4. Guaranteed Rate
- APR: 2.165%
- Lender fees: $690
- Total interest: $40,489
- Monthly payment: $1,559
Licensed to operate in all 50 states, Guaranteed Rate allows borrowers to apply online to save on prepayment and closing costs. You may securely upload and sign your documents, though closing must be done in person.
Moreover, the Chicago-based lender provides detailed sample rates for their 15-year fixed rate mortgage products to help borrowers compare their offerings.
The lender has a median origination fee of $1,290 by the end of 2020, but it also allows a lender credit of $600.
Additionally, Guaranteed Rate offers good deals and excellent interest rates for creditworthy customers. Conversely, borrowers with a credit score of 620 and below may find it difficult to qualify due to the lender’s steeper requirements.
5. SoFi
- APR: 2.213%
- Lender fees: $1,495
- Total interest: $40,489
- Monthly payment: $1,559
Based in California, SoFi issues mortgage loans in Washington, D.C. and every state except for New York, Missouri, New Mexico, West Virginia, and Hawaii.