10 Best Nonbank Mortgage Lenders of June 2026

Rate boasts a streamlined application process, with full underwriting in as little as one business day — though for all its online conveniences, you'll still work with a human.

Better stands out for its wide range of mortgage types, including vacation and manufactured home loans. It also provides connections to insurance providers and real estate attorneys. However, the lender does not have a mobile app, and reports higher than average rates and fees than competitors, according to the latest federal data.

New American Funding offers a large menu of loan products, as well as programs like first-time home buyer assistance, but personalized mortgage rates aren't available on its website.

Veterans United originates more VA mortgages than any other lender. With average fees and rates being lower than competitors, it’s a solid pick for veterans and military borrowers.

Rocket Mortgage is the Goliath of home loans in the U.S. It's the largest mortgage lender by volume, and keeps expanding its reach. Fortunately for borrowers, Rocket is a gentle giant, offering affordable borrowing options including a 1% down payment loan.

Tomo, established in 2020, is an online-only lender with a focus on digital efficiency and purchase loans. We’re impressed with its customizable mortgage rate tool. However, you won’t find home equity products. Mortgages are available in 41 states and counting.

Guild Mortgage offers a wide range of products that may attract nontraditional borrowers, including loans with 0% or 1% down. However, interest rates aren’t published online, making it harder to shop around.

Carrington Mortgage offers specialty loans for people who might have trouble getting a mortgage elsewhere, like self-employed borrowers or those with heavy debt. However, average rates and fees are higher than competitors.

SoFi offers online conveniences and a range of customer service options, though combined rates and fees are higher than many other options.

Lower offers an impressive variety of loan products, including options for self-employed borrowers and those with non-traditional credit. Time to close is quicker than average and sample rates for many products are visible online, though you'll need to submit an application to get a custom quote.