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07/26/2021 - Best Mortgage Rates from Big & Reputable Lenders and SD Reviews (30year @ 2.75%, 15year @ 2.25% etc)

5,052 1,724 July 4, 2020 at 01:27 PM in Free Shipping (6)
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Last Edited by shahhere July 26, 2021 at 06:35 AM
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Details on how to understand the Mortgage basics and information that I understand for your learning can be accessed on this post (Click this hyperlink to go to the post); If you are new to this process and have questions this is a Must Read before asking question on the forum!


Reviving my over a decade old thread from SD and FW as the rates have gotten competitive. This thread is a SD community thread to compare and post best rates received along with their lender experience for a quick compare and estimation from a starting point.


Please note that rates will vary on quite a few factors and just because one person has a rate will not guarantee you will receive the same rate but simply use this as a guide and negotiation tactic.

All below rates are based on assumptions of certain LTV, DTI, & Excellent Credit Scores:

30 Year Fixed best rates (Assuming Good Credit & 20% down, low LTV, low DTI, etc etc):
All listed lenders are here because I shopped them and have encountered competitive pricing and not because I get any sort of a kickback....use this as a gauge for the latest but note that things can change week to week, day to day and even hour to hour:

07/14/2021 2.875% Better.com- Will consider Lender Match to beat Competitors and combine with Amex cashback (Click here for additional Forum thread details). Amex's "Digital Assist" Team @ 800-297-7500

07/14/2021 2.875% LoanDepot.com - Is competitive but works better if you have another offer for them. My LO Luke Dean
[email protected] 949-652-4521

07/14/2021 BSMFunding (David Pressel) - Call to get the latest rates (no published online). Very competitive rates; get everything in writing via email!
https://bsmfunding.mymortgage-onl...essel.html
David Pressel (NMLS: 562175)- Branch Manager - Phone: 908-208-2036
[email protected]
07/14/2021 2.5% LoanCabin [loancabin.com] - Most Competitive but refinance times have grow to almost 6 months for many people so proceed with caution as recent reviews indicate normal 1 month closing. Generally do not charge for big Lender Fees (A+B on LE) as they are under $100 in most cases; esp if appraisal is waived for your scenario.

07/14/2021 3% LenderFi - Competitive but might be slow and not work on beating other lender rates.
30 Year Fixed Jumbo Best Rates (Assuming Good Credit & 20% down):
TBD
15 year Fixed:
07/14/2021 2.0 % Better.com; matches Bankrate rates for themselves.
07/04/2020 2.5% NIH Credit Union with Lender Credit
Title Company Comparisions:
RadianTitleDirect.com - OP has used them for almost a decade with getting best rates (closed after Covid, Lender must submit order as consumer side is closed).
ALTTitle.com
https://www.valerotitle.com/ - Texas only.
Alphabetical list of other lenders (some could be non-proven without direct member experiences posted here):
  1. AimLoan - Will provide LE without hard pull if credit is frozen https://www.aimloan.com/
  2. Amerisave - will give you scores from all 3 bureaus with just a soft pull https://www.amerisave.com/
  3. Better.com https://better.com/
  4. BoxHomeLoans https://www.boxhomeloans.com/
  5. Close Your Own Loan https://www.closeyourownloan.com/...sults.aspx
  6. Colonial Mort http://www.colonialmort.com/
  7. HighTechLending http://www.hightechlending.co/Default.aspx
  8. Interactive Mortgage https://interactivemortgage.com/ Eric from IM is super rude so good luck dealing with this guy!
  9. LenderFi https://www.lenderfi.com [lenderfi.com]if the link wont work try this backend link: https://app.lenderfi.com/app/sign...r/lenderfi
  10. Loan Cabin https://www.loancabin.com/
  11. Loan Depot https://www.loandepot.com/
  12. LoanLock https://www.loanlock.com/
  13. NavyFederal CU https://www.navyfederal.org/
  14. NIH credit union (Delware, District of Columbia, Maryland, North Carolina, Pennsylvania, Virginia, West Virginia) https://www.nihfcu.org/
  15. Northpointe Bank https://www.northpointe.com/
  16. Owning.com (Operates only in CA) https://owning.com/
  17. Pentagon Federal CU https://www.penfed.org/
  18. Provident Funding - will give LE without locking rate https://www.provident.com/
  19. RatePlus (California) https://www.rateplus.com/
  20. Travis Credit Union (12 North Cal Counties only) https://www.traviscu.org/ Eligibility traviscu.org
  21. United wholesale mortgages https://www.uwm.com/
  22. Watermark Home Loans https://www.watermarkhomeloans.com/
  23. West Coast Mortgage Associates (The loan broker is in So.Cal. Debbie Morgan) https://wcmtg.com/


