Better Mortgage Review 2026 | U.S. News
Better
Lenders are rated using a calculated overall score based on affordability, eligibility, customer service and other factors. The highest scoring lenders were identified in each category. Ratings are prepared by U.S. News staff. Ratings have not been reviewed or approved by advertisers.
Better Mortgage Loans Are Best For:
- Borrowers seeking an online mortgage process
- Borrowers who are comfortable without in-person branch support
- Borrowers who aren’t seeking niche loans, like nonqualified mortgages or construction loans
Better offers loans to borrowers in all 50 states, plus Washington, D.C. The lender requires you to have a 620 credit score for a conventional mortgage. For jumbo loans, you’ll need a 700. Borrowers with a debt-to-income ratio of up to 50% may qualify.
NMLS #330511
Better is a direct lender offering online home loans. Borrower options include conforming loans, jumbo loans, Department of Veterans Affairs loans, Federal Housing Administration loans, HELOCs, home equity loans and refinance mortgages.
To apply for a mortgage with Better, you can start by viewing your customized rates.
- Visit the lender’s website and click Continue, or call 415-523-8837 to speak with a representative.
- Potential borrowers can apply for two types of preapproval letters from Better. Better will use your self-reported income and a soft credit check for a basic preapproval, while a verified preapproval involves a more detailed review of your financial information.
- Once you’re ready to move forward, you must complete a set of tasks to lock your rate and submit any remaining documentation.
- Expect to close three to six weeks after locking your rate.
If Better Real Estate referred you to your real estate agent, you may qualify for $10,000 in mortgage closing cost savings. If you find a competing lender with a better offer, Better will match its price and give you a $100 credit under certain circumstances.
Better has an “excellent” score on Trustpilot, with more than 2,000 reviews.
The Consumer Financial Protection Bureau received 33 complaints about Better Mortgage Inc., in 2025. The company gave a timely response to 22 of the complaints. It closed all complaints with an explanation, most of which involved the application process.
Better offers rate-and-term and cash-out refinancing, with adjustable or fixed rates. Terms range from five to 30 years.
Better also offers home equity lines of credit.
An initial payment made when the home is bought.
The amount of time you have to repay the mortgage.
The APR (annual percentage rate) you pay to the lender, which can be found in your loan agreement. The default displayed represents yesterdays national average APR for 30-year fixed mortgages.
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