Current mortgage rates
Rates are effective 05/31/2026 and are subject to change without notice. APR shown is provided by a partner of ConsumerAffairs.
| Product | APR | |
|---|---|---|
| 7.002%0.11% | Get Rates | |
The APR shown of 7.002% is available for a 30-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.718%0.0% | Get Rates | |
The APR shown of 6.718% is available for a 20-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.1%0.08% | Get Rates | |
The APR shown of 6.100% is available for a 15-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.067%0.0% | Get Rates | |
The APR shown of 6.067% is available for a 10-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.833%-1.16% | Get Rates | |
The APR shown of 6.833% is available for a 30-year FHA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.887%0.0% | Get Rates | |
The APR shown of 6.887% is available for a 20-year FHA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.094%-0.03% | Get Rates | |
The APR shown of 6.094% is available for a 15-year FHA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.003%-0.13% | Get Rates | |
The APR shown of 6.003% is available for a 30-year VA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.433%0.0% | Get Rates | |
The APR shown of 6.433% is available for a 20-year VA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 5.768%-0.28% | Get Rates | |
The APR shown of 5.768% is available for a 15-year VA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
Current refinance rates
| Product | APR | |
|---|---|---|
| 7.055%0.01% | Get Rates | |
The APR shown of 7.055% is available for a 30-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 7.161%0.0% | Get Rates | |
The APR shown of 7.161% is available for a 20-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.008%0.02% | Get Rates | |
The APR shown of 6.008% is available for a 15-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 5.632%0.0% | Get Rates | |
The APR shown of 5.632% is available for a 10-year fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 7.295%0.22% | Get Rates | |
The APR shown of 7.295% is available for a 30-year FHA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.887%0.0% | Get Rates | |
The APR shown of 6.887% is available for a 20-year FHA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.141%0.0% | Get Rates | |
The APR shown of 6.141% is available for a 15-year FHA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.129%0.12% | Get Rates | |
The APR shown of 6.129% is available for a 30-year VA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 6.582%0.0% | Get Rates | |
The APR shown of 6.582% is available for a 20-year VA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
| 5.852%0.23% | Get Rates | |
The APR shown of 5.852% is available for a 15-year VA fixed rate loan in the amount of $200,000 for consumers with loan-to-value of at least 80%. | ||
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Comparison: best online mortgage lenders
Compare our picks for the best online mortgage lenders:
| Company | Loan types | Minimum credit score | Minimum down payment | |
|---|---|---|---|---|
 Rocket Mortgage | View Rates | Conventional, FHA, VA, jumbo, bridge and ONE+ | 580 to 620 | 0% to 3.5% |
 nbkc bank | Learn More | Conventional, FHA, VA | Typically 620 | 0% to 3.5% |
 Better Mortgage | Learn More | Conventional, FHA, VA, jumbo | Typically 620 | 0% to 3.5% |
 Zillow Home Loans | Learn More | Conventional, FHA, VA | 580 to 620 | 0% to 3.5% |
 Morty | Learn More | Conventional, jumbo, FHA and refinancing | 620 | 3% to 20% |
 New American Funding | View Rates | Conventional, FHA, VA, USDA, refinancing, reverse mortgages, etc. | 580 to 640 | 0% to 3.5% |
Our top picks for the best online mortgage lenders
To select our top picks for the best online mortgage lenders, the ConsumerAffairs Research Team scored mortgage companies based on reviews, online reputations and digital features. We also considered state availability, minimum credit scores and loan types. All of our picks offer both conventional and government-backed loans, such as Federal Housing Administration (FHA) or U.S. Department of Veterans Affairs (VA) loans. Read our full methodology for more information on how we picked lenders.
Our picks may be Authorized Partners who compensate us. This doesn’t affect our recommendations or evaluations, but it may affect the order in which companies appear.
Our picks for the best online mortgage lenders are:
- Loan types
- Conventional, FHA, VA, jumbo, bridge and ONE+
- Minimum credit score
- 580 to 620
- Minimum down payment
- 0% to 3.5%
- Availability
- Nationwide
- Loan types
- Conventional, FHA, VA
- Minimum credit score
- Typically 620
- Minimum down payment
- 0% to 3.5%
- Availability
- Nationwide
- Loan types
- Conventional, FHA, VA, jumbo
- Minimum credit score
- Typically 620
- Minimum down payment
- 0% to 3.5%
- Availability
- Nationwide
- Loan types
- Conventional, FHA, VA
- Minimum credit score
- 580 to 620
- Minimum down payment
- 0% to 3.5%
- Availability
- Most states (not NY)
- Loan types
- Conventional, jumbo, FHA and refinancing
- Minimum credit score
- 620
- Minimum down payment
- 3% to 20%
- Availability
- 46 states and Washington, D.C.
