Most mortgage rate comparisons are built on advertised rates, numbers lenders carefully calibrate to look competitive while burying the real cost in points, fees, and assumptions that don’t apply to most buyers. This low-rate list is different.<\/p>\n\n\n\n
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Every lender here was identified by TrueRate, Tomo Mortgage’s rate benchmarking tool<\/a>, which analyzes nearly one million real loans originated over the last three years to determine which lenders are consistently offering low rates to actual homebuyers. TrueRate focuses on the most common mortgage product in America: 30-year fixed-rate conventional loans for primary residences. Unlike tools that use lenders’ self-reported advertised rates, TrueRate uses real loan data on the rates that borrowers actually received, not what lenders chose to show.<\/p>\n\n\n\n <\/p>\n\n\n\n We verified TrueRate’s rankings across all 50 states and DC on June 12, 2026. Tomo Mortgage ranked in all 41 states and DC where it holds a mortgage license, which represents ~90% of U.S. loan volume. <\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n We built TrueRate, we\u2019re not trying to hide that. TrueRate isn’t a paid directory or a list of advertised rates. It’s a model trained on real loan data from roughly one million mortgages across more than 500 lenders (major banks, credit unions, independent mortgage companies) validated against the Freddie Mac 30-year benchmark, however, it should be noted not all lenders are represented in our data. <\/p>\n\n\n\n <\/p>\n\n\n\n The model doesn’t favor us because we created it. In the 9 states where we’re not licensed, we don’t show up, because we have no loans there.<\/p>\n\n\n\n <\/p>\n\n\n\n We price competitively most of the time, but no lender is the right fit for everyone. That’s why every entry below, including ours, comes with a “what to watch” section. If you want to verify any of this yourself, TrueRate is free and doesn’t ask for your personal information. Put in your state and see which of the included lenders show up.<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n No lender has the lowest rate for every borrower every day. TrueRate identifies lenders that consistently price below market for borrowers with similar characteristics based on historical originated loans. However, it should be noted that TrueRate data doesn’t include all lenders. Beyond Tomo Mortgage, three other national lenders in TrueRate’s data consistently appeared in the low-rate range in the majority of states we checked. Here’s what you need to know about each.<\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n TrueRate ranking:<\/strong> #1 in all licensed states<\/p>\n\n\n\n Lender fees (TrueRate):<\/strong> $0 lender fees <\/p>\n\n\n\n Customer reviews (TrueRate):<\/strong> Highly rated <\/p>\n\n\n\n Available in:<\/strong> 41 states and DC <\/p>\n\n\n\n Loan types:<\/strong> Conventional, FHA, VA, jumbo, refinance (rate-and-term and cash-out) <\/p>\n\n\n\n <\/p>\n\n\n\n Tomo Mortgage ranked in TrueRate’s low-rate range in every state where it’s licensed, a result consistent across all 41 states and DC, verified on June 12, 2026. TrueRate’s methodology is based on nearly one million real loan transactions over three years, controlling for credit score, loan-to-value ratio, location, and market conditions, making this a like-for-like comparison across lenders.<\/p>\n\n\n\n <\/p>\n\n\n\n Tomo Mortgage’s average purchase loan rate was 0.43% lower than Mortgage News Daily’s rate. Beyond rate, Tomo Mortgage closes in as little as 12 days with a published 98% on-time close rate. Live rate quotes are available 24\/7 on tomo.com<\/a> without entering personal information. A Price Match Guarantee means if you find a lower rate elsewhere, Tomo Mortgage matches it. A float-down program means if rates drop 0.25% or more after you lock, you keep the benefit. Loan advisors are available 7 days a week.