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Better.com: No Origination Fees, No Commissions, Better Price Guarantee

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With no origination fees, an easy online experience, and dedicated loan officers, Better.com is reworking the mortgage process.

24/7 internet access and personalized human dedication come together in Better.com!

Pros:

Cons:

When you’re looking for a mortgage, you don’t want just any old house loan. You want a mortgage that is better! Better for your wallet, and better for you. That’s why you should consider Better.com.

Better.com is a direct lender that has reworked the mortgage process in order to find the best possible savings for the borrower. They don’t have any origination fees or commissions, which means that their loan originators are focused on finding the mortgage that’s right for you, and not just making another sale. No origination fees also means less money you’ll have to spend!

Better.com allows you to apply for a mortgage online, so you can do it whenever it fits your schedule. And, you can get a loan estimate in just a few seconds! Their online portal keeps you in the loop and lets you know exactly what is going on with your mortgage application. After providing income and financial information as well as property information, Better.com performs a soft credit pull (this doesn’t affect your credit score). You can then view a variety of mortgage options that might suit your needs. After connecting with a loan officer and completing certain tasks, you can get your official Loan Estimate! Other mortgage companies might take several days to get your estimate to you, but Better.com can deliver it in just a few seconds. As if that wasn’t good enough, Better.com also has an on-demand rate lock, which lets you lock a rate you like instantly!

If you find a lender that has a lower rate, Better.com’s Better Price Guarantee says that they’ll beat it! This means it’s a good idea to shop around and compare lenders, to make sure you get the lowest rate possible. You can look at other lenders right here on RateZip!

There are some limitations to the types of mortgages Better.com offers – they only offer fixed-rate FHA loans and fixed-rate or adjustable conventional and jumbo loans. These means that if you want to get a VA Loan or USDA loan, if you want to get a second mortgage, or if you want a mortgage for a co-op or multi-family home of 5 units or more, you’ll need to go with someone else.

Since its founding in 2014 by Vishal Garg, Better.com has funded $2 billion in loans. Garg wanted to create a better mortgage company with a better mortgage process after being unable to buy the apartment he wanted, despite being a qualified borrower, all because the mortgage process was complicated and taking too long. Just last year in 2018, Better.com saved more than 10,000 homeowners an average of $3,500 in fees. Today, Better.com has thousands of customers and are located in thirty states.

This bank profile is not an endorsement or advertisement for the bank's products and services. RateZip is an independent publisher of bank information.

Better.com Refinance & Purchase Loans

ProductRateApr
30yr Fixed3.75%3.778%
15yr Fixed3.125%3.201%
6 mo CD Get RatesGet Rates
1yr CD Get RatesGet Rates
2yr CD Get RatesGet Rates
Savings Get RatesGet Rates

Rates updated 10/15/2019 18:43 PM CDT. Rates are verified at the time of collection from public sources, and are subject to change at any time.

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