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  • logo-lendingtree

    LendingTree

    Submit your application in minutes for rates from a network of 350+ lenders.

    • 15- to 30-year fixed-rate mortgages
    • Get up to 5 free quotes
    • Fixed rates as low as 2.75% (15-year)
    Apply Now
    Learn More

    5.0
    Loan Types Purchase, refinance, home equity, reverse
    Featured Loans FHA, USDA, VA, jumbo, conventional
    Repayment Terms 10-,15-, 20-, 30- years fixed-rate, 5/1, 7/1 ARM
    Down Payment 0%-20% minimums based on loan type
    Credit Score 500+
    Best For HELOC with low closing costs
    PROS CONS
    • heck your credit score and how it affects your loan offers
    • One form and information is sent to multiple lenders
    • Get loan offers within minutes
    • High number of phone calls and emails
    • Dealing with a lot of lenders vying for your business
    • Rates only shown after entering your Social Security number

    Overview

    LendingTree is an online marketplace connecting borrowers to a broad network of lenders, and has aided over 55 million loan requests since it was founded in 1998. Its website is easy to navigate, and its credit score function is top notch. When you qualify for a loan, you can see the offer immediately and view additional details to help you make a decision. You must enter a Social Security number to view loan offers, and the average rates are not available on the site, which may not be ideal for every potential borrower.

    Who Is LendingTree Best for?

    LendingTree offers great deals by giving consumers several offers from multiple lenders in a matter of minutes and is ideal for:

    • Busy borrowers who want to see several loan options at a glance
    • Borrowers with poor credit or unconventional income looking for flexible lenders
    • HELOC, where you are paid out as needed from your home equity

    Since there are hundreds of lenders competing for your business, LendingTree is able to provide a custom-tailored selection of offers to choose from based on your specific criteria. In addition, LendingTree lets you compare different loan terms side by side in order to find the best monthly rate.

    quicken-loans

    Quicken Loans

    Make the mortgage process simple with the largest online lender in the US.Read Review

    • 15- to 30-year fixed-rate mortgages
    • Real-time quotes
    • Mortgages approved in minutes
    Apply Now
    Learn More

    5.0
    Loan Types

    Fixed-rate, ARM variable-rate, and refinancing loans

    Featured Loans

    Conventional, FHA, VA and USDA mortgages

    Repayment Terms

    15- or 30- year fixed-rate mortgage, 5- or 7- year ARM mortgage

    Down Payment

    3.5% on some loans

    Credit Score

    620+ for most loans

    Best For

    Comparing loan options at a glance

    PROS CONS
    • Fast application process
    • Many loan options
    • Lots of educational resources
    • No FAQ section
    • Live chat isn’t 24/7
    • Huge range of options can be confusing

    Overview

    Quicken offers a large range of mortgage and refinancing loans, including reverse mortgages, specialist VA and USDA mortgages, refinancing options, and a unique YOURgage option. Quicken promises to use cutting-edge technology to guide borrowers to the best loan product and complete the loan approval process quickly. Quicken stands out for offering home equity loans for almost every possible scenario so that you can find a suitable home financing package speedily, whatever your needs. Some Quicken Loans highlights include:

    • Borrow up to $3 million
    • 5- or 7- year ARM or 15- or 30- year fixed-rate loans
    • Wide range of loan options
    • Loans for specific situations like low-credit, low equity refinancing, and very large loans

    Who Is Quicken Loans Best For?

    Quicken Loans is best for almost anyone, thanks to the massive range of loan options. It’s especially easy to compare among the options that Quicken Loans can offer you.

