You have various lending options in Florida if you are trying to purchase or refinance a house. Choosing the finest mortgage lender is one of the most important steps in locating the most suitable mortgage for you, regardless of whether your homeownership goal in the Sunshine State is a condo on the beachfront or a suburban mid-century modern house near excellent schools.

The national and regional lenders included in the table, all of which have been evaluated, are some of the best mortgage lenders Florida, even though they serve clients from throughout the country.

New American Funding

Beneficial for: Borrowers purchasing their first home as well as other borrowers searching for a diverse selection of financing options

Pros

• Provides a broad range of mortgage options for purchase and refinancing, with the primary goal of assisting underprivileged populations.
• It is possible to utilize either an owner-occupied or a second house as collateral for its home equity line of credit.
• Provides potential purchasers with a service that enables them to make cash bids.

Cons

• According to the most recent statistics from the federal government, mortgage origination costs tend to be on the higher end.

Guaranteed Rate

Beneficial for borrowers looking for a comprehensive selection of loan kinds, including interest-only and jumbo alternatives, as well as an entirely online application and approval process.

Pros

• Detailed rate examples are included for a variety of the company's loan products.
• Provides access to various loan options, including interest-only and jumbo options.
• According to the most recent statistics from the federal government, the company provides competitively low-interest rates compared to other lenders.

Cons

• Does not provide loans against home equity.

Rocket Mortgage, LLC

Borrowers who value a digital home loan experience and cheaper mortgage rates than those offered by other lenders may consider this option.

Pros

• The streamlined online procedure with possibilities for document and asset retrieval, as well as the capacity to update your preapproval letter
• According to the federal government's most recent statistics, the interest rates on lenders offered by this mortgage are among the lowest available.
• It provides the option to interact with loan officers over the phone if that is wanted.

Cons

• A credit check is required to get a tailored interest rate, and this check has the potential to influence your credit score.
• Home equity loans and lines of credit are not available via this lender.
• According to the most recent statistics from the federal government, origination costs are on the higher end of the spectrum than those charged by other lenders.

Churchill

It provides flexibility for customers who do not have credit ratings, but its "debt-free" recommendations may not be appealing to all customers.

Pros

• Provides various lending options for consumers who need to possess credit ratings.
• Provides digital comforts such as document uploading and electronic signatures for users.

Cons

• Does not give information regarding rates and fees through its web platform.
• Does not provide home equity loans or home equity line of credit options.
• According to the most recent statistics from the federal lender, the costs charged by lenders are rather significant.

SunTrust (Truist)

Beneficial for borrowers who have never purchased a house before, professionals in the medical field, and those who are interested in low-down-payment mortgage choices.

Pros

• Provides a broad range of financing choices, some tailored specifically for medical professionals.
• Provides access to comprehensive online mortgage application tools and loan monitoring capabilities.
• On the website, you may quickly get examples of rates and fees to use.

Cons

• You will get individualized pricing information online once you start an application.
• The Southeast is where the majority of our branches are located.

BB&T (Truist)

• BB&T specializes in providing a convenient online banking experience and provides a wide range of lending options; nevertheless, the company has a limited physical presence in regions outside of the Southeast.

Pros

• Provides a range of mortgages with minimal initial deposits and building and renovation financing.
• Users of the website can generate online rate estimates based on the kind of loan and property, the amount, and the location.
• Offers a mortgage application that may be completed online.

Cons

• Branches are located mostly in the Southeastern United States.
• Does not provide loans via the FHA.

Bank of America

Beneficial for homeowners who are interested in a home equity line of credit as well as first-time home purchasers who are searching for choices requiring a low or no down payment.

Pros

• Provides help with programs for both the down payment and closing costs.
• It is possible to provide discounts on mortgage lender origination costs and HELOC interest rates to consumers already using the service.
• According to J.D. Power and Associates, receives good grades for customer satisfaction. The power, as well as Zillow.