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Best Mortgage Lenders of 2018

Finding the Right Mortgage, Mortgages
NerdWallet adheres to strict standards of editorial integrity to help you make decisions with confidence. Some of the products we feature are from partners. Here’s how we make money.
We adhere to strict standards of editorial integrity. Some of the products we feature are from our partners. Here’s how we make money.
NerdWallet offers financial tools and advice to help you understand your options and make the best possible decisions. The guidance we offer and information we provide are deeply researched, objective and independent. We spent over 400 hours reviewing the top mortgage lenders before selecting the best for our readers.

When you buy a home, you’re in it for the long haul. You’ll have a mortgage payment for years, so it makes sense to find the best mortgage lender you can. To do that, shop for offers from at least three lenders.

Compare mortgage rates and other loan terms such as fees, time to close, the availability of online application and loan tracking, and customer service offerings. Taking the time to make an informed decision can save you thousands of dollars over the life of your loan.

You should still get preapproved before you house shop, make sure your credit history is accurate, check your credit score and evaluate how much home you can afford before you take the plunge.

» MORE: Check your credit score for free

To help you choose a mortgage lender, NerdWallet has picked some of the best out there in a variety of categories to help you get the home loan with the best mortgage rate, term and fees.

Best mortgage lenders for purchase loans

These lenders offer a wide variety of home loans, the ability to serve customers from all walks of life, competitive loan terms and robust customer service for home buyers.

Quicken Loans
4.5 NerdWallet rating
  • Offers full line of mortgage loans. Is the largest FHA lender in the nation.
  • Has a 1% down payment program for qualified buyers
  • Rocket Mortgage, Quicken’s new offering, allows you to complete the application process online
  • Quicken Loans review
4.5 NerdWallet rating
  • Is a full-service lender that offers underwriting flexibility, low down payment programs and strong online tools
  • Charges a flat origination fee. Considers income from multiple jobs.
  • Has multiple assistance and grant programs
  • New American Funding review

Best online lenders

More borrowers like getting a mortgage electronically, yet talking with an experienced loan officer still matters. Look for online lenders offering both.

Rocket Mortgage
4.5 NerdWallet rating
  • Apply for a mortgage on a mobile app or online
  • Reduces waiting for answers with rapid decisions on applications
  • Easy import of financial data saves borrowers time
  • Rocket Mortgage review
4.0 NerdWallet rating
  • Refinances with zero origination fees or broker commissions
  • 620 minimum required credit score to qualify
  • An automated service may suggest ways to improve your mortgage rate
  • Lenda review

Best mortgage lenders for refinancing

Because this is not your first mortgage, you want a lender that processes a refinance efficiently and helps you easily find the best rates and loan options.

4.0 NerdWallet rating
  • Government mortgage programs, including VA, FHA and USDA
  • Mortgages available in all 50 states
  • Lifetime Guarantee” refinance program offers no lender fees for repeat customers (with some restrictions)
  • LoanDepot review
suntrust mortgage
4.0 NerdWallet rating
  • Fixed-rate, adjustable-rate and jumbo loans and access to FHA, VA and USDA products
  • Options for borrowers with low down payments and nontraditional credit histories
  • Customer assistance via chat, online, phone and in-person
  • SunTrust review

Best mortgage lenders for first-time home buyers

Lenders who work with first-time home buyers are experienced at helping borrowers qualify for FHA loans and other mortgages with low down payment requirements.

4.5 NerdWallet rating
  • Lends to borrowers with credit scores as low as 500 in some cases.
  • Offers down payment assistance in cooperation with housing authorities in selected states.
  • Free rate locks.
  • Vylla review
3.5 NerdWallet rating
  • Numerous purchase mortgage options, including VA and FHA
  • Offers low down payment products with no private mortgage insurance
  • Available in all U.S. states
  • CitiMortgage review

Best mortgage lenders for VA loans

When you are shopping for a VA mortgage, it is important to work with a lender that has deep knowledge of every aspect of the program.

4.5 NerdWallet rating
  • Serves veterans and active-duty military personnel with full range of government loans, including USDA, VA and FHA
  • Low complaint volume with CFPB
  • Largest lender of VA purchase mortgages
  • Veterans United Home Loans review
4.5 NerdWallet rating
  • Garners favorable user reviews online, including at Better Business Bureau
  • Customers satisfaction at over 95%
  • Purchase and refinance borrowers can use all-digital mortgage platform
  • Guaranteed Rate Mortgage review

Best mortgage lenders for FHA borrowers

With so many lenders offering FHA financing, you need to shop around and compare the best options.

4.5 NerdWallet rating
  • Manual underwriting allows lender more flexibility in approving loans
  • Focus on minority and nontraditional mortgage borrowers
  • Minimum credit score: 620 for conventional loans and 580 for FHA and VA
  • New American Funding review
3.5 NerdWallet rating
  • Numerous purchase mortgage options, including VA and FHA
  • Offers low down payment products with no private mortgage insurance
  • Available in all U.S. states
  • CitiMortgage review

Best mortgage lenders of 2018: summary

Best mortgage lenders of 2018: review

Lender
Best
for
Highlights
Minimum credit score*
Learn more
Quicken Loans
Purchase loans
Low down payments; largest FHA lender
620
New American Funding
Purchase loans, FHA loans
Low down payments; underwriting flexibility
620 (conventional); 580 (FHA)
Rocket Mortgage
Online
Simple and fast online application
620
Lenda
lenda_logo
Online
No origination fees or broker commissions
620
loanDepot
loandepotlogo-270x55
Refinancing
No lender fees for repeat customers on refinances
620
SunTrust
suntrust mortgage
Refinancing
Low down payments; customer assistance
620
Vylla
First-time borrowers
Lends to low credit score borrowers; down payment assistance
550
CitiMortgage
citimortgage
First-time borrowers, FHA loans
Low down payments without PMI
Not disclosed
Veterans United Home Loans
Veterans-United-55x270
VA mortgages
Largest VA lender
620 (conventional and VA)
Guaranteed Rate
guaranteedrate_logo_transparent
VA mortgages
High customer satisfaction rates
620 (conventional); 580 (VA)

More from NerdWallet
Mortgage calculator
Learn how much house you can afford
Compare mortgage rates

* Minimum credit score on top loans; other loan types or factors may selectively influence minimum credit score standards

NerdWallet’s selection of mortgage lenders for inclusion here was made 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.