Top 30-Year Mortgage Lenders for 2025
Jan 30, 2025
Is A 15-Year Mortgage Right for You?
Apr 27, 2023
How to Choose a Mortgage Lender for a First-Time Home Buyer
Nov 21, 2023
Which mortgage lender is right for you?
Loan Purpose
Credit Score
Loan Amount
Closing soon?
Which mortgage lender is right for you?
Loan Purpose
Credit Score
Loan Amount
Closing soon?
.20220323115256.svg)
NMLS #1168
9.3
BestMoneyscore
TrustPilot Score
Based on 16430 User Reviews
4.6
Brand Reputation
Based on web trends
4.7
AmeriSave Mortgage
Get quotes and pre-approval quickly
Low rates: Quick Quote and Approval
Buyers Concierge available to guide you
Pre-approval letter with 90 day rate lock
$200 billion funded & 23 years in business
16,430Reviews
NMLS #6606
9.6
BestMoneyscore
TrustPilot Score
Based on 2025 User Reviews
4.9
Brand Reputation
Based on web trends
4.7
New American Funding
Direct lender, offering fast pre-approval
Get today's low interest rates
"A" BBB rating, 391K+ positive reviews
Competitive interest rates, fast service
2,025Reviews
NMLS #3030
9.5
BestMoneyscore
TrustPilot Score
Based on 38154 User Reviews
4.6
Brand Reputation
Based on web trends
4.9
Rocket Mortgage
Find a simple mortgage that works for you
Application syncs with your bank
Home loan experts available 24/7
Fast rate quotes you can trust
38,154Reviews
NMLS #1907
9.7
BestMoneyscore
TrustPilot Score
Based on 12546 User Reviews
4.9
Brand Reputation
Based on web trends
4.8
Veterans United Home Loans
100% financing for qualified Veterans
Top rated VA loan provider
Competitively low rates and no PMI
Easy, no hassle process with MyVeteransUnited
Veterans and Active Military Only
12,546Reviews
NMLS #1566096
8.0
BestMoneyscore
TrustPilot Score
Based on 2 User Reviews
3.4
Brand Reputation
Based on web trends
4.6
West Capital Lending
Loan options from multiple lenders for any type of homebuyer
Streamlined, innovative mortgage process
Zero closing cost options in most cases
Excellent customer service experience
NMLS #1136
9.4
BestMoneyscore
TrustPilot Score
Based on 15660 User Reviews
4.5
Brand Reputation
Based on web trends
4.9
LendingTree
Get pre-approved and choose from a network of 350+ lenders
Low rates and fast pre-approval
Check and monitor your credit for free
Only a few steps to your best mortgage rates
15,660Reviews
NMLS #167283
8.9
BestMoneyscore
TrustPilot Score
Based on 20396 User Reviews
4.2
Brand Reputation
Based on web trends
4.7
Quicken Loans
Get personalized lender recommendations for $0
Get rates from our providers. Lenders 100% online
Check to see your different home buying options
Home buying with as little as 1% down
20,396Reviews
NMLS #2059741
7.9
BestMoneyscore
TrustPilot Score
Based on 73 User Reviews
3.4
Brand Reputation
Based on web trends
4.5
Tomo Mortgage
Fast and efficient mortgage lender, designed to lower costs
Streamlined process, 98% on-time close
No hidden origination or processing fees
Loan price-match guarantee
73Reviews
27,244 users
picked a lender via BestMoney this week
BestMoney Total Score
Our scoring system incorporates a weighted formula, which considers two parameters, Semrush and TrustPilot, providing a numerical score out of 10 and a star ranking out of 5 for each brand.
TrustPilot Score
As a leading independent review platform, TrustPilot houses an extensive collection of over 120 million consumer reviews for more than 550,000 brands. With its ever-expanding repository, TrustPilot serves as a resource to gauge consumer satisfaction, making it an integral part of our scoring system. The BestMoney Total Score is determined by incorporating the brand's TrustPilot score, on a scale of 1-5. However, in cases where a TrustPilot score is unavailable, the BestMoney Total Score will be based solely on the Brand Reputation score provided by Semrush.
Brand Reputation
To ascertain the reputation and recognition of the listed brands, we rely on Semrush's reliable and comprehensive competitive research tool and traffic analytics platform. By utilizing Semrush, we obtain estimates of both mobile and desktop traffic for any website. Evaluating clickstream data, including user activity, search patterns, and engagement levels, Semrush helps us accurately assess the brand's visibility, credibility, and authenticity. The Semrush score is then adjusted to our 0-5 formula for precise evaluation. However, in cases where a Semrush score is unavailable, the BestMoney Total Score will be based solely on the TrustPilot score
Must Reads
Our Best Overall Choice
Sponsored Offer
NMLS #1168
9.3
BestMoneyscore
TrustPilot Score
Based on 16430 User Reviews
4.6
Brand Reputation
Based on web trends
4.7
AmeriSave Mortgage
Get quotes and pre-approval quickly
Low rates: Quick Quote and Approval
Buyers Concierge available to guide you
Pre-approval letter with 90 day rate lock
$200 billion funded & 23 years in business
Refinancing your Mortgage?
Compare refinance lenders:
NMLS #1168
9.3
Bestmoney.comscore
TrustPilot Score
Based on 16430 User Reviews
4.6
Brand Reputation
Based on web trends
4.7
AmeriSave Mortgage
Low rates, quick quote, and approval
92% of clients discover savings in minutes
Real savings, real fast - $1100 avg monthly savings
$200 billion funded & 23 years in business
FAQs About Mortgage Loans
1. How much down payment is typically required to buy a home?
Down payment requirements vary by loan type and lender. Conventional loans may require as little as 3–5%, FHA loans 3.5%, and VA or USDA loans may allow for no down payment. Remember to always check with your selected lender to check their specific requirements.
