Choosing the right mortgage loan is important. Your mortgage not only helps you buy a home, it is likely the largest loan you will ever take out in your life. And because the loan is so big, getting approved at the best possible interest rate is not always simple.
The variety of online-only and traditional-bank options you have for funding can expand your search to online and nationwide lenders. Each of the following 10 lenders excels in certain aspects of mortgage lending.
TOP 10 Best Mortgage Lenders of 2022
Quicken Loans is a well-known mortgage lender with large online and TV advertising campaigns touting the benefits of its premier Rocket Mortgage product. Based on 2020 data, Quicken Loans is the largest loan originator by volume with 1.1 million loans originated.
Quicken Loans is the biggest mortgage lender for a reason. It has a nationwide footprint and makes applying for a mortgage online very easy on the borrower. It offers competitive rates as well, which helps solidify its position as the best overall mortgage lender.
The online lending application is particularly attractive, as it does not involve the same hassles many traditional mortgage lenders require, like lots of physical paper and typing in a list of all of your accounts. With Quicken Loans, much of that happens automatically when you connect your bank accounts. The application process is quick and simple, which is why so many people use it every year.