Compare top home loan lenders

Reach out to the lender you think is best for you, or contact each one. It pays to compare multiple offers.

The best lenders for your home loan

  • Largest FHA lender in the nation
  • Allows you to complete the process entirely online and gives a loan decision in minutes
  • Offers live chat and customer support with extended hours
  • Read our Rocket Mortgage review
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at Rocket Mortgage
  • Offers loan products starting with as little as 3% down
  • Offers a single online platform for the entire mortgage loan process
  • Will beat a competitor's offer by at least $1,000 or give customers $1,000
  • Read our Better.com review
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at Better.com
  • Specializes in serving minorities, low-income, and other underserved borrowers
  • Offers multiple down payment assistance and grant programs including 0% down CalHFA program
  • Online application, nationwide branch locations, and phone and email support with extended hours
  • Read our New American Funding review
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at New American Funding

How do I compare top home loan lenders?

To select the top home loan lender for you, you should first determine what kind of loan you need. Then consider what you’re looking for in a lender. Do you need a lender with the latest online capabilities? Is face-to-face interaction important to you? Are you researching home loan lenders that cater to first-time buyers? There are arguably more loan options and lenders today than ever before. The marketplace is made up of large, traditional lenders such as Chase and Bank of America; regional lenders such as SunTrust; small, local banks; credit unions such as Navy Federal; and even mortgage brokers acting as middlemen, looking all over to find you the best deal. Once you’ve decided what you need in a lender, contact several lenders at around the same time to get the most accurate comparison of interest rates and fees.

What’s the point of shopping multiple lenders?

Mortgage borrowers waste thousands of dollars each year by not shopping around for more than one offer. Compare offers from at least three lenders when applying for a home loan. Even a slight difference in interest can save or cost you big money over the life of your loan. By applying to several lenders, you can compare the all-in cost of each offer to see the best deal. There’s more that goes into shopping for the best loan than the lowest rate, but that doesn’t mean it’s not important. Comparing fees alongside the interest rate will provide a good indication of the loan’s costs both upfront and over the long term.

Why is getting preapproved for a home loan so important?

Taking the time to get a preapproval letter before you start shopping for homes is essential in today’s market. Showing a seller your preapproval letter can put you way ahead of the competition. Why? It’s proof to the seller that a lender has evaluated your finances and calculated how much house you can afford.

Here’s a list of the information you’ll have to provide to a lender to get preapproved:

  • Social Security numbers for all borrowers
  • Banking, savings, checking and investment account statements
  • A list of your monthly outstanding debts, including credit cards, car loans, student loans and more
  • Two years of tax returns
  • Salary and employer information
  • Your down payment amount and where the money is coming from

If you’re ready to move forward, the home loan lenders above all offer mortgage preapprovals.