Where does Better Mortgage do business?

Better Mortgage is a direct lender based in New York, NY. The company was founded in 2014 and offers mortgages to borrowers in 11 states across the USA (and Washington, DC).

How much can you borrow via Better Mortgage?

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 range of rates does Better Mortgage offer?

Better Mortgage offers home loans with APRs starting at 3% .

Does Better Mortgage charge a mortgage origination fee?

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 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
  • Inestment properties and house flipping projects 

  • Institution Type
    Direct Lender
  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Secondary Home
  • No Origination Fee
  • No Prepayment Fee
  • Investment
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    Up to $3000000
  • APR
    Starting at 3%
  • Terms
    15, 30
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