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.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
The best lenders for your home loan
- 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 loan won’t change even if appraisal is lower than expected.
- Read our Better review
- Offers full online mortgage application, rate quotes, document upload and loan tracking.
- Uses manual underwriting to evaluate creditworthiness, in some cases.
- Read our New American Funding review
- Offers low rates compared with other lenders, according to the latest data.
- Extends full online capabilities, from application to loan tracking.
- Displays customized rates, with fee estimates, without requiring contact information.
- Read our NBKC review
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.
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.
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.