Know Your Options: Find the Right Mortgage Lender for You
The lending landscape is a crowded field. We’re here to help you make sense of it all.
So whether you’re looking to purchase a new home, refinance or take cash out of your house, your first stop should be one of the lenders below.
Best for Purchase: Lending Tree
- Highest rating for customer service
- Fill out one application and get 5 free quotes
- Network of 350+ lenders
Why go with LendingTree?
Lending Tree is an online mortgage marketplace that functions like travel and other online comparisons shopping sites by allowing you to compare multiple offers from its network of 350+ lenders.
The advantage here: Submit one application and easily shop around without having to wade through dozens of forms.
Best for Home Equity: Quicken Loans
- Real-time quotes
- Fast approval
- Highest in the nation for client satisfaction
Why go with Quicken Loans?
Quicken is the largest online mortgage lender in the country. They offer a variety of options for lowering your monthly mortgage payment. Plus, if you aren’t comfortable with a fully online process, they have 3,000 home loan experts available to answer any questions.
The advantage here: Quicken Loans provides just about all the services your neighborhood lender does — with online convenience and speed.
Best Direct Lender: JG Wentworth
- Personalized matching technology
- Entire process can be completed online
- Minimum credit score: 600
Why go with JG Wentworth?
Thanks to an excellent range of fixed-rate term options, J.G. Wentworth’s mortgages are a top choice for borrowers looking for a steady payment schedule and long-term stability. J.G. is also known for excellent customer service and has 14 branches across the U.S.
The advantage here: With their industry-leading technology and mortgage experts on hand, Quicken Loans provides just about all the services your neighborhood lender does — with online convenience and speed.
Online lenders will continue to eat up market share from more traditional mortgage lenders. The convenience, combined with the ease of shopping around, fast approval and lower closing costs, is something traditional lenders still need to figure out a way to solve, or risk getting left behind. If you’re looking for more information on the best mortgage lenders, check out our expert reviews