New Hampshire’s Best Mortgage Lenders & Current Mortgage Rates

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Is a move to the Granite State in your future? You wouldn’t be the only one. New Hampshire’s homeownership rate is over 71% it has nearly 640,000 housing units, according to the U.S. Census Bureau’s 2018 American Community Survey.

While the national median housing value is $229,700, New Hampshire’s median housing value comes in higher at $270,000. You can expect to pay lower prices for homes in certain areas around the state.

U.S. News’ Best New Hampshire Mortgage Lenders of 2021

PNC Bank

3% Min. Down Payment
Not disclosed Min. Credit Score

Lender

Learn More
3% Min. Down Payment
Not disclosed Min. Credit Score

Best for bad credit

Carrington Mortgage Services makes a range of mortgages, including refinancing, available to borrowers nationwide. The company, which provides conventional government-backed mortgages, has funded $22 billion in home loans since 2011.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, Carrington Flexible Advantage, first-time buyers, refinancing
  • Minimum FICO credit score: 500
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • Applicants with credit scores as low as 500 are accepted for some products.

  • Conventional loans are offered with down payments as low as 3%.

See full profile

Best for product availability

Fairway Independent Mortgage Corp. is based in Madison, Wisconsin, has funded billions of dollars in loans since the company began in 1996 – more than $58 billion in 2020 alone. The lender offers several mortgage products, including conventional, Federal Housing Administration, U.S. Department of Agriculture, U.S. Department of Veterans Affairs refinancing loans. Fairway Independent Mortgage also provides jumbo loans for home purchases in high-cost markets, renovation loans, adjustable-rate mortgages reverse mortgages. Fairway is an independent mortgage company serves as a mortgage broker direct lender.

Before You Apply

  • Mortgage types: fixed rate, ARM, conventional, USDA/Rural Development, FHA, VA, jumbo, refinance, renovation, reverse mortgage
  • Minimum FICO credit score: 580
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • The selection of mortgages includes VA USDA loans, which often have no down payment requirements.

  • The company has an A+ customer service rating with the Better Business Bureau.

  • Renovation loan options include the HomeStyle Renovation Loan, which combines the cost of remodeling the mortgage into one loan.

See full profile

Best for consumers with credit scores between poor good

NBKC Bank is a Kansas-based mortgage lender. It originates home loans in all 50 states.

Before You Apply

  • Mortgage types: conventional, fixed rate, ARM, FHA, refinance, VA, FHA Streamline Refinance, Refi Plus, VA Streamline Refinance
  • Minimum FICO credit score: 620
  • Maximum loan amount: Not disclosed
  • Better Business Bureau rating: A+

Best Features

  • Borrowers with fair credit may qualify.

  • It features a simple online application process.

  • VA loan borrowers aren’t charged lender fees.

See full profile

Best for product selection

Guild Mortgage, founded in 1960, specializes in home loans serves borrowers nationwide. The lender’s full suite of products includes conventional government-backed mortgages home renovation loans.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, refinancing, renovation, jumbo
  • Minimum FICO credit score: 620
  • Maximum loan amount: $2 million
  • Better Business Bureau rating: A+

Best Features

  • A broad range of mortgage products are offered.

  • Special mortgage programs for first-time buyers manufactured homebuyers are available.

See full profile

Best for VA loans

Veterans United Home Loans provides mortgages to veterans military families in all 50 states Washington, D.C., specializes in VA loans.

Before You Apply

  • Mortgage types: VA, VA jumbo, refinance
  • Minimum FICO credit score: 640
  • Maximum loan amount: $1.5 million
  • Better Business Bureau rating: A+

Best Features

  • No down payment or PMI are required.

See full profile

Best for large loan amounts

Bank of America serves roughly 66 million customers in all 50 states. The lender offers conventional, Federal Housing Administration, Department of Veterans Affairs jumbo loans, as well as home equity lines of credit mortgage refinancing.

Before You Apply

  • Mortgage types: fixed rate, Affordable Loan Solution, FHA, VA, ARM, home equity line of credit, fixed-rate refinancing, FHA refinancing, VA refinancing, cash-out refinancing, adjustable-rate refinancing, jumbo
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • Bank of America has a wide variety of mortgage products.

  • The lender offers origination fee discounts for qualifying Bank of America Merrill Lynch clients.

  • Home equity lines of credit have no annual, application or cash advance fees or closing costs.

  • Bank of America offers a first-time homebuyer program.

See full profile

Best for low down payment

PNC Bank is one of the largest U.S. banks, serving more than 8 million customers in all 50 states. PNC offers most types of mortgages.

Before You Apply

  • Mortgage types: fixed rate, FHA, VA, USDA, ARM, home equity line of credit, refinancing, medical professional mortgage program, jumbo, PNC Community
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $5 million
  • Better Business Bureau rating: A+

Best Features

  • Multiple types of mortgages are available.

  • Some mortgage options require no or low down payments.

  • PNC supplies an online home ownership cost tool.

See full profile

Best for no down payment

Alliant Credit Union is a nonprofit financial cooperative. The credit union serves customers in all 50 states. Mortgage products include conventional, jumbo refinancing loans, home equity lines of credit.

Before You Apply

  • Mortgage types: Traditional, ARM, refinancing, home equity line of credit, Alliant Advantage Mortgage
  • Minimum FICO credit score: 620
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • No-down-payment mortgages are available for first-time homebuyers with excellent credit.

  • Mortgages are available to borrowers with FICO credit scores as low as 620.

See full profile

Best for online service

Caliber Home Loans of Coppell, Texas, offers mortgage home equity products nationwide. Options include conventional, adjustable-rate, refinancing, Federal Housing Administration, U.S. Department of Agriculture Veterans Affairs loans. Caliber has been in business since 2008, is focused on home lending products.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, refinancing, bond, renovation, Freddie Mac HomeOne, Freddie Mac Home Possible, Fannie Mae HomeReady
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A

Best Features

  • The first-time homebuyer program HomeOne can require a down payment of as little as 3% borrowers may qualify with a minimum 620 credit score.

  • Government-insured loans including Federal Housing Administration, Veterans Affairs, United States Department of Agriculture programs are available.

See full profile

What Are the Mortgage Rates in New Hampshire?

The average interest rate for a 30-year fixed-rate conforming mortgage in New Hampshire is 2.84%. Home interest rates range from 2.5% to 3.38% in New Hampshire.

What Are Today’s Mortgage Rates?

Mortgage Calculator

Is your dream home within reach? U.S. News’ mortgage calculator will show you how much house you can afford.

What Are Some New Hampshire Homebuyer Programs?

New Hampshire Housing Finance Authority provides multiple programs to help New Hampshire homebuyers purchase a home. These include tax credits, forgivable second mortgages for down payment or closing cost assistance, rehab loans low mortgage insurance requirements.

  • Available to: Eligible New Hampshire homebuyers.
  • Income limits: Incomes up to $135,300.
  • First-time homebuyers only? No.
  • Benefits: Federal Housing Administration, Veterans Affairs or United States Department of Agriculture Rural Development mortgage with up to 3% of the loan amount in cash funds for down payment or closing cost assistance in the form of a forgivable four-year second mortgage.

  • Available to: Eligible New Hampshire homebuyers.
  • Income limits: Up to 80% area median income.
  • First-time homebuyers only? No.
  • Benefits: Conventional mortgage with up to 3% of the loan amount in cash funds for down payment or closing cost assistance in the form of a forgivable second mortgage.

  • Available to: Eligible New Hampshire homebuyers buying a fixer-upper.
  • Income limits: Incomes up to $135,300.
  • First-time homebuyers only? No.
  • Benefits: Allows you to add up to $35,000 to your purchase mortgage for repairs upgrades; qualify with a down payment as low as 3.5%.

