Who are the best mortgage lenders?
Because no two borrowers have the same needs, the “best” mortgage lender will be the one with the most options available to you. Low rates, flexible credit score requirements, being able to deliver documents electronically or in person, and having a variety of loan products available are all important. Using these and other factors, we determined that Quicken Loans/Rocket Mortgage, Veterans United, Guild Mortgage, Navy Federal, Caliber Home Loans, Bank of America and Better Mortgage are some of the best mortgage lenders in the market.
What is the average mortgage rate?
As of the week ending October 22, 2021, the average rate for a 30-year fixed-rate mortgage was 3.09%, according to Freddie Mac. Note, however, that these rates change quickly and often and the rate you’ll get will depend on your credit history, among many other factors.
To answer some of the questions in this section, we contacted Tim Lucas, Managing Editor for The Mortgage Reports; Jason Sharon, mortgage broker, US Navy Veteran, and owner of Home Loans, Inc; and Andy Harris, owner of Vantage Mortgage Group, Inc.
How We Chose the Best Mortgage Lenders
Our rankings were determined based on the following categories: