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Find the Best Mortgage Lenders and Refinancing Companies

Most Americans require a mortgage to purchase a home. Use our guide to learn about mortgages and discover the best mortgage lender for you. We explain the different types of loans, eligibility requirements and what you should look for when searching for the right mortgage lender for your needs.

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Compare Reviews for Top Mortgage Lenders

Quicken Loans
Read 5,195 Reviews

Offers conventional mortgages plus FHA, VA and jumbo loans. Refinancing options available to lower payments, change terms or take cash out. Provides fast online application process through RocketMortgage.

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AmeriSave Mortgage
Read 3,570 Reviews

Offers affordable mortgages through its easy online approval process. Custom quotes include no obligations, no commitments and no hidden fees. Provides a wide variety of loan types, including conventional, jumbo, FHA, VA and USDA.

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North American Savings Bank
Read 75 Reviews

Offers mortgage loans, emergency loans, refinancing and more. Offers special services for veterans. Multiple locations across the Kansas City, Missouri, area. Limited nationwide services online.

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Rocket Mortgage
Read 135 Reviews

Online mortgage company. Offers multiple different types of mortgages. Offers refinancing programs. Part of the Quicken Loans family. 24/7 online services.

Read 1,538 Reviews

Specializes in home purchase loans, home refinance, home equity, reverse mortgages and auto loans. Compares rates and quotes from multiple lenders. Provides free mortgage and auto loan calculators. Terms and conditions apply.

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First Internet Bank
Read 345 Reviews

Provides purchase, construction and refinance loans with fixed or adjustable rates. Gives free personalized quotes in less than a minute. Most borrowers close in 40 days or less.

Get a Quote Call Now Toll Free (855) 767-2424
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Mr. Cooper
Read 9,531 Reviews

Provides new home loans and mortgage refinancing. Offers competitive interest rates. Award-winning mobile app. Online loan tracking. Guarantees closing date or the company will pay your first mortgage payment.

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Caliber Home Loans
Read 3,293 Reviews

Offers conventional and government home loans. Refinancing options available. Loan consultants available online and throughout the country. Close on a home in as little as 10 days. Online mortgage calculator offered.

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21st Mortgage Corporation
Read 1,671 Reviews

Provides financing for manufactured or mobile home buyers in the United States. Offers a variety of loans, insurance and resources to help you find and buy your new manufactured or mobile home.

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PHH Mortgage
Read 4,329 Reviews

Provides mortgage services for homebuyers. Assists with the home buying and refinancing processes, and offers a wide variety of loan options. Loan experts help with lowering interest rates and shortening loan terms.

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ClearPath Lending
Read 996 Reviews

Nationwide mortgage lender based in California. Offers lending and refinancing services in almost every state. Specializes in fixed-rate and adjustable-rate loans and guarantees the best pricing for your loan.

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Network Capital Funding Corporation
Read 551 Reviews

Offers a wide variety of loan products with competitive rates. Accepts credit scores as low as 550 and down payments as low as 3%. No lender, application or origination fees.

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Vanderbilt Mortgage
Read 2,044 Reviews

Provides mortgage financing for manufactured, mobile and modular homes. Offers several types of mortgages, including conventional, FHA, biweekly, land and more. Programs for lower credit scores available.

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Homebridge Financial Services
Read 887 Reviews

Private lending firm for home buyers. Wholesale and retail options available, including traditional and niche loan products. Options for purchasing, refinancing and renovating. Licensed in all 50 states except Utah.

Get a Quote Call Now Toll Free (855) 321-7366
BOK Financial Mortgage
Read 1,710 Reviews

Offers home loans, mortgage refinancing and home equity loans with competitive rates and flexible plans. Has an online application option but prioritizes one-on-one customer support from its bankers. Diverse mortgage products.

What is a mortgage?

A mortgage is a loan secured by real estate, typically a residential property. Unless you have enough cash on hand to purchase a house outright, a mortgage is a legal document you must sign to buy or refinance a property.