    Additionally:

    • First time buyers will benefit from FHA mortgages with lower credit requirements along with Quicken’s extensive educational guides for new buyers
    • Homeowners looking for refinancing with low or no equity in their current home can find guidance from online resources and use the HARP refinancing option

    Featured Loans

    Quicken’s fixed-rate loans include an FHA fixed-rate loan for first-time buyers with under 20% down payments. There’s also a traditional 15- or 30- year fixed-rate loan that requires a minimum down payment of 3% and a Jumbo loan that is expressly tailored to borrowers needing loans of over $453,101 up to a maximum of $3 million. Quicken’s Jumbo, fixed-rate, and ARM loans are all available on special VA loan terms to eligible veterans too.

    Flexible loan options include:

    • FHA mortgage
    • Streamlined refinancing
    • The YOURgage mortgage, which allows borrowers to choose their term between 8 and 30 years with fixed rates and a minimum of 3% down payment
    • Flexible loans including 5 or 7 year ARM or refinancing
    • FHA, VA, and Jumbo loans for specific situations
    • Flexible YOURgage loan offers fixed rates with your choice of term length
    • Reverse mortgage for retirees

    Lender Features

    Quicken presents an almost bewildering array of helpful tools. Fortunately, there are also plenty of tables and mortgage calculators to help borrowers identify the best loan. All of Quicken’s loans permit monthly, bi-weekly, and automatic loan payments to help you keep on top of your budget.

    • Fast online application process
    • Educational resources and calculators to help you make the best choice
    Rocket

    Rocket Mortgage

    Find a simple mortgage that works for you at the touch of a button.Read Review

    • 8- to 30-year fixed-rate mortgages
    • FHA-backed loans available
    • Speedy document and asset retrieval
    Apply Now
    Learn More

    5.0
    Loan Types

    Mortgages and refinancing

    Featured Loans

    VA, FHA mortgages, HARP refinancing, traditional fixed rate

    Repayment Terms

    15- or 30-year fixed-rate, 5- or 7-year ARM variable rate

    Down Payment

    0% for some loans

    Credit Score

    620+ for some loans

    Best For

    Borrowers looking to do everything online and on mobile

    PROS CONS
    • Plenty of loan options available
    • Fast advanced platform
    • Real time rate updates
    • The many options can be overwhelming
    • Rates and terms information only available once you register
    • Extensive financial information needs to be imported

    Overview

    Rocket Mortgage is fully designed for digital natives with an advanced and smooth loan platform that keeps the entire process online and on smartphones. There are plenty of mortgage options and rates are constantly updated to keep borrowers on top of the details. The site design and apps are sleek and easy to use with excellent customer service and automation to speed up the loan process.

    Rocket mortgage highlights include:

    • Detailed and personalized loan rates information
    • Fast platform constantly updated in real time
    • Government-backed loans for veterans, first-time buyers, and borrowers with small down payments
    • 5- or 7-year ARM and 15- or 30-year fixed-rate mortgages

    Rocket-Mortgage-xsite

    Who Is Rocket Mortgage Best For?

    Rocket Mortgage is run entirely online with all of the information provided on the website or mobile apps, making it best suited to digital natives who are used to running all aspects of their lives from their mobile phones. The many mortgage options make it suitable for borrowers with small down payments and lower credit scores. Users who prefer flexibility will prefer the variable ARM mortgage while the traditional fixed-rate mortgages provide reliability and certainty for anyone who likes to plan their budget in advance.

    Loan Features

    Rocket Mortgage has a variety of loan features.

    • VA loans: Veterans are served with government-backed VA loans which aren’t always available from online lenders
    • FHA loans: First-time buyers with a low credit score or less cash for a down payment can get financing to purchase a home or refinance for any purpose. Rocket Mortgage’s FHA loans require a down payment as low as 3%.
    • Easy online format: Rocket Mortgage’s straightforward layout helps borrowers to easily compare down payments, APR rates, and total monthly payments on different financing options. You can also adjust your down payment online to see what impact it will have on your final monthly payments
    • Simple comparison: Easily compare the mortgage loan options

    The Application Process

    When applying for a loan via Rocket Mortgage:

    • Create an account which takes about 5 seconds.
    • Complete the guided online questionnaire. It’s very simple and straightforward with support along the way, and will include your financial and personal information
    • Get your quotes. You can customize them by adjusting your down payment, monthly payments, or loan term until you’re happy with the funding option before you.
    • Click the button to request approval online.
    • Come back and log in again the next day or every day for as long as you’d like to check on the changing rates, then only click the button to lock in rates once you’re happy.
    • E-sign all of the relevant paperwork online and closing can happen where and when you want it.
    jg-wentworth

    J.G. Wentworth

    Enjoy long-term stability with range of fixed-rate term options.

