Better Mortgage Corporation Rates, Fees & Info

Review & Overview

Better Mortgage Corporation is a large mortgage company specializing in Refi loans. Better Mortgage Corporation has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: New York, Seattle, San Francisco, Los Angeles, and Washington among others. We have data for 842 markets. (Some data included below & more in-depth data is available with an active subscription.)

Better Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Better Mortgage Corporation is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.39%	4/22/24
30 Year Conventional Refi	6.25%	4/22/24
30 Year Cash-out Refi	6.47%	4/22/24
30 Year FHA Purchase	7.19%	4/22/24
30 Year FHA Refi	6.42%	4/22/24
30 Year VA Purchase	5.47%	4/22/24
30 Year VA Refi	6.27%	4/22/24
15 Year Conventional Purchase	5.82%	4/22/24
15 Year Conventional Refi	5.71%	4/22/24
15 Year Cash-out Refi	5.71%	4/22/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Better Mortgage Corporation Mortgage Calculator

Originations

133,152

Origination Dollar Volume (All Markets)

$47,216,740,000

Awards