10 Best Mortgage Lenders of 2025 - Compare, Costs & Reviews

9.6

Our score

34,417ReviewsTrustpilot

Find a simple mortgage that works for you

Unique support for first-time homebuyers

Fast, guided and simplified online process

Lock in your rate for 90 days

Start with certainty, close with confidence

Unique support for first-time homebuyers

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*Rates are estimated & fluctuate

9.5

Our score

20,021ReviewsTrustpilot

Cutting - edge online marketplace

Cutting - Edge online marketplace

Personalized lender recommendation for $0

Plans for first time home buyers

Home buying with as little as 1% down

Personalized lender recommendation for $0

Get rates from our providers. Lenders 100% online

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*Rates are estimated & fluctuate

FICO 620-719

9.6

Our score

727ReviewsTrustpilot

FHA loans at 3.5% down

New American Funding

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“A” BBB rating with 357k+ positive reviews

Perfect for first-time home buyers

FHA loans at 3.5% down

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9.6

Our score

13,427ReviewsTrustpilot

Buy a home with confidence

Lock your rate for 90 days — no increases

Get a great rate and quick approval

Certified Approval to shop with confidence

Lock your rate for 90 days — no increases

Get a Buyer's Concierge by your side

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9.1

Our score

14,158ReviewsTrustpilot

Compare rates from a network of lenders

Discover fixed home equity rates

Several options for last minute purchase

Extensive network of purchase options

Ongoing support with free credit monitoring

Get up to five quotes from a network of lenders

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Does cash-out refinance suit you?

9.5

Our score

20,021ReviewsTrustpilot

Unlock cash from within your home

Get matched to the best rate in our network

Powerful loan refinancing solutions

Real-time updates on loan process

100% online experience

Get matched to the best rate in our network

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*Rates are estimated & fluctuate

Best for 580-680 FICO

9.6

Our score

727ReviewsTrustpilot

"A" BBB rating, 298K+ positive reviews

New American Funding

Limited time - no appraisal fee for cash-out

100% online refinance application

Take advantage of no appraisal fee for cash-out refi & HELOC

Pay off debt, home improvements and more

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Are You Qualified For a VA Home Loan?

VA home loans assist active military members, veterans, and eligible family members, including surviving spouses, in becoming homeowners. The Department of Veterans Affairs (VA) does not directly provide mortgages but guarantees loans issued by private lenders. For those who qualify, a VA loan can be an excellent option. Eligible borrowers, particularly those with a less-than-perfect financial profile, should consider this route.

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How to determine if you qualify for VA refinance rates?

To secure a VA loan, borrowers need to provide a VA Certificate of Eligibility (COE). Individuals currently serving in the military or veterans honorably discharged. Service eligibility requires a minimum of 90 consecutive days of active duty during wartime or at least 181 consecutive days of active duty during peacetime. Individuals who have completed more than six years of National Guard or reservist service are also eligible. Surviving spouses of service members who died in the line of duty may also qualify.

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Mortgages and VA Refinancing in 2025

Low interest rates have made borrowing more affordable for those eligible for the best rates, largely influenced by the Federal Reserve’s efforts to maintain low rates and stimulate economic activity. Many home sellers have withdrawn their properties from the market for various reasons. Coupled with slow growth in new home constructions, this has decreased the supply of available homes in certain high-demand areas.

Despite low interest rates, qualifying for a mortgage has become more stringent for many borrowers. Several lenders have tightened borrower requirements in response to the economic slowdown following the pandemic.

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How to Select the Right VA Lender?

Private lenders provide VA loans backed by a VA guarantee. However, not all lenders are equal; some may be more suitable for your specific situation. It’s important to research and find the best VA lender tailored to your needs.

Different lenders may excel for borrowers in varying circumstances or offer specific benefits. Consider the following factors when selecting a VA lender:

Veterans who may not qualify for a conventional loan due to less than excellent credit histories or other factors.
Borrowers who prefer handling everything online. It’s crucial to evaluate the level of customer service provided by the lender and understand the loan process.

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What do you need to know?

VA loans do not require a downpayment. Will the lender provide the amount you need based on the strength of the borrower’s profile? The overall loan APR, including any lender fees, varies based on factors such as whether you make a down payment and your military service history.

While there is technically no minimum credit score for a VA loan, lenders may impose higher rates for borrowers with poor credit scores, typically below 620. This policy varies among lenders, so it’s important to understand how each lender you are considering manages credit score requirements. Opting for a shorter-term loan means paying less interest over the loan’s duration but entails higher monthly payments. It’s crucial to assess which option aligns better with your budget and overall financial situation.

Frequently Asked Questions

While VA loans do not require private mortgage insurance (PMI), borrowers who put less than 20% down are required to pay a VA funding fee. This fee is calculated as a percentage of the loan amount and varies based on whether you make a down payment and whether this is your first or subsequent VA loan application.

Additionally, lenders may charge fees for services such as a credit check, VA appraisal, and optional discount points on the mortgage, as well as for insurance and other closing costs. These costs vary by lender, and in some cases, they can be rolled into the loan amount.

To qualify for a VA loan, you must acquire a Certificate of Eligibility (COE). Active veterans will require a statement of service, while surviving spouses, National Guard members, or Reservists may have slightly different requirements. Additionally, you must demonstrate intent to occupy the home financed through the VA loan, as these loans are not intended for investment properties.

The VA itself does not impose a minimum credit score requirement for VA loans. However, private lenders who facilitate these loans may have their own minimum credit score thresholds. Borrowers with credit scores below 620 should seek out lenders willing to approve loans and offer competitive interest rates despite lower credit scores.

Spouses of active service members or veterans can co-sign a loan. Unmarried military members can also co-sign together without issue. Furthermore, a military member can include an unrelated non-military co-signer, but the VA guarantee on the loan is restricted to the military member or veteran’s interest in the property. It’s crucial to recognize that not all lenders allow these arrangements.

VA loan rules explicitly prohibit using a VA loan to finance the purchase of an investment property or a vacation home.

Active military members, National Guard members, and reservists can all qualify for a VA loan.

Best VA Mortgage Lenders April 2025

Use your military service rights to achieve your dream home

Buy, build, or improve your home, Explore lenders offering competitive interest rates on VA loans for military personnel & their families.

Best VA Mortgage Lenders
April 2025

Buy, build, or improve your home
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