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If you belong to a credit union that should be first place you check for your mortgage loan because they generally offer lower interest rates. Many associations, unions or even workplaces have their own credit unions.
Savings and Loan
Half of mortgage loans in United States are made by local savings and loans. If you belong to one, be sure to check their rates—they’re likely very good.
A lot of people falsely believe that government is in business of making mortgage loans—they’re not. But they do “back” certain loans, which make lenders more apt to extend them. For best information on government backed loans, talk to your local banker.
There are also many mortgage companies online that can help you find direct mortgage lenders and home loan brokers that will best suit your needs. This is a quick way to find a good mortgage loan and compare rates and offers from multiple lenders. When lenders compete for your business, it works to your advantage.
To see a list of recommended mortgage loan companies online, visit this page: http://www.abcloanguide.com/mortgageloans.shtml - Carrie Reeder is the owner of ABC Loan Guide, an informational website with articles and more about various types of loans.