Savings and Loan associations are the largest traditional lenders for mortgages in the U.S. Mortgage bankers manage loans by finding the money for your loan, underwriting the loan, and selling it to the secondary market at a profit. They will also sometimes service the loan - collect monthly payments, send out loan statements, and collect late payments.

Mortgage brokers can find you the best rate on your mortgage by shopping the loan among lenders to find the best terms for you as a home buyer. Mortgage brokers get their fees from the lenders.

Credit unions are owned by their members; if you're a member, they may offer very competitive rates on mortgage loans. Credit unions sell their loans to the secondary market and use the profit to fund new loans.


What is a Loan that Originated in a Portfolio?
What is the "Secondary Market"?
What Kind of Documents are Required for a Loan?
What is a Credit Check and Who Performs Them?
What Does a Lender Have to Disclose to You by Law?
What is PITI?
Why Do I Need Private Mortgage Insurance (PMI)?
Where Do I Get Private Mortgage Insurance (PMI)?
What is an Interest-Only Loan?
What are the Limits on FHA Loans?
What Is Seller Financing?
What are the Primary Institutions of Money and Mortgages?
What is the Advantage of Using a Broker for my Home Loan?

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Type of Loan

Mortgage Refinance
Home Equity Loan or Line
Debt Consolidation
New Home Loan

In what state is the property in question located?

What is the property type?

Historical Federal Funds Rate

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15-Year Fixed Rate -

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*National Rates