Last Updated: 11/12/2025
Better.com Home Purchase Mortgage
Unaffiliated
in Home Mortgage Loans from Better.com
Last Updated: 11/12/2025
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Highlights
Credit Score Range
620 - 700
Amount Range
Up to $3,000,000
No Origination Fee
Loan Term (Years)
10 - 30
Better.com Home Purchase Mortgage Review
Better.com Home Purchase Mortgage is offered by Better.com (NMLS #330511), a direct lender founded in 2014 and based in New York, NY. Better mortgage are available in 29 states and Washington, DC.
Key Takeaways
- Wide selection of mortgage programs offered. Better.com Home Purchase Mortgage offers FHA, VA, jumbo, conforming, and conventional mortgages.
- Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
- Standard interest rates types.
- Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
- No origination fees. Better.com Home Purchase Mortgage does not charge fees for processing your application.
- Fair credit accepted. Borrowers with a credit score as low as 620 may qualify for Better.com Home Purchase Mortgage.
Better.com Home Purchase Mortgage Pros & Cons
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Better mortgage FAQ
How much can you borrow via Better.com?
Better mortgage allows borrowers to apply for loan amounts of up to $3,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
What is the maximum loan term you can get with Better mortgage?
Better mortgage offers mortgages with terms ranging from 10 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Better.com offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
No, Better mortgage does not charge a mortgage origination fee.
Some lenders charge an origination fee for processing, underwriting, and funding a mortgage. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Better mortgage charge prepayment fees?
No, Better mortgage does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs are available?
Besides conventional mortgages, Better mortgage offers the following mortgage types:
- FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo loans: Any mortgage with a loan amount above the conforming loan limits set by the Federal Housing Finance Agency.
- VA loans: A zero down payment mortgage or a refinance of up to 100% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.
What property usage types does Better mortgage allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Better mortgage allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
What is the customer service phone number?
The customer service number for Better.com Home Purchase Mortgage is (415) 523-8837.
What is the support contact email?
The support contact email for is hello@better.com.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
9:00AM - 9:00PM
Monday
9:00AM - 9:00PM
Tuesday
9:00AM - 9:00PM
Wednesday
9:00AM - 9:00PM
Thursday
9:00AM - 9:00PM
Friday
9:00AM - 9:00PM
Saturday
9:00AM - 9:00PM