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Standout mortgage preapproval lenders

If you’re thinking of buying a home, you probably know that mortgage rates have been rising. Getting a mortgage preapproval letter can put you head and shoulders above other buyers who may be interested in your dream home too, because it shows that you’re serious.

Get quotes from multiple lenders

To make sure you’re finding the best deal, apply to several lenders rather than just one. That way you can compare all-in costs. Once you have multiple offers in your hand, you can compare loan terms such as fees, rates, time to close, the availability of online application and loan tracking, and customer service offerings.

Select a home loan based on what’s important to you

We’ve highlighted standout features below like minimum credit score, minimum down payment, and strength of online offerings to help you find the lender that’s right for you.

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at Rocket Mortgage

Min. credit score

620

Min. down payment

3%

NerdWallet rating
Why we like it

Ideal for anyone who appreciates smartphone app service, support and timesavings. Rocket Mortgage offers a fully digital home loan experience with a large variety of mortgage products.

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At Quicken Loans

Min. credit score

620

Min. down payment

3%

NerdWallet rating
Why we like it

Ideal choice for convenience and quick-response customer service. Quicken Loans provides just about all the services your neighborhood lender does — with online convenience. Quicken Loans is the largest mortgage lender in the U.S.

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at Better Mortgage

Min. credit score

620

Min. down payment

3%

NerdWallet rating
Why we like it

Ideal for tech-savvy borrowers that prefer an online experience. Better Mortgage provides a seamless and easy-to-navigate application process. And best yet: Better charges no origination fee.

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at J.G. Wentworth

Min. credit score

600

Min. down payment

3%

NerdWallet rating
Why we like it

Ideal for borrowers looking for a wide variety of mortgage types and products. J.G. Wentworth has expertise with low-to-moderate income lending.

Want to know more about what a preapproval is?

A mortgage preapproval is a letter from a lender indicating how much of a loan you can qualify for, issued after the lender has evaluated your financial history — including pulling your credit report and score. With a preapproval letter, you can find a home you can afford by shopping within your means and lock in your interest rate today.

Rating methodology:

NerdWallet’s star ratings for mortgage lenders are awarded based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

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A little about us
At NerdWallet, we offer straightforward info and tools to help you make the best possible financial decisions. All for free. So how do we make money? In most cases, when someone applies or gets approved for a financial product we get paid. But that doesn’t sway our opinions.