in Home Purchase Mortgages from Better.comUnaffiliated
|Loan Amount||Up to $3,000,000|
|APR||Starting at 3%|
|Loan Term (Years)||N/A|
Where does Better.com do business?
Better.com is a direct lender based in New York, NY. The company was founded in 2014 and offers mortgages to borrowers in 29 states (and Washington, DC).
How much can you borrow via Better.com?
Better.com 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 range of rates does Better.com offer?
Better.com offers home loans with APRs starting at 3% .
Does Better.com charge a mortgage origination fee?
No, Better.com 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.com charge prepayment fees?
No, Better.com does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What property usage types does Better.com allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Better.com allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
- Investment properties and house flipping projects
- Washington, DC
- New Jersey
- North Carolina
- North Dakota
- South Dakota
- West Virginia