9 Best Austin Mortgage Lenders of 2022
Looking for an Austin mortgage lender? We've researched the city’s top lenders, selecting the best in various categories.
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners and here's how we make money.
Austin is a tech hub, the state capital and home to the University of Texas. It's no surprise that the city is growing rapidly. The surging population needs places to live, and plenty of mortgage companies are competing to help Austin home buyers realize the American dream.
NerdWallet has rounded up this list of national and regional mortgage lenders that we have reviewed, and that do a lot of lending in Austin. In addition, we've listed some locally based lenders that we have not reviewed, but which do plenty of business in Austin.
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
9 Best Austin Mortgage Lenders of 2022
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | Min. down payment ▾ ▾ | Learn more |
|---|---|---|---|---|
620 | 3% | Learn more at Rate | ||
 Fairway Independent Mortgage: NMLS#2289 Learn more at Fairway Independent Mortgage | 620 | 3% | Learn more at Fairway Independent Mortgage | |
 loanDepot: NMLS#174457 Compare More Lenders on NerdWallet | 520 | 3.5% | Compare More Lenders on NerdWallet | |
 PrimeLending: NMLS#13649 Compare More Lenders on NerdWallet | 580 | 0% | Compare More Lenders on NerdWallet | |
 Caliber: NMLS#15622 Compare More Lenders on NerdWallet | 580 | 0% | Compare More Lenders on NerdWallet | |
 Guild Mortgage: NMLS#3274 Compare More Lenders on NerdWallet | 540 | 3.5% | Compare More Lenders on NerdWallet | |
 Flagstar: NMLS#417490 Compare More Lenders on NerdWallet | N/A | 3% | Compare More Lenders on NerdWallet | |
 Chase: NMLS#399798 Compare More Lenders on NerdWallet | N/A | 15% | Compare More Lenders on NerdWallet | |
 Bank of America: NMLS#399802 Compare More Lenders on NerdWallet | 720 | 5% | Compare More Lenders on NerdWallet |
- Fully underwritten mortgage approval in as little as one day for qualified borrowers.
- Generous selection of loans, including government-backed, interest-only, jumbo and renovation.
- Advertises a HELOC that can be funded in as few as five business days.
- Origination fees are on the high side, according to the latest federal data.
- HELOC requires immediate, full withdrawal of funds.
Fairway Independent Mortgage: NMLS#2289
620
3%
- Loan options include government-backed mortgages and physician loans.
- Offers first-time home buyer grants to buyers in eligible locations.
- Highest scoring mortgage lender for customer satisfaction, according to J.D. Power.
- Mortgage rates aren't posted online.
- Online customer service requires contact information and phone is for existing customers only.
- Home equity loans and HELOCs are not available.
- Has been penalized for redlining.
- Offers a variety of repayment terms for fixed-rate loans.
- Does a substantial amount of business in FHA lending.
- mello smartloan product can streamline mortgage application, appraisal and title search.
- Interest rates are not available on the website.
- Can't apply for a mortgage on the lender's mobile app.
- Full online application includes document uploads and automated loan updates.
- Offers a "float-down" interest rate lock.
- Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans.
- No online mortgage rates — you have to contact the lender for info.
- Doesn't offer home equity products.
- Offers extensive educational resources for military borrowers.
- Participates in some down payment assistance and first-time home buyer programs.
- No mortgage rates displayed online.
- Doesn’t offer home equity loans or lines of credit.
- Offers several programs to make homeownership more accessible.
- Offers loans for manufactured homes.
- Renovation loan options are available.
- Does not publish interest rates online.
- No mortgage mobile app.
- Loans are not available in every state.
- Solid variety of refinance loan types.
- Easy to shop for mortgage rates on the website.
- Closes loans faster than average.
- Average origination fee is on the high side, according to the latest federal data.
- Doesn't offer energy-efficient mortgage refinances.
- Offers two proprietary loans with low down payment requirements.
- Provides customizable sample rates.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
- Borrowers must apply for prequalification before accessing a full online application.
- Origination fees are higher than average, according to the latest federal data.
- Borrowers may be frustrated with the lender’s website experience.
- Offers down payment and closing cost assistance programs.
- Existing customers who meet certain qualifications can receive a discount on mortgage lender origination fees and HELOC interest rates.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
- Doesn't offer renovation or construction-to-permanent mortgage loans.
- Must enroll in online banking to access Home Loan Navigator.
- Fined $12 million for reporting inaccurate mortgage applicant info to the federal government.
Local mortgage lenders in Austin
These lenders are based in Austin, know the city well and are experienced in mortgage lending. They have not been reviewed by NerdWallet.
Plenty of mortgage options from one of Austin's busiest mortgage lenders.
Offers an array of fixed-rate and adjustable-rate mortgages.
Products include VA loans for active-duty military and veterans; Community Hero loans for teachers, firefighters, police officers and military; and Medical Community loans for doctors and nurses.
Mortgage services from application to closing are handled by UFCU and not outsourced to a third party.
Loans to buy land are available.
Members may use a mobile app to begin the application process.
Works with home buyers who want to participate in Texas' home buyer assistance programs.
Participates in Texas bond programs to provide down payment assistance as well as tax credits.
Conventional loans with minimum 3% down payment and minimum credit score 620.
Offers FHA loans with minimum 620 credit score and VA loans, which don't require a down payment.
Offers borrowers a wide choice of mortgage programs from a homegrown lender.
Offers fixed-rate, adjustable-rate, VA, USDA, FHA, jumbo and construction loans.
You can start the application online and track the mortgage status.
Click to schedule a call from a loan officer if you prefer to speak to someone before or during application.
Options for home buyers and refinancers who want to get a mortgage from a local credit union.
Offers 15- and 30-year fixed-rate loans and 5/5 and 10/10 ARMs.
Down payments on fixed-rate loans as low as 5%.
Apply for a mortgage pre-qualification online in English or Spanish.
Join by making a one-time $10 payment to the A+ Education Foundation or being affiliated with a qualifying school, business or organization.
More from NerdWallet
Last updated on January 6, 2022
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
NerdWallet's Best Austin Mortgage Lenders of 2022
- Rate: Best for online experience
- Fairway Independent Mortgage: Best for online experience
- loanDepot: Best for FHA loans
- PrimeLending: Best for VA loans
- Caliber: Best for VA loans
- Guild Mortgage: Best for FHA loans
- Flagstar: Best for refinancing
- Chase: Best for jumbo loans
- Bank of America: Best for jumbo loans