Shahhere

Old Thread - https://slickdeals.net/e/1223863-03-06-2009-best-mortgage-rates-from-big-reputable-lenders-30year-5-15year-5-arm-s-etc
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Community Wiki

Last Edited by RiversofWisdom August 18, 2021 at 03:12 PM
This post can be edited by most users to provide up-to-date information about developments of this thread based on user responses, and user findings. Feel free to add, change or remove information shown here as it becomes available. This includes new coupons, rebates, ideas, thread summary, and similar items.

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Quote from MeAPhool :
I think a lot of people get confused with regards to "no closing cost". Specifically I think that is with regards to A+B+C (as referenced in this post by volcomssj48 - https://slickdeals.net/forums/showpost.php?p=138543920&postcount=138)

As per volcomssj48, this is a good place to go for a basic understanding of the LE (Loan Estimate) that should be provided to you by each lender once you give all of your information: https://www.consumerfinance.gov/o...-estimate/

I'm in NJ so I can't really shop Title Insurance much as it's the cost is regulated by the state, however in other states, you can really cut down some of the costs in section "C".
Good site for daily mortgage news. Subscribe to their daily mortgage rate news to learn about their predictions. Also take a look at the rest of their site.
http://www.mortgagenewsdaily.com/...age_rates/



Potential Lenders - Mentioned in Thread
*Please add to this list and add locality if applicable*
  1. Loan Cabin https://www.loancabin.com/
  2. Better.com https://better.com/
  3. Interactive Mortgage https://interactivemortgage.com/
  4. LenderFi https://www.lenderfi.com/
  5. owning.com (Operates only in CA) https://owning.com/
  6. NIH credit union (Delware, District of Columbia, Maryland, North Carolina, Pennsylvania, Virginia, West Virginia) https://www.nihfcu.org/
  7. Loan Depot https://www.loandepot.com/
  8. Travis Credit Union (12 North Cal Counties only) https://www.traviscu.org/ Eligibility [traviscu.org]
  9. Pentagon Federal CU https://www.penfed.org/
  10. Interactive Mortgage https://interactivemortgage.com/
  11. NavyFederal CU https://www.navyfederal.org/
  12. United wholesale mortgages https://www.uwm.com/
  13. BoxHomeLoans https://www.boxhomeloans.com/
  14. LoanLock https://www.loanlock.com/
  15. West Coast Mortgage Associates (The loan broker is in So.Cal. Debbie Morgan) https://wcmtg.com/
  16. RatePlus (California) https://www.rateplus.com/
  17. Northpointe Bank https://www.northpointe.com/
  18. HighTechLending https://hightechlending.mortgagewebcenter.com/
  19. Close Your Own Loan https://www.closeyourownloan.com/...sults.aspx
  20. AimLoan - will give LE without hard pull if credit is frozen https://www.aimloan.com/
  21. Amerisave - will give you scores from all 3 bureaus with just a soft pull
    https://www.amerisave.com/
  22. Provident - will give LE without locking rate https://www.provident.com/ Best Credit Back with 60% LTV or better.
  23. Watermark Home Loans https://www.watermarkhomeloans.com/ Skip these guys. They are being rude to Slickdealers. In one occasion they have explicitly said they don't want to do business with people from Slickdeals. They also have an approach where they give you the best rate initially and just raise it more each time you ask.
  24. Colonial Mort http://www.colonialmort.com/
  25. Annie Mac https://www.annie-mac.com/ Licensed in these states https://www.annie-mac.com/page/licensed-states/
  26. Rate Rabbit https://www.raterabbit.com/ Licensed in MA and others [raterabbit.com]