Conventional mortgages require a minimum 620 credit score.

The word “mortgage” comes from the Old French phrase mort gaige, which means “death pledge.” With a mortgage, the borrower is obligated to pay the full debt amount, or figuratively “kill” the loan. In this sense, “death” refers to the debt and “pledge” is a surety or promise. A mortgage is also sometimes called a lien against property, claim against property or deed of trust in some states.

Of all the different types of mortgage loans, conventional and government-backed mortgages are most frequently used to finance a home. Government-backed mortgage loans — FHA, VA and USDA programs — typically require credit scores higher than 580 and down payments from 0% to 3.5%. Since conventional loans are riskier for lenders, most require credit scores of 620 and 5% to 20% down payments.

How does a mortgage work?

A mortgage functions as a lien or legal claim against a property. In exchange for immediate funds, the borrower must repay the loan with interest and fees over time. The financed property serves as collateral for the loan — if mortgage debt is not repaid, the bank or creditor has the right to repossess the property.

To get a mortgage, you must sign a legal agreement that gives your home loan lender the right to take the property if you don’t repay your home loan. You also must sign a promissory note stating that you agree to repay the mortgage loan in full, with interest and under your lender’s repayment terms. Lenders evaluate your debt-to-income ratio to determine how well you manage your debts — borrowers with debt-to-income ratios above 43% are considered risky and may not qualify for a mortgage loan.

Mortgage amortization is the process of paying down home loan debt over time. Homeowners build equity by making payments on their mortgage principal. If you get a second mortgage, you borrow funds with your house as collateral for the loan but don’t have to use the funds to purchase a home. Home equity loans and lines of credit are types of second mortgages.

Mortgages come with different loan terms and interest rates. The term refers to the lifespan of the loan, which is usually between 15 and 30 years. The mortgage rate refers to the amount of interest the lender charges in exchange for the loan.

Mortgage rates can be fixed or adjustable. A fixed-rate mortgage has the same interest rate for the entire term, whereas an adjustable-rate mortgage increases or decreases based on the marketplace. The most popular type of adjustable-rate mortgage is the 5/1 ARM, which has a fixed rate for the loan's first five years and then adjusts each year after that.

How does refinancing work?

Mortgage refinancing companies replace your existing mortgage with a new loan. The two most common types of home refinance loans are rate-and-term refinancing and cash-out refinancing.

Through rate-and-term refinancing, you can change your term, get a new rate and pick a new type of loan and lender. Rate-and-term refinancing doesn’t affect your principal balance, and it’s possible to save on interest in the long term if rates have gone down since you first financed your mortgage. 

With a cash-out refinance, you access your home equity in exchange for a higher principal. For example, imagine you owe $50,000 on your mortgage and want a $10,000 loan. Through a cash-out refinance or home equity loan, you could accept a $60,000 loan and receive $10,000 in cash after closing.

Many homeowners refinance their mortgage to lower their monthly payments, get a better rate or term, convert your home equity into cash or pay off their loan faster. Some mortgage refinance lenders also specialize in debt consolidation strategies. For more, read about how to refinance a mortgage.

Mortgage broker vs. lender

There are many places to find a mortgage — national and regional banks, local credit unions and online mortgage lenders or brokers — so it can be confusing to know the best place to look or where to start.

What is a mortgage broker?

A mortgage broker is a middleman between a borrower and a wholesale mortgage lender. You can compare multiple estimates from different lenders through a mortgage broker. Using a mortgage broker to find a home loan can save money and time, but it’s also more expensive. Mortgage broker fees are up to 1.5% to 2% of the total real estate loan.

What is a mortgage lender?

A mortgage lender is the banking institution that finances the home loan for a fee. Mortgage lenders’ origination and closing fees vary by lender and from state to state. Mortgage banks and portfolio lenders are types of direct mortgage lenders. Direct lenders process applications, originate and underwrite loans. A lender is different from a mortgage servicer, which processes loan payments, responds to borrower inquiries and manages escrow accounts.

How much is a mortgage?

