This site is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.
Morty is a licensed mortgage broker, but it is also much more than that. Morty is a mortgage marketplace with a wide range of lenders. According to Morty, its mission is to empower home buyers to confidently secure and finance their home purchase online. Morty objectively accompanies its users through virtually the entire process, making an offer on a home, securing the most suitable rates from lenders, and locking and closing the loan.
Morty works with first-time buyers purchasing a primary residence as well as with people who are onto their second or third home purchase as well. First-time buyers face unique challenges, and Morty has produced an all-round package that can help users navigate these challenges.
Morty supports conventional home loans, jumbo loans, and loans for investment properties as well. It doesn’t offer FHA loans, mortgage refinancing, home equity loans, or renovation loans. In addition to brokering conventional home loans, it offers the following features.
Morty enables home buyers to get pre-approved, compare mortgages, and close a mortgage from the one platform. Overall, the time from pre-qualification appears to be close to the average for a mortgage broker. Of course, processing times can vary based on your own profile and requirements.
To use Morty, you must meet the following requirements:
Morty has only been around since 2016 but it has already made a splash with customers. Judging by the Zillow customer reviews, users like Morty for the ease of use and hands-on attention from its loan agents. Morty offers all users ongoing consultations from a dedicated agent as part of using its service. To speak to an agent, use the live chat button on the Morty website or apply for pre-approval and wait for them to call you back. Waiting times are typically 5 minutes or less during business hours.
Morty beats most other competitors for lowest APR. At a minimum, Morty works with buyers purchasing a primary residence with a credit score of at least 620.
Morty offers something that is hard to find in the mortgage lending industry: a hands-on service that caters to a specific group of mortgage buyers. If you’re in the market for a home, have great credit, and live in one of the 44 states in which Morty operates, this service is highly recommended. Morty helps users through every step of their mortgage application, making the process far less painful than it can be when going it alone.
Is Morty a direct lender? No. As a broker and marketplace, Morty works with a network of lenders on behalf of home buyers. Morty helps arrange the loan, but the lender underwrites it.
Why isn’t Morty available in every state? Each state has unique licensing procedures. Morty is working on expanding to all 50 states in the future.
What types of properties are supported by Morty? Currently, the Morty platform is open to homebuyers purchasing a primary residence, second home, or an investment home.
What does Morty mean by first-time home buyer? This is anyone who has never had an ownership interest, be it jointly or solely, in a residential property before.
Morty, Inc.
180 Varick Street, Suite 816
New York, NY 10014