  • Available to: Qualifying New Hampshire borrowers who finance their homes with a New Hampshire Housing first mortgage.
  • Income limits: Vary by area household size (see income limits).
  • First-time homebuyers only? No.
  • Benefits: A federal tax credit of up to $2,000 per year based on interest paid.

  • Available to: Qualifying New Hampshire homebuyers in specific New Hampshire resident-owned communities.
  • Income limits: Incomes up to 80% of the area median income.
  • First-time homebuyers only? No.
  • Benefits: Low conventional rates, down payment as low as 5% low mortgage insurance requirements.

View More Best New Hampshire Mortgage Lenders

Best for product range

CMG Financial is a privately held mortgage banking firm operating nationwide with localized support, founded in 1993 based in San Ramon, California. The lender offers a range of products including conventional, government specialty mortgages, like jumbo loans.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, jumbo, All in One Loan, 203K Renovation Loan, Fannie Mae HomeReady, Freddie Mac Home Possible, HomeFundIt, refinance
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Exclusive mortgage products include the HomeFundIt for crowdfunding a down payment.

  • The lender has a national presence with regional fulfillment local support.

  • CMG Financial offers a mobile app.

See full profile

Best for fair credit

Flagstar offers banking lending products in every state. Borrowers can select from conventional or government-backed mortgages, such as FHA, VA U.S. Department of Agriculture loans, opt for adjustable-rate mortgages. Other choices include home equity loans lines of credit.

Before You Apply

  • Mortgage types: conventional, VA, ARM, FHA, USDA, jumbo, refinance, home equity
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Flagstar Bank provides a broad selection of mortgages home equity loans.

  • Some mortgages require no or a low down payment.

  • Borrowers can apply for loans online.

See full profile

Best for digital mortgages

LoanDepot is an online lender operating in all 50 states with more than 200 in-person branches. The company was founded in 2010 is headquartered in Southern California. LoanDepot offers Federal Housing Administration Department of Veterans Affairs loans, as well as home equity refinancing loans.

Before You Apply

  • Mortgage types: refinance, jumbo, hybrid ARM, fixed rate, HARP, VA, FHA, 203k loan
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • LoanDepot mortgages have a lifetime guarantee, which means if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fees reimburse appraisal fees.

  • The company offers a variety of mortgage products.

  • It’s licensed in all 50 states.

See full profile

Best for digital customer care

PrimeLending is a Dallas-based mortgage lender with several mortgage loan options, including conventional loans, jumbo loans, government-backed loans refinance loans. The lender is a subsidiary of PlainsCapital Bank.

Before You Apply

  • Mortgage types: fixed rate, ARM, conventional, cash-out refinance, refinance, jumbo, FHA, VA, USDA, new construction, interest rate reduction refinance loan
  • Minimum FICO credit score: 640
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • Homebuyers can choose from a variety of mortgage products.

  • Home loans are available nationwide.

  • Down payment closing cost assistance is available.

See full profile

Best for conventional mortgage

Citizens Bank is a regional bank based in Providence, Rhode Island. It offers traditional banking services products, including home loans mortgage refinance loans.

Before You Apply

  • Mortgage types: conventional, ARM, refinance, HELOC, jumbo, fixed rate
  • Minimum FICO credit score: undisclosed
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • Citizens Bank provides a homebuying service with rewards for borrowers in select states.

  • Homebuyers can get an interest rate discount for qualifying automatic payments.

  • Borrowers can apply online.

See full profile

Best for government loans

Founded in 2008, PennyMac is a national mortgage lender with more than $402 billion in loans serviced. PennyMac offers a range of home loans, including conventional, Federal Housing Administration, Veterans Affairs investment property mortgages.

Before You Apply

  • Mortgage types: conventional, FHA, VA, ARM, refinancing
  • Minimum FICO credit score: 620
  • Maximum loan amount: $765,600
  • Better Business Bureau rating: A+

Best Features

  • PennyMac accepts a 50% debt-to-income ratio for conventional loans in some instances.

  • Online capabilities include a 24/7 access center email status updates.

See full profile

Best for low APR

New American Funding is a national mortgage lender with a variety of home loan options. The lender has processed more than $27 billion in mortgages.

Before You Apply

  • Mortgage types: ARM, cash-out refinance, conventional, FHA, HELOCs, jumbo, reverse, USDA VA
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Provides multiple mortgage options, including low no down-payment loans

  • Offers fixed- or adjustable-rate mortgages

See full profile

Best for product availability

Freedom Mortgage Corp. serves more than 1 million customers in all 50 states, plus the District of Columbia, the U.S. Virgin Islands Puerto Rico. The lender offers various mortgage products, including conventional, adjustable-rate, jumbo, refinance, Federal Housing Administration, Department of Veterans Affairs U.S. Department of Agriculture loans.

Highlights
Mortgage types offered: Conventional, FHA, VA, USDA, Refinancing (conventional), Refinancing (FHA), Refinancing (VA), Refinancing (USDA)
• Minimum FICO score: 620 (conventional), No minimum (VA), 540 (FHA), No minimum (USDA)
• Max DTI: Not disclosed
• J.D. Power satisfaction rating: Two out of five

Best Features

  • Wide selection of mortgage loans.

  • Prequalification is available.

  • Borrowers with fair credit may qualify.

See full profile

Best for client relations

Purchase loans from Atlanta-based SunTrust Bank are available for first-time repeat buyers, with refinance loans available to existing homeowners.

Before You Apply

  • Mortgage types: conventional, refinancing, fixed-rate, ARM, affordable financing, Federal Housing Administration loans, Department of Veterans Affairs loans, USDA Rural Development loans, conventional financing for high-cost areas, doctor loan program, jumbo, premier loans for professionals entrepreneurs
  • Minimum FICO credit score: undisclosed
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • FHA, USDA VA loans are available.

  • Special terms are offered to medical professionals.

  • An online application is available.

See full profile

Best for: Borrowers who want an online experience plus top-notch customer service

Quicken Loans is a nationwide mortgage lender with several mortgage options. Known for customer service, the lender has an A+ Better Business Bureau rating received a rating of five (among the best) in the 2018 U.S. Primary Mortgage Origination Satisfaction Study.

Highlights:

  • Mortgage types offered: ARM, FHA, VA, Refinancing (FHA), USDA, Conventional, Refinancing (conventional)
  • Minimum FICO credit score: 580 (FHA), other loans vary
  • Maximum debt-to-income ratio: 60%
  • J.D. Power satisfaction rating: Five out of five

Best Features

  • Complete loan process available online.

  • Wide variety of mortgage products.

  • Good customer service ratings.

See full profile

Advertising Disclosure: Some of the loan offers on this site are from companies
who are advertising clients of U.S. News. Advertising considerations may impact
where offers appear on the site but do not affect any editorial decisions,
such as which loan products we write about how we evaluate them. This site
does not include all loan companies or all loan offers available in the marketplace.

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Kansas’ Best Mortgage Lenders & Current Mortgage Rates

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If you’re considering buying a home in the Sunflower State, you’ll be among nearly three million fellow Kansas residents. There are nearly 1.3 million housing units in the state, the homeownership rate of 66% is above the national average of 64%, according to the U.S. Census Bureau’s 2018 American Community Survey.

Kansas’s median housing value is $159,400, which is well below the national median of $229,700. Home values may be higher in different regions, however, with the highest reported median price by county reaching $244,100.

U.S. News’ Best Kansas Mortgage Lenders of 2021

PNC Bank

3% Min. Down Payment
Not disclosed Min. Credit Score

McGlone

5% Min. Down Payment
Not disclosed Min. Credit Score

Lender

Learn More
3% Min. Down Payment
Not disclosed Min. Credit Score

Lender

Learn More
5% Min. Down Payment
Not disclosed Min. Credit Score

Best for bad credit

Carrington Mortgage Services makes a range of mortgages, including refinancing, available to borrowers nationwide. The company, which provides conventional government-backed mortgages, has funded $22 billion in home loans since 2011.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, Carrington Flexible Advantage, first-time buyers, refinancing
  • Minimum FICO credit score: 500
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • Applicants with credit scores as low as 500 are accepted for some products.

  • Conventional loans are offered with down payments as low as 3%.

See full profile

Best for product availability

Fairway Independent Mortgage Corp. is based in Madison, Wisconsin, has funded billions of dollars in loans since the company began in 1996 – more than $58 billion in 2020 alone. The lender offers several mortgage products, including conventional, Federal Housing Administration, U.S. Department of Agriculture, U.S. Department of Veterans Affairs refinancing loans. Fairway Independent Mortgage also provides jumbo loans for home purchases in high-cost markets, renovation loans, adjustable-rate mortgages reverse mortgages. Fairway is an independent mortgage company serves as a mortgage broker direct lender.

Before You Apply

  • Mortgage types: fixed rate, ARM, conventional, USDA/Rural Development, FHA, VA, jumbo, refinance, renovation, reverse mortgage
  • Minimum FICO credit score: 580
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • The selection of mortgages includes VA USDA loans, which often have no down payment requirements.

  • The company has an A+ customer service rating with the Better Business Bureau.

  • Renovation loan options include the HomeStyle Renovation Loan, which combines the cost of remodeling the mortgage into one loan.

See full profile

Best for consumers with credit scores between poor good

NBKC Bank is a Kansas-based mortgage lender. It originates home loans in all 50 states.

Before You Apply

  • Mortgage types: conventional, fixed rate, ARM, FHA, refinance, VA, FHA Streamline Refinance, Refi Plus, VA Streamline Refinance
  • Minimum FICO credit score: 620
  • Maximum loan amount: Not disclosed
  • Better Business Bureau rating: A+

Best Features

  • Borrowers with fair credit may qualify.

  • It features a simple online application process.

  • VA loan borrowers aren’t charged lender fees.

See full profile

Best for product selection

Guild Mortgage, founded in 1960, specializes in home loans serves borrowers nationwide. The lender’s full suite of products includes conventional government-backed mortgages home renovation loans.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, refinancing, renovation, jumbo
  • Minimum FICO credit score: 620
  • Maximum loan amount: $2 million
  • Better Business Bureau rating: A+

Best Features

  • A broad range of mortgage products are offered.

  • Special mortgage programs for first-time buyers manufactured homebuyers are available.

See full profile

Best for VA loans

Veterans United Home Loans provides mortgages to veterans military families in all 50 states Washington, D.C., specializes in VA loans.

Before You Apply

  • Mortgage types: VA, VA jumbo, refinance
  • Minimum FICO credit score: 640
  • Maximum loan amount: $1.5 million
  • Better Business Bureau rating: A+

Best Features

  • No down payment or PMI are required.

See full profile

Best online bank for customer service

Ally Bank is a Detroit-based online bank. Ally offers traditional banking products services, such as conventional mortgages, as well as refinance loans jumbo home loans.

Before You Apply

  • Mortgage types: fixed rate, ARM, home equity loans, refinancing, HomeReady for first-time homebuyers
  • Minimum FICO credit score: 620
  • Maximum loan amount: $4 million
  • Better Business Bureau rating: A+

Best Features

  • A program is available for first-time homebuyers.

  • Existing Ally customers can get a closing cost discount.

See full profile

Best for large loan amounts

Bank of America serves roughly 66 million customers in all 50 states. The lender offers conventional, Federal Housing Administration, Department of Veterans Affairs jumbo loans, as well as home equity lines of credit mortgage refinancing.

Before You Apply

  • Mortgage types: fixed rate, Affordable Loan Solution, FHA, VA, ARM, home equity line of credit, fixed-rate refinancing, FHA refinancing, VA refinancing, cash-out refinancing, adjustable-rate refinancing, jumbo
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • Bank of America has a wide variety of mortgage products.

  • The lender offers origination fee discounts for qualifying Bank of America Merrill Lynch clients.

  • Home equity lines of credit have no annual, application or cash advance fees or closing costs.

  • Bank of America offers a first-time homebuyer program.

See full profile

Best for low down payment

PNC Bank is one of the largest U.S. banks, serving more than 8 million customers in all 50 states. PNC offers most types of mortgages.

Before You Apply

  • Mortgage types: fixed rate, FHA, VA, USDA, ARM, home equity line of credit, refinancing, medical professional mortgage program, jumbo, PNC Community
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $5 million
  • Better Business Bureau rating: A+

Best Features

  • Multiple types of mortgages are available.

  • Some mortgage options require no or low down payments.

  • PNC supplies an online home ownership cost tool.

See full profile

Best for no down payment

Alliant Credit Union is a nonprofit financial cooperative. The credit union serves customers in all 50 states. Mortgage products include conventional, jumbo refinancing loans, home equity lines of credit.

Before You Apply

  • Mortgage types: Traditional, ARM, refinancing, home equity line of credit, Alliant Advantage Mortgage
  • Minimum FICO credit score: 620
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • No-down-payment mortgages are available for first-time homebuyers with excellent credit.

  • Mortgages are available to borrowers with FICO credit scores as low as 620.

See full profile

What Are the Mortgage Rates in Kansas?

The average interest rate for a 30-year fixed-rate conforming mortgage in Kansas is 2.95%.

Home interest rates range from 2.38% to 4% in Kansas.

What Are Today’s Mortgage Rates?

Mortgage Calculator

Is your dream home within reach? U.S. News’ mortgage calculator will show you how much house you can afford.

What Are Some Kansas Homebuyer Programs?

Kansas homebuyers can get help buying new homes through a program from Kansas Housing Resources Corporation.

  • Available to: First-time homebuyers or buyers who have not owned a home for three years; buyers must make an investment of 2% of the sale price from their own funds.
  • Income limits: A median income at or below 80% of their area.
  • First-time homebuyers only?: No.
  • Down payment closing cost assistance: Homebuyers can apply for a 0% interest loan in the amount of 15% or 20% of the purchase price of the home. The loan is forgiven if the buyer remains in the home for 10 years.

View More Best Kansas Mortgage Lenders

Best for online service

Caliber Home Loans of Coppell, Texas, offers mortgage home equity products nationwide. Options include conventional, adjustable-rate, refinancing, Federal Housing Administration, U.S. Department of Agriculture Veterans Affairs loans. Caliber has been in business since 2008, is focused on home lending products.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, refinancing, bond, renovation, Freddie Mac HomeOne, Freddie Mac Home Possible, Fannie Mae HomeReady
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A

Best Features

  • The first-time homebuyer program HomeOne can require a down payment of as little as 3% borrowers may qualify with a minimum 620 credit score.

  • Government-insured loans including Federal Housing Administration, Veterans Affairs, United States Department of Agriculture programs are available.

See full profile

Best for product range

CMG Financial is a privately held mortgage banking firm operating nationwide with localized support, founded in 1993 based in San Ramon, California. The lender offers a range of products including conventional, government specialty mortgages, like jumbo loans.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, jumbo, All in One Loan, 203K Renovation Loan, Fannie Mae HomeReady, Freddie Mac Home Possible, HomeFundIt, refinance
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Exclusive mortgage products include the HomeFundIt for crowdfunding a down payment.

  • The lender has a national presence with regional fulfillment local support.

  • CMG Financial offers a mobile app.

See full profile

Best for fair credit

Flagstar offers banking lending products in every state. Borrowers can select from conventional or government-backed mortgages, such as FHA, VA U.S. Department of Agriculture loans, opt for adjustable-rate mortgages. Other choices include home equity loans lines of credit.

Before You Apply

  • Mortgage types: conventional, VA, ARM, FHA, USDA, jumbo, refinance, home equity
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Flagstar Bank provides a broad selection of mortgages home equity loans.

  • Some mortgages require no or a low down payment.

  • Borrowers can apply for loans online.

See full profile

Best for digital mortgages

LoanDepot is an online lender operating in all 50 states with more than 200 in-person branches. The company was founded in 2010 is headquartered in Southern California. LoanDepot offers Federal Housing Administration Department of Veterans Affairs loans, as well as home equity refinancing loans.

Before You Apply

  • Mortgage types: refinance, jumbo, hybrid ARM, fixed rate, HARP, VA, FHA, 203k loan
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • LoanDepot mortgages have a lifetime guarantee, which means if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fees reimburse appraisal fees.

  • The company offers a variety of mortgage products.

  • It’s licensed in all 50 states.

See full profile

Best for digital customer care

PrimeLending is a Dallas-based mortgage lender with several mortgage loan options, including conventional loans, jumbo loans, government-backed loans refinance loans. The lender is a subsidiary of PlainsCapital Bank.

Before You Apply

  • Mortgage types: fixed rate, ARM, conventional, cash-out refinance, refinance, jumbo, FHA, VA, USDA, new construction, interest rate reduction refinance loan
  • Minimum FICO credit score: 640
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • Homebuyers can choose from a variety of mortgage products.

  • Home loans are available nationwide.

  • Down payment closing cost assistance is available.

See full profile

Best for array of products

Founded in 1999, McGlone Mortgage Group is licensed in multiple states to offer purchase refinance home loans. Headquartered in Appleton, Wisconsin, McGlone Mortgage Group offers many different mortgage options.

Before You Apply

  • Mortgage types: conventional, jumbo, FHA, VA, USDA, HomeReady, High Balance/Super Conforming, Energy Efficient Mortgage, FHA
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $2 million
  • Better Business Bureau rating: A+

Best Features

  • Varied loan options are available.

  • McGlone Mortgage Group offers mortgage calculators other tools.

  • Co-signers are allowed for most loans.

See full profile

Best for conventional mortgage

Citizens Bank is a regional bank based in Providence, Rhode Island. It offers traditional banking services products, including home loans mortgage refinance loans.

Before You Apply

  • Mortgage types: conventional, ARM, refinance, HELOC, jumbo, fixed rate
  • Minimum FICO credit score: undisclosed
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • Citizens Bank provides a homebuying service with rewards for borrowers in select states.

  • Homebuyers can get an interest rate discount for qualifying automatic payments.

  • Borrowers can apply online.

See full profile

Best for government loans

Founded in 2008, PennyMac is a national mortgage lender with more than $402 billion in loans serviced. PennyMac offers a range of home loans, including conventional, Federal Housing Administration, Veterans Affairs investment property mortgages.

Before You Apply

  • Mortgage types: conventional, FHA, VA, ARM, refinancing
  • Minimum FICO credit score: 620
  • Maximum loan amount: $765,600
  • Better Business Bureau rating: A+

Best Features

  • PennyMac accepts a 50% debt-to-income ratio for conventional loans in some instances.

  • Online capabilities include a 24/7 access center email status updates.

See full profile

Best for low APR

New American Funding is a national mortgage lender with a variety of home loan options. The lender has processed more than $27 billion in mortgages.

Before You Apply

  • Mortgage types: ARM, cash-out refinance, conventional, FHA, HELOCs, jumbo, reverse, USDA VA
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Provides multiple mortgage options, including low no down-payment loans

  • Offers fixed- or adjustable-rate mortgages

See full profile

Advertising Disclosure: Some of the loan offers on this site are from companies
who are advertising clients of U.S. News. Advertising considerations may impact
where offers appear on the site but do not affect any editorial decisions,
such as which loan products we write about how we evaluate them. This site
does not include all loan companies or all loan offers available in the marketplace.

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Best Louisiana Mortgage Lenders & Current Mortgage Rates

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Buying a home in the Bayou State? There’s no shortage of homes for you to choose from. Louisiana has almost 2.1 million housing units a homeownership rate of about 66%, according to the U.S. Census Bureau’s 2018 American Community Survey.

Louisiana’s median housing value is $167,300, which is significantly lower than the national median value of $229,700. Louisiana has some localities with lower housing prices, but prices for housing can be higher in other parts of the state.

U.S. News conducted an in-depth review of leading direct mortgage lenders. Research was based on program availability customer satisfaction ratings. Because each consumer has different needs, the top finishers in several key areas were chosen.

U.S. News’ Best Louisiana Mortgage Lenders of 2021

PNC Bank

3% Min. Down Payment
Not disclosed Min. Credit Score

Chase

3% Min. Down Payment
620 Min. Credit Score

McGlone

5% Min. Down Payment
Not disclosed Min. Credit Score

Lender

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3% Min. Down Payment
Not disclosed Min. Credit Score

Lender

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3% Min. Down Payment
620 Min. Credit Score

Lender

Learn More
5% Min. Down Payment
Not disclosed Min. Credit Score

Best for bad credit

Carrington Mortgage Services makes a range of mortgages, including refinancing, available to borrowers nationwide. The company, which provides conventional government-backed mortgages, has funded $22 billion in home loans since 2011.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, Carrington Flexible Advantage, first-time buyers, refinancing
  • Minimum FICO credit score: 500
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • Applicants with credit scores as low as 500 are accepted for some products.

  • Conventional loans are offered with down payments as low as 3%.

See full profile

Best for product availability

Fairway Independent Mortgage Corp. is based in Madison, Wisconsin, has funded billions of dollars in loans since the company began in 1996 – more than $58 billion in 2020 alone. The lender offers several mortgage products, including conventional, Federal Housing Administration, U.S. Department of Agriculture, U.S. Department of Veterans Affairs refinancing loans. Fairway Independent Mortgage also provides jumbo loans for home purchases in high-cost markets, renovation loans, adjustable-rate mortgages reverse mortgages. Fairway is an independent mortgage company serves as a mortgage broker direct lender.

Before You Apply

  • Mortgage types: fixed rate, ARM, conventional, USDA/Rural Development, FHA, VA, jumbo, refinance, renovation, reverse mortgage
  • Minimum FICO credit score: 580
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • The selection of mortgages includes VA USDA loans, which often have no down payment requirements.

  • The company has an A+ customer service rating with the Better Business Bureau.

  • Renovation loan options include the HomeStyle Renovation Loan, which combines the cost of remodeling the mortgage into one loan.

See full profile

Best for consumers with credit scores between poor good

NBKC Bank is a Kansas-based mortgage lender. It originates home loans in all 50 states.

Before You Apply

  • Mortgage types: conventional, fixed rate, ARM, FHA, refinance, VA, FHA Streamline Refinance, Refi Plus, VA Streamline Refinance
  • Minimum FICO credit score: 620
  • Maximum loan amount: Not disclosed
  • Better Business Bureau rating: A+

Best Features

  • Borrowers with fair credit may qualify.

  • It features a simple online application process.

  • VA loan borrowers aren’t charged lender fees.

See full profile

Best for product selection

Guild Mortgage, founded in 1960, specializes in home loans serves borrowers nationwide. The lender’s full suite of products includes conventional government-backed mortgages home renovation loans.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, refinancing, renovation, jumbo
  • Minimum FICO credit score: 620
  • Maximum loan amount: $2 million
  • Better Business Bureau rating: A+

Best Features

  • A broad range of mortgage products are offered.

  • Special mortgage programs for first-time buyers manufactured homebuyers are available.

See full profile

Best for VA loans

Veterans United Home Loans provides mortgages to veterans military families in all 50 states Washington, D.C., specializes in VA loans.

Before You Apply

  • Mortgage types: VA, VA jumbo, refinance
  • Minimum FICO credit score: 640
  • Maximum loan amount: $1.5 million
  • Better Business Bureau rating: A+

Best Features

  • No down payment or PMI are required.

See full profile

Best online bank for customer service

Ally Bank is a Detroit-based online bank. Ally offers traditional banking products services, such as conventional mortgages, as well as refinance loans jumbo home loans.

Before You Apply

  • Mortgage types: fixed rate, ARM, home equity loans, refinancing, HomeReady for first-time homebuyers
  • Minimum FICO credit score: 620
  • Maximum loan amount: $4 million
  • Better Business Bureau rating: A+

Best Features

  • A program is available for first-time homebuyers.

  • Existing Ally customers can get a closing cost discount.

See full profile

Best for large loan amounts

Bank of America serves roughly 66 million customers in all 50 states. The lender offers conventional, Federal Housing Administration, Department of Veterans Affairs jumbo loans, as well as home equity lines of credit mortgage refinancing.

Before You Apply

  • Mortgage types: fixed rate, Affordable Loan Solution, FHA, VA, ARM, home equity line of credit, fixed-rate refinancing, FHA refinancing, VA refinancing, cash-out refinancing, adjustable-rate refinancing, jumbo
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • Bank of America has a wide variety of mortgage products.

  • The lender offers origination fee discounts for qualifying Bank of America Merrill Lynch clients.

  • Home equity lines of credit have no annual, application or cash advance fees or closing costs.

  • Bank of America offers a first-time homebuyer program.

See full profile

Best for low down payment

PNC Bank is one of the largest U.S. banks, serving more than 8 million customers in all 50 states. PNC offers most types of mortgages.

Before You Apply

  • Mortgage types: fixed rate, FHA, VA, USDA, ARM, home equity line of credit, refinancing, medical professional mortgage program, jumbo, PNC Community
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $5 million
  • Better Business Bureau rating: A+

Best Features

  • Multiple types of mortgages are available.

  • Some mortgage options require no or low down payments.

  • PNC supplies an online home ownership cost tool.

See full profile

Best for no down payment

Alliant Credit Union is a nonprofit financial cooperative. The credit union serves customers in all 50 states. Mortgage products include conventional, jumbo refinancing loans, home equity lines of credit.

Before You Apply

  • Mortgage types: Traditional, ARM, refinancing, home equity line of credit, Alliant Advantage Mortgage
  • Minimum FICO credit score: 620
  • Maximum loan amount: $2.5 million
  • Better Business Bureau rating: A+

Best Features

  • No-down-payment mortgages are available for first-time homebuyers with excellent credit.

  • Mortgages are available to borrowers with FICO credit scores as low as 620.

See full profile

What Are the Mortgage Rates in Louisiana?

The average interest rate for a 30-year fixed-rate conforming mortgage in Louisiana is 2.87%.

Home interest rates range from 2.5% to 5.38% in Louisiana.

What Are Today’s Mortgage Rates?

Locking in a low mortgage rate today can save you thousands over the life of your loan. Compare your mortgage rate offers with national average trends.

Mortgage Calculator

Is your dream home within reach? U.S. News’ mortgage calculator will show you how much house you can afford.

Louisiana Homebuyer Programs

Louisiana Housing Corporation offers six assistance programs to help Louisiana homebuyers afford to purchase a home. They include down payment closing cost loans, federal income tax credits, low fixed interest rates low down payment options.

  • Available to: Eligible Louisiana homebuyers.
  • Income limits: Vary by parish based on 80% of area median income (see income limits).
  • First-time homebuyers only? Yes.
  • Benefits: Down payment closing cost assistance between 5% 9% depending on the loan amount, reduced mortgage insurance.

  • Available to: Eligible Louisiana homebuyers.
  • Income limits: Vary by area (see income limits).
  • First-time homebuyers only? Yes, unless the property is in a targeted area.
  • Benefits: Down payment closing cost assistance loan equal to 4% of the mortgage amount, reduced mortgage insurance.

  • Available to: Eligible Louisiana homebuyers.
  • Income limits: Vary by parish (see income limits).
  • First-time homebuyers only? No.
  • Benefits: Up to 4% assistance for down payment, closing costs and/or prepaid items.

  • Available to: Eligible Louisiana homebuyers in certain delta parishes.
  • Income limits: Maximum household income of $99,000.
  • First-time homebuyers only? Yes.
  • Benefits: Up to 100% financing up to 3% closing cost prepayment assistance.

  • Available to: Qualifying Louisiana homebuyers.
  • Income limits: Vary by parish (see income limits).
  • First-time homebuyers only? Yes.
  • Benefits: A federal tax credit of up to 40% of annual mortgage interest payments up to $2,000 per year.

  • Available to: Eligible Louisiana homebuyers in certain parishes.
  • Income limits: Annual household income of 80% of the area median income.
  • First-time homebuyers only? Yes, but certain exceptions apply.
  • Benefits: A loan of 20% of the purchase price up to $55,000, plus up to $5,000 for closing costs with deferred repayment until the loan is extinguished upon sale or refinance. If the homebuyer occupies the home for the full 10-year term, the soft second loan will be forgiven.

View More Best Louisiana Mortgage Lenders

Best for online service

Caliber Home Loans of Coppell, Texas, offers mortgage home equity products nationwide. Options include conventional, adjustable-rate, refinancing, Federal Housing Administration, U.S. Department of Agriculture Veterans Affairs loans. Caliber has been in business since 2008, is focused on home lending products.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, ARM, refinancing, bond, renovation, Freddie Mac HomeOne, Freddie Mac Home Possible, Fannie Mae HomeReady
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A

Best Features

  • The first-time homebuyer program HomeOne can require a down payment of as little as 3% borrowers may qualify with a minimum 620 credit score.

  • Government-insured loans including Federal Housing Administration, Veterans Affairs, United States Department of Agriculture programs are available.

See full profile

Best for product range

CMG Financial is a privately held mortgage banking firm operating nationwide with localized support, founded in 1993 based in San Ramon, California. The lender offers a range of products including conventional, government specialty mortgages, like jumbo loans.

Before You Apply

  • Mortgage types: conventional, FHA, VA, USDA, jumbo, All in One Loan, 203K Renovation Loan, Fannie Mae HomeReady, Freddie Mac Home Possible, HomeFundIt, refinance
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Exclusive mortgage products include the HomeFundIt for crowdfunding a down payment.

  • The lender has a national presence with regional fulfillment local support.

  • CMG Financial offers a mobile app.

See full profile

Best for low costs

Chase, one of the nation’s largest banks, offers mortgages, refinance loans home equity loans for qualified borrowers.

Before You Apply

  • Mortgage types offered: conventional, ARM, conforming, FHA, DreaMaker, VA, jumbo, refinancing
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Down payments as low as 3% are accepted.

  • Fixed- adjustable-rate mortgages are available.

See full profile

Best for fair credit

Flagstar offers banking lending products in every state. Borrowers can select from conventional or government-backed mortgages, such as FHA, VA U.S. Department of Agriculture loans, opt for adjustable-rate mortgages. Other choices include home equity loans lines of credit.

Before You Apply

  • Mortgage types: conventional, VA, ARM, FHA, USDA, jumbo, refinance, home equity
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • Flagstar Bank provides a broad selection of mortgages home equity loans.

  • Some mortgages require no or a low down payment.

  • Borrowers can apply for loans online.

See full profile

Best for digital mortgages

LoanDepot is an online lender operating in all 50 states with more than 200 in-person branches. The company was founded in 2010 is headquartered in Southern California. LoanDepot offers Federal Housing Administration Department of Veterans Affairs loans, as well as home equity refinancing loans.

Before You Apply

  • Mortgage types: refinance, jumbo, hybrid ARM, fixed rate, HARP, VA, FHA, 203k loan
  • Minimum FICO credit score: 620
  • Maximum loan amount: $3 million
  • Better Business Bureau rating: A+

Best Features

  • LoanDepot mortgages have a lifetime guarantee, which means if you ever decide to refinance an existing LoanDepot loan, the company will waive the lender fees reimburse appraisal fees.

  • The company offers a variety of mortgage products.

  • It’s licensed in all 50 states.

See full profile

Best for digital customer care

PrimeLending is a Dallas-based mortgage lender with several mortgage loan options, including conventional loans, jumbo loans, government-backed loans refinance loans. The lender is a subsidiary of PlainsCapital Bank.

Before You Apply

  • Mortgage types: fixed rate, ARM, conventional, cash-out refinance, refinance, jumbo, FHA, VA, USDA, new construction, interest rate reduction refinance loan
  • Minimum FICO credit score: 640
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • Homebuyers can choose from a variety of mortgage products.

  • Home loans are available nationwide.

  • Down payment closing cost assistance is available.

See full profile

Best for array of products

Founded in 1999, McGlone Mortgage Group is licensed in multiple states to offer purchase refinance home loans. Headquartered in Appleton, Wisconsin, McGlone Mortgage Group offers many different mortgage options.

Before You Apply

  • Mortgage types: conventional, jumbo, FHA, VA, USDA, HomeReady, High Balance/Super Conforming, Energy Efficient Mortgage, FHA
  • Minimum FICO credit score: Not disclosed
  • Maximum loan amount: $2 million
  • Better Business Bureau rating: A+

Best Features

  • Varied loan options are available.

  • McGlone Mortgage Group offers mortgage calculators other tools.

  • Co-signers are allowed for most loans.

See full profile

Best for conventional mortgage

Citizens Bank is a regional bank based in Providence, Rhode Island. It offers traditional banking services products, including home loans mortgage refinance loans.

Before You Apply

  • Mortgage types: conventional, ARM, refinance, HELOC, jumbo, fixed rate
  • Minimum FICO credit score: undisclosed
  • Maximum loan amount: undisclosed
  • Better Business Bureau rating: A+

Best Features

  • Citizens Bank provides a homebuying service with rewards for borrowers in select states.

  • Homebuyers can get an interest rate discount for qualifying automatic payments.

  • Borrowers can apply online.

See full profile

Best for government loans

Founded in 2008, PennyMac is a national mortgage lender with more than $402 billion in loans serviced. PennyMac offers a range of home loans, including conventional, Federal Housing Administration, Veterans Affairs investment property mortgages.

Before You Apply

  • Mortgage types: conventional, FHA, VA, ARM, refinancing
  • Minimum FICO credit score: 620
  • Maximum loan amount: $765,600
  • Better Business Bureau rating: A+

Best Features

  • PennyMac accepts a 50% debt-to-income ratio for conventional loans in some instances.

  • Online capabilities include a 24/7 access center email status updates.

See full profile

Advertising Disclosure: Some of the loan offers on this site are from companies
who are advertising clients of U.S. News. Advertising considerations may impact
where offers appear on the site but do not affect any editorial decisions,
such as which loan products we write about how we evaluate them. This site
does not include all loan companies or all loan offers available in the marketplace.

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Best Student Credit Cards of July 2021

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If you want a student credit card, you will need to understthese fees terms to find the best fit.

APR

This is the interest rate you are charged if you do not pay off your balance during the card’s grace period. A grace period is the time between the end of a billing cycle the date your payment is due.

Credit card APRs are typically variable, which means they will fluctuate with the federal prime rate, an index that sets rates for consumers on credit cards loans. Your credit card interest rates will rise fall along with federal interest rates.

How Credit Card Interest Works

You won’t owe interest on purchases as long as you pay your balance on time every month.

If you only pay part of the balance by the end of the grace period, the remainder carries over accrues interest that will appear on your next billing statement. New purchases may not receive a grace period could begin accruing interest immediately.

You can quickly fall into credit card debt by carrying a balance continuing to charge purchases to your card. If this is you, stop using your credit card until the balance is paid.

How Long Will Paying Off a Credit Card Balance Take?

The answer depends on your balance, monthly payment APR. With APRs for student credit cards ranging from 11.15% to 26.99%, the effect of compound interest can be powerful.

Interest compounds when unpaid interest is added to your balance, the interest rate then applies to the new larger amount. This effect is also known as interest on interest.

The example below compares payoff times interest savings for three different monthly payments.

What Is the Payoff Time for a Card With a $1,000 Balance an APR of 23.76%?

Starting balance Monthly payment Time to pay off Interest charges

$1,000

$35 (minimum)

3 years, 7 months

$488.25

$1,000

$70

1 year, 5 months

$186.87

$1,000

$100

1 year

$125.44

Doubling your minimum payment from $35 to $70 per month cuts your interest by nearly 62%. That’s how being as aggressive as you can in paying down a credit card balance can pay off.

Introductory APR

Some cards provide new users a 0% APR on purchases, balance transfers or both for a limited time. Offers may range from six to 21 months after opening the account, you could risk losing the rate if you make a late payment.

Penalty APR

A penalty APR is a high interest rate that applies if you make your credit card payment late. Your card issuer can charge the penalty rate when you’re at least 60 days late paying your bill. Student credit cards charge an average penalty APR of 29.995%, according to U.S. News research.

Cash Advance Fees

Cards charge higher APRs for cash advances than for regular purchases, plus fees. A cash advance does not have a grace period, which means interest begins to accrue on it immediately. You will pay an average of 3% to 5% of the amount, or a minimum of $5 to $10, whichever is greater, according to U.S. News research.

Annual Fees

Credit cards for students rarely charge annual fees. Annual fees can be small or large, ranging from $25 to $550, sometimes the first year’s fee will be waived. A card with a big annual fee can come with a lot of perks allow you to earn more rewards than a card with no fee.

Foreign Transaction Fees

Your credit card may charge a foreign transaction fee of 1% to 3% whenever you buy something outside of the United States. This fee can apply when you’re physically in another country or when just your transaction takes place abroad.

Late Payment Fees

Your credit card company will charge a late payment fee if you miss a payment or fail to pay the minimum by the due date. Federal law limits late fees to $40, a creditor may waive a late fee for a first offense.

Also, the law states that the fee can’t exceed the amount of the violation. For example, if your minimum payment was $20, the maximum late fee you can be charged is $20.

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Best Student Loans for Graduate School | Find the Best Loan for You

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Student loans are a necessary evil for many college students. That’s especially the case if you’re planning to attend graduate school, which is often more expensive than an undergraduate degree on a per-year basis.

What’s more, scholarships aren’t as plentiful for graduate students as they are for undergraduates, students no longer have access to federal Pell Grants. If you’re thinking about borrowing money to get your graduate degree, it’s important to understhow graduate student loans work whether they’re worth it. Here’s what you’ll learn in this article:

  • How do graduate student loans work?
  • How do you apply for a graduate student loan?
  • How much can you get from a graduate student loan?
  • Is getting a graduate student loan worth it?
  • What credit score do you need to get a graduate student loan?

Best Student Loans for Graduate School

Earnest

3.34% to 12.78% with autopay Fixed APR
No maximum Max. Loan Amount
650 Min. Credit Score

College Ave

3.34% to 12.99% with autopay Fixed APR
No maximum Max. Loan Amount
Not disclosed Min. Credit Score

Sallie Mae

4.25% to 12.59% * Fixed APR
Not disclosed Max. Loan Amount
Mid 600s Min. Credit Score

Discover

4.24% to 12.99% with autopay Fixed APR
No maximum Max. Loan Amount
Not disclosed Min. Credit Score

U-fi

3.59% to 12.34% Fixed APR
$125,000 Max. Loan Amount
680 Min. Credit Score

Laurel Road

2.80% to 6.00% with autopay Fixed APR
No maximum Max. Loan Amount
650 Min. Credit Score

LendKey

3.99% to 8.49% with autopay Fixed APR
Cost of attendance, minus aid Max. Loan Amount
660 Min. Credit Score

PNC

4.44% to 9.59% with autopay Fixed APR
$50,000 yearly Max. Loan Amount
Not disclosed Min. Credit Score

RISLA

As low as 3.99% with autopay Fixed APR
$45,000 yearly Max. Loan Amount
Not disclosed Min. Credit Score

SoFi

4.23% to 10.66% with autopay Fixed APR
No maximum Max. Loan Amount
Not disclosed Min. Credit Score

Citizens Bank

As low as 3.01% with autopay Fixed APR
$150,000 Max. Loan Amount
670 Min. Credit Score

EDvestinU

4.092% to 8.609% with autopay Fixed APR
$200,000 Max. Loan Amount
Not disclosed Min. Credit Score

CommonBond

3.74% to 10.74% with autopay Fixed APR
$500,000 Max. Loan Amount
Not disclosed Min. Credit Score

Ascent Funding

3.58% – 11.95% with autopay Fixed APR
$200,000 Max. Loan Amount
540 Min. Credit Score

Find the Best Student Loans for You

Best for fair credit

Earnest is an online lender offering private student loans to current college graduate students student loan refinancing to graduates. The company was founded in 2013. Borrowers can choose their loan terms to fund up to the full cost of their education.

Before You Apply

  • Loan types: undergraduate, graduate, co-signer, refinancing, Parent PLUS refinancing, MBA, law, medical
  • Minimum FICO credit score: 650
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • Earnest doesn’t charge origination, application or late fees.

  • You can choose your monthly payment loan term length.

  • You can use a co-signer on undergraduate or graduate student loans, student loan refinancing is available.

See full profile

Best for customer service

Education Loan Finance, also known as ELFI, is a student loan refinancing program offered by SouthEast Bank. Options are available in all 50 states Puerto Rico to refinance private federal student loans, including undergraduate, graduate, parent MBA loans, as well as loans for law, dental medical school. ELFI also offers private loans for students at eligible institutions.

Before You Apply

  • Loan types: undergraduate, graduate, parent loans, refinancing, parent refinancing, MBA, law, health care
  • Minimum FICO credit score: 680
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • There are no application, origination or prepayment fees.

  • All types of student loans are eligible for refinancing.

See full profile

Best for instant approval

College Ave Student Loans offers student loans to borrowers in all 50 states. Undergraduate, graduate parent loans are available. The lender specializes in simple applications with an instant decision.

Before You Apply

  • Loan types: undergraduate, graduate, parent loans, refinancing, MBA, law, dental, medical, career, international
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • Loans are available from $5,000.

  • Prequalify for a rate in less than 1 minute.

  • Loan terms are available from 5 to 20 years.

See full profile

Best for product availability

Sallie Mae is a publicly traded consumer bank that offers private student loans to pay for undergraduate, graduate specialty degrees. The company started in 1972 as a government entity that serviced federal student loans. It went private in 2004 has served nearly half a million students families with its range of student loan products. Beyond student loans, Sallie Mae Bank offers savings products to help families plan pay for college, credit cards with incentives for using cash back rewards to pay back student loans.

Before You Apply

  • Loan types: undergraduate, career training, parent, K-12, graduate, MBA, medical, medical residency, dental, dental residency, health professions, law school, bar study
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • Student loans completely cover school-certified expenses such as tuition, fees, books, housing, meals, travel or a laptop.

  • Customer service is 100% U.S.-based.

  • Borrowers don’t have to pay a loan origination fee.

See full profile

Best for no fees

Discover Bank has been operating for more than 100 years, since 2010, it has offered private student loans to students attending more than 2,400 colleges universities. Loans of up to 100% of education costs with fixed or variable rates are available.

Before You Apply

  • Loan types: undergraduate, graduate, parent, refinancing, MBA, law, international, consolidation, health professions, residency, bar exam. International loans require a co-signer who is a U.S. citizen or permanent resident.
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • Loans as small as $1,000 are available.

  • Discover has no origination, application or late fees.

See full profile

Best for flexible loan terms

U-fi from Nelnet offers private student loans refinancing loans to borrowers in all U.S. states except Vermont. Undergraduate, graduate refinancing loans are available. The lender specializes in offering flexible repayment options.

Before You Apply

  • Loan types: undergraduate, graduate, MBA, law, health professions, refinance
  • Minimum FICO credit score: 680
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • Borrowers can get up to 15 years to pay off the loan.

  • The lender offers an interest rate discount for automatic payments.

  • Borrowers can make full payments or pay interest only while in school, or defer payments.

See full profile

Best for graduate health care program loans.

Laurel Road, which became part of KeyBank in 2019, offers graduate student loans refinancing on a variety of student loans.

Before You Apply

  • Loan types: student loan refinancing, health care graduate, Parent PLUS refinancing
  • Minimum FICO credit score: 650
  • Co-signer accepted: yes
  • Better Business Bureau rating: A

Best Features

  • Loans are available from $5,000 up to 100% of the student’s school-certified cost of attendance.

  • Borrowers can make full payments while in school, or choose to pay interest only, a flat fee or defer payments.

  • Laurel Road student loans have no application, origination or prepayment fees.

See full profile

Best for minimal fees

LendKey is a student loan lending platform that connects credit unions community banks with online borrowers. Founded in 2009, LendKey has served more than 99,000 borrowers with more than $3.1 billion in loans from partner lenders. Undergraduate graduate student loans are available, as well as student loan refinancing.

Before You Apply

  • Loan types: undergraduate, graduate, refinance
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: A

Best Features

  • Students can consider multiple lenders with a single application.

  • LendKey has no origination or application fees.

See full profile

Best for ACH discount

PNC Bank was established in 1845 operates in all 50 states. The bank is engaged in a number of community efforts, including its Grow Up Great program in conjunction with Sesame Workshop various financial literacy efforts. For students, PNC offers opportunities to win $2,000 scholarships toward education expenses. PNC provides a range of loans for students at all stages of postsecondary education, including professional training loans refinancing.

Before You Apply

  • Loan types: undergraduate, graduate, refinancing, MBA, law, dental, medical, bar residency
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • PNC offers a range of loans for undergraduate, graduate professional education.

  • Loans are available in all 50 states.

  • Borrowers can receive an interest rate discount for automatic payment from a checking or savings account.

See full profile

Best for fixed APR

The Rhode IslStudent Loan Authority is a nonprofit quasi-state authority that provides college financing to students parents. The lender specializes in providing loans to Rhode Islresidents students, though not all loans have residency requirements.

Before You Apply

  • Loan types: undergraduate, graduate, refinance, parent
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: unrated

Best Features

  • Students may be enrolled at least half-time still qualify.

  • There is no prepayment fee, so borrowers may pay off their loans early.

  • Rewards are available for interns nurses.

See full profile

Find the Best Student Loans for You

How Do Graduate Student Loans Work?

Graduate student loans work similarly to undergraduate student loans, with only a few key differences. For starters, graduate federal loans typically have higher limits, making it easier for students to get the financing they need to make up for fewer other financial aid options.

However, these loans also charge higher interest rates than undergraduate loans. Federal loans for undergraduates charge 2.75%, while loans for grad students start at 4.3%.

“Typically a graduate student will make more money therefore can pay back at a higher interest rate,” says Joshua Cohen, an attorney who specializes in student loan law.

Finally, while the federal government subsidizes interest on some of its undergraduate loans for students who exhibit financial need, all graduate loans are unsubsidized.

Graduate student loans from private lenders may also have higher interest rates than undergraduate loans from the same lenders.

However, lenders typically offer a range of rates based on your creditworthiness. So if you’ve managed to build a credit history by the time you’re a graduate student, you may qualify for a lower rate than what you could’ve gotten on your own as an undergrad.

Despite some of the disadvantages, graduate students borrow far more than undergraduates to get through their programs. According to 2017-18 data analyzed by the Center for American Progress, about 15% of all students in higher education were in graduate programs, yet they accounted for 40% of all federal student loans issued.

How Do You Apply for a Graduate Student Loan?

The application process for graduate loans depends on whether you’re applying for federal or private student loans.

“(Graduate students) can generally avoid having to go through the verification process that some undergraduates must complete because they are receiving only non-need-based loans,” says James Anderson, director of financial aid at Montclair State University.

Direct PLUS loans are federal loans reserved for graduate students parents of undergraduates. If you want to apply for a Direct PLUS Loan, which offers higher limits than the standard graduate loan option, you’ll fill out a separate application after you submit the FAFSA on the Federal Student Aid website.

With private loans, you’ll submit an application directly with the lender of your choice. Before you do this, it’s a good idea to get prequalified with multiple lenders, so you can compare offers choose the best fit for you. Prequalification typically uses just a soft credit check, which doesn’t impact your credit score.

Regardless of where you apply, you’ll typically need to provide some personal information, income employment information, your school name other relevant details.

How Much Can You Get From a Graduate School Loan?

Graduate student loan limits can vary by lender the type of student loan. With Direct Unsubsidized Loans, for instance, you can borrow up to $20,500 per year $73,000 in total. On the other hand, federal Direct PLUS Loans amounts are limited only to the cost of attendance for your school minus other financial assistance you receive.

If you’re thinking of getting private student loans, you’ll want to check with each lender to find out how much you can borrow. Note that private lenders may also have annual lifetime limits.

For example, you may be able to borrow up to the total cost of attendance for your school every year. Maximums can vary, you’ll want to contact lenders directly to find out.

Is Getting a Grad School Loan Worth It?

There are both benefits drawbacks to using graduate student loans to help fund your education. As with any financial decision, it’s important to consider the pros the cons before you pull the trigger:

Pros

  • Loans can make it possible to afford a graduate or professional degree.

  • You don’t need to start making payments until after you leave school.

  • Loans can be used to cover both educational living expenses.

Cons

  • Graduate loans charge higher interest rates than undergraduate loans.

  • There’s no guarantee you’ll get a job after grad school to pay back your debt.

  • Student loan payments can get in the way of other important financial goals.

The most important thing to consider may be whether you’ll be able to pay back the debt. “No single school ever gives 100% job placement,” says Cohen. “If they do, I’d be really concerned by that. It helps to be careful about what the real job prospects are.”

It’s also important to remember that it’s not entirely necessary to borrow money for graduate school, even if you need to rely on student loans, you may be able to take steps to limit how much you need to borrow.

That may include applying for scholarships grants, working part or full time, obtaining a fellowship or assistantship, or even saving up in advance.

What Credit Score Do You Need to Get a Student Loan for Graduate School?

If you’re applying for federal graduate student loans, there is no minimum credit score requirement. In fact, if you apply for Direct Unsubsidized Loans, there’s no credit check involved in the application process.

Direct PLUS Loans do require a credit check, but the Department of Education uses your credit history only to determine if you have significant negative items on your credit report, such as a bankruptcy, foreclosure, wage garnishment or other things that suggest an adverse credit history.

With private student loans, credit score requirements can vary by lender. In general, though, most lenders require a score in the high 600s to qualify. If your credit score isn’t where it needs to be, or you do qualify, but the terms aren’t favorable, applying with a creditworthy co-signer can boost your odds of getting a loan with affordable terms.

If you’re trying to decide between federal private loans, it’s important to look at more than just the interest rates.

“Repayment options, such as with the income-driven repayment, opportunities for cancellation, such as the Public Service Loan Forgiveness Program, are only available with federal loans,” says Anderson. “Opportunities for discharge, as in the case of the death or disability of the borrower, are also more readily available with federal loans.”

View More Best Student Loans for Graduate School

Best for multiple repayment options no fees

SoFi is an online lender offering student loan refinancing, undergraduate, graduate parent loans in all 50 states. The lender has served more than 375,000 borrowers with $30 billion in refinanced student loans. Although SoFi focused on refinancing in its early years, the company has expanded to also offer its own undergraduate, graduate parent loans.

Before You Apply

  • Loan types: undergraduate, graduate, parent loans, refinancing, parent refinancing, MBA, law, dental, medical
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • All types of student loans are eligible for refinancing.

  • SoFi’s lending process is completely online.

  • Loan terms are available from five to 20 years.

See full profile

Best for streamlined approval process

Citizens Bank was founded in the late 1800s in Rhode Island. Today, it’s one of the largest commercial banks in the U.S. with a presence in 11 states. Branches are concentrated in the New England, Mid-Atlantic Midwest regions.

Before You Apply

  • Loan types: undergraduate, graduate, parent loans, refinancing, parent refinancing
  • Minimum FICO credit score: 670
  • Co-signer accepted: yes
  • Better Business Bureau rating: A+

Best Features

  • Citizens Bank offers multiyear approval loans, meaning that once you get started, you will continue to secure funding for subsequent years in school without needing to go through a credit check every year.

  • Borrowers who are Citizens Bank customers who sign up for auto payments can reduce their interest rates by 0.5%.

  • International students can apply if they have a co-signer who is a U.S. citizen or permanent resident with good credit.

See full profile

Best for small loan amounts

EDvestinU is a nonprofit student loan lending refinancing organization. It offers student loans to borrowers in all 50 states. Undergraduate graduate loans student loan consolidation are available.

Before You Apply

  • Loan types: undergraduate, graduate, refinancing
  • Minimum FICO credit score: undisclosed
  • Co-signer accepted: yes
  • Better Business Bureau rating: B

Best Features

  • Loans are available from $1,000.

  • Borrowers can make full payments while in school, pay the interest only or defer payments.

  • EDvestinU student loans have no application, origination or prepayment fees.

See full profile

Best for online preapprovals

Founded in 2012, CommonBond has funded more than $3 billion in student loans. The lender offers undergraduate, graduate, MBA student loan refinance loans.

Before You Apply

  • Loan types: undergraduate, graduate, refinancing, parent refinancing, MBA, dental, medical, law
  • Minimum FICO credit score: Not disclosed
  • Co-signer accepted: A co-signer is required for the undergraduate graduate products. No co-signer is required for MBA, dental or medical loans. The lender offers a co-signer release after 24 on-time, consecutive payments. Parent PLUS loans can be refinanced to the child’s name, if they are eligible borrowers.
  • Better Business Bureau rating: B+

Best Features

  • Co-signers are accepted for all loans.

  • Borrowers can make up to full monthly payments while in school or choose to pay interest only, a flat fee or defer payments.

  • Online preapproval is available.

See full profile

Best for bad credit

Ascent offers student loans to borrowers in all 50 states. Undergraduate graduate loans are available. The lender specializes in providing opportunities for students to borrow loans in their own names.

Before You Apply

  • Loan types: undergraduate, graduate, MBA, law, dental, medical, international, health professionals, graduate Ph.D./general, DACA students with an eligible co-signer
  • Minimum FICO credit score: 540
  • Co-signer accepted: yes
  • Better Business Bureau rating: A

Best Features

  • Ascent offers a 1% cash back graduation reward with the satisfaction of certain terms conditions.

  • Co-signed loans offer the ability to make full payments while in school during a nine-month grace period following graduation, or choose to pay interest only, a flat fee or defer payments.

  • Ascent student loans have no origination, prepayment or application fees.

See full profile

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