where to get a home mortgage loan today

Know your sources

Traditional banks offer relationship discounts, credit unions may have lower fees, independent mortgage brokers shop multiple wholesale lenders, and online lenders can move fast with slick portals. Builders and community development nonprofits sometimes pair financing with incentives.

How to compare offers

Line up at least three quotes on the same day and compare the Loan Estimate. Focus on total APR, closing costs, discount points, rate lock length, underwriting speed, and servicing. Ask about PMI removal rules, first-time buyer programs, and whether you qualify for conforming, FHA, VA, or jumbo.

Places to start

• Your bank or credit union
• A licensed mortgage broker who can shop multiple lenders
• Online marketplaces and direct lenders
• State housing finance agencies for down payment assistance
• Employer or union homebuyer benefits
• Local community banks with portfolio loans

Get prequalified with a soft credit check to set a budget; move to a full preapproval when you’re ready to bid on homes. The best lender is the one that pairs a competitive rate with clear communication and an on-time closing.