    • Low mortgage rates for refinancing
    • No points and no hidden fees
    • Streamlined application
    Apply Now
    Learn More

    5.0
    Loan Types

    Purchase, Refinance

    Featured Loans

    Jumbo, VA, FHA, Home Improvement, HARP

    Repayment Terms

    10, 20, 30 years

    Down Payment

    0-20%

    Credit Score

    520-620+

    Best For

    Homebuyers looking for choice and convenience

    PROS CONS
    • Variety of loan and term options
    • Federally-backed programs
    • Simple online application process
    • Information on rates and terms difficult to find on website
    • No live chat support for inquiries
    • Only has 14 physical locations

    Overview

    Founded more than 25 years ago, J.G. Wentworth began its existence as a merchant bank specializing in structured settlements and prepaid credit cards. In 2015, it added mortgages to its portfolio. Today, J.G. Wentworth offers a wide range of mortgages and refinancing solutions, issuing more than $3 billion in home loans loans every year to customers around the United States and is ranked #1 for customer satisfaction on Lending Tree.

    Who Is J.G Wentworth Best For?

    J.G. Wentworth is a top mortgage lender for home buyers and home owners who want their lender to offer them choice and convenience. The choice comes from the many loan types on offer, including:

    • Fixed and adjustable-rate conventional loans
    • Government-backed loans
    • Refinancing
    • The convenience comes from being able to apply for a mortgage online, over the phone, or in person. Whereas most lenders offer a choice of one or the other, J.G. Wentworth offers easy online applications and maintains a physical presence in 15 states.

    Types of Loans

    As mentioned above, J.G. Wentworth offers a large range of mortgage products, including:

    • Fixed-rate mortgages: Conventional home loan with a fixed rate that stays at the same level for the duration of the loan. Minimum credit of 620. Minimum down payment of 20%. Terms of 15, 20 or 30 years.
    • Adjustable rate mortgages (ARMs): Conventional home loan with a fixed interest rate for an introductory period, then a variable rate for the remaining lifetime of the loan. Minimum credit of 620. Minimum down payment of 20%. Introductory periods of 3, 5, or 7 years.
    • Jumbo loans: Home loan for property whose price is higher than the maximum covered by a regular fixed-rate mortgage or ARM. Credit not specified, although most lenders require at least 700. Minimum down payment of 20%. Same terms apply as for conventional mortgages.
    • VA loans: Government-backed loans for active and former members of the Military, National Guard, and Reserve, and surviving spouses who meet qualifying guidelines. Borrowers with lower-than-average credit accepted. Low interest rates, zero down payment, no PMI, low closing costs.

    J.G. Wentworth Pre-Qualification

    Getting pre-qualified before you apply for a mortgage with J.G. Wentworth can give you an idea how much you can borrow. It also gives you a leg up when putting an offer on the house you’d like to buy–the owners will understand they can rely on you to have the funding for their property. To pre-qualify, you will review your financial information with one of the loan specialists. Based on that information, J.G. Wentworth will give you an estimate of how much you can borrow.

