9 Best Los Angeles Mortgage Lenders of 2022
Looking for a Los Angeles mortgage lender? We've researched the city’s top lenders, selecting the best in five categories so you can have a first-rate experience and get the best mortgage rates.
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.
Los Angeles is home to many different financial institutions. If the idea of sorting through them all to find the right mortgage lender feels overwhelming, don’t worry — NerdWallet can give you a head start. Although they serve borrowers across the country, these lenders are among the most popular mortgage providers in Los Angeles. Whether you’re looking to buy a house in Silver Lake, refinance your Laurel Canyon bungalow or tap the equity in your Echo Park townhouse, these national and local mortgage lenders are a great place to start.
- 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 Los Angeles Mortgage Lenders of 2022
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Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | Min. down payment ▾ ▾ | Learn more |
|---|---|---|---|---|
580 | 3% | Learn more at New American Funding | ||
580 | 3% | Learn more at Rocket Mortgage, LLC | ||
580 | 3% | Learn more at Rate | ||
 Carrington: NMLS#2600 LEARN MORE on NerdWallet | 620 | 3% | LEARN MORE on NerdWallet | |
 Wells Fargo: NMLS#399801 LEARN MORE on NerdWallet | 620 | 3% | LEARN MORE on NerdWallet | |
 Navy Federal: NMLS#399807 LEARN MORE on NerdWallet | N/A | 0% | LEARN MORE on NerdWallet | |
 Flagstar: NMLS#417490 LEARN MORE on NerdWallet | 680 | 3% | LEARN MORE on NerdWallet | |
 Connexus: NMLS#649316 LEARN MORE on NerdWallet | 640 | 3% | LEARN MORE on NerdWallet | |
 Alliant: NMLS#197185 LEARN MORE on NerdWallet | N/A | 3% | LEARN MORE on NerdWallet |
New American Funding: NMLS#6606
580
3%
- Offers a wide variety of purchase and refinance mortgages, as well as unique buyer assistance programs.
- Its home equity line of credit can be used for a primary residence or second home.
- Average origination fees are on the high side, according to the latest federal data.
- Personalized mortgage rates are not available on the website without providing contact information.
Rocket Mortgage, LLC: NMLS#3030
580
National
- Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
- Mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
- Offers the option to work with loan officers by phone if desired.
- Getting a customized interest rate requires a credit check, which can affect your credit score.
- Doesn't offer home equity lines of credit.
- Origination fees are on the high side compared with other lenders, according to the latest federal data.
- Offers a one-day mortgage approval process.
- Offers a generous selection of loans, including government-backed, interest-only, ITIN, jumbo, and renovation loans.
- Advertises a HELOC that can be funded in as few as five business days.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
- Origination fees are higher than average, according to the latest federal data.
- HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
- Considers borrowers with bad credit, foreclosure or bankruptcy.
- Accepts self-employed borrowers.
- Mortgage origination fees are on the low side, according to the latest federal data.
- Interest rates are on the high side, according to the latest federal data.
- Doesn’t post interest rates online.
- No online chat for customer service.
Wells Fargo: NMLS#399801
620
3%
- Sample rates are shown for various loan products, along with the type of borrower and loan that would get them.
- Offers generous down payment and closing cost assistance programs for qualified borrowers.
- Market leader in number of jumbo loans and refinances originated, according to the latest federal data.
- Rate-and-term refinance interest rates offered are lower than average, according to the latest federal data.
- Home loans business is broadly focused on existing bank customers.
- Doesn’t offer specialty home loans or equity borrowing (home equity loans or HELOC).
- Scandals and government actions have damaged consumer trust in recent years.
- Offers a wide range of affordable mortgage products, including 0% down payment loans, designed for military members.
- Offers HELOCs and home equity loans.
- Offers low rates compared with most lenders, according to the latest federal data.
- Website does not provide customized mortgage rates based on credit score or other factors before you apply.
- Credit union membership is limited to veterans and current military members, their families, and certain federal employees, retirees and contractors.
- Offers a wide range of loan types and products, including FHA, VA and USDA.
- Borrowers can apply and track loan status online.
- Offers customized online rate quotes with monthly payment estimates, including mortgage insurance, when applicable.
- Home equity loans are geographically limited.
- Origination fees are on the high side compared with other lenders, according to the latest federal data.
Connexus: NMLS#649316
National
N/A
640
- Offers a range of fixed-rate and adjustable-rate mortgages in most states.
- Displays sample rates for its entire array of loan products, and you don't need to provide personal information to get a custom rate quote.
- Doesn't offer FHA, VA or USDA loans.
- Lacks document upload and online loan tracking capabilities.
- Mortgage borrowers do not need to become members of the credit union until they’ve reached the closing process, so interested home buyers can apply without committing to membership.
- Sample rates are displayed upfront, and it's easy to get detailed, personalized rates without providing any personally identifying information.
- No application fee.
- Customer service can be difficult to access as a non-member and may require sharing personal information.
- Home equity loans are not available.
Local mortgage lenders in Los Angeles
If you prefer a local mortgage experience, these Los Angeles lenders are among the highest-volume lenders in the city, though NerdWallet hasn’t reviewed them yet.
Ideal for California school employees and their families.
Down payments as low as 3%.
Reduced closing costs and fees.
Low- or no-mortgage-insurance loan options.
Online mortgage application.
Multiple Southern California branch locations.
Ideal for borrowers who want affordable loan options.
Multiple low-down-payment loans.
Loan options with no closing costs and no mortgage insurance.
Mobile app available.
Multiple branch locations in Los Angeles.
Ideal for borrowers who need down payment assistance.
Offers FHA, HomePath, Home Possible and MyCommunity mortgages.
Down payment assistance search tool.
Full online loan application.
Many California branch locations.
Ideal for borrowers who want help comparing loan products.
Dedicated loan officers to help you choose the right mortgage.
Offers affordable FHA and HomeReady loans, as well as a no-closing-cost option.
Free email alerts let you know when rates drop.
Digital document upload and application tracking.
Ideal for borrowers who prefer a homegrown lender.
Offers a full selection of loans, including FHA, VA, USDA, home equity loans and reverse mortgages.
Connects borrowers with California down payment assistance programs.
Headquartered in Corona, California.
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 Los Angeles Mortgage Lenders of 2022
- New American Funding: Best for first-time home buyers
- Rocket Mortgage, LLC: Best for refinancing
- Rate: Best for refinancing
- Carrington: Best for first-time home buyers
- Wells Fargo: Best for in-person service
- Navy Federal: Best for veterans
- Flagstar: Best for home equity loans
- Connexus: Best for home equity loans
- Alliant: Best for customer service