Discount lenders who DO NOT accept fully documented in tax returns self-employment income:
Owning.com
BoxHomeLoans
Lower.com

Discount Lenders that DO accept fully documented in tax returns self-employment income:
Sebonic
Caliber
Sage

Title Company Shopping
AltTitle.com
mytitlegenius.com (formerly entitle direct)
TO AVOID - Settlement LTD (local Pittsburgh run away from them - high cost, very bad service, lot of delays)


Feel Free to Add Sections for Each Lender - MeAPhool

Loan Cabin - DetailsWARNING. DO NOT GO WITH LOAN CABIN. TRUST ME.
I would have lost the home if i was trying to buy a house.
I just had a normal refi and it took then 127 days to close. out of the 27 emails i sent, they responded to 3. I even had to call (complain) their main office 2 times to get a response to any emails. they screwed the closing paperwork as well.


Loan Cabin does not charge lender fees. Actually all of this is in their FAQ but of course nobody reads anything and wants everything spoon fed.

This means A+B (reference the link above in the wiki regarding Loan Estimate) in the Loan Estimate should be 0 (as long as your appraisal is waived).

You will be responsible for Title Cost (of course you can shop that to your heart's delight)
You will be responsible for Recording Fee in your county
You will be responsible for Escrows (if you so choose OR if you are close to Homeowner's OR Property Tax payment - though you can negotiate and show evidence to get it waived. Most lender's will waive it if you are choosing not to escrow and you can show proof that you paid the upcoming Property Tax or Homeowner's Insurance)

You will be responsible for Prepaid Interest (this isn't a cost. If you didn't refinance, you'd be paying the interest at your current mortgage rate which I assume would be higher).

Lender Credit - If this covers A+B+C+E then you have a no-cost refinance. If you have a surplus aside from A+B+C+E, then technically you made money on your refinance.


If you apply and do no hear back for 3 days, then on the 3rd business day, reach out to [email protected]. They will usually help get a response on your application within a day.



If the information in this WIKI does not cover your questions, then please ask. We will answer and update WIKI accordingly.

Thanks - MeAPhool

Quote from arouncoumar :
For those needing clarity on LC closing costs, I was on the same boat. See what they charge here https://www.dropbox.com/s/r30ecea...t.png?dl=0
Quote from PeterLegend :
Here is a photo of my loan estimate from Loan Cabin, my lender credits should be closer to 3K based on my initial conversations with Bob so i'm following up with him on that.

I do see title insurance in my estimate. I reached out to Owning but I didn't quality for the no cost refinance option since my LTV was 73%, it has to be 50% or lower when I spoke to them.

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Joined Nov 2004
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> bubble2 1,118 Posts
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MeAPhool
10-23-2020 at 08:19 PM.
10-23-2020 at 08:19 PM.
Quote from mamakat :
Yes it's due on Nov 1. Is that why I have to pay it in full now?
If my loan would've closed in 30 days (end of August), this wouldn't be an issue?

**oops meant to be replying to johny707
As Scottman mentioned, contact your tax collector. Just to give you a data point, my township expects property taxes to be paid quarterly on the 1st of the month. However there is a 10 day grace period so you can pay on the 10th and the payment is considered on-time.

If you have some type of grace period, then there is no issue with having the title company handle the tax payment and adding your tax payment to your closing costs.

If you are worried about the title company paying late or making a mistake, then you should speak with Loan Cabin and ask about paying it yourself, providing them proof, and getting it removed from your Closing Disclosures.
Reply
Joined Nov 2009
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> bubble2 333 Posts
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hoak
10-23-2020 at 08:32 PM.
10-23-2020 at 08:32 PM.
Just got screwed by Owning. Applied in 9/26. Everything went smoothly. Suddenly they said the loan was denied on the closing date 10/23 because they determined I work part time (I have 2 jobs, 2 and 3 days each).

LO missing in action and didn't bother respond to explain to me. I just looked and Loan Cabin actually has the same rate without paying for points. Let's see if I have better luck there.
Reply
Joined Jul 2014
L2: Beginner
> bubble2 69 Posts
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levinthal2
10-23-2020 at 08:59 PM.
10-23-2020 at 08:59 PM.
Quote from zukuri :
My time line is

Better.com > bayshore > loandepot or better.com

2 months between better and bayshore
when I applied for bayshore, I also applied for loandepot and better.com and my lender was with Better.com (1st).
After closing with Bayshore, I was trying to do third refinance with either loandepot or better.com and let them know my lender has changed from Better to Bayshore.
When underwriting process was with loandepot and better.com, the lender was Better that they needed to change the terms or whatever to process my loan after my lender's change to Bayshore.
That was a good excuse that they can withdraw my applications that the loan condition has changed.

My lesson is when you do serial refinances on the same property, allow one or two months between two refinances that a new account is set up and ready for the next.
Thanks. That was a really "aggressive" refinancing. Now I understand your situation. I also learned some lesson from your experience. The most aggressive thing I did was applying for another refinancing with Better on the funding day of Better refinancing (to be eligible for another Amex promotion credit). I had some confusion/difficulty because of the servicing company change at the last minute.
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Joined Aug 2006
L6: Expert
> bubble2 1,812 Posts
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eversavage
10-23-2020 at 09:11 PM.
10-23-2020 at 09:11 PM.
Quote from mamakat :
Yes it's due on Nov 1. Is that why I have to pay it in full now?
If my loan would've closed in 30 days (end of August), this wouldn't be an issue?

**oops meant to be replying to johny707

I wouldn't risk paying a late fee on taxes..
Mine are due on November 1st, as well. So I went ahead and paid for it online.

Can't escape taxes or death
Reply
Joined Oct 2020
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> bubble2 11 Posts
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ScubaCatCA
10-23-2020 at 11:37 PM.
10-23-2020 at 11:37 PM.
Quote from hoak :
Just got screwed by Owning. Applied in 9/26. Everything went smoothly. Suddenly they said the loan was denied on the closing date 10/23 because they determined I work part time (I have 2 jobs, 2 and 3 days each).

LO missing in action and didn't bother respond to explain to me. I just looked and Loan Cabin actually has the same rate without paying for points. Let's see if I have better luck there.
Hoak, it seems that Owning may be having people sign closing documents before underwriting is completed, based on other posts I've seen. My own took a few weeks to fund after closing and I suspect they were still doing some of the underwriting tasks. If you're in California, I hear that Interactive Mortgage has better rates than Owning and closes in ~1 month. People seem to say that LC takes a really long time if that's important to you.
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Joined Nov 2009
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> bubble2 333 Posts
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hoak
10-23-2020 at 11:49 PM.
10-23-2020 at 11:49 PM.
Quote from ScubaCatCA :
Hoak, it seems that Owning may be having people sign closing documents before underwriting is completed, based on other posts I've seen. My own took a few weeks to fund after closing and I suspect they were still doing some of the underwriting tasks. If you're in California, I hear that Interactive Mortgage has better rates than Owning and closes in ~1 month. People seem to say that LC takes a really long time if that's important to you.
Interactive Mortgage requires a 60% LTV, correct? If it's higher than that, would the rate increase significantly?
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Joined Oct 2020
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> bubble2 11 Posts
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ScubaCatCA
10-24-2020 at 12:26 AM.
10-24-2020 at 12:26 AM.
Quote from hoak :
Interactive Mortgage requires a 60% LTV, correct? If it's higher than that, would the rate increase significantly?
They did tell me for the advertised rate that I have to have 60% LTV but I don't know how the rate changes for higher LTV. My loan officer said they make exceptions to some of the fine print, so it might be worth calling.
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Joined Aug 2006
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> bubble2 1,812 Posts
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eversavage
10-24-2020 at 12:53 PM.
10-24-2020 at 12:53 PM.
Quote from presto987 :
Who is the lender?

