Shopping for a mortgage has never been easier, thanks to the array of online options. Brick and mortar lenders may still be a viable option, but you may find that an online lender has even more to offer.

Furthermore, exploring online mortgage lenders allows you to compare mortgage rates. You can also receive customized mortgage loan offers in your inbox in minutes. Even better, you’ll have direct access to a loan officer in case you have questions.
Who are the top online mortgage lenders for 2023?
If you’re in the market for a new home and ready to start your search for online lenders, here are some reputable options to choose from.
Best Online Mortgage Lenders of 2023
loanDepot
loanDepot is an online lender, but don’t think that means they are lacking in customer service. They provide over 150 loan stores across the country for customers that prefer in-person service.
Quicken Loans
This online lender takes the hassle out of securing a mortgage by letting you complete the entire process online.
Better.com
If you’re looking for an online mortgage lender, you should check out Better.com. The company uses technology to simplify the lending process for its customers. Better.com promises a fast and transparent mortgage experience.
Rocket Mortgage by Quicken Loans
Rocket Mortgage is a division of Quicken Loans. Their key competitive advantage is the asset importer tool, which takes the guesswork out of determining whether you’re approved.
NBKC Bank
NBKC Bank is not as widely known as many of the other lenders on this list. But that doesn’t mean you should rule them out as a potential mortgage lender.
Guaranteed Rate
You can apply for a mortgage in a matter of minutes from the homepage of this digital mortgage provider’s site.
Truist
Truist is known for its brick-and-mortar presence, but they also have an impressive online mortgage platform. Available in English and Spanish, Truist mortgage offers an array of mortgage solutions to choose from.
SoFi Mortgage
SoFi mortgage is another online lender that stands out from the masses. Although they don’t offer government-backed home loans, SoFi mortgage has programs that require a down payment as low as 10 percent, and they do not assess mortgage insurance.
Customers also enjoy a seamless prequalification and application process, along with no origination fees. Even better, it may be possible to close on your loan in under 30 days.
Penny Mac
If you’re searching for flexibility, Penny Mac may be the ideal lender for you. They offer several options to consumers of varying financial backgrounds. To date, they’ve served over 1 million customers and funded over $5 billion in loans in 2017, alone.
You can request a no-obligation free quote online, chat with an expert, or call (888)870-6229 to get started.
Reali

Reali caters to consumers looking to purchase or refinance their homes. Through their Interactive Loan Dashboard, you can apply, upload any documents needed, and track your loan’s progress at the tap of a fingertip.
Choosing an Online Mortgage Lender
Before settling on a mortgage lender, there are several factors you should keep in mind. But before narrowing down your options, you want to have an idea of the type of loan that will best suit your needs. That way you can know which online lenders are most ideal for your situation.
Once you’ve figured out which lenders you want to possibly work with, get a feel for how they do business by conducting background research, reviewing industry ratings, and analyzing customer reviews.
This should give you a good idea of whether their process is seamless and if the customer service representatives and loan officers truly put the customers first.
Next, do a bit more digging to determine if they have flexible loan options. You may be able to qualify for their standard mortgage products, but going with an alternative product may land you a better deal.
Furthermore, pay attention to lender fees and closing costs. If they seem a bit steeper than what you’re seeing across the board, that may be your cue to shop elsewhere for a mortgage.
And don’t forget about interest rates as a single percentage point could cost or save you thousands over the life of the loan.
Bottom Line
It may take some time to find the perfect lender to finance your home, but with a little legwork, you can save a bundle on interest and fees. Even better, you’ll be able to keep more of your hard-earned cash in your pocket.