Real Estate

Editor’s Pick: 5 Conventional Mortgage Lenders to Do Business With

5 Conventional Mortgage Lenders to Do Business With

Selecting a lender is a significant decision. Based on research carried out, below are the finest conventional mortgage lenders.

  • Top Choice: Quicken Loans®

Quicken Loans is known for its excellent customer service. J.D. Power has given it the highest customer satisfaction rating for Primary Mortgage Origination and Mortgage Servicing. This means you’ll get excellent service throughout the mortgage process.

Quicken Loans’ Rocket Mortgage platform enables a digital mortgage procedure. Anyone can communicate with loan professionals via chat or over the phone. Quicken Loans also has a wealth of instructional tools on its homepage to help potential clients and existing customers understand their mortgage options.

This firm provides traditionally fixed and adjustable-rate mortgages, as well as FHA, VA, and jumbo loans.

  • Online Presence: New American Funding

It was impossible to start or handle a mortgage application online once upon a time. However, one can now complete the entire process online in the present market. Go through New American Funding’s website to discover more about their mortgage programs and how they process your request.

FHA, USDA, VA, conventional, Non-QM, and I CAN mortgages are available to match your needs. Make the loan specific to your needs. Qualify using unusual methods. Make every effort to obtain the home of your dreams. For more information, send an email or call the company, ensuring that you can receive a mortgage without reaching their physical office. It is so easy that customers can now monitor their applications or active mortgages through the firm’s app.

  • Top Traditional Bank: Bank of America

If you like dealing with a traditional bank, Bank of America offers a blend of in-person service and digital capabilities, making it a fantastic pick as a conventional mortgage lender. You have the freedom to select what makes the most sense for you. If you want more personalized treatment, you can chat with a credit officer at a branch near you.

You can also use the internet to prequalify and finish your whole mortgage application or call a financing representative. On its website, Bank of America also provides educational tools and suggestions. It offers traditionally fixed- and adjustable-rate mortgages, as well as jumbo mortgages, FHA, and VA loans. It also gives a low- and moderate-income house buyer a proprietary mortgage.

  • Top Service: LoanDepot

With over 150 offices across the country, it’s simple to locate a loanDepot loan officer near you. LoanDepot stands out because it has an astringent no-steering policy. Its specialists are unable to guide you toward one loan over another simply because it benefits the lender. Their role is to assist you in selecting the best loan for your needs.

Do you want to use a digital mortgage platform? If you decide to go that route, loanDepot can help you discover one. It’s registered in every state, so you can simply manage your mortgage procedure whether you’re residing in one region and buying in another.

LoanDepot offers customizable and fixed-rate conventional mortgages, as well as jumbo mortgages, FHA, and VA home loans.

Understand that while loanDepot does not disclose its rates publicly, you can acquire a tailored quote by visiting their website.

  • Veteran Top Choice: Veterans United

Veterans United has a long history of providing excellent service. It is only open to members of the military services and their families, as well as workers of the Department of Defense. While you might assume Veterans United specializes in VA loans, it also offers mainstream and bespoke home loans.

Veterans United also provides the option of locking in a rate. This implies taking advantage of reduced interest rates if they improve before you close. To be eligible, your loan must close within 60 days of your first-rate lock.

The Author

Oladotun Olayemi

Dotun is a financial enthusiast who specializes in first-in-class financial content, including crypto, blockchain, market, and business, to educate and inform readers.