Are you saying that Radian originally quoted $795 when you asked for a quote, then you decided to use them, and they added new charges at closing? What is the breakdown of charges?

You are right that section E doesn't matter.

Yes, got a quote from Radian and it was only 795 in section C plus the taxes for section E
After the title was ordered i got the following items added to my LE:

the section C added items:

Title - Deed preparation $180
Title - Notary fee $225
___________________________

I assume this was the $795 quoted by Radian

Title - Settlement fee $450
Title - Lender's title insurance $345

My original section C on my 1st LE was total of 1050 so i thought the 795 quoted from Radian was going to be an instant savings of 1050-795 = $255
To be fair the Notary and deed prep was never listed in Section C until the lender got the title report.


Still waiting for the title to clear (its been a month) EEK!

I understand each case is different but my two other friends that started their refi a week after me decided to use the original title company because they didn't want to shop for Section C. They have already sign their CD with the notary

since its taking so long to close this refi,
I decided to pay for the taxes since its due in about a week. not sure if that is going to delay this Refi even further Roll Eyes (Sarcastic)
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Joined Sep 2020
L3: Novice
> bubble2 230 Posts
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JAC702
10-24-2020 at 02:26 PM.
10-24-2020 at 02:26 PM.
Quote from eversavage :
Yes, got a quote from Radian and it was only 795 in section C plus the taxes for section E
After the title was ordered i got the following items added to my LE:

the section C added items:

Title - Deed preparation $180
Title - Notary fee $225
___________________________

I assume this was the $795 quoted by Radian

Title - Settlement fee $450
Title - Lender's title insurance $345

My original section C on my 1st LE was total of 1050 so i thought the 795 quoted from Radian was going to be an instant savings of 1050-795 = $255
To be fair the Notary and deed prep was never listed in Section C until the lender got the title report.


Still waiting for the title to clear (its been a month) EEK!

I understand each case is different but my two other friends that started their refi a week after me decided to use the original title company because they didn't want to shop for Section C. They have already sign their CD with the notary

since its taking so long to close this refi,
I decided to pay for the taxes since its due in about a week. not sure if that is going to delay this Refi even further Roll Eyes (Sarcastic)
Hmm I wonder if closing is faster to use whatever Title co the lender quotes on the LE? I asked LC to move me to Radian since Radian quoted me $900 verse $1140 on LC LE.
Reply
Joined Jan 2006
L9: Master
> bubble2 5,223 Posts
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scottman
10-24-2020 at 02:52 PM.
10-24-2020 at 02:52 PM.
I personally only saw about $100 difference with radian but the description of the charges are all different across lenders, such as "settlement services" and the other will itemize "notary" etc.. so hard to be sure they all cover everything. I think it's very possible changing title company slows it down if the lender already has a favored title co that they are used to using and know who to contact, etc...
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Joined Jul 2006
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> bubble2 5,052 Posts
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shahhere
10-24-2020 at 02:57 PM.
10-24-2020 at 02:57 PM.
Quote from eversavage :
Yes, got a quote from Radian and it was only 795 in section C plus the taxes for section E
After the title was ordered i got the following items added to my LE:

the section C added items:

Title - Deed preparation $180
Title - Notary fee $225
___________________________

I assume this was the $795 quoted by Radian

Title - Settlement fee $450
Title - Lender's title insurance $345

My original section C on my 1st LE was total of 1050 so i thought the 795 quoted from Radian was going to be an instant savings of 1050-795 = $255
To be fair the Notary and deed prep was never listed in Section C until the lender got the title report.