    Once you’re ready to make an offer on a home, a pre-approval can give you a leg up, showing owners that you are a serious candidate for their property. Unlike pre-qualification, pre-approval requires a formal application and a hard credit check.

    boost-own-up

    Own Up

    A transparent tech company finding you multiple lenders and offers.Read Review

    • Save an average of $21k
    • Easily compare offers
    • Network of top lenders
    Apply Now
    Learn More

    5.0
    Loan Types Purchase, Refinance
    Featured Loans Fixed, ARM, FHA, VA, cash-out refinance
    Repayment Terms 10-30 years
    Down Payment 0%-20%
    Credit Score N/A
    Best For First-time buyers looking for assistance with getting the best deal possible on their mortgage
    PROS CONS
    • Home Advisors negotiate with lenders for you
    • Assistance with getting pre-approved
    • Not a direct lender
    • Only available in 6 states

    Overview

    Own Up is an innovative mortgage technology company that does more than the average mortgage comparison service. Own Up was created to assist home buyers and even negotiate on your behalf. Like other comparison services, Own Up helps its users compare lenders and find the best home loan for your needs and financial profile. It then goes a step further, assigning a dedicated mortgage loan originator (MLO) to help with the application process. MLOs assist home buyers with getting pre-approval (a step beyond mere pre-qualification) and even help negotiate directly with the lender to get a better deal.

    Best For?

    While Own Up serves all types of home buyers, its service is tailor-made to first-time buyers looking for hands-on assistance. Own Up sticks with its customers from the beginning of your search through to closure, often saving tens of thousands of dollars on total interest payment across the life of the loan.

    Types of Loans

    Own Up assists customers with purchasing or refinancing. The lenders Own Up partners with offer conventional loans, jumbo loans, government-backed loans such as FHA and VA loans, portfolio loans, and all types of re-financing including cash-out refinancing.

    The following are characteristics of Own Up-brokered loans:

    • Customers must have US citizenship or residency or hold a visa
    • Loan terms vary from 10-year to 30-year fixed-term loans and 3/1 to 10/1 ARM
    • Minimum down payments vary from 0% for VA loans to 20% for conventional loans
    • Minimum credit varies between participating lenders, and goes as low as 500—the lowest possible credit for government-backed mortgages
    • APRs vary from customer to customer, and Own Up sees it as its role to secure its customers the lowest interest rates possible

    The Application Process

    The application process begins with a short online form that sorts customers by the stage they’ve reached in the home-buying process in order to offer them the most-relevant type of assistance.

    To begin, customers must select from the following options:

    • Buying or refinancing
    • Not looking for a home, just looking around, or already accepted an offer
    • Already pre-approved or not yet pre-approved
    • Interested in getting pre-approved or not interested in getting pre-approved

    We presented ourselves as a customer who was looking around, hadn’t yet been pre-approved, and was looking to get pre-approved.

    Here’s what we were asked to fill out:

    • State (only available to buyers in Connecticut, Florida, Maine, Massachusetts, New Hampshire, Rhode Island)
    • Type of property (single residence, condo, multi-family residence, or townhome)
    • Purpose (primary home, secondary home, or investment property)
    • Purchase price
    • Size of down payment
    • Details about previous home ownership
    • Details of current employment, including salary, bonuses, and amount of time in role
    • Option of adding a co-borrower
    • Full contact details
    • State whether you’re working with a real estate agent
    • State when you’d like to purchase (0-3 months, 3-6 months, or 6+ months)

    Depending how you fill out the form, Own Up can offer 1 of 2 services. The first service, if the user is looking to get pre-approved, is direct assistance from a mortgage license originator. The second service, if the user is not ready for pre-approval, is an invite to speak to one of Own Up’s agents and learn more.

    Service number one, pre-approval, begins with a 7-minute phone call looking at the strengths and weaknesses of your lending profile, borrowing limits under different scenarios, and personal home financing plan. This includes a soft credit inquiry. Your MLO will then help you with pre-approval. According to Own Up, it is the first mortgage company to allow you to update your pre-approval letter in a fully automated way. Your dedicated MLO stays with you for the rest of the application, essentially negotiating on your behalf to cut you the best deal possible.

    Magnolia Bank

    Skip the salesman and streamline your mortgage process.