The average mortgage is $840 to $1,200 per month. Most financial experts suggest keeping your mortgage payment below 30% of your monthly gross income and your total debt-to-income ratio less than 36%. Use our mortgage calculator to determine how much house you can afford.

Keep in mind that the total cost of a mortgage is more than just the price of your house. As you compare mortgage companies, consider closing costs, mortgage points and prepayment penalties.

  • Down payment: A down payment is the percentage of the total sale price that you give the property’s seller. Down payments can vary by loan type, location and lender. Mortgage insurance is typically required when you make a less substantial down payment.
  • Closing costs: Closing costs amount to 2% to 5% of the home loan and include application fees, lender fees, attorney fees, escrow deposits and fees, courier fees, homeowners’ association transfer fees, inspection fees and title insurance.
  • Mortgage points: Sometimes called discount points, mortgage points are optional fees paid to your lender in exchange for a lower interest rate. Each point is equal to 1% of the mortgage loan.
  • Prepayment penalties: A prepayment penalty is a fee that some lenders charge when a borrower pays their mortgage loan off early, either through refinancing or overpaying each month. The average prepayment fee is 80% of six months of interest.

Once you’ve covered all the upfront costs of a home loan, your monthly mortgage payments include principal, interest, taxes and insurance. In some cases, other regular expenses include homeowners association or condo fees.

  • Principal: The principal is the balance of your loan. Each month, your mortgage payment reduces the principal.
  • Interest: Interest is the amount you agree to pay your lender in exchange for a mortgage loan. Fixed interest rates stay the same through the term of the loan. Adjustable interest rate loans can increase without much notice.
  • Property taxes: Property taxes are often included in mortgage bills. Lenders keep your property tax payments in an escrow account until they are due and then pay them on your behalf.
  • Mortgage insurance: Mortgage insurance protects the lender if you stop making payments on your loan. The two types of mortgage insurance are private mortgage insurance (PMI) and mortgage insurance premiums (MIP). For conventional mortgages, you can avoid the need to pay for PMI by making a down payment of 20% or more. For FHA and other government-backed loans, you can avoid MIP by putting at least 10% down.
  • Homeowners insurance: Homeowners insurance covers damage from fire, storms, theft and other perils. Most lenders require homeowners insurance and charge premiums on your mortgage bills.

How to get the best mortgage rate

The easiest way to get the best interest rate is to compare multiple mortgage lenders and refinancing companies, according to the Consumer Financial Protection Bureau (CFPB). Other tips for getting a great mortgage deal include improving your credit, making a larger down payment, buying mortgage points and selecting an adjustable-rate mortgage loan.

  • Compare all mortgage options: As you shop around, get quotes from at least three lenders and be sure to consider all of your loan options — for example, USDA loans are ideal for those who live outside of an urban community. Remember that you can also negotiate with lenders to get better deals.
  • Improve your credit score: To get the best interest rate on your mortgage, you need to have excellent credit. Take the time now to pay off your credit cards and don’t take out any new loans while you’re getting ready to apply for a home loan.
  • Make a larger down payment: A larger down payment often gets you a lower interest rate. Try to save up for a 20% down payment to avoid having to pay private mortgage insurance (PMI). If you can’t put down 20%, shoot for at least 5%, since that is where you start seeing a decrease in interest rates.
  • Consider mortgage points: Mortgage points are optional upfront payments that reduce your interest rate. One point typically equals 1% of the loan. When interest rates are high, buying mortgage points can save you money in the long term.
  • Go for the ARM: You can usually get a better upfront mortgage rate by getting an adjustable-rate mortgage (ARM) rather than a fixed-rate mortgage. Keep in mind, though, that your monthly payments may increase after the fixed-rate period ends if you opt for an ARM.

