top 20 mortgage lenders and how to compare them

Why rankings shift

Lists of the top 20 mortgage lenders shift as rates, regulations, and capital markets evolve. Big banks, credit unions, and fintechs trade places as funding costs change. That’s why current data and context matter more than an old headline.

What to look for when you compare

Focus on the full price of money, not just a teaser rate: APR, points, credits, and fees. Consider underwriting consistency, rate-lock terms, servicing quality, and whether FHA, VA, jumbo, or niche options fit your profile.

• Verify the ranking’s date and methodology.
• Compare total cost using APR and cash to close.
• Ask about float-downs and lock extension costs.
• Get realistic turn times for appraisal and underwriting.
• Judge preapproval strength for competitive purchase offers.
• Review servicing transfers, autopay, and hardship options.
• Weigh discount points against your breakeven timeline.

How to use the top 20 wisely

Build a shortlist from credible sources, then request same-day Loan Estimates from 3–5 lenders. Compare line by line, negotiate, and check NMLS records and CFPB complaints. Choose the lender that balances price, clarity, speed, and certainty.