    • 10- to 30-year fixed
    • Automated underwriting
    • $1,000 best rate guarantee
    Apply Now
    Learn More

    5.0
    Loan Types Purchase, refinance, cash-out refinance
    Featured Loans FHA, HARP, VA, fixed, ARM
    Repayment Terms 10- to 30-years fixed, 3-7 years adjustable
    Down Payment No minimum
    Credit Score 620+, recommended 740
    Best For Experienced homebuyers who want to cut out salespeople
    PROS CONS
    • Minimal information required to get rates
    • $1,000 Best Rate Guarantee
    • Not everyone is comfortable with online loan applications
    • Minimum credit score of 620 required

    Magnoliabankreview

    Overview

    Magnolia Bank prides itself on offering a “sales-free low-pressure environment,” which means you won’t be pushed to close a loan by salesmen you don’t necessarily trust; rather, you’re given loan options and you get to decide which one is best for you.

    Best For?

    • Experienced buyers who want to cut out the middleman (salespeople) and save both time and money and feel comfortable handling the mortgage process online.
    • Borrowers who want upfront, fast, pre-approvals.
    • Borrowers with good to excellent credit and a debt-to-income ratio of 43% or less.

    Loan Features

    Magnolia Bank offers 2 kinds of loans: Home purchase and refinance. Within these broader loan categories are different types of loans, like FHA and VA loans.

    Customers need to decide for themselves which loan is best for them; however, your choices will probably be narrowed down by the loans you actually qualify for. If you have a poor credit rate, you probably won’t qualify for a $500,000 10-year fixed loan. If all the different loan types are Greek to you, Magnolia Bank boasts a knowledgeable customer support team with expert loan processors that are available to guide you through the process and help determine which loan is best for your circumstances.

    The Application Process

    The application process is fairly straightforward and simple; what’s more, the website has a step-by-step guide that tells you exactly what to expect each step of the way.

    The first step is to click on Get Rates, which directs you to a page where you fill out minimal information including the cost of the house and amount of down payment; then the system calculates a loans proposal for you, and you can choose from a selection of interest rates.

    Once you find a loan and interest rate that suit you, you’ll be directed to the loan application. Part of the application requires you to submit the following documentation:

    • Last 2 pay stubs
    • W2 or 1099 of previous 2 years
    • 2 years of personal and business tax returns
    • Copy of driver’s license
    • Signed Borrower’s Certification and Authorization
    • For refinancing: Copy of homeowner’s insurance policy declarations page and current mortgage statements

    It’s a good idea to gather this information before you find a loan and rate that you want, because once you find it, you only have 48 hours to submit all the documents.

    Once you submit all the necessary items, you will be assigned a processor, who will be your go-to person throughout the application process. Your processor will first submit your application for pre-approval through the company’s automated underwriter, an advanced computer system that analyzes your income, credit, assets, and other things in order to assess if you qualify for the loan you want. Using the automated underwriter, pre-approval can take place within minutes instead of days or weeks.

    Once your pre-approval is issued, your processor will order an appraisal from one of the company’s preferred appraisers. You’ll get the appraiser’s contact information and they will contact you within 24 hours to set up an appointment. Once the appraisal has been received, your processor will submit your loan for final approval, and you’ll receive a final underwriting decision within 48-72 hours.

    You’ll then be emailed the final loan documents, and a notary will schedule a time to come to your house so you can complete all the signatures.

    Throughout the application process, you can be in touch with your processor at any time

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    NASB

    NASB offers a range of mortgages, including the unique IRA non-recourse loan.

    • Low credit scores accepted
    • Quick application process
    • Terms up to 30 years
    Apply Now
    Learn More

    5.0
    Loan Types Home purchase, refinance
    Featured Loans VA, Jumbo, FHA, IRA lending, USDA
    Repayment Terms 110 to 30 years
    Down Payment 0%
    Credit Score 580
    Best For Investors, military personnel, first-time homebuyers
    PROS CONS
    • Large selection of mortgage products
    • Caters to people with unique situation
    • Charges payment fees to non-NASB account holders
    • No physical branches outside Missouri

    NABS-xsite

    Overview

    NASB was founded in Kansas City, Missouri in 1927, and continues to offer loans through 11 branches in Missouri and through its online portal to borrowers from around the United States.