How to apply for a mortgage

After you’ve checked your credit score, figured out how much house can you afford and researched the best mortgage lenders, it’s time for some paperwork. The application process varies depending on preapproval status and other factors, but everyone who applies for a mortgage generally goes through these five steps:

1. Collect important documents
Lenders want to verify information relating to your monthly income, credit reports and cash savings. You need W-2s or federal tax returns from the past two years and several months of pay stubs. Gather any statements about your assets or long-term debts, including car notes and student loans. Get your recent bank statements and a government-issued ID ready.
2. Fill out the application
Conventional mortgage loan applications are uniform across lenders — if you’ve seen one, you’ve seen them all. First, there is a box to check if you are applying with a spouse or co-borrower (if applicable, you both must sign). Then, you fill in the type of mortgage, interest rates and loan terms (fixed, graduated, adjustable or other).

The application asks for details about the property, including its original cost and present lot value. Lenders consider the loan-to-value ratio (LTV) — the loan amount divided by the appraised property value — to assess how risky your mortgage loan is in the current market.

The application also asks for personal and financial information to assess your debt-to-income ratio (DTI). You must provide details about your residence and employment history for the last two years and answer questions about your gross income and number of dependents. You must itemize all regular monthly expenses plus other liabilities or assets. Liabilities can include notes, child support and revolving account charges. Applicants are also required to disclose if they’ve filed for bankruptcy in the last seven years or if there are any outstanding judgments against them.

The best mortgage companies employ expert loan officers who can help with your specific financial situation. Finally, you (and a co-borrower, if applicable) must sign the application again at the bottom to acknowledge that the information provided is true.

3. Review Loan Estimates from several lenders
After a lender receives your application, you should get a Loan Estimate within three days. All lenders are required to use the same Loan Estimate, which makes it easy to compare interest rates, fees and projected monthly payments.
  • Loan amount: The total amount of money you borrow for the mortgage loan. This amount could go up if your lender rolls some of your closing costs into your loan.
  • Interest rate: The Loan Estimate indicates if the interest rate is adjustable or fixed. The total interest percentage (TIP) tells you the total amount of interest the loan requires. Make sure you’re getting the lowest interest rate possible, and hold on to your original Loan Estimate when it’s time to close to ensure you’re getting the same rate you were offered.
  • Monthly projected payments: This section of the Loan Estimate breaks down the amount you pay each month for principal, interest, mortgage insurance and the estimated escrow fees.
  • Origination fees: Mortgage lenders charge loan origination fees for services like mortgage application and underwriting. Origination fees are usually a small percentage (between 0.5% and 2%) of the total loan amount, though some mortgage lenders offer fixed fees of $1,000 or less.
4. Make a commitment
After you’ve compared rates and fees and found a trusted mortgage lender, it’s time to make a decision. It’s OK to take your time on this step, so don’t let a pushy loan officer make you feel cornered into a final decision. When you’re comfortable, contact the mortgage lender you like best and tell them you’re ready to buy a house.
5. Wait for approval
Remember the official mortgage application you filled out and had to sign twice? Once you commit to a lender, all that information is scrutinized. A processor pulls your tax records and confirms your income, and then an underwriter evaluates how risky it is to give you a loan. This process can take anywhere from a few days to a few weeks.

Keep in mind that it’s more difficult to get a mortgage now than it was before the Great Recession. Common reasons that mortgage applicants are unexpectedly denied a loan include leaving out crucial information on their application, inability to verify some portion of their income, a recent application for a personal loan or line of credit, job change or overdraft on a checking account.

If you are denied for a mortgage loan, you have the right to know why. You can ask your loan officer what went wrong, and they might give you advice — you might be able to still get the loan if you make a bigger down payment or get a cosigner. If all else fails, you can try to apply for a mortgage loan with another lender. If you’re approved, then closing is the next step toward homeownership.

Who are the best mortgage lenders near me?

Mortgage lenders in your city can help you with the ins and outs of the local market. We looked at our favorite companies across the U.S. to help you find a mortgage company near you.

Mortgage questions

What is a good mortgage interest rate?
With any mortgage loan, a lower interest rate is better. Depending on the type of loan you select, current interest rates range from about 2.5% to 8.5%. Mortgage interest rates vary from year to year and tend to be higher when the economy is doing well. Interest rates have increased since the Great Recession, and most homeowners pay about 4%.

