4 Best Mortgage Lenders – Lending Roundup Client
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You might think all Federal Housing Administration lenders are the same. But even when you’re looking for an FHA loan, it’s always smart to shop at least three lenders before taking out a mortgage. Mortgage rates, origination fees, appraisal fees and other costs to borrow can vary substantially between lenders, and you should look until you find a lender that meets your needs. Remember, the lender you choose will affect how fast you can close, how much you pay and, ultimately, whether you can buy the home you want.
» MORE: Monitor your credit score
When choosing an FHA lender — for purchase or refinance — consider which factors matter most to you: Some borrowers want the lowest possible monthly payment, some want a shorter term on their mortgage, and some want the lowest closing costs they can find.
NerdWallet has picked some of the best FHA lenders in a variety of categories so you can quickly determine which one is right for you.
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
4 Best Mortgage Lenders – Lending Roundup Client
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | National / regional ▾ ▾ | Learn more |
|---|---|---|---|---|
620 | Regional | |||
640 | National | |||
620 | Regional | |||
4.0 /5Refinancing Best for FHA loans | 620 | Regional | See Offers at GO Mortgage |
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- Why we like itBB&T excels in online convenience and offers a good variety of loan types, but has a limited physical presence outside the Southeast.Pros
- Offers a variety of low-down-payment mortgages as well as construction mortgages.
- Website lets users estimate rates online by loan and property type, amount and location.
- Has an online mortgage application.
ConsRead full review- Branches limited to mostly the Southeast region.
- Does not offer FHA loans.
- Why we like itConnexus boasts low-down-payment conventional loans and makes mortgage rate information readily accessible online, but doesn't offer government-backed mortgages.Pros
- Offers a range of fixed-rate and adjustable-rate mortgages in most states.
- Displays sample rates for its entire array of loan products, and you don't need to provide personal information to get a custom rate quote.
ConsRead full review- Doesn't offer FHA, VA or USDA loans.
- Lacks document upload and online loan tracking capabilities.
- Why we like itFast Forward Home Loans offers a digital-first experience and a standard array of loan options, but doesn't publish rate information.Pros
- Offers a variety of digital conveniences including an online application and regular updates on the loan process.
- Has a bank-statement option for self-employed borrowers.
ConsRead full review- Must contact a loan officer for a rate quote.
- Not available in all 50 states.
- Doesn't offer home equity loans or HELOCs.
- Why we like itGO Mortgage is a full-service mortgage lender and servicer. The company has direct access to premium loan products and terms within the industry. Customer service is GO Mortgage’s top priority and it consistently delivers on its promise of excellence by leveraging the latest mortgage financing technology. GO Mortgage provides a complete set of home loan options including, purchase money, refinance, renovation and new construction financing and operates as a Fannie Mae Direct Seller/Servicer, Freddie Mac Direct Lender and Ginnie Mae Securities Issuer.Pros
- Offers a variety of refinance mortgage options.
- Has a fully-digital mortgage application process.
Cons- Does not publish refinance rates; you must contact the lender for customized rates.
- Does not offer adjustable-rate mortgages.
More from NerdWallet
Compare FHA mortgage rates
Calculate FHA mortgage payments
Review FHA loan requirements
* Minimum credit score on top loans; other loan types or factors may selectively influence minimum credit score standardsNerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
Last updated on August 1, 2023
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Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
NerdWallet's Best Mortgage Lenders – Lending Roundup Client
- BB&T (Truist): Best for overall mortgage experience
- Connexus: Best for VA loans
- Fast Forward Home Loans: Best for jumbo loans
- GO Mortgage: Best for FHA loans
