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

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• Top-rated lender with no fees and no commissions.

• Pre-approval takes as little as 3 minutes.

• 100% online, with phone support when you need it.

• On-demand rate lock.

View Better Rates >


  • No origination fees or commissions
  • Online mortgage application and portal
  • On-demand rate lock
  • Better Price Guarantee


  • Location (not available nationwide)
  • Limited product offerings

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.

Better 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 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 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 can deliver it in just a few seconds. As if that wasn’t good enough, Better 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’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 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 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 saved more than 10,000 homeowners an average of $3,500 in fees. Today, Better 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.

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