Buying a home is a huge step and requires a great deal of planning and budgeting. One of the most significant elements of the purchase is your choice of a home loan provider. So, you must shop around and consider multiple providers before making a decision. If you’re planning to purchase a home, here’s a list of the country’s top home loans providers of 2021.

1. Better
   Better is convenient and fast, which makes it a great pick for getting a mortgage for many. The application process is entirely online, and the provider offers a personalized rate quote in less than 5 seconds. Plus, they don’t charge a commission or any lender fees. This alone helps customers save about 1% of the entire loan amount. Potential borrowers can get a verified pre-approval letter in under 20 minutes, eliminating the need to wait around for days. The minimum credit score needed to borrow from this home loan provider is 620, and their mortgage rates are competitive. Also, Better promises to match any valid competitor’s prices and make a better offer by at least $100, or you get to keep the $100.
2. Ally
   Ally charges competitive rates and has loan programs with minimal down payment options. First-time buyers can obtain a 30-year fixed-rate mortgage by paying just 3% down payment under Fannie Mae’s HomeReady mortgage program. And there are no lender fees either! The provider can help an applicant get a pre-approval letter in just 3 minutes, enabling it to stand out. One can complete the simple application process online, e-sign their documents, and even lock in their rate from the comfort of their home. A minimum credit score of 620 is required to borrow from this lender.
3. PNC
   PNC is one of the oldest banks in the business and has served millions of customers throughout the country for over 150 years. This home loan provider offers multiple loan options, including FHA loans backed by the Federal government. These loans have more flexible qualification criteria than conventional loans and allow qualified borrowers to purchase a home with as low as 3% down payment. Another factor swinging things PNC’s way is its online application support through Home Insight® Tracker, which allows individuals to track and update their application at any point in the approval process.
4. Bank of America
   Bank of America is a viable option for home loans. It serves millions of customers in the country and offers a lower-than-average mortgage rate. Plus, its services are available both in-person and online. Applicants can approach the provider for a home loan at any of the 5,000 branches or complete the process online through the Bank of America Digital Mortgage Experience®. One can get a pre-approval to estimate how much they can borrow, apply for a new mortgage, or refinance their current home with customized terms that suit their requirements. One can also consult a lending expert online. They have an Affordable Loan Solution® mortgage, which is a fantastic option for buyers with tight budgets as it requires just a 3% down payment and no mortgage insurance.
5. Rocket Mortgage®
   Quicken Loans, which recently changed its name to Rocket Mortgage®, is a home loan provider that services all 50 states. The country’s largest mortgage lender makes home financing simple through an online process, which allows for quick and easy application. One can also track their application 24/7. The provider also offers FHA loans for people with a low credit score, and these loans need a down payment as low as 3.5%. It is known for its excellent customer support services. If confused about which loan is the right choice, one can get in touch with a home loan expert to help them decide.