payment

0%

Pros

  • Offers the ability to securely upload and digitally sign loan documents.
  • Displays detailed sample rates for many of its loan products.

Cons

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


badge Best Mortgage Lenders for Home Equity Lines of Credit

PNC: NMLS#446303

4.5

NerdWallet rating 
National / regional

National

Max LTV

84.9%

Min. Credit Score

620

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
National / regional

National

Max LTV

84.9%

Min. Credit Score

620

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

US Bank: NMLS#402761

4.5

NerdWallet rating 
National / regional

National

Max LTV

80%

Min. Credit Score

620

Pros

  • Offers a full line of conventional and government loan products.
  • Provides home equity loans and lines of credit.
  • Allows borrowers to apply and track their loan's progress online.

Cons

  • No personalized mortgage rates available online.
  • Published mortgage rates assume an above-average credit score.
Read full review
National / regional

National

Max LTV

80%

Min. Credit Score

620

Pros

  • Offers a full line of conventional and government loan products.
  • Provides home equity loans and lines of credit.
  • Allows borrowers to apply and track their loan's progress online.

Cons

  • No personalized mortgage rates available online.
  • Published mortgage rates assume an above-average credit score.
Read full review

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