Better Mortgage: how to apply
Applying for Better Mortgage is as easy as it seems! They offer a full-digital service and multiple loan options for you! Buy your dream home! Start your process today!
Better Mortgage: Easy, fast and fully online application
Apply for the Better Mortgage and start your home-buying journey today! This lender offers a full-digital service and charges no hidden fees!
In this article, we’ll teach how the application process works in detail and what is the minimum borrowing requirement! Then keep reading to learn more!
How to apply on the website
To apply for the Better Mortgage, you’ll need to access the Better website. You can complete your application fully online.
They’ll ask you multiple questions, such as when you plan to make de house purchase, how you will use de mortgage loan, and what type of home you want.
Next, they’ll ask for your estimated credit score. Also, they’ll require some personal, contact, and financial information!
Then, you must create an account and provide some additional information. After submission, you can sign most of your closing documents online if approved.
Better Mortgage requires a minimum credit score of 620. Also, applicants can make a minimum down payment of as little as 3%.
However, if the down payment is less than 20% of the property price, Better will require applicants to pay for private mortgage insurance (PMI)!
Regarding the debt-to-income ratio, borrowers can’t exceed 50%.
Apply on the mobile app
New home-buyers can only apply for the Better Mortgage through the Better website. However, this lender offers a great mobile app to help first-time borrowers.
In the mobile app, customers can find articles, guides, and a mortgage calculator to help them estimate their monthly mortgage payments, for example.
Find other loan options: Rocket Mortgage
Better is a great lender for anyone looking for rate transparency and great customer service. Nevertheless, if you want to consider more than one lender before applying, here we are to help you!
Meet Rocket Mortgage! This lender delivers several mortgage options and a user-friendly mobile app in which customers can easily manage their accounts.
Additionally, the application process is fully online, and they consider applicants with a lower credit score. Compare below both lender’s details!
|At least 620;
|620 or higher;
|Conventional, Jumbo, FHA, Fixed- and Adjustable-Rate, Rate-and-term and cash-out refinancing, and bridge loans;
|Fixed-rate, Adjustable rate, FHA, VA, and jumbo;
|Minimum Down Payment
|As little as 3%;
|As little as 3%;
|Not disclosed on the website;
|Up to 30 years.
|8 years up to 30 years.
Keep reading to learn more about Rocket Mortgage and how to apply for it. The following article will explain more about this lender and its requirements!
About the author / Beatriz Vieira
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