A good fixed interest rate in 2020 is about 3.5% on a 30-year term or 3% on a 15-year term. Lenders charge less interest when you promise to repay the principal in less time. A good mortgage interest rate on an ARM is between 2.5% and 3.5%. Keep in mind that mortgage interest rates vary from lender to lender and also by state.

How do you get rid of PMI?
If you put down less than 20% initially, you can get rid of private mortgage insurance (PMI) once you build up 80% home equity. You can avoid PMI altogether by making a down payment higher than 20% of the property’s purchase price.

If your home’s value has increased to the point that you owe less than 78%, you can request that your lender removes PMI. To do this, you must pay for an appraisal to validate the increased value of your home. Many lenders won’t consider removing PMI until you have made payments for at least two years, so check with your bank or mortgage lender before getting an appraisal.

How do you get preapproved for a mortgage?
Lenders consider your credit history and current financial information to determine whether you can be preapproved for a mortgage. The most common documents required to get preapproved for a home loan include:
  • W-2 wage statements
  • Recent tax returns
  • Pay stubs
  • Credit report
  • Bank statements
  • Investment account statements
  • Monthly debt statements
  • Copy of your driver’s license
  • Social Security number

If you’re preapproved, you receive a mortgage preapproval letter with the loan amount for which you qualify. Each preapproval letter is valid for up to 90 days. A mortgage preapproval letter lets you start making offers on homes.

Getting prequalified is different from getting preapproved for a mortgage. Mortgage prequalification is a less formal process that gives you a general idea of how much of a loan you are eligible for. To get a mortgage preapproval, a lender examines your financial situation much more thoroughly to determine your maximum loan amount and interest rates.

Keep in mind that the mortgage lender pulls a hard inquiry on your credit when you apply for preapproval. Hard inquiries cause your credit scores to take a small dip, so only try to get preapproved when you’re serious about putting in an offer on a home.

Is it better to get a mortgage from a bank or mortgage company?
Depending on your circumstances, there are advantages to both banks and mortgage companies. Mortgage companies offer a more extensive range of loan products, but banks sometimes offer better rates and pricing. If you already have a good relationship with your local bank, you might have a better experience. If you want to compare several home loan options at once, a mortgage company saves you time.

Banks sometimes have stricter eligibility requirements, so riskier applicants typically get a better deal from a mortgage company. Mortgage companies are also required to disclose how much they make on your loan, which makes their prices and rates easier to compare.

If your credit score is less than ideal, you may not be eligible for a conventional mortgage through a bank. Mortgage companies often work with a vast network of lenders, so they can provide more options that cater to homebuyers with low credit scores or higher debt-to-income ratios.

When picking a mortgage provider, don’t be afraid to shop around. Getting multiple quotes from different companies and banks before you make a decision helps you find the best lender for your situation.

What is the easiest mortgage to qualify for?
Government-backed loans are the easiest mortgages to qualify for since they are the least risky for lenders. FHA loans, which are backed by the U.S. Department of Housing and Urban Development (HUD), are the most popular government-backed mortgage loans.

To qualify for an FHA loan, you only need a credit score of 580 and a minimum down payment of 3.5%. Those with credit scores below 580 can still qualify for an FHA loan if they can make a 10% down payment.

How do I find out who my mortgage lender is?
To find out who your mortgage lender is, look on your mortgage statement. Most mortgage contracts give your lender the right to resell your loan to another servicing company. If this happens, it can be confusing to tell who currently owns your mortgage loan. Ask your mortgage servicer (the number is on each monthly mortgage statement) or look it up online through the Mortgage Electronic Registration Systems (MERS).

What are the best mortgage lenders?