- Loan types
- Conventional, FHA, VA, USDA, refinancing, reverse mortgages, etc.
- Minimum credit score
- 580 to 640
- Minimum down payment
- 0% to 3.5%
- Availability
- Nationwide
What is an online mortgage?
An online mortgage is similar to a traditional mortgage that you’d apply for at a brick-and-mortar bank, except that everything (or almost everything) is done online. While most traditional lenders allow for at least part of the mortgage application process to be handled online, some mortgage lenders operate exclusively online.
You can apply for most types of home loans online, including conventional loans and mortgage refinancing. However, if you’re a nontraditional buyer — such as someone who is self-employed, retired, has poor credit or needs a jumbo loan — you might have a more difficult time getting an online mortgage.
» MORE: Best mortgage lenders
Pros and cons of online mortgage lenders
Before deciding to apply for a mortgage with an online lender, compare the pros and cons.
Pros
- Usually lower rates
- Usually fewer fees
- More streamlined process
- Quicker approval times
Cons
- Might get less personalized service
- Not available to all types of borrowers
Tips for choosing an online mortgage lender
When selecting an online mortgage lender, you’ll want to compare the different options based on features like:
- Types of loans offered
- Fees, interest rates and term lengths
- Preapproval, application and closing times
- Minimum down payment required
- Minimum credit score required
- Rate lock time
- Closing time guarantee
- Customer service accessibility
- Whether you’ll have a dedicated loan officer
Keep in mind that while online lenders can theoretically make the process of applying for a mortgage more convenient, the process could actually be more difficult and frustrating if a lender has unresponsive customer service or a complicated website. If you’re someone who likes in-person service or who is uncomfortable with all-digital processes, it would be best to work with a brick-and-mortar lender instead.
How to apply for an online mortgage
Applying for a mortgage online isn't that different from applying at a local bank. The main difference is that, with an online mortgage, the application process is handled digitally. For instance, you’ll have to upload PDFs of important documents, and you can track your loan's progress through an app or secure online portal.
1. Search for a lender
You’ll generally follow the usual steps to getting a mortgage. This includes deciding what type of mortgage you’re looking for, comparing different lender options and figuring out how much you can afford to spend on a house.
2. Complete an application
Once you’ve selected a lender, you’ll need to complete an online application. You’ll also need to submit necessary documentation, such as:
- Photo ID
- Recent W-2s or pay stubs
- Recent tax returns
- Bank account statements
- Proof of other assets
- Documentation of debts
- Home purchase price
If you’re a first-time homebuyer, lenders may ask for your renting history. The lender will also pull your credit report and check your credit score.
3. Wait for approval
After the lender reviews your documentation and application, you’ll receive your approval and sign your loan agreement digitally. However, some lenders might require you to attend an in-person closing, so make sure you ask about that ahead of time.
» MORE: How to get a mortgage
FAQ
Are online mortgage lenders safe?
Online mortgage lenders are generally safe to use, but you’ll want to make sure you choose a reputable, licensed lender with a secure website. However, avoid any lender with unusually high rates or fees, or one that pressures you to sign documents quickly.
Are online mortgage rates cheaper?
Online mortgage rates might be cheaper than rates from brick-and-mortar lenders since online lenders have lower overhead costs. They might also charge fewer fees. But as with any financial decision, it’s important to compare rates from a few different lenders to ensure you’re getting the best rate and terms possible for your borrower profile.
Can I get a mortgage with bad credit?
You may be able to get a mortgage with bad credit. For example, FHA loans are available to borrowers with credit scores as low as 500.
Bottom line
An online mortgage lender can be a good option if you’d prefer a digital application process with potentially quicker processing times. If you don’t mind the lack of in-person service, an online mortgage can be a good way to secure funding for your new home.
Make sure you compare different online lenders before choosing one. Additionally, take the time to carefully read all the terms and conditions before signing a loan agreement.
Methodology
The ConsumerAffairs Research Team researched 60 mortgage companies. We evaluated companies’ overall satisfaction ratings, comparing companies based on their number of 5-star reviews versus 1-star reviews. During this process, we analyzed 6,245 verified reviews.
We then graded lenders and brokers on availability, online reputation and digital features, such as free online quotes, easy-to-navigate applications and the option to make monthly payments through a secure portal. Rankings are based on weighted scores, similar to a grade-point average.
Once we selected our top picks, we vetted each one through the NMLS Consumer Access portal and confirmed that they have a secure website.
Article sources
ConsumerAffairs writers primarily rely on government data, industry experts and original research from other reputable publications to inform their work. Specific sources for this article include:
- U.S. Department of Housing and Urban Development, “FHA Single Family Housing Policy Handbook.” Accessed Feb. 20, 2026.
