Best Online Mortgage Lenders of March 2024


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If you know what to look for, you may be a few clicks away from getting a mortgage from one of the best online mortgage lenders. Despite faster closing times and less paperwork, not all borrowers prefer online lending, though. Understanding how online mortgages work can help you decide if this loan type is a good fit for you.

Lender LendingTree rating and “best online” category Lender review
Flagstar Bank *****
Best online lender for FHA loans
Read our review
Veterans United *****
Best online lender for VA loans
Read our review
Ally *****
Best online lender for jumbo loans
Read our review
Chase *****
Best traditional bank online lending experience
Read our review
Zillow ****
Best online lender for rate information
Read our review

  • Minimum credit score (FHA loans): 580
  • Minimum down payment (FHA loans): 3.5%
  • Available FHA loan programs: Purchase
  • Additional loan products: Conventional, VA, USDA, jumbo, HELOCs
  • LendingTree rating: *****  Read review
Flagstar is the 8th largest residential mortgage originator in the U.S. and provides a stellar online experience for FHA loan borrowers. Flagstar’s website features FHA interest rates, helpful product information and resources about mortgage lending and a convenient online application. Flagstar was established in 1987 and offers mortgages in all 50 states.

  • Minimum credit score (VA loans): 620
  • Available VA loan programs: Purchase, streamline refinance, cash-out refinance
  • Additional loan products: Conventional, FHA, jumbo
  • LendingTree rating: *****  Read review
Military borrowers will find mortgage products tailored to meet their needs at Veterans United, with more than 90% of its customers applying specifically for a loan backed by the U.S. Department of Veterans Affairs (VA). The website provides daily updates for a wide variety of VA interest rates, and even includes information about VA funding fees.

ally bank logo

  • Minimum credit score (jumbo loans): Not disclosed
  • Minimum down payment (jumbo loans): 10%
  • Maximum jumbo loan amount: $4 million
  • Additional loan products: Conventional
  • LendingTree rating: *****  Read review
Ally is an online-only lender offering jumbo purchase and refinance loans in 46 states. Ally’s website provides a wealth of rate and product information with a quick online preapproval process. The loan process is entirely digital, and detailed jumbo rate information is easy to find on the bank’s website. Fixed-rate and ARM loan options can be customized based on your location, credit score, property type and more.

  • Minimum credit score: Not disclosed
  • Available refinance programs: Conventional, FHA, VA and jumbo
  • LendingTree rating: *****  Read review
JP Morgan Chase may be one of the oldest financial institutions in the United States, but their online mortgage information is anything but old-fashioned. Chase offers a combination of online product information, home loan financing articles and daily rate updates.

  • Minimum credit score: 620
  • Available programs: Conventional, FHA, VA and jumbo
  • LendingTree rating: ****  Read review
Zillow’s brand is a familiar name for house hunting, but the launch of Zillow Home Loans in 2018 put the company on the map as a competitive mortgage lender. Zillow outperforms the competition when it comes to rate transparency, publishing daily rate updates for 16 different refinance and purchase programs — far more than the closest competitor we surveyed. Consumers can check FHA and VA rates, and even adjustable-rate mortgage (ARM) programs with initial teaser rates lasting seven or 10 years.

Regardless of how low online rate quotes look, shop with at least three different companies before you choose one. Ask for written loan estimates with lender fee breakdowns, and don’t be afraid to haggle to get the best rate at the lowest costs.

Be upfront and honest about any income or credit issues — your rate quote is only as good as the information you provide. Online lenders vet your finances to ensure you can repay the loan, and any discrepancies could cause delays or even a loan denial.

Pros Cons
 Faster approval  Cookie-cutter approval standards
 Online status checks  Electronic communication delays
 Electronic signings  Security and privacy risks
 Less paperwork  Lack of in-person contact options


We reviewed data collected from 35 lender reviews completed by the LendingTree editorial staff in 2023 to determine the best online mortgage lenders in each category chosen in this roundup. It includes winners in best overall categories awarded to lenders in our FHA, VA, refinance and jumbo “best of” articles.

Each lender is given a score between zero and five stars based on several features including digital application processes, available loan products and the accessibility of product and lending information.

To be included in the “best of” roundup, lenders must offer mortgages in at least 35 states and have at least a four-star lender review rating from LendingTree.


This article originally appeared on LendingTree and was syndicated by MediaFeed.

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This article originally appeared on LendingTree and was syndicated by MediaFeed.

Like MediaFeed's content? Be sure to follow us.