5 Mortgage Loan Companies You Should Consider

5 Mortgage Loan Companies You Should Consider

There are tons of mortgage lenders in the market, some with national or global reach. As if that wasn’t confusing enough, online lenders service customers from all over the country. The choices can leave your head spinning. We’re here to help you out—let’s look at five lenders who excel at what they do.

5 Reputable Mortgage Loan Companies

We evaluated lenders based on customer service, refinance options, poor credit lending and other criteria. Look at who gets top billing.


MIG is among the top mortgage loan companies and a leader in its region. Rated the #1 Residential Mortgage Lender in Tennessee and the #2 Government Lender (FHA & VA), MIG has been a THDA lender for 16 years and counting.

This financial institution has received recognition from the communities it serves. In 2017, it was voted the Local Hometown Lender by readers of the Lenoir City News Herald.

MIG has been recognized as the Best Mortgage Company in Knoxville, Anderson County, Fairfield Glade and Chattanooga by publications in those areas as well.

This tech-savvy lender is known for great customer service and for working with borrowers with less than spotless credit.

Quicken Loan 

Quicken Loans has become the biggest mortgage lender in the country. Its nationwide footprint is based on satisfied customers who refer family and friends to the company after receiving consistently excellent customer service.

Quicken simplifies the loan process with online applications that are easy to use and offers competitive rates and is widely regarded as one of the best overall mortgage lenders.

Known for great customer service, it boasts an A+ Better Business Bureau rating. Quicken received a 5 (best) rating in a satisfaction study for Primary Mortgage Origination.


SoFi began as a specialist in student loan refinancing. The company subsequently grew into mortgage loans and personal finance. SoFi evaluates other criteria besides your credit score; they also look at how valuable your college degree is—which can be a valuable service for students about to take on enormous debt. It takes about two minutes to get pre-qualified without harming your credit score.

It takes around 30 days to get funded for a SoFi mortgage loan. One big benefit the company offers is that they don’t charge an origination fee.

Loan Depot

LoanDepot is popular for refinancing and has funded approximately $70 billion in refinanced mortgages. The company waives refinance fees and pays for appraisals after the first refinance loan.

You won’t be pressured into choosing a loan that doesn’t make sense for you. If you save money in the long run, it’s a good idea to refinance to get a lower interest rate

New American Funding

New American Funding is a preferred lender for customers with low credit scores or the self-employed. The company manually reviews applications before denying or approving a loan. Other online lenders leave the decision up to a computer algorithm.

During the manual review, New American Funding looks at factors like high savings and high income. If you have a minimum credit score of 580, you have a good chance of getting approved.

Whether you have good credit, high income, increased home value or would like to pull out cash to upgrade your home, refinancing your existing mortgage is a good way to do that. Choose a lender with a great reputation for customer service and forgiving policies on credit ratings.

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