Best Mortgage Lenders in 2025: Rates, Reviews & What to Look For
2. Qualities of a Mortgage Lender
You should consider more than just the interest rate when looking for a mortgage. The following are the most crucial factors to take into account:
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Loan options: Does the lender offer just conventional loans or also FHA, VA, USDA, and jumbo loans?
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Rates & APRs: Compare both interest rates and annual percentage rates for a clearer cost estimate
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Fees and closing costs: Watch for third-party charges, application fees, and origination fees
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Customer reviews: Look for feedback on communication, application process, and closing timelines
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Speed of preapproval: Some lenders offer same-day or rapid preapprovals
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Digital tools: Can you apply online, upload documents, and track progress through a portal?
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In-person availability: Are local loan officers or branches available if you need face-to-face help?
