10 Best Georgia Dream Mortgage Lenders of 2022 NerdWallet

10 Best Georgia Dream Mortgage Lenders of 2022 NerdWallet

10 Best Georgia Dream Mortgage Lenders of 2022 - NerdWallet Advertiser disclosure

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10 Best Georgia Dream Mortgage Lenders of 2022

The Georgia Dream program helps you purchase a home with affordable rates and down payment assistance. See our top picks for Georgia Dream lenders.NerdWallet Jan 6, 2022 Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money. The Georgia Department of Community Affairs makes homeownership possible for those with low or moderate incomes through its Georgia Dream program. To apply for a Georgia Dream loan or down payment assistance program, you’ll need to work with a participating lender. But how do you know which one is right for you? NerdWallet reviewed many of the Georgia Dream program participating lenders, identifying the best ones for a variety of borrower needs. Start your search by comparing the lenders below. » MORE: See Georgia Dream loan programs, lenders, rates and income limits The Georgia Department of Community Affairs makes homeownership possible for those with low or moderate incomes through its Georgia Dream program. To apply for a Georgia Dream loan or down payment assistance program, you’ll need to work with a participating lender. But how do you know which one is right for you? NerdWallet reviewed many of the Georgia Dream program participating lenders, identifying the best ones for a variety of borrower needs. Start your search by comparing the lenders below. » MORE: See Georgia Dream loan programs, lenders, rates and income limits

Best Georgia Dream Mortgage Lenders

LenderNerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.Min. credit score Minimum credit score on top loans; other loan types or factors may selectively influence minimum credit score standardsMin. down paymentLearn more New American Funding NMLS#6606Learn more at New American Funding 4.5/5 Best for non-bank620 FHA:500JUMBO:N/AUSDA:640VA:500CONVENTIONAL:6203%New American Funding works with down payment assistance programs in 14 states, including California, Texas, Florida and Illinois.Learn more at New American Funding Fairway Independent Mortgage NMLS#2289Learn more at Fairway Independent Mortgage 3.5/5 Best for fixer-uppers620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:6403%Fairway Independent Mortgage offers conventional mortgages with flexible terms and mortgage insurance options on down payments less than 20%.Learn more at Fairway Independent Mortgage Alterra NMLS#133739Read review 3.0/5 Best for online experience620 CONVENTIONAL:620FHA:N/AJUMBO:N/AUSDA:N/AVA:N/A3%Alterra Home Loans offers conventional loans for as little as 3% down.Read review loanDepot NMLS#174457Read review 4.0/5 Best for online experience620 JUMBO:N/AVA:620FHA:580CONVENTIONAL:6205%LoanDepot offers conventional loans with as little as 5% down.Read review Guild Mortgage NMLS#3274Read review 3.5/5 Best for FHA loanN/A VA:N/AUSDA:N/AJUMBO:N/AFHA:N/ACONVENTIONAL:6203.5%Guild Mortgage offers conventional loans with as little as 3% down.Read review Homebridge NMLS#6521Read review 3.5/5 Best for FHA loan550 FHA:550USDA:550CONVENTIONAL:620JUMBO:N/AVA:5503.5%Homebridge offers conventional loans for as little as 3% down.Read review BB&T (Truist): NMLS#399803Read review 4.5/5 Best for in-person service620 VA:N/AUSDA:640JUMBO:N/ACONVENTIONAL:6203%BB&T Mortgage offers conventional loans for as little as 3% down.Read review SunTrust Truist NMLS#2915Read review 4.5/5 Best for in-person service620 VA:620USDA:640JUMBO:N/AFHA:620CONVENTIONAL:6203%SunTrust Mortgage offers conventional loans for as little as 3% down.Read review PrimeLending NMLS#13649Read review 3.5/5 Best for fixer-uppers620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:5803%PrimeLending offers conventional loans with down payments as low as 3%.Read review Churchill NMLS#1591Read review 3.5/5 Best for non-bank620 VA:N/AUSDA:N/AFHA:580CONVENTIONAL:6203%Churchill offers 3% down payments on loans for first-time home buyers.Read reviewLearn more at New American Funding

New American Funding NMLS#6606

4.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 FHA:500JUMBO:N/AUSDA:640VA:500CONVENTIONAL:620 Min. down payment3% New American Funding works with down payment assistance programs in 14 states, including California, Texas, Florida and Illinois. View details Learn moreat New American Funding View details Why we like it Good for: First-time home buyers and other borrowers looking for a broad array of loan choices. Pros Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities. Its home equity line of credit can be used for an owner-occupied or second home. Offers a program to enable buyers to make cash offers. Cons Mortgage origination fees tend to be on the high end, according to the latest federal data.Read Full ReviewLearn more at Fairway Independent Mortgage

Fairway Independent Mortgage NMLS#2289

3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:640 Min. down payment3% Fairway Independent Mortgage offers conventional mortgages with flexible terms and mortgage insurance options on down payments less than 20%. View details Learn moreat Fairway Independent Mortgage View details Why we like it Good for: borrowers who want access to a wide variety of mortgages, including renovation loans and ITIN loans. Pros Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Cons Mortgage rates for different types of loans aren't posted online. Origination fees are on the high side compared with other lenders, according to the latest federal data.Read Full ReviewRead review

