How to get a better mortgage

Built for speed, designed to put you in control

We’ve gotten rid of unfair commission structures and created a straightforward online mortgage experience, so getting financing for a home is faster, more affordable, and completely transparent.

Going shopping? Get a Verified Pre-Approval Letter in 24 hours or less

We’ll determine exactly how much you can afford borrow, so you can go house hunting with confidence. It’s 100% online and completely free.

  1. Fill out our easy-to-understand online application. We’ll start with a 3-minute basic pre-approval to give you quick a sense of what you can afford.

  2. Next, you can upgrade to Verified Pre-Approval by linking your bank accounts and uploading documents (like tax returns and W2s). This allows us to verify your income, assets, debt, and credit. Pause and come back at any time.

  3. In about 24 hours or less for qualified borrowers, we’ll provide a Verified Pre-Approval Letter detailing how much you are likely to secure funding for1. You can request a modification of your letter online anytime without any phone calls. Just because you can borrow a certain amount doesn’t mean you’ll want to offer that maximum amount to the seller.

With smart technology and a team of underwriters, we’ve made pre-approval faster than ever.

What’s the benefit of a Verified Pre-Approval? The more detailed, verifiable information you can give up front, the less chance that there will be surprises down the line when you apply for your loan. And when you’re competing with other homebuyers for your dream home, certainty that you can afford it matters.

Questions along the way? Chat with one of our friendly, non-commissioned Loan Consultants.

If you do end up choosing Better as your lender, we are committed to closing in 14 days for Verified Pre-Approval borrowers with single family/detached unit homes. (The industry average is 30 days or more).2

Found your dream home? Lock the best rate, period.

Because we’ve killed commissions, developed relationships with a variety of reputable investors, and streamlined clunky processes, we can pass the savings to you. We’re so confident we can get you the best rate that we’ve created The Better Price Guarantee: we’ll beat a competitor’s offer by $1000 or else we’ll give you $1000.3

  1. Get a transparent rate quote in seconds. Every quote will provide a monthly payment amount and options for paying points or taking credits (including a no-cost option).

  2. Think you’ve got a better deal from another lender? We’ll make sure our loan estimate beats their quote by $1000 better for the exact same rate and terms (terms & conditions apply).

  3. Ready to lock? Lock your rate with us online, 24/7.4

It’s not an offer, it’s a promise. The Better Price Guarantee isn't a marketing ploy or a flash sale. It’s is what happens when we use innovative technology to dramatically lower our costs and then guarantee those savings to you.

Unlike most traditional lenders, Better does not charge any lender fees. We have no loan officer commissions, lender origination fees, application fees, or underwriting fees. Our investors pay us a one-time fee when they purchase the loan. (Here’s why we think commissions are BS.)

Trying to do the math? Use our interactive tools to run the numbers on taking credits or paying points or to see your amortization schedule.

Rate locked? We’ll fund your loan in as little as 14 days2

We’ve taken the stress out of closing with a lightning fast, in-house underwriting process, helpful “loan rangers,” and no added fees.

  1. Lock and go: Once you have the purchase contract for your new home, you’re ready to lock your rate. That means we will honor the rates that are available to you on that day, even if they go up during your mortgage process.

    (After you lock the rates for a particular day, you’ll still be able to change your loan type, change your points or credits options, add a co-borrower, or take advantage of market rates falling by .25%)

  2. Documents: Next, we’ll have you upload your financial documents (things like pay stubs, bank statements, and tax returns). We’ll also need a home insurance quote.

    The great news is if you’ve already gotten a Verified Pre-Approval Letter with us, we already have most of the information we need.

  3. Follow-ups and property-related tasks: You’ll be assigned a loan ranger, who will work with you to answer questions and make sure we have all the documents we need. You can also log in at any time to see what information we still need from you. In the meantime, we’ll start working on property-related tasks like your title, appraisal, and HOA questionnaire (if applicable).

  4. Underwriting your loan: Once we have what we need from you, our underwriting team works to review everything, typically in 3 days or less. During this time, your loan ranger may follow up with you about any additional information needed. They’ll also be working to make sure all property-related tasks are completed. When everything is nearly finalized, we’ll ask you to pay for home insurance and confirm with us.

  5. Final approval: Once all the final documentation is in, we perform some final checks to make sure absolutely everything is in order.

  6. Closing and funding: Once your loan is finalized, we’ll send over the closing disclosures for you to review (which includes the final third-party costs, down payment, and prepaid costs). We’ll work with you to schedule the closing and get all the necessary documents signed.

Wondering about the closing costs and third party fees you’ll need to pay? Here’s a list.

  1. Our Verified Pre-Approval Letter tells you how much you are likely to secure financing for, barring unforeseen circumstances, such as issues with the appraisal or unique financial situations. Because this amount is based on actual documents, not just stated information, the amount shown in your letter may be less than the amount you initially asked for.

  2. We are committed to closing all single family/detached unit loans that have Verified Pre-Approval in 14 days or less. Our commitment for condos, attached units, and loans without Verified Pre-Approval is 21 days, and our commitment for jumbo loans is 30 days.

  3. If you think another lender has a more competitive price, send us their loan estimate within 3 business days from the date on the loan estimate. If we can't beat it by at least $1000, we'll give you $1000 in cash. Learn more

  4. Better will honor all pricing shown at lock requests made both during and after business hours, provided user-entered information is accurate. The accuracy of user-entered information will be determined during business hours. To date we have honored 100% of the overnight rate lock requests.