One of the biggest decision of our life is to get a house and it brings in a lot of responsibility when you
buy a house. When you want to buy a house on mortgage then this could be one of your biggest
financial decision of life, so you should work accordingly and try to find the best rates so that it could not
be hectic for you in the future.
Many people are afraid to buy a house on mortgage due to the increasing rates of mortgages but if you
are one of them who still want to buy a house then you should work before you buy a house. You should
compare rates of different lenders so that you could save the most money. To help you in this regard,
today I have come up with a list of lenders that can help you a lower rate. So starting from the 1 st ,
1- Loan Depot
One of the biggest mortgage lender companies is Loan Depot with a Trustpilot rating of 8.1 out of 10.
The company was founded in 2010 and from that time the company has helped many people to get a
mortgage loan on a lower rate. According to the site, the company has paid over 100 billion dollars to
people in mortgage loans or mortgage refinancing. The company offers a variety of loans such as
Adjustable-Rate mortgage, VA loan, FHA loan, Jumbo Mortgage and fixed rate mortgage. The company
has over 1700 loan officers so if you want to get a loan, you can contact with one of their agents and
one of the best thing about loan depot is that their agents does not work on commissions that means
they will provide you the information that is best for you. This loan agent will work with you till the end
of your loan.
On Loan Depot, you have to pay an origination fee and that could lie in between 1% to 5%. If you have a
lower credit score then you will have to pay higher percentage. This is one of the best company to get a
loan from as it provides all the services and one of the best thing about this company is that, you will get
a chance to refinance your loan in the future.
2- Rocket Mortgage
One of the best companies to get a mortgage this year is rocket mortgage. The company is a bit new in
the mortgage lending business but it has gained a lot of fame and they have a very high Trustpilot rating
that is 9.2 out of 10. You can get a VA Loan, Fixed Rate or Adjustable Rate Loan, Jumbo Loan and FHA
Loan with this company. If you already have a mortgage, you can also refinance that loan with this
If you have low amount of money then this company is best to consider because the company will pay
you a mortgage with a low down payment of 3%. This company has one of the easy process to buy a
home, you can take all the information from their app that makes it easy. Another benefit is that if you
are getting an FHA or VA loan then your origination fee will be as low as 1%. That is a very low amount
of origination fee. In other cases, the origination fee may be up to 5%.
If you want to take a loan, you will have to download the app and provide all the required information.
One of the best thing about the process is that all the process takes place online so no need to visit to
the banks as your elders used to do to get a mortgage.
The company has a very user friendly platform that makes it easy and fast. The company is preferred if
you want to take your loan as soon as possible. Although you will have to need to fulfil certain
requirements but this platform is preferable.
3- Citi Mortgage
Citi Mortgage is one of the brick and mortar companies that you can consider for taking a mortgage. The
company is in business since 1979 and is parented by the famous Citi Bank. On this site, you can have
many different options for buying a home. With Citi Mortgage, you can take FHA Loan, Jumbo Loan,
Fixed or Adjustable Rate Loan or VA Loan.
It is easy to get a mortgage loan with Citi Mortgage because they do not have strict requirements to
fulfill like the others. If you have a low credit score then this might be the option you are looking for
because this company does not only looks upon the credit score to check your trust worthiness. Aother
reason for considering Citi Mortgage is that they support self-employed people and work with them to
get a mortgage unlike the other lender’s that have strict policies for self-employed persons.
If you are a customer of Citi Bank then this can benefit you because they have a relationship pricing
program in which they provide a discount on interest rate. You can get to company or can use their site
to take a loan. A downside of this company is that you will have to pay an application fee of $100 that
you will have to pay.
With all of these benefits, Citi Bank could be the option to be considered for a mortgage.
4- Caliber Home Loans
Another company to consider to get a mortgage this year is Caliber Home Loans. The company is in
business since 2013 and is famous in all the country because it provides almost all type of home loan
services. The company also provides loans for renovation along with a mortgage for a new home. You
need to consider this company if you have a low credit score because the company even provides to
people with lower credit scores.
With Caliber Home Loans, you can get a Jumbo Loan of up to $2.5 million with only a down payment of
5%. Apart from that you can get fixed rate loans for Home renovation or if you have a lower score and
you have less amount to pay as down payment. Other than these types of loans, you can also get a VA
loan, FHA loan or USDA Loan.
If you want to get a loan, you can visit one of the branch of the company to get a quote. If you cannot
find a one, you can check their website or you can even contact to one of their agents that will guide you
about the process. You can complete all the process online due to their user friendly website and it is
very safe and convenient to do so. They accept almost 94% of their applications so you have a very
higher chance of getting a mortgage with this company.
One of the drawback of this company is that after sometime you have got a mortgage, your loan will be
bought by another company and this can make it difficult to keep things in order.
With all the benefits and one of the best customer service, the company is a good choice to take. You
can consider this company even if you have a bad credit score.
5- US Bank
US Bank is one of the largest bank of the United States that is provides the services in all the states of
the country and has branches in almost half of the states of the US. With US Bank, you can get VA Loan,
FHA loan, Jumbo Loan, Fixed or Adjustable Rate Mortgage and construction loans. You can also
refinance your current mortgage loans with this bank. Other than that, you can also get home equity
loans with this bank.
If you want to take a loan with this bank, then you have to visit their branch or you can also go through
the online process through their site. One of the benefits of using this bank is that they do not have any
application fee but you will have to pay a closing fee. With the online facilities and the branch facilities,
it makes it easy to get a loan and get your queries resolved with this bank.
US Bank is a bank with both the old and new ways to get a loan that makes it an option to consider for a
mortgage. Also they work to provide you the best possible interest rates with a number of different
types of loans.
So these are some of the companies and banks that you can consider this year to take a mortgage. Now
it is not as difficult as it was in the past to take a mortgage and with an access of companies providing
the services, you can take a mortgage loan even with a lower credit score. Do comment in the section
below and let us know if you have any queries regarding the article because we would love to hear from
you. Best of luck!