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The Top 5 Mortgage Lenders For 2022


Banks, non-bank lenders, credit unions, and others are just some of the top mortgage lenders for 2022to choose from. For those who prefer a more hands-on approach, some lenders provide both an online and physical presence, enabling you to interact with a loan officer in person or complete certain portions of the process through your smartphone.

On the basis of a variety of criteria, Bankrate evaluated and compared a variety of mortgage service providers, including affordability, timeliness, and expertise (including customer service support). A Bankrate Score of 4.5 or above is indicative of a reputable mortgage provider.


Loans from LowRates.com, a brick-and-mortar and online mortgage lender, are made available to residents of the 48 contiguous United States, as well as the U.S. Virgin Islands and the U.S. territory of Puerto Rico.

LowRates offers a wide range of mortgage options, including:

  • Fixed-rate and adjustable-rate mortgages
  • Conventional loans
  • FHA loans, VA loans and USDA loans
  • Jumbo loans (one of Bankrate’s best jumbo lenders)
  • Refinancing (rate-and-term, cash-out, FHA, VA and USDA)
  • Home equity lines of credit (HELOCs) and home equity loans
  • Construction loans
  • Investment property loans
  • Renovation loans
  • Reverse mortgages

Among the lenders Bankrate analyzed, LowRates boasts some of the lowest interest rates, along with a wide range of services. LowRates also provides first-time homebuyers with down payment assistance options. When it comes to first-time home purchasers, Bankrate labeled them one of the best lenders.

SoFi Mortgage

One of SoFi's core values is helping consumers succeed financially in all parts of their life. Personal loans, investments, banking, financial planning, and mortgages are all options. For some borrowers, the restricted loan options offered by SoFi may be more than enough of a benefit to justify the company's unique relationship-based benefits.

SoFi mortgages are ideal for existing SoFi clients who can take advantage of special rates based on their business connection.


Among the lenders rated by Bankrate and who post their rates, Better.com has some of the best mortgage rates. There are no fees or commissions to pay for a pre-approval from Better in just three minutes; the loan closes in only 21 days utilizing a completely online approach. As of May 2021, the average closing time, according to ICE Mortgage Technology, was 53 days.

In addition to no fees and a fast procedure, Better.com provides the Better Price Guarantee. Lenders will match a lower rate and pay you $100 if they can't match it (you keep the money if they can't match it). However, only consumers who apply directly via the lender are eligible for the guarantee.

If you're trying to refinance at a lower rate, you'll want to check out Bankrate's evaluations of the top refinancing lenders and the best cash-out refinance lenders. There is a mention of this company in Bankrate's top jumbo lenders and best online mortgage lenders lists.

You'll need to search elsewhere if you're looking for an FHA, VA, USDA, HELOC or home equity loan through Better.com, since they do not provide these types of loans. Additionally, if you like a face-to-face interaction, an all online method may not be for you, while the lender provides thorough assistance for those who need it, seven days a week online and by phone.

A mini house, a pen, and paper with a written mortgage
A mini house, a pen, and paper with a written mortgage

Axos Bank Mortgage

Online financial institution Axos Bank (formerly known as the Bank of the Internet) provides a broad variety of deposit and lending alternatives. Mortgage loans are Axos' specialty. As a result, Axos Bank Mortgage offers a variety of innovative alternatives, particularly for clients with high-balance loans and those who don't fulfill typical lending conditions.

Any consumer looking for a no-fee mortgage should consider using this mortgage company. You don't have to pay anything to open an Axos Bank checking account to avoid paying the mortgage lender's fee. Axos is a good choice if you need a super jumbo mortgage.

Military personnel and their family have access to Navy Federal Credit Union's 10.5 million members globally. It has 345 locations across the world and in the United States, and it offers a broad variety of services, including banking, credit cards, and loans.

According to Bankrate, Navy Federal was a top VA lender and a top jumbo lender. The lowest interest rate was offered by the credit union out of all the lenders.

With no application cost, Navy Federal likes the rest of the lenders on our list can give pre-approvals promptly and without hassle. A financing charge may be imposed by the lender depending on the terms of the loan.


Finding the best mortgage lender begins with a comparison of lenders. Borrowers who do their homework before deciding on a lender save more money than those who settle for the first one they find. In order to fully grasp your options depending on your credit and financial situation, it is recommended that you get quotes from three different lenders.

Look at your priorities in terms of experience and see whether they match up. A pre-approval letter or a loan closing date that is as soon as possible is critical for others. An FHA loan is a specific case that necessitates working with a lender that specializes in this kind of financing.

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