Still waiting for the title to clear (its been a month) EEK!

I understand each case is different but my two other friends that started their refi a week after me decided to use the original title company because they didn't want to shop for Section C. They have already sign their CD with the notary

since its taking so long to close this refi,
I decided to pay for the taxes since its due in about a week. not sure if that is going to delay this Refi even further Roll Eyes (Sarcastic)

If you got a quote from Radian for the same lender then you should question why the settlement fee was not included.



If you made deed changes then you would have that as an extra line item.



Unless the $180 is whats in section E that is now included in the cost but then you shouldnt be paying it a second time in E.


Your title isnt cleared why? Whats been the issue? I have some complicated title items so it takes a while but not a month so again I'd question the delay.


If you need more help ping me your name/address and I can forward it to the Radian Contact I have to get some answers.


Shahhere
Reply
Joined Aug 2006
L6: Expert
> bubble2 1,812 Posts
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eversavage
10-24-2020 at 07:39 PM.
10-24-2020 at 07:39 PM.
Quote from shahhere :
If you got a quote from Radian for the same lender then you should question why the settlement fee was not included.



If you made deed changes then you would have that as an extra line item.



Unless the $180 is whats in section E that is now included in the cost but then you shouldnt be paying it a second time in E.


Your title isnt cleared why? Whats been the issue? I have some complicated title items so it takes a while but not a month so again I'd question the delay.


If you need more help ping me your name/address and I can forward it to the Radian Contact I have to get some answers.


Shahhere

Thx, for the info.... when I asked for the quote I submitted my LE after locking the rate.

I've written two emails so far to radian about the added fees...
But no response 😕 so I'll take the hit...

As for the title/deed. I did added a name .

Im trying to close asap... so I'm trying to not ruffle any more feathers ... I still have a no cost refi
Reply
Joined Apr 2007
L3: Novice
> bubble2 341 Posts
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presto987
10-25-2020 at 10:13 AM.
10-25-2020 at 10:13 AM.
Seems like the $180 was justified then.

But I wouldn't be happy with an unexpected $225 notary fee. Plus that is a pretty high amount for a notary. Did you have to do anything unusual with a notary, or just the standard closing signing?
Reply
Joined May 2008
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> bubble2 98 Posts
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wootwoot123
10-25-2020 at 01:07 PM.
10-25-2020 at 01:07 PM.
Quote from ScubaCatCA :
Hoak, it seems that Owning may be having people sign closing documents before underwriting is completed, based on other posts I've seen. My own took a few weeks to fund after closing and I suspect they were still doing some of the underwriting tasks. If you're in California, I hear that Interactive Mortgage has better rates than Owning and closes in ~1 month. People seem to say that LC takes a really long time if that's important to you.
I wouldn't count on that Interactive Mortgage timeline. Working through a refi with them now. The loan processor didn't get back to me until after my 30 day lock expired. They extended it but the experience has been slow with almost no communication. Going into week 7 here.
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Joined Mar 2008
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> bubble2 4,241 Posts
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aztony
10-25-2020 at 02:35 PM.
10-25-2020 at 02:35 PM.
Hi all. I've been considering refinancing but I'm pretty sure it wouldn't be worth it for my situation. Figured I'd ask the experts here for their opinion just to be sure.

Here's what I have:
Mortgage (Mr. Cooper) 30 yr. 2010: $130k
Balance: $80k
Interest: 4.5%
Value of Home: $215k (Zillow)
HELOC: $15k

I've been making extra payments to the principal for the last couple of years.
Reply
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