For many people, looking into home loans is a key step in the homebuying process. Since a house is likely the biggest purchase of your life, it’s important to consider the best mortgage lenders. Top mortgage lenders not only save you money, but they can also help make homebuying less stressful. This guide can help you when you are ready to apply for a mortgage loan.
U.S. News selects the Best Loan Companies by evaluating affordability, borrower eligibility criteria and customer service. Those with the highest overall scores are considered the best lenders.
To calculate each score, we use data about the lender and its loan offerings, giving greater weight to factors that matter most to borrowers. For mortgage lenders, we take into account each company’s customer service ratings, interest rates, loan product availability, minimum down payment, minimum FICO score and online features.
The weight each scoring factor receives is based on a nationwide survey on what borrowers look for in a lender.
To receive a rating, lenders must offer qualifying loans nationwide and have a good reputation within the industry.