10 best mortgage lenders of 2022 for borrowers with low or bad credit


Rocket Mortgage, LLC: NMLS # 3030

Ideal for the online experience

580

CONVENTIONAL: 620
GIANT: N / A
FHA: 580
VIRGINIA: 620

3.5%

First-time home buyers can qualify for a 3% Rocket mortgage.

Quicken Loans

Quicken Loans: NMLS # 3030

Ideal for refinancing

580

CONVENTIONAL: 620
VIRGINIA: 620
GIANT: N / A
FHA: 580

3.5%

On conventional loans, Quicken offers down payments as low as 3%.

New American funding

New US funding: NMLS # 6606

Great for low or bad credit scores overall

640

VIRGINIA: 580
USDA: 640
GIANT: N / A
FHA: 640
CONVENTIONAL: 620

3.5%

New American Funding works with down payment assistance programs in 14 states, including California, Texas, Florida, and Illinois.

BNC National Bank

BNC National Bank: NMLS # 418467

Ideal for FHA loans

640

VIRGINIA: 640
GIANT: N / A
CONVENTIONAL: 640
USDA: 640
FHA: 640

3.5%

BNC Banque Nationale offers conventional loans starting at only 3%.

Carrington

Carrington: NMLS # 2600

Great for low or bad credit scores overall

500

VIRGINIA: 500
USDA: 550
GIANT: N / A
FHA: 500
CONVENTIONAL: 620

3.5%

Carrington Mortgage Services offers conventional loans starting at just 3%.

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Network capital

Network capital: NMLS # 11712

Ideal for customer support

640

USDA: 640
GIANT: N / A
CONVENTIONAL: 620
VIRGINIA: 640
FHA: 640

3.5%

Network Capital offers conventional loans with as little as 3% down payment

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House bridge

Hitch bridge: NMLS # 6521

Ideal for customer support

550

VIRGINIA: 550
USDA: 550
GIANT: N / A
FHA: 550
CONVENTIONAL: 620

3.5%

Homebridge offers conventional loans for as little as 3% down payment.

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Mr. Cooper

Mr. Cooper: NMLS # 2119

Ideal for refinancing

620

VIRGINIA: 600
GIANT: N / A
FHA: 580
CONVENTIONAL: 620

3%

Mr. Cooper offers conventional loans for as little as 3% down payment.

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Citibank

Citibank: NMLS # 412915

Ideal for a low down payment

N / A

3.5%

Citibank offers down payments as low as 3% through its HomeRun loan program.

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Federal Navy

Federal Navy: NMLS # 399807

Ideal for a low down payment

N / A

0%

Navy Federal Credit Union offers down payments as low as 0% on loans to military families.

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