Top 6 Mortgage Companies Offering Competitive Rates

The mortgage sector is a critical component of the financial industry, aimed at promoting homeownership through various programs. Key agencies include Ginnie Mae, Fannie Mae, and Freddie Mac, which support lending initiatives with secured funding. Since the 1980s, mortgage rates have been influenced by economic indicators and central bank policies. Today, these rates are determined by the Federal Reserve through regular meetings, reflecting the country’s economic health, GDP growth, and financial liquidity.

Mortgage rates are secured by real property and regulated by federal law, ensuring lenders' rights in case of default. Borrowers often use mortgages to fund real estate investments or purchase homes, using collateral to secure loans. Lenders hold significant rights over collateral, and in cases of borrower bankruptcy, they can reclaim the secured properties. Here are some of the best mortgage lenders today:

• LendingTree
  With over 40 million satisfied customers, LendingTree offers some of the lowest rates, including fixed APRs as low as 3.25% over 15 years. They also provide free credit score access and are BBB accredited with an A+ rating.
• G. Wentworth
  Known for excellent customer service and competitive interest rates, G. Wentworth offers 15 and 30-year fixed mortgages. Their online tools, such as calculators and instant quotes, make the process seamless. BBB accreditation is A+.
• Sofi
  Sofi supports jumbo loans up to $3 million and requires only a 10% down payment. They facilitate quick refinancing without affecting credit scores, making homeownership dreams more accessible.
• CrossCountry
  Operating nationwide, CrossCountry allows prequalification online and offers mortgage options with as low as 1% down payment. Knowledgeable financial officers assist clients in choosing the best rates available.
• LoanDepot
  Known for rapid online quoting and straightforward application processes, LoanDepot holds an A+ BBB rating. They also offer a lifetime guarantee with no steering policies.
• Quicken Loans
  With a decade of top customer satisfaction, Quicken Loans provides customized loan options and advanced online tools to check current mortgage rates, maintaining a leading industry position.