10+Best mortgage lenders in 2023

When you set out to get a mortgage, you’ll find many options, from well-known banks to online lenders. Here are many picks for the best mortgage lenders, including borrower requirements — so you know which you might qualify for — and loan terms, so you can figure where you might get the best deal.

10+Best mortgage lenders in 2023

Top 10+ mortgage lenders

1.Better mortgage

Availability Available in all U.S. states
Loans offered Conventional, jumbo, FHA
Credit requirements 620 for conventional and FHA loans
Down payment minimum 3% for conventional loans; 10.01% for jumbo loans; 3.5% for FHA loans
Where to find Online
  • No fees
  • Can close as fast as three weeks
  • No VA or USDA loans
  • No home equity lines of credit (HELOCs) or home equity loans (second mortgages)

2. Direct Home Lending mortgage

Availability Available in AZ, CA, CO, CT, FL, GA, OR, PA, SC, TX and WA
Loans offered Conventional, jumbo, FHA, VA
Credit requirements 620 for conventional loans; 680 for jumbo loans; 580 for FHA loans; 600 for VA loans
Down payment minimum 5% for conventional loans; 3.5% for FHA loans; none for VA loans
Where to find Branch locations and online
  • Can close as fast as two weeks
  • No USDA loans
  • No HELOCs or home equity loans

3. Fairway Independent Mortgage 

Availability Available in all U.S. states
Loans offered Conventional, jumbo, FHA, VA, USDA
Credit requirements 620 for conventional and USDA loans; 680-720 for jumbo loans; 600 for FHA and VA loans
Down payment minimum 3%-5% for conventional loans; 20% for jumbo loans; 3.5% for FHA loans; none for VA or USDA loans
Where to find Branch locations and online
  • No HELOCs or home equity loans

4. Navy Federal Credit Union mortgage 

Availability Available in all U.S. states
Loans offered Conventional, jumbo, VA
Credit requirements 620 for conventional and VA loans
Down payment minimum 5% for conventional loans; none for VA loans
Where to find Branch locations and online
  • Can close as fast as 30-35 days
  • No FHA or USDA loans
  • No HELOCs or home equity loans
  • Limited to armed forces members and families

5. Optimum First Mortgage 

Availability Available in AZ, CA, CO, FL, GA, ID, IL, MI, OH, OR, PA, SC, TN, TX, VA and WA
Loans offered Conventional, jumbo, FHA, VA
Credit requirements 620 for conventional loans
Down payment minimum 5% for conventional loans; 10% for jumbo loans; 3.5% for FHA loans
Where to find Online
  • Credits to offset fees
  • Can close as fast as 10 days
  • No USDA loans
  • No HELOCs or home equity loans

6. Veterans United Home Loans mortgage 

Availability Available in all U.S. states
Loans offered Conventional, jumbo, FHA, VA, USDA
Credit requirements 620 for conventional and VA loans
Down payment minimum 5% for conventional loans; 3.5% for FHA loans; none for VA and USDA loans
Where to find Branch locations and online
  • Can close as fast as 30-45 days
  • No HELOCs or home equity loan

7. Ally Bank mortgage 

Availability Available in all U.S. states
Loans offered Conventional, jumbo
Credit requirements 620 for conventional loans; 700 for jumbo loans
Down payment minimum 3%-5% for conventional loans; 10% for jumbo loans
Where to find Online
  • No fees
  • Can close as fast as 25-45 days
  • No FHA, VA or USDA loans
  • No HELOCs or home equity loans

8. Bank of America mortgage 

Availability Available in all U.S. states
Loans offered Conventional, jumbo, FHA, VA
Credit requirements 620 for conventional loans; 680 for jumbo loans
Down payment minimum 3%-5% for conventional loans
Where to find Branch locations and online
  • Can close as fast as 30-45 days
  • No USDA loans
  • Offers HELOCs

9. eClick Lending mortgage 

Availability Available in 49 U.S. states (not available in NY)
Loans offered Conventional, jumbo, FHA, VA, USDA
Credit requirements 620 for conventional loans
Down payment minimum 3% for conventional loans; 3.5% for FHA loans; none for VA and USDA loans
Where to find Online
  • Can close as fast as two weeks
  • No HELOCs or home equity loans

10. LowRates.com mortgage 

Availability Available in all 50 U.S. states
Loans offered Conventional, jumbo, FHA, VA, USDA
Credit requirements 620 for conventional loans; 700 for jumbo loans; 500 for FHA and VA loans
Down payment minimum 3% for conventional loans; 3.5% for FHA loans; none for VA and USDA loans
Where to find Online
  • No fees
  • Can close as fast as 20 days
  • Offers HELOCs and home equity loans

11. Old National Bank mortgage 

Availability Available in 46 U.S. states (not available in AK, HI, MD and NJ)
Loans offered Conventional, jumbo, FHA, VA, USDA
Credit requirements 620 for conventional loans
Down payment minimum 3% for conventional loans; 3.5% for FHA loans; none for VA and USDA loans/td>
Where to find Branch locations and online
  • Can close as fast as three weeks
  • Offers HELOCs and home equity loans

12. Sage Mortgage 

Availability Available in 26 U.S. states
Loans offered Conventional, jumbo
Credit requirements 620 for conventional loans
Down payment minimum 5% for conventional loans
Where to find Online
  • Can close as fast as 27 days
  • Broker with access to multiple wholesalers

13. Wyndham Capital Mortgage 

Availability Available in 47 U.S. states (not available in HI, MA or NY)
Loans offered Conventional, jumbo, FHA, VA, USDA
Credit requirements 620 for conventional loans; 580 for FHA loans
Down payment minimum 3% for conventional loans; 3.5% for FHA loans; none for VA and USDA loans
Where to find Online
  • No fees
  • Can close as fast as 20 days
  • Offers home equity loans

How to compare mortgage lenders

Your first step to finding the best mortgage lender is to comparison shop. Borrowers who do more upfront research tend to save more money than those who go with the first lender they find. It’s best to get quotes from three lenders, at minimum. Because rates fluctuate frequently, it’s best to get these quotes on the same day so you have an accurate basis of comparison.

As you compare loan estimates, look at the APR (annual percentage rate) and interest rate quoted by each lender. Consider what’s important to you as far as experience, too. For some, how fast a lender can turn around a preapproval letter or close a loan is critical. If you have specific needs or financing preferences — for example, you want an FHA loan — you might also want focus on  the top mortgage lenders who specialize in those products.