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Sunday, 13 March 2022

Which are the best mortgage lenders in America? Find out at a glance

Which are the best mortgage lenders in America?

If you’re in the market for your first home or you’re looking to refinance your existing one, then knowing which are the best mortgage lenders to use would be handy, right?

Well, in this article you’ll find 10 of the best mortgage lenders in America that you can choose from.

Read through the list, pick out your favourites and see what mortgage deals you can get!

The 10 Best Mortgage Lenders in America

The list of American mortgage lenders and figures mentioned below have been compiled from various sources around the web, such as, &

These are the 10 best mortgage lenders in America:

10. Penny Mac

Best Mortgage Lenders - PennyMac

The first mortgage lender on our list is Penny Mac.

Founded in 2008, Penny Mac is a top national mortgage lender who aims to provide customers with a range of innovative mortgage solutions.

They primarily focus on online lending and offer a complete range of loans, including conventional, FHA, VA, investment property and Jumbo loans, with really low-interest rates.

Unlike a lot of lenders, Penny Mac claims that they’ll not sell your loan to any other service provider once you close, instead, they’ll service your loan until the end of its duration. This gives you some peace of mind, knowing that you’ll always be speaking with them.

Penny Mac has over 1.5 million customers, 3,500+ employees and are currently based in 14 locations throughout America.

9. Citi Mortgage
Best Mortgage Lenders - Citi Mortgage

Citi Mortgage is related to Citi Bank, which is one of the largest banks in America.

They’re well known for being able to offer loans to almost anyone that can qualify, mainly due to their sheer size.

However, in order to compete with larger competitors, Citi Mortgage has decided to invest in a brand new online mortgage origination system. They hope that the system will vastly improve their mortgage application and borrowing process, which is more than likely considering most things are done online now.

As well as helping potential mortgage applicants understand what they can afford to borrow, Citi Mortgage also works closely with the White House’s SCRA benefits outreach program for active and retired military service members.

This program allows approved homeowners, that have been in or are currently serving in the military, to make reduced affordable monthly payments.

If you have a low income and or deposit, FHA and VA loans could be a good option for you. Citi Mortgage has good options for these types of loans that could be worth exploring.

8. Guaranteed Rate
Best Mortgage Lenders - guaranteed Rate

Guaranteed Rate offers a variety of different loans, from conventional, FHA, VA, Jumbo, Fixed-rate and Interest only.

They have launched a “Digital Mortgage” which claims that an application can be completed in as little as 10-15 minutes.

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They also claim that 96% of their customers would recommend them to a friend or family member.

Their website is easy to navigate and within a short period of time, you’ll be able to find out exactly what you’re able to borrow using their online mortgage calculator. You can also compare the latest current interest rates.

After that, if you want more information or help, you can check out their knowledge centre. It’s packed full of useful resources and guides, on everything from home buying to mortgage and refinancing processes.

7. New American Funding
Best Mortgage Lenders - New American Funding

The next mortgage lender to make it on our list is New American Funding.

These guys provide a direct top lending service, offering conventional, FHA and VA loans.
A lot of other lenders application processes use computer algorithms to determine the outcome of your application. This is not the case with New American Funding. So your chances of obtaining a mortgage could be higher if you try your luck with this mortgage lender as you know it’s a real person reviewing your application.

6. Chase
Best Mortgage Lenders - Chase

If you’re looking for a more traditional setup, i.e, using a high street bank for your mortgage, then getting a mortgage with Chase could work for you.

Chase Bank is one of the biggest banks in the world and a top mortgage provider.

If you’re someone that likes to do things in person, likes a traditional structure and want’s good customer service, then Chase could be a good way to go.

5. SoFi
Best Mortgage Lenders - SoFi

SoFi, or Social Finance, first started out as a student loan refinancing company but quickly grew into a much larger loan provider that offers other types of loans, such as mortgages.

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Similar to how mortgage lenders, like New American Finance, look at other aspects of your application, SoFi also look into other areas of your financial situation to determine their decision.

For example, they’ll look at what college degree you have and your future earning potential, which could make a big difference to how much you can borrow overall.

Their process is pretty straight forward and can be done 100% online.

You’ll start by filling out a pre-qualification form which doesn’t impact your credit score.

After that, you’ll be presented with all the options that you’re eligible for, and you can pick your favourite and expect to hear your application decision within 30 days.
3. Lenda
Best Mortgage Lenders - Lenda

If you’re after a quick and easy to use online mortgage lender that doesn’t require a ton of paperwork, then Lenda is worth a look.

They’re an online-only mortgage provider that offers quick and easy pre-qualifications and refinancing estimates through their website.

2. Lending Tree
Best Mortgage Lenders - Lending Tree

Looking for a mortgage online and then comparing them online can be frustrating at times.

Well, LendingTree, Americas largest online lending marketplace, makes it as simple as possible to compare all your different mortgages options.
Within minutes of completing your application, you could have up to five different loan offers at your disposal.

LendingTree allows you to shop for competitive rates whilst comparing the results in a simplified format, easy to digest format.

1. Quicken Loans
Best Mortgage Lenders - Quicken Loans

Coming in at number one on our list of the best mortgage lenders in America is Quicken Loans.

They’re the biggest mortgage lender in the United States and make the mortgage application process super easy for applicants online.

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