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Mortgage Lender Comparison: 7 US Lenders and Their Down Payment Programs

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Not financial advice

This content is for general education only and doesn't consider your personal situation. It isn't a recommendation to buy, sell, or hold any investment. Talk to a licensed, qualified professional before making financial decisions.

Quick answer

30-year mortgage rates move daily and are quoted per-borrower, so this table focuses on what's actually stable and comparable across lenders: down payment programs and minimums. As of late July 2026, the national average 30-year rate (Freddie Mac PMMS) was around 6.58% — use that as market context, not a lender-specific quote.

Mortgage rate tables on lender websites update multiple times a day and depend heavily on your credit, down payment, and loan type — a number published today is often stale by tomorrow. Rather than publish specific per-lender rates that would be out of date almost immediately, this table focuses on the one thing that stays comparable: down payment programs and minimums.

LenderRateAPRMax amountMax termMin down payment
Rocket Mortgage~6.75% – 6.9% (recent state-level quotes, late Jul 2026)~7.0% – 7.2% (varies by state)See lender30 years (15-year also available)3% conventional; 1% via Rocket's One+ programVisit site
ChaseSee chase.com for today's rateSee chase.comSee lender30 years (15-year also available)3% via DreaMaker program (income limits apply)Visit site
Bank of AmericaSee bankofamerica.com for today's rateSee bankofamerica.comUp to $548,250 at 3% down (standard areas)30 years3% via Affordable Loan Solution® (income limits apply)Visit site
Better.comSee better.com for today's rateSee better.comSee lender30 years3% conventional / 3.5% FHAVisit site
US BankSee usbank.com for today's rateSee usbank.comSee lender30 years3% conventionalVisit site
loanDepotSee loandepot.com for today's rateSee loandepot.comSee lender30 years10% – 20% conventional / 3.5% FHAVisit site
Wells FargoSee wellsfargo.com for today's rateSee wellsfargo.comSee lender30 years3% via Dream. Plan. Home.® (income ≤80% AMI); $10,000 Homebuyer Access® grant availableVisit site

Why there's no single "rate" column with real numbers

Most major lenders (Chase, Bank of America, Better.com, US Bank, loanDepot, Wells Fargo) render their live rate tables with JavaScript that isn't visible to an automated check, and even where a number is shown, it's usually a rate-and-point example for one specific scenario — not a rate you can actually expect. Rocket Mortgage was the one exception with dated, lender-published state-level examples, included above for reference. For everyone else, "see lender" is the honest answer — go to the live rate page and run the numbers for your actual state, credit score, and loan type.

What actually is worth comparing here

  • Low- and no-down-payment programs vary meaningfully by lender and often have income limits (e.g., Chase's DreaMaker, Bank of America's Affordable Loan Solution®, Wells Fargo's Dream. Plan. Home.®) — these can matter more than a fraction of a percentage point on rate.
  • Down payment assistance grants, like Wells Fargo's $10,000 Homebuyer Access® grant, don't show up in a rate comparison at all but can be worth more than a rate difference.
  • FHA vs. conventional minimums differ by lender in how they're presented, even though FHA's 3.5% minimum is a federal program, not a lender-specific perk.

This is a comparison, not a recommendation

Nothing above is a suggestion to borrow from any specific lender, and none of these are affiliate links. For the fundamentals of how a mortgage payment is actually built from principal, rate, term, and down payment, see mortgage basics, or run your own numbers with our mortgage calculator.

Updated: 2026-07-27

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