2. What is the difference between pre-qualification and pre-approval?
Pre-qualification is an initial assessment based on self-reported financial information, providing a general idea of loan eligibility. Pre-approval involves a thorough evaluation, including credit checks and documentation verification, offering a more accurate loan estimate and demonstrating serious buying intent to sellers.
3. What factors should I consider when comparing mortgage lenders?
When evaluating mortgage lenders, consider interest rates, annual percentage rates (APR), loan terms, fees, customer service, and lender reputation.
4. What documents do I need to apply for a mortgage?
Most lenders require a photo ID, recent pay stubs, W-2s or tax returns, bank statements, and details about debts or assets. If you're self-employed, expect to provide business income records. Once you choose a home, you'll need the purchase agreement and proof of insurance. Check your lender's requirements before proceeding.
About These Rates: The lenders whose rates are displayed on this page are advertising partners of BestMoney.com. This information may be different from what you see when you visit one of these lenders' sites. The terms advertised here are not offers and do not bind our lending partners. Some of the rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the lender assessment of your creditworthiness as well as various other factors.
Some of the featured lenders are powered by Bankrate
Bankrate, LLC NMLS ID #1427381
BR Tech Services, Inc. NMLS ID #1743443
Monthly payments:
- 360 equal monthly payments
- Monthly payment does not include taxes or insurance. Actual monthly payment will be higher
Understanding Pre-Approval
No doubt you’ve heard the term mortgage pre approval. While the words may seem clear to a mortgage banker, most home buyers are totally unaware of what they mean, what the process entails, or even how to get preapproved for a home loan.
If this is your first rodeo, then it’s important for you to understand what getting pre approved for a mortgage means, what steps are involved, and how it will affect you.
Current Mortgage Loan Rates October 2025
| Mortgage Type | Today's Average Mortgage Rate | Yesterday's Average Mortgage Rate | Mortgage Rate 3 Months Ago | Mortgage Rate 1 Year Ago |
|---|---|---|---|---|
| Purchase 30-year fixed | 7% | 7% | 7.141% | 6.281% |
| Purchase 15-year fixed | 5.562% | 5.562% | 6.371% | 5.195% |
| Refinance 30-year fixed | 6.247% | 6.247% | 6.943% | 6.343% |
| Refinance 15-year fixed | 5.982% | 5.982% | 6.669% | 5.375% |
What is Home Loan Pre Approval?
Home loan pre approval says that you may be eligible for a loan. There are a few major points that you have to know about mortgage pre-approval before you even get started:
1. Pre-qualification is not the same as mortgage pre approval
Pre-qualification and home loan pre approval are totally different. The first one is a general confirmation that you meet basic requirements to receive a loan. No personal information or documentation is needed.
2. Pre mortgage approval will affect your credit
When you apply for pre approval, you will have your credit pulled by the lender to see whether you are creditworthy enough to receive a loan. This hard credit pull will affect your credit score, albeit only for a short time.
3. Getting pre approved for a mortgage isn’t a guarantee of funding
This is probably the most important thing to know from the beginning. Many home buyers think that once they’ve been pre-approved, they’ll automatically be able to get a loan from the lender. This is NOT the case. Home loan pre approval simply declares that you are in a suitable financial state to be making inquiries about home purchasing. There is no guarantee, no commitment to lend on the part of the lender.
4. Getting pre approved for a mortgage is a process
To get pre approved, you’ll have to fill out a loan application, provide the required documents, prove income status, and wait for the lender to verify your information. Of course, this process doesn’t have to take long. In fact, some lenders will do it on the spot or that same day.
Today, you can even get mortgage pre approval online, without having to sit in an office, talk on the phone, or go through a long application process.
What are my chances of getting pre-approved?
The likelihood that you will get pre approved for a mortgage online depends on several factors, including:
- Your DTI (debt to income ratio)
- Your credit history
- Your financial assets
- Your employment status
Why Should I Bother Getting a Home Loan Pre Approval?
Before you even tackle how to get pre approved for a mortgage, you are probably wondering why you should bother. In fact, a pre approval mortgage letter offers several benefits to prospective buyers, including:
1. Being taken seriously
Today’s economy requires agents and sellers to be cautious about their potential buyers. Agents won’t waste time on just anybody today, and a seller will not sit down to negotiate with someone unless they think you are serious. A home loan pre approval letter signals to everyone that you are seriously interested, that you have already been in touch with a lender, and that you most likely have the finances to receive a mortgage loan.
A home loan pre approval letter also makes you more competitive since sellers and agents will consider you before other candidates if it comes down to multiple people making offers at the same time.
2. Points out weak spots
Even if you don’t get a pre approval home loan, the process is valuable because it shows you where your weaknesses lie. Getting a mortgage loan requires a fairly decent credit score, financial standing, and employment status. If a company rejects you for a pre approval mortgage, they have to tell you why. This information will help you clean up your credit, fix issues you have on record, and boost your appeal.
For this reason, many financial advisors recommend going for mortgage pre-approval six months to a year before you look to buy (even though pre approval only lasts three months, generally). It will give you a good insight into your borrowing status so that when you are ready to buy, your credit will be sterling.
3. Narrows down your choices
Finally, a pre approved home loan helps you narrow down your choices. This is because the pre approval will specify an amount or range that you are pre approved for. So, you can more easily find a home that is right for you knowing what your budget is.
Finance Your Dream Home at Last
Mortgage pre approval is a real possibility. Check out this page for some practical tips on how to get pre approved for a home loan, and start dreaming today.