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Home Mortgage Preparation :: National Mortgage Lenders
National Mortgage Lenders:
The National Top 4 Mortgage Lenders
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National mortgage lenders are essentially banks with branches and locations across the country and the ability to service customers in every state. Unlike local mortgage and loan banks, they're not limited to a single community.
If you're currently shopping for a mortgage lender, keep reading for a look at the top 4 national mortgage lenders.
Bank of America
Bank of America has branches in every state, a bank on almost every Main Street and a major presence across the country. They're also one of the United State's biggest mortgage lenders. Unfortunately, because they're such a large institution, many borrowers complain of a lack of personal service.
Customers enjoy their No Fee Mortgages, pre-approval programs and flexible locations and hours. And, like most large-scale lenders, they offer comprehensive information and educational articles for first-time home buyers and even seasoned investors.
Wachovia
Wachovia was one of the first national mortgage companies to offer almost instant online pre-approval, making them a major leader in the online mortgage company. And, if you're a rate watcher, they offer instant rate alerts and complete historical mortgage rate data.
For returning customers and people that are refinancing their mortgages with Wachovia, they also offer no closing fees.
US Bank
US Bank prides itself on hiring local loan officers that are embedded in their community, live there and are always looking out for their own community's best interest. That commitment to a local neighborhood has helped US Bank pick up many customers who want a more personalized mortgage experience.
Chase Bank
Chase Bank has increased its market share dramatically, thanks to its incredibly low rates on home equity loans – essentially, second mortgages. Their focus is on the more secure second mortgage and refinancing market and they've found their niche. However, because of their tighter lending requirements, Chase may not be the best choice for a first time home buyer.
These national mortgage lenders each have their strengths and their weaknesses. Before you choose a lender, meet with them first, obtain a quote and look for a fit that goes beyond interest rates.
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Home-Mortgage-Preparation.com :: National Mortgage Lenders