Our favorite mortgage lender: AmeriSave Mortgage

amerisave mortgage
Accredited Partner
  • Min. credit score: 600 - 620
  • Min. down payment: 3%


AmeriSave is a direct mortgage lender that serves 49 states and Washington, D.C. Prospective borrowers can compare accurate quotes (not estimates) and apply for preapproval online. Each approved applicant is paired with a dedicated loan officer throughout the loan process. Qualified borrowers can close in as little as 25 days.

  • Purchase loans: Fixed, adjustable, FHA, USDA and jumbo
  • Refinancing options: Cash-out, rate and term

Borrowers can find current rates, mortgage calculators and other educational tools on AmeriSave’s website. AmeriSave is one of the best lenders for home loans because it offers a rate match guarantee — If you find a better rate after securing a loan with AmeriSave, the company either matches the competitive rate or gives you $1,000.

Great mortgage lender for refinancing: ClearPath Lending

clearpath lending
Accredited Partner
  • Min. credit score: 580 - 620
  • Min. down payment: 0% - 5%


ClearPath Lending is a direct lender with competitive refinancing rates. ClearPath offers several mortgage refinance products to lower or switch your interest rate, shorten the length of your term and cash out your home equity. Prospective customers can find out if they prequalify online and use the free mortgage refinance calculator tools to help make their decision.

  • Purchase loans: Fixed- and adjustable-rate conventional, jumbo, FHA and VA
  • Refinancing options: Rate and term, cash-out, FHA Streamline and VA IRRRL

ClearPath loan experts can also help put you in touch with local real estate agents. Unfortunately, the company is not available in Washington, Oregon, Wyoming, Kansas, Utah, Oklahoma, South Dakota, North Dakota, Arkansas, Missouri, Iowa, Mississippi, Kentucky, West Virginia, New York, Vermont, Maine, New Hampshire, New Jersey or Rhode Island.

Great mortgage lender for first-time buyers: BOK Financial Mortgage

bok financial mortgage
  • Min. credit score: 620
  • Min. down payment: 5%


BOK Financial Mortgage loans start with an online application. All you have to do is upload the necessary documents and e-sign the applications. Consumers can preapply for a loan via the HomeNow online application system and close within 21 days.

  • Purchase loans: FHA, VA, USDA, Native American Home Loan, Lock and Build Program, conventional and jumbo
  • Refinancing options: Rate and term, cash-out, HELOC

Once an application is approved, a BOK loan officer reaches out to discuss the next steps and answer questions. BOK Financial Mortgage’s website also offers comprehensive answers to questions consumers might have about their loans.

mr cooper
Accredited Partner
  • Min. credit score: 580 - 620
  • Min. down payment: 3% - 3.5%


Mr. Cooper is a great option for people looking for mortgages. Prospective homebuyers can find out if they prequalify online, and it’s easy to manage mortgage applications through Mr. Cooper’s user-friendly mobile app. Mr. Cooper also partners with the Xome network of real estate agents to offer exclusive savings on real estate transactions.

  • Purchase loans: Fixed rate, adjustable rate, conventional, jumbo FHA and VA
  • Refinancing options: Cash-out debt consolidation, FHA Streamline and VA IRRRL

Existing Mr. Cooper customers are eligible for rate discounts, and customers can request personalized rates over the phone or online. Mr. Cooper charges most borrowers a flat-rate origination fee of $995. Borrowers aren’t charged fees for online payments.

21 mortgage corporation
Accredited Partner
  • Min. credit score: 575
  • Min. down payment: 0% - 5%


21st Mortgage Corporation provides financing for new and used manufactured homes. Minimum loan amounts are $21,549 for person-to-person lending and $13,468 if you are purchasing from a retailer. There are no prepayment penalties, and closing costs and most third-party fees can be financed.

  • Purchase loans: Fixed rate
  • Refinancing options: Term and cash-out

21st Mortgage loan experts can also help you find pre-owned mobile homes for up to 40% below market value. Down payment may be in the form of cash, trade or land equity. 21st Mortgage Corporation services are not available in Arkansas, Hawaii, Massachusetts, New Jersey or Rhode Island.

network capital funding
Accredited Partner
  • Min. credit score: None
  • Min. down payment: 0% - 5%


Network Capital Funding doesn’t require a minimum credit score in most states. However, there are some waiting-time requirements if you have bankruptcies, short sales and foreclosures on your credit history. Network Capital Funding also specializes in mortgage refinancing programs for debt consolidation, home improvements or personal use.

