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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

4.5

NerdWallet rating 

at New American Funding

Min. Credit Score

620

Min. down payment

3%

Pros

  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Its home equity line of credit can be used for an owner-occupied or second home.
  • Offers a program to enable buyers to make cash offers.

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

  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Its home equity line of credit can be used for an owner-occupied or second home.
  • Offers a program to enable buyers to make cash offers.

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

4.5

NerdWallet rating 

at Rocket Mortgage, LLC

Min. Credit Score

620

Min. down payment

3%

Pros

  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
  • Offers the option to work with loan officers by phone if desired.

Cons

  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity lines of credit.
  • 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

  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
  • Offers the option to work with loan officers by phone if desired.

Cons

  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Doesn't offer home equity lines of credit.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.
Read full review
Guaranteed Rate

at Guaranteed Rate

5.0

NerdWallet rating 

at Guaranteed Rate

Min. Credit Score

620

Min. down payment

3%

Pros

  • Displays detailed sample rates for many of its loan products.
  • Offers a wide variety of loans, including jumbo and interest-only products.
  • Offers low rates compared with other lenders, according to the latest federal data.

Cons

  • Doesn't offer home equity loans.
Read full review
Min. Credit Score

620

Min. down payment

3%

Pros

  • Displays detailed sample rates for many of its loan products.
  • Offers a wide variety of loans, including jumbo and interest-only products.
  • Offers low rates compared with other lenders, according to the latest federal data.

Cons

  • Doesn't offer home equity loans.
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

500

Min. down payment

3.5%

Pros

  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Its home equity line of credit can be used for an owner-occupied or second home.
  • Offers a program to enable buyers to make cash offers.

Cons

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

500

Min. down payment

3.5%

Pros

  • Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
  • Its home equity line of credit can be used for an owner-occupied or second home.
  • Offers a program to enable buyers to make cash offers.

Cons

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

Citibank: NMLS#412915

3.5

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 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

3.5%

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


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

  • 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
National / regional

National

Min. down payment

10.1%

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

SoFi: NMLS#1484615

4.0

NerdWallet rating 
Min. Credit Score

620

Min. down payment

3%

Pros

  • Borrowers with an existing loan or investment account from SoFi may qualify for a $500 discount on mortgage fees.
  • Mortgage rates tend to be on the low side, according to the latest federal data.
  • Offers jumbo loans with a minimum down payment of 10%.

Cons

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

620

Min. down payment

3%

Pros

  • Borrowers with an existing loan or investment account from SoFi may qualify for a $500 discount on mortgage fees.
  • Mortgage rates tend to be on the low side, according to the latest federal data.
  • Offers jumbo loans with a minimum down payment of 10%.

Cons

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


badge Best Mortgage Lenders for Refinance Loans

Chase: NMLS#399798

4.0

NerdWallet rating 
Min. Credit Score

620

National / regional

National

Pros

  • Carries a wide variety of mortgage types and products, including DreaMaker and Standard Agency mortgages, with down payments as low as 3%.
  • Offers low rates compared with other lenders, according to the latest federal data.
  • Offers a customizable mortgage calculator for personalized rate and payment estimates.

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

  • Carries a wide variety of mortgage types and products, including DreaMaker and Standard Agency mortgages, with down payments as low as 3%.
  • Offers low rates compared with other lenders, according to the latest federal data.
  • Offers a customizable mortgage calculator for personalized rate and payment estimates.

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: NMLS#991397

4.5

NerdWallet rating 
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: NMLS#1907

4.0

NerdWallet rating 
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 doesn't have branch offices in every state.
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 doesn't have branch offices in every state.
Read full review
Guaranteed Rate

at Guaranteed Rate

5.0

NerdWallet rating 

at Guaranteed Rate

Min. Credit Score

580

Min. down payment

0%

Pros

  • Displays detailed sample rates for many of its loan products.
  • Offers a wide variety of loans, including jumbo and interest-only products.
  • Offers low rates compared with other lenders, according to the latest federal data.

Cons

  • Doesn't offer home equity loans.
Read full review
Min. Credit Score

580

Min. down payment

0%

Pros

  • Displays detailed sample rates for many of its loan products.
  • Offers a wide variety of loans, including jumbo and interest-only products.
  • Offers low rates compared with other lenders, according to the latest federal data.

Cons

  • Doesn't offer home equity loans.
Read full review


badge Best Mortgage Lenders for Home Equity Lines of Credit

4.5

NerdWallet rating 
National / regional

National

Max LTV

85%

Min. Credit Score

680

Pros

  • Offers a fixed-rate option.
  • Posts details about rates, fees and qualifications.
  • Offers a rate discount for existing customers.

Cons

  • Annual fee of $50.
Read full review
National / regional

National

Max LTV

85%

Min. Credit Score

680

Pros

  • Offers a fixed-rate option.
  • Posts details about rates, fees and qualifications.
  • Offers a rate discount for existing customers.

Cons

  • Annual fee of $50.
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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