    Best for?

    NASB specializes in tailoring mortgages to the following types of borrowers:

    • Active and former military personnel and their relatives can apply for a VA loan.
    • Anyone who has at least 30-40% of the purchase price vested in a self-directed IRA can apply to buy a rental property with an IRA non-recourse loan.
    • People with poor credit or other tough financial circumstances can apply through NASB for an FHA loan or for a non-conforming loan.

    Loan Features

    North American Savings Bank offers conventional and non-conventional loans to suit different personal and financial circumstances. Customers benefit from the following features:

    • No origination fees for certain loan types (such as VA and FHA loans), although there is a 1% origination fee for other types (such as IRA non-recourse loan).
    • No lender fees for certain loan types.
    • In-house processing and fast closing times.
    • Dedicated loan officer who can tailor your loan to your situation.
    • Online application for residents of all 50 states, or in-branch application for Missouri residents.
    Amerisave

    Amerisave

    Mortgage lender offering rates without requiring personally identifiable information.

    • Low rates
    • Rate quote with no personal info required
    • Fast online process
    Apply Now
    Learn More

    5.0
    Loan Types Mortgage and refinancing loans
    Loan Amount Loans up to $1.5 million
    Repayment Terms 10- , 25-, or 30 year fixed rate, 5- or 7–year adjustable rate
    Best For Customers seeking a full-service mortgage provider with a simple application process
    PROS CONS
    • Apply and submit forms directly online
    • Company originates and underwrites all loans
    • Low rates
    • No second mortgage products
    • No loans for manufactured homes

    Overview

    Based in Atlanta, Georgia, AmeriSave has established itself as one of the premier names in the mortgage loans and refinancing industry. The company was established in 2002, and has since expanded its service to 49 states and the District of Columbia. Today, the company offers a quick and straightforward way for potential homeowners and prospective buyers to uncover the loans they need and access funds efficiently. AmeriSave has expanded to employ more than 500 mortgage specialists, and funds billions in home loans every year. Moreover, the company offers a wide variety of mortgage options, including conventional, jumbo, FHA, VA and USDA loans.

    Best for?

    • Borrowers seeking a full-service mortgage lender

    One of the biggest benefits AmeriSave offers its customers is its ability to originate and underwrite mortgages. The company has a large team of specialists and makes the lending and application process as straightforward as possible for prospective borrowers.

    • Borrowers who desire a straightforward application

    Customers can apply for its loans via several channels with AmeriSave. The company offers a quick initial process and is known for its flexibility in meeting its customers’ needs to finalize loans for both refinancing and home purchases.

    Featured Loans

    AmeriSave offers an extensive range of loan options for customers, including several backed by government programs, including FHA, VA, and USDA loans. Additionally, borrowers can take advantage of a good range of terms alongside both fixed and adjustable-rate options, which means you can get a loan where your monthly principal and payments will remain the same or a loan where the monthly payments will start out lower, but may fluctuate. Amerisave also offers cash-out refinancing, jumbo loans exceeding the conforming limit of $453,100, and mortgage rate and term refinance loans.

    Highlights for AmeriSave:

    • Highly competitive interest rates
    • Both fixed and adjustable-rate loan options available
    • A variety of loan options including Conventional, Jumbo, FHA, USDA, and VA
    • A wide range of calculators and graphs help inform borrowing choices
    • An extensive team of over 500 mortgage specialists help the decision-making process
    • Finalize loans from anywhere that is convenient with easy closing options
    • Available in 49 states and the District of Columbia
    • An A+ rating from the Better Business Bureau
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