  • Purchase loans: Fixed and adjustable conventional, VA, FHA, HomeReady and HomePossible
  • Refinancing options: Cash-out programs, VA IRRRL and FHA Streamline

Qualified borrowers are eligible to pay $0 lender fees, including application, origination, processing and underwriting. The Network Capital Funding application process is simple, and loan officers help you gather all the necessary documents. Some applicants can close in a few as 15 business days.

gateway first bank
  • Min. credit score: 580
  • Min. down payment: 0% - 3.5%


Gateway First Bank is one of the biggest privately held mortgage lenders in the U.S. In addition to purchase and refinance loans, Gateway First Bank offers investor products and special loan programs to qualified borrowers, including renovation and build loans; bonds and down payment assistance programs; and condo and manufactured home loans.

  • Purchase loans: Conventional, FHA, VA, USDA, Fannie Mae’s HomeStyle, FHA, FHA 203(k), FHA 203(h), one-time close construction, lot loans, investor’s advantage program, jumbo, jumbo buster, piggyback, non-qualifying mortgages, expanded ratio and doctor loans
  • Refinancing options: Cash-out refinance, VA IRRRL

Investor products can help homebuyers, landlords and house-flippers develop a real estate portfolio of properties, including multi-unit properties, condos and Planned Unit Developments (PUDs). Maximum loan amounts are up to $2.5 million. Gateway Mortgage Group is not available in all states.

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    Compare Reviews for Top Mortgage Lenders

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    Read 5 Reviews

    Direct lender. Offers VA, jumbo, FHA loans and more. Refinancing services available. Uses mello smartloan technology. Get your mortgage completely online. Works with local agents.

    Fannie Mae
    Read 112 Reviews

    Affordable mortgages for homebuyers and refinancing for homeowners. Works with middle- and low-income families. One of two leading government-supported market stimulators that help make housing accessible to more families.

    Jersey Mortgage Co.
    Read 466 Reviews

    Direct mortgage lender. Serves New Jersey, New York and Connecticut. Offers several loan options, refinancing and reverse mortgages. Provides flexible loans and promises competitive rates and fees.

    Capital One Mortgage
    Read 122 Reviews

    Serves existing loans but does not write new loans. Offers refinancing, reinstatement, repayment and modification plans for homeowners who need help keeping up with mortgage payments.

    Network Funding
    Read 15 Reviews

    10-minute application process via the Simpl app. Closings in 10 days. Has a philanthropic division, The Giving Network, that helps give back to homes and families. $20+ billion in loans completed since launching.

    Household Finance
    Read 140 Reviews

    Now part of the HSBC, this corporation provides a variety of home finance solutions, including real estate secured loans and home mortgages. It operates in the United States, Canada and the United Kingdom.

    First Meridian Mortgage Corporation Read Reviews

    Mortgage broker. Serves Virginia, Maryland and D.C. Offers a variety of loan products, including refinancing options with zero closing costs and home improvement loans. Debt consolidation available.


    Online mortgage lender. Work with a team of mortgage professionals. Only offers loans on home purchases. Uses its own Home Financing Score. Get personalized rates.

    Ditech Financial
    Read 3,270 Reviews
    Out Of Business

    This lender offers fixed and adjustable rates plus FHA, VA and manufactured home loans. Minimum down payment of 3.5% and a minimum credit score of 580 required.

    by Michele Lerner Mortgage & Real Estate Contributing Editor

    Michele Lerner, author of “HOMEBUYING: Tough Times, First Time, Any Time”, has been writing about personal finance and real estate for more than two decades. Michele writes for regional, national and international publications in print and online for a variety of audiences including consumers, real estate investors, business owners and real estate professionals.