Looking for a lender? The lender you choose depends on the type of loan you are seeking. Knowing the reliability of the lender is key. For those researching FHA mortgage lenders, these have been noted as the top lenders in 2019:
- Rocket Mortgage from Quicken Loans
Quicken Loans surpasses Wells Fargo in 2017 and now holds the number one spot in America. They have a good reputation of taking and processing mortgage applications online. You need a minimum credit score of 580 and 3.5% down.
As a bank, they have the best reputation for working with first time and low credit borrowers. At the current time, they do not publish their minimum credit score. Their mortgages are also available in all 50 states.
- Mortgage Investors Group
Known for the reliability in getting mortgages for their customers, they work quickly to obtain loans for their clients.
- New American Funding
Are you self-employed? New American Funding has the best reputation for working with people who have a short credit history but a nice income.
The credit score and down payment requirements are still a factor, but they are more flexible in terms of approvals.
- Carrington Mortgage Services
This lender is well-known for working with individuals with poor credit. They go down to a credit score of 500, which is the minimum score allowed in the FHA lending program.
This is better for the tech savvy consumer, as the application to apply is on mobile devices. This is one of the biggest mortgage lenders in the country that does not have a brick-and-mortar location.