Alterra NMLS#133739

3.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CONVENTIONAL:620FHA:N/AJUMBO:N/AUSDA:N/AVA:N/A Min. down payment3% Alterra Home Loans offers conventional loans for as little as 3% down. View details Read reviewView details Why we like it Good for: first-time home buyers and those ineligible for Social Security numbers. Pros Offers an ITIN qualification path for borrowers ineligible for Social Security numbers. Has a digital application process. Offers government-backed mortgage options for low- to moderate-income borrowers. Cons No mortgage rates published online. No home equity loans or lines of credit. Generally has higher rates and fees than other lenders. Branch offices not available in all states.Read Full ReviewRead review

loanDepot NMLS#174457

4.0NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 JUMBO:N/AVA:620FHA:580CONVENTIONAL:620 Min. down payment5% LoanDepot offers conventional loans with as little as 5% down. View details Read reviewView details Why we like it Good for: borrowers who want an easy online application and a variety of loan types to explore. Pros Has branches across the country for customers who prefer face-to-face service. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Mortgage interest rates tend to be on the lower end, according to the latest federal data. Cons Mortgage rates aren't available online; you'll need to contact a loan officer. Doesn't offer home equity loans or lines of credit.Read Full ReviewRead review

Guild Mortgage NMLS#3274

3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit scoreN/A VA:N/AUSDA:N/AJUMBO:N/AFHA:N/ACONVENTIONAL:620 Min. down payment3.5% Guild Mortgage offers conventional loans with as little as 3% down. View details Read reviewView details Why we like it Good for: borrowers who value customer service, and first-time home buyers and others who may need the flexibility of a low-down-payment loan program. Pros Offers a wide variety of loan products, including home improvement loans and mortgages for manufactured homes. Has retail branches in most states. Receives high marks for customer satisfaction, according to J.D. Power and Zillow. Cons Does not offer home equity loan products. Origination fees tend to be higher, according to the latest federal data.Read Full ReviewRead review

Homebridge NMLS#6521

3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score550 FHA:550USDA:550CONVENTIONAL:620JUMBO:N/AVA:550 Min. down payment3.5% Homebridge offers conventional loans for as little as 3% down. View details Read reviewView details Why we like it Good for borrowers who want a loan officer's help, in person or on the phone, when deciding among the wide range of available mortgage options — including loans to buy and renovate. Pros Offers a full array of mortgage products, including government and renovation loans. Online portal keeps borrowers up to date on the loan application's progress. Offers home equity lines of credit, or HELOCs. Cons Doesn't post interest rates on its site. Lender fees are on the high side, according to the latest federal data.Read Full ReviewRead review

BB& T Truist NMLS#399803

4.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 VA:N/AUSDA:640JUMBO:N/ACONVENTIONAL:620 Min. down payment3% BB&T Mortgage offers conventional loans for as little as 3% down. View details Read reviewView details Why we like it Good for: borrowers in the Southeast who want the option of face-to-face service. BB&T is now part of Truist Financial Corp., which offers a full menu of home loans. Pros Offers a variety of home loans, including construction-to-permanent loans, physicians loans and jumbo loans. Has a robust online mortgage application. Cons Branches limited to mostly the Southeast region. Custom rates are only available if you speak with a representative.Read Full ReviewRead review

SunTrust Truist NMLS#2915

4.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 VA:620USDA:640JUMBO:N/AFHA:620CONVENTIONAL:620 Min. down payment3% SunTrust Mortgage offers conventional loans for as little as 3% down. View details Read reviewView details Why we like it Good for: first-time home buyers, doctors and other borrowers interested in low-down-payment mortgage options. Pros Offers a wide variety of loan options, including special programs for doctors. Offers a complete suite of online mortgage application tools and loan tracking. Sample rates and fees are easy to find on the website. Cons Customized rates aren't available online without starting an application. Branches are limited mostly to the Southeast.Read Full ReviewRead review

PrimeLending NMLS#13649

3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 CONVENTIONAL:620FHA:580JUMBO:N/AUSDA:620VA:580 Min. down payment3% PrimeLending offers conventional loans with down payments as low as 3%. View details Read reviewView details Why we like it Good for: borrowers looking for closing cost assistance, as well as those seeking to renovate or to build a new home. Pros Full online application includes document uploads and automated loan updates. Offers a "float-down" interest rate lock. Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans. Cons No online mortgage rates — you have to contact the lender for info. Doesn't offer home equity products.Read Full ReviewRead review

Churchill NMLS#1591

3.5NerdWallet rating NerdWallet's ratings are determined by our editorial team. The scoring formula takes into account loan types and loan products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available HMDA data.Min. credit score620 VA:N/AUSDA:N/AFHA:580CONVENTIONAL:620 Min. down payment3% Churchill offers 3% down payments on loans for first-time home buyers. View details Read reviewView details Why we like it Offers flexibility for those without credit scores, but its “debt-free” guidance may not appeal to everyone. Pros Offers loan plans for borrowers without credit scores. Offers digital conveniences such as document uploads and e-signature. Cons Doesn't provide information online about rates and fees. Doesn't offer home equity loans or HELOCs. Lender fees are on the high side, according to the latest federal data.Read Full Review More from NerdWallet: See more Georgia mortgage lenders Calculate your mortgage payment Compare Georgia mortgage rates Last updated on January 6, 2022

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team. To recap our selections...

NerdWallet' s Best Georgia Dream Mortgage Lenders of 2022

New American Funding: Best for non-bankFairway Independent Mortgage: Best for fixer-uppersAlterra: Best for online experienceloanDepot: Best for online experienceGuild Mortgage: Best for FHA loanHomebridge: Best for FHA loanBB&T (Truist): Best for in-person serviceSunTrust (Truist): Best for in-person servicePrimeLending: Best for fixer-uppersChurchill: Best for non-bank

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