- Better.com – Best online lender
- AmeriSave Mortgage Corporation – Best for refinancing
- HSBC Bank – Best bank lender
- Reliant Home Funding – Best non-bank lender
- Cardinal Financial Company – Best for low-credit score borrowers
Bankrate helps thousands of borrowers find mortgage and refinance lenders every day. To determine the top mortgage lenders, we analyzed proprietary data across more than 150 lenders to assess which on our platform received the most inquiries within a three-month period. We then assigned superlatives based on factors such as fees, products offered, convenience and other criteria. These top lenders are updated regularly.
Better.com – Best online lender
Better.com, also known as Better Mortgage, is an online mortgage lender, ranked one of Bankrate’s best mortgage lenders overall and best online lenders, and available in the majority of states in the U.S.
Strengths: With Better.com, you can get rate quotes in seconds and preapproved for a 15-year or other type of mortgage in as little as three minutes. Its proprietary technology speeds up the process for borrowers and automatically applies discounts, if available, to maximize your savings on a 15-year loan. The lender doesn’t charge any fees, either.
Weaknesses: Better.com doesn’t offer VA or USDA loans, and doesn’t have branch locations, which can be a downside if you’d rather meet with a loan officer in-person.
Read Bankrate's Better.com mortgage review
AmeriSave Mortgage Corporation – Best for refinancing
AmeriSave Mortgage Corporation is an online lender, licensed in almost every state, that offers 15-year fixed-rate mortgages and several other loan types. It was named one of Bankrate’s top online lenders and best FHA lenders this year.
Strengths: Among the perks of its website, AmeriSave Mortgage Corporation offers a historical look at its 30- and 15-year fixed (and seven-year adjustable) rate trends.
Weaknesses: The lender charges a $500 non-refundable application fee.
Read AmeriSave Mortgage Corporation review
HSBC Bank – Best bank lender
HSBC Bank is a bank and lender with approximately 200 locations across the U.S. and an extensive global footprint. The bank offers a multitude of mortgage products, including 15-year fixed-rate loans.
Strengths: HSBC Bank displays interest rates and APRs on its website, which can make it easy to do comparisons. The bank also participates in several low-down payment loan and assistance programs.
Weaknesses: You can only apply by phone or by visiting a branch (though you can start the prequalification process online), and mortgage products aren’t available in Alaska or West Virginia.
Read Bankrate's HSBC Bank reviews
Reliant Home Funding – Best non-bank lender
Reliant Home Funding is a mortgage lender headquartered in Melville, New York, offering loans in New York and a few other states.
Strengths: Reliant Home Funding’s 1st Approve program grants conditional approvals, completed by an underwriter, to prevent the issues that can arise with a preapproval in which the lender hasn’t fully assessed the borrower.
Weaknesses: If you’re outside of Colorado, Connecticut, Florida, New Jersey, New York or Pennsylvania, you’ll have to shop elsewhere for a mortgage.
Read Bankrate's Reliant Home Funding reviews
Cardinal Financial Company – Best for low-credit score borrowers
Cardinal Financial Company, which also does business as Sebonic Financial, makes mortgages in all 50 states, including both fixed- and adjustable-rate loans ranging from 10- to 30-year terms.
Strengths: Cardinal Financial has closed loans in as few as seven days (but the typical timeline is 30 days), and can accept credit scores as low as 620 for a conventional loan, 580 for an FHA or USDA loan, 550 for a VA loan and 660 for a jumbo loan. This can be ideal if your credit needs some work.
Weaknesses: If you’re hoping to compare Cardinal Financial’s 15-year mortgage rates with those of other lenders, you’ll have to contact the lender directly; this information isn’t listed on its website.
Read Bankrate's Cardinal Financial Company mortgage review