Better Mortgage Review

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

 Better mortgage is a company that offers low rates on mortgage loans and refinancing without any lender or commission fees. They provide an easy, online process to help people who want to purchase or refinance a house get pre-approved quickly.

Better Logo

Our Partner

Mortgage Rate


  • Zero commissions & zero lender fees
  • Get pre-approved in as little as 3 minutes
  • Close up to 10 days faster than average
  • Reach us anyway you like, 24/7
Overall Rating

Best Mortgage Rates

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Pros & Cons

Let’s start by looking at some of the advantages and drawbacks of Better Mortgage.


  • The process is completely online.
  • No commission or lender fees.
  • Can get pre-approved in less than 3 minutes.
  • Will match a competitor’s price and credit you $100.
  • Provides 24/7 customer service.


  • Mortgage loans aren’t available to residents of Hawaii, Nevada, and New Hampshire.
  • Doesn’t offer USDA, VA, or HELOC loans.

Have you been searching for a new home or looking to refinance your own? You may have experienced the struggles of finding low cost mortgages.  

Finding the best mortgage lenders and rates can be time-consuming and confusing, on top of increasing house prices. 

A report from the Federal Housing Finance Agency (FHFA) reveals that all fifty states have seen increases in the price of housing. As of last month, the U.S. house prices have risen by 18.5 percent from the third quarter of 2021 to this year’s third quarter. 

As market prices increase, it is more important than ever to find a mortgage lender who you can trust to provide you with low rates in a short amount of time.

Better provides house hunters and homeowners with the ability to find lower mortgage costs and loans in a quick and efficient online process. 

This Better Mortgage review will show you who Better is and what they offer, to help you figure out if working with them is best for you.

Better mortgage icon

Quick Summary

Min. Credit Score: 620

Min. Down Payment: 3%

Promotion: No current promotions


Better Mortgage was launched in 2016 with the mission to help people achieve homeownership without the hassle. Better says that, on average, they help purchase customers save $8,200 over the life of a loan and refinance customers $8,200 a year on loan payments. 

Their process is completely online, using technology to help buyers get a pre-approval letter in minutes and loan estimates within days. Although they use their website for customers to use for loan purposes, they provide 24/7 customer support with a real services team.

Better Services

Check out some of Better Mortgage’s services.


Better makes it simple to input your credit history information, financial information, and location to personalize your mortgage rates. Once you submit your information, you can receive a pre-approval and then a verified pre-approval once you upload the necessary documents. 

After that, you can get a rate quote and request to lock in. Once you lock in, Better assigns you a person to help you complete the rest of the process. 

Better Mortgage offers different types of loans including: 

  • Fixed-rate and adjustable mortgages
  • Conventional mortgages 
  • Jumbo loans 
  • FHA loans 
  • Refinancing loans 

Real Estate 

Providing mortgage loans isn’t the only service Better offers. Because figuring out when or how to buy a house for the best possible price, Better Real Estate offers the option to work with certified agents who will help you in the buying process. 

Better will match you with an agent who will work with you to lock in a low rate for mortgages and decide if the time is right for purchasing.

Also, if you decide to work with a Better real estate agent, you’ll receive $2,000 off your final closing cost on your mortgage.

Homeowner’s Insurance

Better acknowledges that buying a home is a huge investment that needs protecting. Better Cover, the in-house home insurance agency, can help customers meet requirements for obtaining a mortgage. 

Better Cover presents customers with various insurance quotes and policies based on their financial and insurance needs. Customer’s can then pick from the policies and talk to an insurance concierge if needed. 

Better Mortgage Rates & Fees

Better’s website uses a zip code, credit score, home value, and mortgage balance to personalize your rates. You can see what your estimated rate, annual percentage rate (APR), and monthly cost would look like.  

  • For 15-year plans, the purchase rates are 2.125% with an APR of 2.325%. 
  • For 20-year plans, the purchase rates are 2.625% with an APR of 2.801%. 
  • For 30-year plans, the purchase rate is 2.875% with an APR of 2.969%. 

These rates are updated everyday (and vary by location) so be sure to view them on their website to get the most recent rates.

Better Fees

Better doesn’t charge any lender fees. This means that you will not be charged for any hidden fees including origination, application, or underwriting services.

Better has decided to make the homeownership and home refinancing process a bit easier by eliminating hidden costs.  The fees that you are expected to pay for are the third-party fees, which are any fees not associated with the lender.

These fees may be any appraisals, insurance fees, credit reports, flood certification, and other title fees. 

Who is Better Mortgage Best For?

If you are looking for competitive rates that are some of the lowest, then Better would be a great choice. They offer additions like the “better price guarantee” and the option to purchase discount points which will help you lower the interest rate by paying a higher closing cost. 

People who are comfortable with technology and looking for a quick and easy way to get approval would benefit from using Better Mortgage.

Compare to Other Lenders

figure logo
  • Min. Credit Score: 620
  • Min. Down Payment: N/A
New American Funding logo
  • Min. Credit Score: 620
  • Min. Down Payment: 3%
AmeriSave logo
  • Min. Credit Score: 620
  • Min. Down Payment: 3.5%

Final Verdict

Anyone looking to invest their money into buying a home or refinancing one they already have can find lower rates for mortgage loans, pre-approval letters, options for home and title insurance policies, and 24/7 customer service all through Better’s online process. 

There is no better time than now to start looking for a great mortgage lender to help you find the lowest rates for your financial needs. 

Jumpstart the process to buying your next home by finding an agent to guide you along the way or by looking for those low rates and getting pre-approved for a mortgage loan at FAQ's

Is lending legit?

Yes, Better is a legitimate business that helps customers receive mortgage loans if they qualify. has a B rating from the Better Business Bureau and is an accredited business. 

The overall customer rating on BBB’s website is 4.12/5.

How do I qualify for a mortgage loan with Better?

To qualify for loans, lenders will look at your financial situation to see if you are likely to keep up with mortgage payments. Better requires you to have a minimum credit score of 620 (for conventional loans) and be able to put down at least 3% of the loan payment. 

If you live in Hawaii, Nevada, or New Hampshire, you can’t yet qualify to get a mortgage loan through Better. 

What documents will I need when applying for a mortgage?

The forms and documentation you might need when applying might vary depending on your situation. Generally, the most important are the financial documents that show any debt or bankruptcy history, tax history, and how much money you make. 

Make sure you have recent pay stubs (or any proof of income), bank statements, tax returns, credit history, proof of renting history (if applicable), and a photo ID.

How long will it take to get pre-approval for a loan?

While some lenders take a while to pre-approve your application, Better says that they can provide pre-approval in as little as three minutes on their website.

Buy or refinance your home with Better Mortgage for a seamless online mortgage experience backed by superior customer support.

Better mortgage icon

I'm Donny. I'm a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

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