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Better Mortgage Reviews


bestfor-icon Quick Cash Out Refinance

Written by Ali Rivzi

About Better Mortgage | Read More


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  • hello@better.com
  • (415) 523-8837
  • Headquarters: 3 World Trade Center, 175 Greenwich Street, 57th Floor, New York, NY 10007
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Better Mortgage Mortgages Review

Better Mortgage has a customer-friendly online only interface, on which customers can get pre-approved and see their rates in a matter of minutes. Their application is free, and has no application fee, lender processing fee, or origination fees. Better Mortgage offers a program that allows qualifying buyers to make cash offers and also offer a cash guarantee that qualifying mortgages will close on time. The lender offers home loans in all 50 states and Washington D.C, however, VA loans and some other product offerings are not available in every state.

Better Mortgage Mortgages Highlight


Min Credit Score


APR. Fixed Rate

Max $3M

Mortgage Amount

5 or 30 year terms

Repayment terms


Soft Credit Pull


Lender Type


Underwriting Fee


Other Fees


Origination Fee


Prepayment Fee

3 Weeks

Funding Time



Mortgage Refinance


APR. Fixed Rate

Max $3M

Mortgage Amount

Pros & Cons

  • con-icon Better Mortgage offers a Low Price Promise
  • con-icon No origination fees, lender fees, or commission fees
  • con-icon 100% online-based and available 24/7
  • con-icon Online application process
  • con-icon Better Mortgage only works with customers who have credit scores above 620
  • con-icon If applying for a loan with a co-borrower, underwriters use the lowest credit score for qualification purposes
  • con-icon No government-backed loans such as USDA or VA mortgages
  • con-icon Not a great choice for investors

Mortgage Type

  • Mortgage Purchase
  • Mortgage Refinance
  • Fixed
  • Adjustable
  • Home Improvement
  • FHA
  • VA
  • Jumbo

Better Mortgage Mortgages Terms & Requirements

Better Mortgage offers conventional, FHA, jumbo and VA loans; they also offer refinancing; their adjustable rates terms are 10/1 ARM, 7/1 ARM, 5/1 ARM, and fixed rates terms are 30-year, 20-year, 15-year. Better Mortgage offers several products and services but a select few distinguish them from other mortgage lenders in the industry.

Better Mortgage offers title and homeowners insurance helping to seamlessly synchronize the entire home buying process; and they offer a Better Home Card to help you pay for everything your home may need for improvement including contractors, renovations, appliances, and furniture. The Better Home Card offers a low interest of just 5.49% for qualified customers and up to 20% back on purchases.

How to Apply

To apply for any of Better Mortgages’ products or services simply go to their website , and select “buy” or “refinance”. After which it will ask you questions relating to your needs, and will require details including but not limited to your credit score, zip code, name, and contact details. If you need help at any part of the process, simply message within the chat box at the bottom of the screen, or call their helpline number located at the top of the screen.

Qualification Requirements

Min. Credit score Minimum 620 required
Min. debt-to-income ratio N/A
Min. annual income N/A
Min. age of borrower N/A
Citizenship/residency N/A

Required Information

To get pre-approved for any of the products and services Better Mortgage provides you will need to gather the following information prior to submitting the information. Depending you your individual circumstances the information and details required may include:

  • name
  • address
  • proof of identity
  • phone number
  • credit score
  • social security number
  • proof of income
  • desired amount to borrow

Application Steps & Time Frames

  • Fill out the short online application (5-7 minutes).
  • Get pre-approved in as little as 3 minutes.
  • Call or chat online about your pre-approval. Their customer service is very helpful.
  • Find and put an offer on a house.
  • Close within 30 – to 45 days (may differ depending on the loan amount).

State Availability

- Available in all states

Written by Ali Rivzi linkedin-icon

Ali Rizvi is a published author, financial analyst, and market researcher. He's passionate about providing in-depth insights and analysis in the finance and blockchain industries. With a Bachelor's in Finance from Purdue University and a background studying abroad at the University of Cambridge, he brings a wealth of knowledge and expertise to the table.



Why choose Better Mortgage?

Their team is fully committed to helping you in the mortgage process, 24/7. You can get a pre-approval within minutes with their 100% online process.

Is Better Mortgage customer friendly?

Better Mortgage prides themselves on zero-incentives for their loan officers which means that their interests are aligned with their customers and not incentive based! Their motto is “A support team, not a sales team”.

Are the fees associated with a mortgage high?

Better Mortgage has zero-fees associated with their lending process. They charge no commissions, no lender fees, and no origination fees.

Customer Support

Better Mortgage has an online chat, a 24/7 call feature, and an emailing feature to aid customers with whatever they may need. Their online chat and call feature both have live experts ready and waiting to help you, regardless of what stage in the lending process you are in. Their agents usually get back to you via email within 24-48 hours, helping to make your lending process as fast and efficient as possible. Regardless of what product or service you are interested in or may have a problem with, their agents are ready to help you, or connect you with the appropriate department to make sure your needs are met.

Privacy & Security

Better Mortgage Corporation has a comprehensive privacy policy, including information about how consumers can use the Fair Credit Reporting Act to limit the sharing of personal information with other companies. They use encryption technologies when transmitting information to protect your personal information. Remember, however, that if you email with Better Mortgage from your personal email account, this is not a secure form of communication for transmitting sensitive information.

The privacy policy also states that customers have the right to opt-out of future marketing efforts.

In Conclusion

Better Mortgage is for people who are looking for a quick and efficient, online-only process. They pride themselves on being customer oriented and are available 24/7 to help the customers in any way possible with the mortgage process. Their website is quite helpful and informative about interest rates, loan process, and will either get you a realtor or the information on getting a realtor to help you in your local area. Their available products and services may differ depending on what state you are in, however their process is extremely efficient and entirely free. They also offer a pre-approval process that does not impact your credit score, with a soft-credit pull.

Brand Disclaimer

© 2020 Better Holdco, Inc. and/or its affiliates. All rights reserved.Home lending products offered by Better Mortgage Corporation. Better Mortgage Corporation is a direct lender. NMLS #330511. 120 Broadway, 5th Floor, New York, NY 10271. Loans made or arranged pursuant to a California Finance Lenders Law License. Not available in all states. Equal Housing Lender. NMLS Consumer Access. Better Real Estate, LLC is a Virginia Licensed Real Estate Firm with its principal office located at 312-F East Market St., Leesburg, VA 20176. License #0266029484. Equal Housing Opportunity. Better Settlement Services, LLC. 175 Greenwich Street, FL 59, New York, NY 10007. Homeowners insurance policies are offered through Better Cover, LLC, a Pennsylvania Resident Producer Agency. License #881593. 175 Greenwich Street, FL 59, New York, NY 10007. Better Cover is Registered in the U.S. Patent and Trademark Office. Better Mortgage Corporation, Better Real Estate, LLC, Better Settlement Services, LLC and Better Cover, LLC are separate operating subsidiaries of Better Holdco, Inc. Each company is a separate legal entity operated and managed through its own management and governance structure as required by its state of incorporation, and applicable and legal and regulatory requirements. Products not available in all states. The Better Home Logo is Registered in the U.S. Patent and Trademark Office

*Terms apply