Type of Loans Purchase, Jumbo, Refinance, Fixed, Adjustable, FHA, VA, USDA (specifics vary by lender) Minimum Down Payment Varies by lender Minimum Credit Score ~585 (recommended)

In addition to the usual 15- and 30-year mortgage term lengths, the lender offers flexible terms between eight and 29 years through its unique YOURgage program.įinally, if you’re looking for a low down payment, Rocket has options - some loans allow first-time homebuyers to put as little as 3% down. Rocket is the largest retail lender in the country by loan volume, offering a variety of mortgage options, including conventional mortgages, FHA, VA and jumbo loans. This means customers get consistent support from start to finish.ĭon’t just take our word for it: Rocket ranked first in customer satisfaction in J.D. Moreover, Rocket services 99% of the mortgages it originates instead of handing customers off to another company as is the industry norm. Customers in all 50 states can fully process their loan online but are also able to speak with one of the company’s 3,000+ mortgage bankers 24/7. Why we chose this company: Rocket Mortgage (NMLS: #3030), formerly known as Quicken Loans, stands out for its quality of customer experience. Type of Loans Purchase, Jumbo, Refinance, Fixed, Adjustable, FHA, VA Minimum Down Payment 3% Minimum Credit Score 620

Caliber Home Loans – Best for Self-Employed Individuals.

Navy Federal – Best In-person Lender for Military Members.

Guild Mortgage – Best for First-Time Homebuyers.

Better Mortgage – Best for Fast Closing Time.

Veterans United – Best Online Lender for Military Members.

Rocket Mortgage – Best Customer Service.

Our Top Picks for Best Mortgage Lenders of 2023 Read on for our reviews of the best mortgage lenders in America. They also have simple mortgage pre-qualification, pre-approval and application processes and a strong customer satisfaction record. Our picks offer competitive interest rates and a range of loan products that cater to different needs.

To help you narrow the field, Money has reviewed eight of the best mortgage lenders in America right now. There are approximately 11,000 mortgage lenders in the United States. Finding a reputable lender and a loan that fits your needs is essential.īefore settling on a lender, it’s important to consider different loan programs and compare terms like mortgage rates, lender fees and closing times. Numbers reflect a percentage of the largest independent lenders volume.Ī mortgage is one of the biggest financial commitments you’ll ever make - and one you’ll be paying off for years.

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