Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."
Buying a home is stressful. Fortunately, choosing the right mortgage lender can help alleviate that stress.
A mortgage lender known for its good service, low rates, and a variety of loan options, can ensure your home purchase goes both smoothly and affordably.
Credible is partnered with some of the best home loan lenders in the country. As you shop around for your upcoming home purchase, make sure to use Credible and compare loan options from our partner lenders below.
Let’s take a look at Credible’s partner lenders:
1. Caliber Home Loans
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Types of loans the lender offers
Whether or not the lender has an origination fee
Whether or not the lender offers online prequalification on their site
The minimum down payment that is required
Credible makes getting a mortgage easy
Compare rates from top mortgage lenders today.
If you’re looking for a wide range of mortgage options, Caliber Home Loans can help. The lender offers everything from conventional loans to FHA, USDA, VA, and even renovation-specific mortgages.
Pros
- Lots of loan options
- Handy mobile app
- Brick-and-mortar branches for those who need more assistance
Cons
- No publicly available rates
- No HELOCs or home equity loans
Read Credible’s full review of Caliber Home Loans for more details.
2. LoanDepot
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Types of loans the lender offers
Whether or not the lender has an origination fee
Whether or not the lender offers online prequalification on their site
The minimum down payment that is required
Credible makes getting a mortgage easy
Compare rates from top mortgage lenders today.
LoanDepot is an online mortgage lender that specializes in fast closings — it claims to be up to 50% quicker than the industry average. It’s also the No. 8 VA mortgage lender in the country, issuing nearly 32,000 VA loans just last year.
Pros
- Fast closings
- Lots of VA experience
- Online-based process
Cons
- No USDA loans available
- Can’t see rates or fees without creating an account
Read Credible’s full review of LoanDepot for more details.
3. Rocket Mortgage
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Types of loans the lender offers
Whether or not the lender has an origination fee
Whether or not the lender offers online prequalification on their site
The minimum down payment that is required
Credible makes getting a mortgage easy
Compare rates from top mortgage lenders today.
Rocket Mortgage is a tech-driven mortgage lender that lets you apply for your mortgage wholly online or via its mobile app. Its parent company, Quicken Loans (which services Rocket’s mortgages), was ranked the top mortgage servicer for customer satisfaction last year by J.D. Power.
Pros
- Transparent about rates
- Easy, online-based application process
- Good customer service
Cons
- Online-based application process may not be ideal for non-salaried borrowers
- No ARMs (adjustable-rate mortgages)
Read Credible’s full review of Rocket Mortgage for more details.
Other mortgage lenders to consider
These aren’t the only mortgage lenders you can consider by any means. For more potential mortgage options, see below.
Keep in mind that these lenders are not Credible partners.
| Lender | Details |
|---|---|
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, FHA, USDA, jumbo, non-QM Credit score: 620 (FHA, conventional), 680 (jumbo) Down payment: 3% (conventional), 3.5% (FHA), 10% (jumbo) |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, FHA, VA, USDA, jumbo Credit score: 620 Down payment: Contact lender |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, FHA, VA, jumbo Credit score: Contact lender Down payment: 3% (conventional), 3.5% (FHA), 0% (VA), contact lender for jumbo requirements |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, FHA, VA, jumbo, Chase DreaMaker Credit score: Contact lender Down payment: 5% to 20% (conventional), 3.5% (FHA), 20% (jumbo), 0% (VA), 3% (Chase DreaMaker) |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, FHA, VA, USDA, jumbo Credit score: Contact lender Down payment: 3% (conventional), 3.5% (FHA), 0% (USDA, VA) |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, FHA, VA, jumbo, USDA Credit score: Contact lender Down payment: 3% (conventional), FHA (3.5%), 0% (USDA, VA) |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: VA, VA jumbo loans Credit score: 640 Down payment: 0% |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, VA Credit score: N/A Down payment: 5% (conventional), 0% (VA), 0 to 10% (ARMs) |
Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional (fixed-rate only) Credit score: Contact lender Down payment: 5% |
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Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
| Loan types: Conventional, FHA, VA, USDA, jumbo Credit score: Contact lender Down payment: 3% |
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See: What You Need to Know About Working With a Mortgage Broker
Frequently Asked Questions
Is now a good time to buy a home?
The best time to buy a house will vary from person to person. Generally, it’s a good time to buy if your finances are healthy and you’re in a relatively steady place in life.
This might mean you:
- Have decent credit
- Have a handle on your debt
- Are clear on where you want to live for the next few years
- Are in a steady job or have other stable income
These conditions all lend themselves to a more successful — and affordable — home purchase.
Learn More: How to Buy a House: Step-by-Step Guide
How much home can I afford?
Properly estimating your budget is critical if you want to ensure you can afford your home. Experts generally recommend spending no more than 30% of your monthly income on housing, so tally up your earnings and work backward.
You’ll also want to factor in things like insurance, maintenance, HOA dues, and other fees that come with buying a home. And, of course, don’t forget the savings you’ll need for your down payment and closing costs.
Use Credible’s monthly payment calculator below to see how much home you can afford:
Enter your loan information to calculate how much you could pay
With a $ home loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the mortgage.
What do I need to qualify for a mortgage?
Exact mortgage qualifications vary by program and lender. Typically, lenders will look at your credit, debts, down payment, and the property you’re buying to determine eligibility.
Here’s a general look at what you may need to qualify for a mortgage loan:
- Credit score: FHA loans require between a 500 to 580 credit score, depending on your down payment. With conventional loans, you can expect to need at least a 620 credit score or higher.
- DTI: Your debt-to-income ratio, or how much of your income goes toward debt payments, will usually need to be 43% or less.
- Down payment: You’ll typically need anywhere between 3% and 20%, depending on your loan program.
Find Out: How to Choose a Mortgage: Tips for Getting the Best Loan
How much should I put down for a down payment?
Again, down payment requirements depend on your loan program and mortgage lender, but in some cases, you may not even need one. USDA and VA loans, for example, have no down payment requirement.
How can I get pre-approved for a mortgage?
If you’re serious about buying a home, you’ll want to get pre-approved. A mortgage pre-approval lets you know what you can afford, and it also instills confidence in sellers and could give you a leg up in a bidding war.
To get pre-approved for a mortgage, you’ll have to fill out the lender’s application. Some of the documents you’ll need for a pre-approval include:
- Recent pay stubs
- Recent bank statements
- W-2s
- Tax returns
How do I choose the best mortgage lender?
Comparing several mortgage lenders is critical — to getting the best rate and to ensuring you receive great service. Credible makes this easy. With Credible, you can compare lender options in just a few minutes.
When comparing lenders, you’ll want to look at:
- Past customer reviews and ratings
- Interest rates and APRs (annual percentage rate)
- Loan products and available terms
- Application process (online vs. paper)
- Closing times and rate lock periods
You might also consider evaluating the educational content they have available. If you’re a first-time homebuyer, having these sorts of resources on hand can be extremely helpful.
Find Out: The Types of Mortgage Lenders and How to Choose Between Them
Methodology: Credible evaluated loan and lender data points in seven categories to identify "best companies" for mortgages. We looked at each lender's interest rates, fees, and the availability of repayment terms and discounts. We also considered each company's eligibility requirements, minimum down payment (for purchase), and the level of customer service provided. Because every lender has its own system for evaluating borrowers, the best loan or lender will depend on an individual's unique circumstance, the loan features that are most important to them, and the interest rate and terms they qualify for.
