The 10 Best Mortgage Lenders in America (2021)

What are the best mortgage lenders in America?

If you are in the market for your first home or you are looking to refinance your existing one, then knowing what the best mortgage lender to use is, right?

Well, in this article you will find the 10 best mortgage lenders in America that you can choose from.

Read through the list, choose your favorite and see what mortgage deals you can get!

10 Best Mortgage Lenders in America

The list of American mortgage lenders and the figures below are compiled from various sources around the web, such as, and

Here are the 10 best mortgage lenders in America:

10. Penny Mac

Best Mortgage Lender - Penimac

The first mortgage lender on our list is Penny Mack.

Founded in 2008, Penny Mac is a top national mortgage lender, aiming to provide customers with a range of innovative mortgage solutions.

They mainly focus on online loans and offer a full range of loans including traditional, FHA, VA, investment property and jumbo loans with really low interest rates.

Unlike a lot of lenders, Penny Mac claims that they will close your loan once before selling it to another service provider, instead, they will service your loan until the end of its term. This gives you mental peace, knowing that you will always speak with them.

Penny Mac has over 1.5 million customers, 3,500+ employees and is currently based in 14 locations across the US.

9. City Mortgage

Best Mortgage Lender - City Mortgage

Citi Mortgage belongs to Citi Bank, one of the largest banks in the US.

They are well known for being able to offer loans to almost anyone who can qualify primarily because of their sheer size.

However, to compete with larger competitors, Citi Mortgage has decided to invest in a new online online mortgage origination system. They hope that the system will greatly improve their mortgage application and borrowing process, which is more than likely considering most things to be done online.

As well as helping potential mortgage applicants understand what they can borrow, City Mortgage works closely with the White House’s SCRA Benefits Benefit Program for active and retired military service members.

The program allows approved homeowners, who have been or are currently in military service, to reduce their monthly payments.

If you have low income and or deposits, FHA and VA loans may be a good option for you. City mortgages have good options for these types of loans that may be worth exploring.

8. Guarantee Rate

Best Mortgage Lenders - Guaranteed Rate

The guarantee rate offers a variety of loans ranging from traditional, FHA, VA, jumbo, fixed-rate and interest only.

They have launched a “digital mortgage” that claims an application can be completed in 10-15 minutes.

They also claim that 96% of their customers would recommend them to a friend or family member.

Their website is easy to navigate and within a short period of time, you will be able to find out what you can borrow using your online mortgage calculator. You can also compare the latest current interest rates.

After that, if you want more information or help, you can check their knowledge center. It is full of useful resources and guides on everything from buying a home to mortgaging and refinancing processes.

7. New American Funding

Best Mortgage Lender - New American Fund

The next mortgage lender to make it on our list is New American Funding.

These people provide a straightforward loan service providing traditional, FHA and VA loans.

They are an independent mortgage lender headquartered in Orange County, California, dedicated to helping families and individuals improve living standards through homeownership.

Their goal is to “help you save money on your mortgage”.

They help you find out how much money you can borrow, advise you on refinancing, and provide other useful information on how to get a mortgage.

If you have a bad credit score, or are self-employed, these people may be a good option for you.

The reason for this is that they check all their applications manually, so they can consider other important factors such as high income or substantial amount of savings.

A lot of other lenders use application process computer algorithms to determine the outcome of your application. Not so in the case of New American funding. So if you know that this is a real person reviewing your application, you may be more likely to get a mortgage.

6. chase

Best Mortgage Lender - Chase

If you are looking for a more traditional setup, ie, using a high street bank for your mortgage, then getting a mortgage with Chase may work for you.

Chase Bank is one of the largest banks in the world and a top mortgage provider.

To get a mortgage from them, you will need to go to a branch and have a face-to-face meeting or two with a mortgage broker.

He has more than 5,300 branches across the US and claims that nearly half of Americans are on his books in one form or another. This can be in the form of bank accounts, credit cards or business accounts.

They also provide an industry-leading mobile application and online web service to easily manage your mortgage or any other Chase products you use.

If you are someone who likes to do things in person, prefers a traditional structure and wants good customer service, then Chase can be a good way to go.

5. Sophie

Best Mortgage Lender - SoFi

Sophie, or Social Finance, first started as a student loan refinance company, but quickly evolved into a much larger loan provider that offers other types of loans, such as mortgages.

