BEST DISTRICT OF COLUMBIA MORTGAGE LENDERS September 2023
Are you considering buying a house in District of Columbia? The District of Columbia is the nation’s capital. According to U.S. Census Bureau of Survey, There are 320,000 housing units and 62% rate of homeownership.
To get the best Mortgage Lender it is important to put in consideration of the following;
- Check your finances
- Determine your budget
- Know your mortgage options
- Compare rates and terms from many lenders
- Have an approval for mortgage
- Read the print well
Best Mortgage Lenders in District of Columbia September 2023
1.Homefinity;- Homefinity has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
2.Caliber Home Loans;- Caliber home loans has a minimum down payment of 3% and minimum credit score of 620.
3.Carrington Mortgage;– Carrington Mortgage has a minimum down payment of 3% and minimum credit score of 620.
4.PenFed Credit Union;– PenFed Credit Union has a minimum down payment of 0% for VA loan and minimum credit score of 620.
5.Truist Bank;– Truist Bank has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
6.Chase;– Chase has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.
7.Lower.com ;- Lower.com has a minimum down payment of 3% and minimum credit score of 620.
8.AmeriSave;- AmeriSave has a minimum down payment of 3% and minimum credit score of 620.
9.Veterans United Home Loan;– Veterans United Home Loan has a minimum down payment of 3% and minimum credit score of 620.
10.PNC;– PNC has a minimum down payment of 3% and minimum credit score of 620.
Review of Best Mortgage Lenders in District of Columbia September 2023
1.Homefinity – Best for online application and Approval
2.Caliber Home Loans – Best for online service
3.Carrington Mortgage – Best for borrowers with bad credit
4.PenFe d Credit Union – Best for lender credit and no lender fee
5.Truist Bank – Best for client relations
6.Chase – Best for low costs
7.Lower.com – Best for borrowers who prefer digital home lending
8.AmeriSave – Best for mortgage variety
9.Veterans United Home Loan – Best for Veterans Affairs loans
10.PNC – Best for low down-payment
- The mortgage rate in District of Columbia is 2.91% on average for 30 years fixed rate. Home interest rates range from 2.5% to 4%.
Other Mortgage Lenders in District of Columbia September 2023
- Real Genius – best for online application
- Sofi – best for online service
- CMG Financial – best for first-time borrowers who want to crowd-fund their down payment.
- Freedom Mortgage – best for product availability
- LoanDepot – best for a digital-first mortgage
- Alliant Credit Union – best for no down payment
- Rocket Mortgage – best for customer service
- Bank of America – best for large loan amounts
- Guaranteed Rate – best for digital closing
- USAA – best for Veterans Affairs loans
- Pennymac – best for government loans
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