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Compare Home Loan Lenders in February 2024

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Best for customer satisfaction

Rocket Mortgage

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Begin Application on Rocket Mortgage's Secure Site
5.0
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Customer Satisfaction

Rocket Mortgage has been ranked #1 by JD Power for customer service for 11 years, which is based entirely on client feedback collected by the independent research firm

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Overall, getting a refinance through Rocket Mortgage can be a good option for those who prefer a fast, streamlined, and convenient online experience. However, if you prefer a more personalized approach or have specific questions or concerns, you may want to consider a lender with more hands-on service. As with any financial decision, it's always best to compare rates and terms from multiple lenders to find the best deal for your situation.
Pros and Cons
pro
Online Application
pro
Fast Pre-Approval
pro
Multiple Refinance Options
con
Limited Personal Interaction
con
Fees
con
Credit Requirements
Benefits
  • Loans customized to your needs
  • Fast streamlined application
  • Millions of satisfied borrowers
Best for comparison shopping

ItsHome

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4.5
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Find potential lenders on itsHome's secured site
Comparison Shopping

The path to home ownership doesn’t have to be confusing. Shop lenders and expand upon your home buying expertise all in one place.

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The path to home ownership doesn’t have to be confusing. Shop lenders and expand upon your home buying expertise all in one place.
Pros and Cons
pro
Ease of Comparison
pro
Wide Range of Offers
con
Limited Availability
con
Not a lender
Benefits
  • We make shopping for lenders more personalized
  • Compare current estimated rates so you can make a more informed home buying decision
  • Easily compare lenders, estimated rates, and benefits all on one page
Best for competitive rates

AmeriSave

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Begin Application on Amerisave's Secure Site
4.5
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Begin Application on Amerisave's Secure Site
Competitive Rates

Amerisave offers competitive interest rates, and you can easily compare rates and terms to find the best deal.

Quicken Compare Review
Getting a refinance through Amerisave can be a good option for those who want a no-nonsense, streamlined online experience with competitive rates and no lender fees. However, if you're looking for more specialized loan products or prefer more personal interaction with a lender, you may want to consider other options.
Pros and Cons
pro
User-Friendly Interface
pro
Competitive Rates
pro
No Lender Fees
con
Limited Loan Options
con
Limited Personal Interaction
con
Strict Credit Requirements
Benefits
  • Get rates and prequalified in 3 minutes!
  • No SSN and no impact to credit
Streamlined Online Experience

New American Funding

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4.0
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Begin Application on New American Funding's Secure Site
Streamlined Online Experience

New American Funding offers a streamlined online application process that can be completed 100% online

Quicken Compare Review
Getting a home loan through through New American Funding can be a good option for those who want a streamlined online experience with competitive rates. However, if you're looking for more specialized loan products or prefer a more personalized, hands-on approach to the home loan process, you may want to consider other options.
Pros and Cons
pro
Competitive rates
pro
100% online application available
con
Fees
con
Credit Requirements
Benefits
  • Get home loan pre-approved in as few as 24 hours
  • ‘Buyer Accepted Program’ for competitive buyer advantage
Best for a streamlined online experience

Morty

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Begin Application on Morty's Secure Site
4.0
Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

VIEW RATES
Begin Application on Morty's Secure Site
Streamlined Online Experience

Morty offers a streamlined online application process that can be completed in as little as 10 minutes, with clear and simple instructions for each step of the process.

Quicken Compare Review
Getting a home loan through Morty can be a good option for those who want a streamlined online experience with competitive rates and no lender fees. However, if you're looking for more specialized loan products or prefer a more personalized, hands-on approach to the home loan process, you may want to consider other options.
Pros and Cons
pro
Streamlined Online Experience
pro
Competitive Rates
pro
No Lender Fees
con
Limited Loan Options
con
Limited Availability
con
Credit Requirements
Benefits
  • Our technology powers a marketplace like no other
  • Our licensed team of Mortgage Loan Officers provide a hassle-free home financing experience
  • Access services and tools that make buying a home affordable for you – even as rates fluctuate

Buying a home is a long term commitment. When you do so, you’re most likely going to have a mortgage for many years, one should look around for a great home loan lender. To do that, you want to shop around for offers from a few different lenders.

You’ll need to compare mortgage rates as well as other loan terms such as customer service offerings, the availability of online loan tracking and application process, time to close, and total loan amount. Taking the time to browse around can save thousands of dollars throughout the loan.

Before you house shop, you should still get preapproved. You want to check your credit score and make sure your credit history is accurate before you take the plunge.   To help you find a home loan lender for you, we’ve selected some based on their fees, terms, and mortgage rates. So continue reading, and we’ll walk you through everything you need to know about finding the best mortgage lenders for you in February 2024.

Rocket Mortgage

Rocket Mortgage is a well-known home loan lender with widespread TV and online advertising campaigns that tout the benefits of its signature online product. According to 2019 data, Rocket Mortgage is the largest loan originator and originated more than $140 billion in mortgages for that year. They surpassed their previous record of $96 billion, which was set in 2016.

