Online credit counseling program available for borrowers with poor credit history It also features reviews so users can read about experiences other customers have had with each lender. LendingTree also offers plenty of educational resources regarding mortgages and loans, including a glossary of loan terminology, current rates for all types of home loans, several calculators and a national loan officer directory. Finally, you’ll be contacted by up to five lenders with preliminary quotes. LendingTree then runs a soft credit check and uses your FICO score to match you with lenders. To start the process, you’ll need to provide your social security number and information about your income, assets, education, debts and work history. You can compare offers online through a simple three-step process that consists of answering a series of questions, comparing offers side-by-side and discussing your options with a loan officer. LendingTree lets you compare mortgage products from over 1,500 lenders.
Why we chose this company: LendingTree’s (NMLS #1136) large network of lenders and straightforward quote comparison process make it our pick for the best marketplace. HIGHLIGHTS Type of Loans Purchase, Jumbo, Refinance, Fixed, Adjustable, FHA, VA, USDA (specifics vary by lender) Minimum Down Payment Varies by lender Minimum Credit Score ~585 (recommended) You could receive multiple phone calls or emails from different lenders competing for your business In addition to the usual 15- and 30-year mortgage term lengths, the lender offers flexible terms between eight and 29 years through its unique YOURgage program.įinally, if you’re looking for a low down payment, Rocket has options - some loans allow first-time homebuyers to put as little as 3% down.Ĭompare offers from over 1,500 lenders in minutesĬomprehensive learning resources available Rocket is the largest retail lender in the country by loan volume, offering a variety of mortgage options, including conventional mortgages, FHA, VA and jumbo loans. Primary Mortgage Origination Satisfaction Study. This means customers get consistent support from start to finish.ĭon’t just take our word for it: Rocket ranked second in customer satisfaction in J.D.
Moreover, Rocket services 99% of the mortgages it originates instead of handing customers off to another company as is the industry norm. Customers in all 50 states can fully process their loan online but are also able to speak with one of the company’s 3,000+ mortgage bankers 24/7.
Why we chose this company: Rocket Mortgage (NMLS: #3030), formerly known as Quicken Loans, stands out for its quality of customer experience. HIGHLIGHTS Type of Loans Purchase, Jumbo, Refinance, Fixed, Adjustable, FHA, VA Minimum Down Payment 3% Minimum Credit Score 620 No home equity loans or home equity lines of credit available
Representatives are available every day of the week First-time homebuyers can pay as little as 3% downīest in customer satisfaction in J.D.
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