What Are The Top Mortgage Lenders?

WHAT ARE THE TOP MORTGAGE LENDERS? Are the numerous mortgage lenders in the market making it hard for you to find a reliable lender?

There are multiple factors to consider when selecting the best mortgage lender. Top mortgage lenders need to offer a wide range of products, have competitive rates and in-depth expertise.

We understand how daunting and overwhelming it is to sift through numerous mortgage lenders in the market to find a trustworthy one. Our guide consists of the top mortgage lenders and how they compare. Here are the top mortgage lenders; 1. Guild Mortgage Are you searching for the best mortgage lenders as a first-time homebuyer? Guild Mortgage is an ideal option to consider. Guild mortgage has different mortgage options which allow for downpayment assistance.

They also offer government-backed loans like VA and FHA loans. In addition, their low credit score requirements make them a suitable consideration for first-time homebuyers. Although their services are across Washington DC, they do not originate loans in New York or New Jersey.

2. Homebridge Financial Services The customer service reviews from previous clients make Homebridge Financial Services appear on our list. One of the company's goals is to offer a clear, transparent, and straightforward mortgage lending process for everyone, a goal they have reached up to.

Homebridge Financial services offer numerous mortgage loan products, including harder-toaccess options like jumbo loans. They provide loan packages for investment properties and second homes too.

3. CMG Financial The hardest part of getting a mortgage loan is saving enough to meet the down payment, especially young buyers. CMG Financial is among the best mortgage lenders because of its two special programs which help young buyers overcome the down payment challenge.

They have a HomeFundit program and Freddie Mac BorrowSmart program that contributes towards your down payments. Furthermore, they are a good choice when looking to get a jumbo loan as they offer as much as $5 million loans with a 10% down payment.

4. New American Funding With noticeably low average mortgage rates, New American Funding has become popular.

Although you can get your conventional loan application approved with a credit score of 620, you will need a higher credit score to secure other types of loans.

Fortunately for you, New American Funding prides its services in transparency. The company reviews each application uniquely. Therefore, if you have a low credit score, they may create an exemption for you and approve your mortgage if there is a reasonable reason.

5. PNC Bank If you are searching for online mortgage lenders, PNC Bank may be an excellent place to start.

Their online efforts are extraordinary compared to most lenders. PNC Bank boasts a user-friendly website with numerous educational resources to help you make informed borrowing decisions.

Additionally, their website makes it effortless to submit an online application. Thus, you can use your phone or computer to apply. Alternatively, when possible, you can visit their offices and experience their top-notch customer service.

6. American Pacific Mortgage If you are unsure of the type of loan you need, the vast options available at the American Pacific Mortgage are well-suited for everyone's needs. They also allow you to get pre-approved as you continue with a property search helps attain a fast closing. Therefore, you can beat the highly competitive real estate market.

American Pacific Mortgage greatly allows for flexibility as there are unique loans you can get based on the value of your assets instead of income. You can also get a loan to help you buy a new home while waiting for your old one to sell.

7. Bank of America This is probably a name you have heard and know well. Bank of America is the most popular financial institution in the United States, and for the right reasons. It holds a solid reputation for fair pricing and reasonable fees.

Bank of America offers better mortgage rates compared to numerous lenders in the market.

Additionally, they also have grant programs to help first-time homebuyers get their new home.

8. Navy Federal Credit Union Military personnel has unique needs as they constantly move from one town to another.

Additionally, they are uniquely qualified to apply for a mortgage with a 0% down payment as their loans are guaranteed by their respective Veteran administration. Navy Federal is a lender that understands military homebuyers' needs and makes a category for them.

So, as a military home lender, you can opt for the Navy Federal.

They have different loan types, and you can enjoy the lowest mortgage rate due to their no-cost lock feature. Additionally, they allow online document uploads and verification, making the process less tedious.

9. Ally Home Among the reputable online mortgage lenders is Ally Home, run by Ally Bank. Ally Home is a mortgage lending company that operates in more than Washington D.C and 30 other states.

Despite being an online lender, it offers various mortgage products like refinancing options, jumbo, and conventional loans. They have competitive rates and reasonable fees.

Why Get a Rate Remains Your Top Mortgage Lender?

We have reviewed the nine top mortgage lenders above. However, Get a Rate still has a competitive edge compared to the lenders above in different ways. Below is how they compare; Lender

Home Loans

Equity USDA Loans

Get A Rate Guild Mortgage Homebridge Financial Services CMG Financial New American Funding PNC Bank

Yes No No

Yes Yes Yes

Interest Rates Website Yes No No

and Rates Within on Government Limits

Yes Yes

Yes No

No Yes

Yes No

Yes

Yes

No

Yes

Yes Yes Yes

American Pacific Yes Mortgage Bank of America Yes Ally Home No

Yes

No

Yes

No No

Yes Yes

Yes Yes

Get a Reliable Mortgage Quote Today Have you been to local mortgage lenders but still can't get a favorable quote? Although most mortgage lenders have a webby with a mortgage calculator, the quotes are often unreliable, which could cause inconveniences.

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Have questions? Great! We have answers. Our team is here to help make getting a mortgage easy.