There’s a reason why Rocket Mortgage is one of the biggest home loan lenders around. They make applying through this mortgage company online very easy for the consumer, and they are also available nationwide. Plus, they offer attractive rates, which helps them to solidify their position at the top.

Their online lending application is particularly attractive because it doesn’t come with the same red tape that a lot of traditional home loan lenders require. For example, there’s not much physical paper involved, and you don’t have to type in all of your accounts. Most of that stuff happens automatically with Rocket Mortgage when you connect your bank accounts.  The process of filling out the application is fast and straightforward, which is appealing to some customers.

SoFi

Social Finance, or SoFi for short, began as a student loan refinancing company. Quickly, the business grew into other loan products of personal finance, home loans included. This lender also looks into more than just your credit score when it comes to lending. They also include considerations like earning potential and valuable college degrees.

To begin the lending process at SoFi, you must first go through a prequalification that takes only a few minutes to complete and doesn’t impact your credit score. From that point, you can pick the loan you want and finish all of your paperwork. Like traditional loans, it generally takes around thirty days to complete the mortgage application and get funded by the lender.

This lender offers 15-year and 30-year fixed loans. They also offer 5/1 interest-only ARM and 7/1 ARM loans. SoFi doesn’t lend for most investment properties, and they mainly focus on owner-occupied first and second houses.
For members, the origination fee at SoFi is $500. For non-members, it will cost $1,000.

loanDepot

If you’re looking for refinancing, then you should consider LoanDepot. They make the whole refinance process smooth and straightforward. This lender is so famous for refinancing, in fact, that it has funded billions of dollars worth of mortgage loan refinancing.

They also reimburse appraisal fees and waive refinance costs for all future refinances after the first time you refinance with LoanDepot.

There are a variety of reasons to consider a refinance – whether it’s because you want to pull out cash for an upgrade, have a more expensive home, more income, or have better credit. So long as it’s going to save you money in the long run, it’s typically not a bad idea to refinance at a lower interest rate.

New American Funding

If you have a low credit score and find yourself self-employed, you should consider using the services from New American Funding. That’s because New American Funding looks at every application they get manually before they deny or approve a loan.

Since every loan is reviewed manually, loan officers might look at other factors, such as high-income and good savings. No matter the state of your finances, New American Funding requires that an applicant have a minimum of a 620 credit score to get approved.

After you get approved, you should be able to improve your credit score by paying your mortgage on-time every month. As time goes on, you might achieve a credit score that’s high enough to refinance your loan at a lower interest rate.

Reali (Formerly Lenda)

Reali is another popular member of the online based home loan industry. They offer an easy and fast prequalification process and also provide quick refinancing estimates through their website. However, they thankfully don’t provide their customer service exclusively through the Web.

Reali has a concierge service that can help you through the lending process from beginning to end. The process is paperless and transparent. Anyone who is even a little tech-savvy will feel both familiar and comfortable doing this.
One of the most frustrating parts of mortgage borrowing is all of the paperwork and finding missing documents to give to the lender. The digital system that Reali provides makes it clear about what you have to send in. They also offer updates to what you’re missing, so you won’t have your funding or approval held up due to a misplaced document or form.

Bank of America

Being one of the biggest banks in the world certainly comes with some advantages that other institutions can’t afford, especially when it comes to mortgage lending. Bank of America offers multiple loan options and high-tech customer service.

Bank of America offers many options of refinancing and purchase loans, including adjustable-rate mortgages with 5/1, 7/1, 10/1, and 15-, 20- and 30-year fixed-rate loans. It also issues government-insured mortgage products such as Veterans Affairs (VA) and Federal Housing Administration (FHA) loans plus jumbo loans up to $5 million.

Bank of America also has multiple programs that are meant to make homeownership more affordable for first-time and lower-income homebuyers.

These programs include:

  • Up to $7,500 in lender credit for expenses like recording fees and title insurance
  • Up to $10,000 in closing cost and down payment assistance
  • Two mortgage products with 3% minimum down payments: the Freddie Mac Home Possible mortgage and the Affordable Loan Solution mortgage

The digital mortgage experience from Bank of America allows you to apply, get prequalified, and also lock in your interest rate online through its mobile app or website. You might even be able to get preapproved on the same day that you apply.  If you’re a Bank of America customers already, then your financial data and contact information will auto-populate on the digital application, thus saving you time. You can also apply in-person or over the phone if that’s something you would prefer.  The Home Loan Navigator portal from Bank of America helps you stay plugged in throughout the borrowing process.

Guaranteed Rate

You can make lower payments every month with an interest-only loan than with a conventional, traditional loan. But to get that lower payment, you don’t make any progress in paying off the principal and building equity in your house. Because of this, interest-only loans usually aren’t the ideal option.