Just like mortgage lenders like New American Finance, look at other aspects of your application, Sophie also pay attention to other areas of her financial situation to make her decision.

For example, they will look at which college degree you have and what your future earning potential is, which can make a big difference in how much you can borrow overall.

Their process is very straight forward and can be done 100% online.

You will start by filling out a pre-qualification form that does not affect your credit score.

After that, you will be presented with all the options you are eligible for, and you can choose your favorite and expect to hear your application decision within 30 days.

If you’re wondering why you should choose SoFi, consider that they offer cheaper down payments, plus 10% less, very competitive rates, around 1,000 basic fees for non-members and $ 500 for members. , And whenever you need help you need it through their online support system.

4. LoanDipot

Best Mortgage Lender - Loan Depot

If you are looking to refinance, LoanDepot should be an idea.

They make refinancing as easy and simple as it can possibly be, but also offer a variety of mortgage options.

The company has funded over $ 70 billion in refinancing mortgages so far and is very generous when it comes to fees.

They waive refinance fees and reimburse the appraisal fee for all future refinances after their first refinance deal with you.

Also, unlike a lot of other mortgage lenders in the US, LoanDepot loan officers have not encouraged you to move in any direction or toward a specific product at all. Their loan officers do not receive any incentives, so you can be confident that their recommendations are genuine.

Refinancing can be a good option in many circumstances, however, if this is something you want to do, make sure you talk to a mortgage lender like LoanDepot for good, reliable information.

3. Marigold

Best Mortgage Lender - Lenda

If you want to use a quick and easy online mortgage lender that does not require a ton of paperwork, Lenda is worth a look.

They are an online-only mortgage provider that offers quick and easy pre-qualification and refinance estimates through their website.

Known for its excellent customer service, Lenda offers a concierge service that is completely paperless.

Their digital system clearly states and indicates what you need to send them and which documents may be missing. All you have to do is follow this procedure, upload the correct documents and Landa will do the rest.

When buying a home, every penny matters, and often a lot of money can be spent on origination and broker fees, but this is not the case with Lenda.

They do not charge any fee for this work, instead to remain competitive with interest rates.

At the moment, the lenda is still growing, so you might not be able to use their deals because they are not in every state yet.

However, it is likely to change soon rather than continue with his success.

2. Credit tree

Best Mortgage Lender - Lending Tree

Looking for a mortgage online and then comparing them online can be frustrating at times.

Well, LendingTree, America’s largest online lending marketplace, makes it as simple as possible to compare all your different mortgage options.

After a few minutes of completing your application, you can offer up to five different loans at your disposal.

If you wish, you can also submit an online request for a traditional, FHA or VA loan.

If you are still not sure of the options that are given to you, or you need some help in general, their website provides a ton of useful information and guides for the various steps in the home buying process is.

LendingTree allows you to shop for competitive rates while comparing results in a simple format, the format is easy to digest.

1. Instant Loans

Best Mortgage Lender - Instant Loans

Coming in at number one on our list of the best mortgage lenders in the US is Quen Loans.

They are the largest mortgage lender in the United States and make the mortgage application process super easy for online applicants.

Through their strategic online advertising and TV campaigns, they managed to achieve nationwide exposure and increase the number of their loans.

Their website is simple, and almost instantly allows you to identify your lending potential using a calculator on their homepage.

Once you fill in some basic information, the calculator will give you the option to get your own custom rates, which have been a time-consuming thing in the past.

Also, during the application process, you are able to connect your bank account and let your system do all the work on its own!

Overall, most mortgage applicants prefer to go with a quick loan as they make the application process easy, quick and hassle free.


We hope you have enjoyed our list of the 10 best mortgage lenders in the US of 2019.

When choosing a mortgage lender be sure to do your homework. As you have seen from our list, there are plenty of options in 2020, so be sure to choose some of your favorites from the list and test them before making a final decision.

A mortgage is a big thing, so spending time to find the best mortgage lender is worth your time.

Here is a quick recap of the 10 best mortgage lenders in America:

  1. Loaned out
  2. Credit tree
  3. Lenda
  4. Londepot
  5. Sophie
  6. The chase
  7. New american funding
  8. Guarantee rate
  9. City mortgage
  10. Penny mac

Which American mortgage lender is your favorite? Please leave a comment below.

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