If you want to apply for an interest-only mortgage, you should check out Guaranteed Rate. This home loan lender has exceptionally high customer satisfaction and offers interest-only mortgages in all 50 states and Washington, D.C.  Just make sure that you’re aware of the downsides of interest-only loans before you apply for one.

Busey Bank

Busey Bank is a big mortgage lender based in Saint Louis, Missouri. This bank delivers traditional Midwest business pride along with their award-winning customer service rankings. It also has offices in Illinois, Missouri, Florida, and Indiana.

Busey may not be the biggest lender out there, but they offer a variety of adjustable and fixed loans as well as loans through the VA and FHA mortgage loan programs. The history of Busey bank dates back to 1868, making it one of the longest existing lenders on this list.

PennyMac

Even though PennyMac isn’t related to the large lenders Fannie Mae and Freddie Mac, it’s still a name you should probably know if you’re looking for an FHA loan with a low down payment. PennyMac is a direct lender, and they are mainly an online-focused lending institution.

PennyMac offers a range of loans, including traditional, jumbo, USDA, VA, and FHA loans. For people who have a low down payment, especially first-time homebuyers, you might find a better experience and excellent rates with this West Coast-based lender.

Navy Federal Credit Union

Navy Federal is ideal for members of the military and their families. Credit union members can select a wide range of refinancing and purchase loans, including mortgages with low or no down payment requirements.
For families who have to relocate every couple of years, Navy Federal’s various adjustable-rate loan options can be especially useful. There are two cornerstone loans geared to military members and their families from Navy Federal: the Military Choice Mortgage and the  HomeBuyers Choice Mortgage.

The HomeBuyers Choice program is for first-time home buyers. This program offers fixed-rate loans of 15 or 30 years with no mortgage insurance premiums and up to 100% financing.  According to the lender, the Military Choice program has the same benefits as the HomeBuyers Choice. It has special pricing on origination fees and mortgage interest rates for veteran and active-duty borrowers.

The Importance of Knowing About the Best Home Loan Lenders

As we can see, there are a lot of different mortgage lenders out there. By expanding your knowledge base of the various lenders available to you, you can make more informed decisions about your financial future and find the best home loan lender for you.

IMPORTANT DISCLOSURES:
We are an independent, advertising-supported comparison site. The matches to services that appear on this site are based on a variety of factors, including geography, licensing, filter criteria, and compensation paid (by them).
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We only accept requests for matching for U.S. Citizens on this Website and specifically exclude all other jurisdictions.
To the extent that ratings or evaluations appear on this site, such rating is determined by our subjective opinion and based on a methodology that aggregates a number of factors, including but not limited to, our analysis of brand market share and reputation, each brand’s consumer volume, compensation paid to us, and general consumer interest.
Rocket Mortgage is one of our top providers as it received the highest score in the J.D. Power Mortgage Origination Satisfaction Studies of customers’ satisfaction with their mortgage origination process 2010-2020, and 2022. See jdpower.com for more information.
This site, and its family of companies, and Rocket Mortgage, and its related businesses are separate operating subsidiaries of RKT Holdings, LLC.
Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable legal and regulatory requirements.
Quicken is a registered service mark of Rocket Mortgage, LLC, used under license by LMB OpCo
QuickenCompare, a LMB Mortgage Services, Inc. company, is not acting as a lender or broker. The information provided by you to QuickenCompare is not an application for a mortgage loan, nor is it used to pre-qualify you with any lender. If you are contacted by a lender or broker advertising within our network, your quoted rate may be higher depending on your property location, credit score, loan-to-value ratio, debt-to-income ratio, and/or other factors. QuickenCompare does not offer its matching services in all states. This loan may not be available for all credit types, and not all service providers in the QuickenCompare network offer this or other products with interest-only options. The information that we provide is from companies which QuickenCompare and its partners may receive compensation. This compensation may influence the selection, appearance, and order of appearance on this site. The information provided by QuickenCompare does not include all financial services companies or all of their available product and service offerings.

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Quicken Compare Score

The Quicken Compare score is based on multiple factors such as the most popular choice, consumer feedback and our internal evaluation. The score is unbiased and its goal is to provide you with a relative recommendation of offers as you compare the brands listed in our marketplaces. We do receive monetary compensation if you utilize the brands listed which allows us to keep this service free.

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Quicken Compare, a LMB Opco, LLC company, is compensated by third-party advertisers, however, any opinions, analyses, reviews or recommendations expressed in editorial content are of the author alone and have not been reviewed, approved, or otherwise endorsed by the advertiser. We make every effort to provide up-to-date information, however we do not guarantee the accuracy of the information presented. Consumers should verify any terms and conditions with the institution providing the products. Articles may contain some sponsored content, content about affiliated entities or content about clients in the network. QuickenCompare does not include all lenders or offers available in the marketplace. The content displayed on QuickenCompare or in this video does not provide legal, financial, accounting or tax advice. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.