<\/p>\n\n\n\n Tomo Mortgage was named the Best Online Lender by Bankrate<\/a> in 2025 and 2026 and made the list of Best Mortgage Lenders in 2026<\/a>. We also hold a 4.7 rating on Consumer Affairs<\/a> and 4.63 on Zillow<\/a>.<\/p>\n\n\n\n <\/p>\n\n\n\n What to watch:<\/strong> If you’re buying in Delaware, Hawaii, Missouri, Nevada, New Hampshire, New Mexico, New York, Rhode Island, Vermont, or West Virginia, Tomo Mortgage isn’t licensed there yet. Tomo Mortgage also doesn’t offer HELOCs or home equity loans and cash-out refinancing is not available on Texas properties.<\/p>\n\n\n\n <\/p>\n\n\n\n Source: TrueRate data (tomo.com\/mortgage\/interest-rates-today), verified across all 50 states June 12, 2026; 2025 HMDA data, CFPB (LEI: 254900HEJ9F73IMPX887); <\/em>Tomo Mortgage Licenses<\/em><\/a>; <\/em>Bankrate Best Online Lenders 2025<\/em><\/a>.<\/em><\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n TrueRate ranking:<\/strong> Low-rate in all 50 states + DC <\/p>\n\n\n\n Lender fees (TrueRate):<\/strong> Non-VA up to 1% of loan amount. VA Purchase, and Non-IRRRL Refinance $995<\/a>. Lender fees are waived as part of is Very Important Buyer (VIB) program.<\/p>\n\n\n\n Customer reviews (TrueRate):<\/strong> Average <\/p>\n\n\n\n Available in:<\/strong> All 50 states, DC, Guam, Puerto Rico (membership open to everyone) <\/p>\n\n\n\n Loan types:<\/strong> Conventional (fixed and ARM), FHA, VA, jumbo, HELOC, refinance <\/p>\n\n\n\n <\/p>\n\n\n\n PenFed Credit Union is the only lender that appeared in TrueRate’s low-rate range in all 50 states and DC, including states with very short lists like Nevada, Vermont, Rhode Island, and New Mexico where few lenders qualified. That breadth reflects both PenFed’s nationwide scale and the structural consistency of its rate positioning.<\/p>\n\n\n\n <\/p>\n\n\n\n PenFed membership is open to everyone, anyone can join by opening a savings account with a $5 minimum deposit. NerdWallet confirms<\/a> PenFed’s average mortgage rates are low compared with other lenders according to the latest federal data. Its Power Buyer program offers pre-approval and a 60-day rate lock, one of the longest available without a fee.<\/p>\n\n\n\n <\/p>\n\n\n\n What to watch:<\/strong> LendingTree’s analysis of 2024 HMDA data<\/a> shows average origination fees of $3,687. PenFed’s VIB program requires customers to use both a PenFed mortgage and a participating real estate agent from the PenFed Realty Network for the home purchase.<\/p>\n\n\n\n <\/p>\n\n\n\n Source: TrueRate data, June 12, 2026; <\/em>NerdWallet PenFed Mortgage Review 2026<\/em><\/a>; <\/em>LendingTree PenFed Review 2026<\/em><\/a>, Tomo Mortgage Review: PenFed<\/em><\/a>, PenFed Service & Origination Fees<\/a><\/em><\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n TrueRate ranking:<\/strong> Low-rate range in 35+ states checked\u00a0<\/p>\n\n\n\n Lender fees (TrueRate):<\/strong> $1,095 (median on Kwik Mortgage loans) <\/p>\n\n\n\n Customer reviews (TrueRate):<\/strong> Highly rated <\/p>\n\n\n\n Available in:<\/strong> All 50 states and DC <\/p>\n\n\n\n Loan types:<\/strong> Conventional (fixed and ARM), FHA, VA, jumbo, non-traditional, and refinance<\/p>\n\n\n\n <\/p>\n\n\n\n Kwik Mortgage is a New Jersey-based lender founded in 1998 that operates nationally. It may not be a household name, but TrueRate’s data tells a consistent story across dozens of markets. Kwik Mortgage appeared in TrueRate’s low-rate range across 35+ states including Texas, Georgia, Florida, California, South Carolina, Virginia, Maryland, Tennessee, North Carolina, and more.<\/p>\n\n\n\n <\/p>\n\n\n\n According to Tomo Mortgage’s own review of Kwik Mortgage<\/a>, on a $400,000 mortgage Kwik Mortgage’s rates can run roughly 0.27% below the market median. OriginationData.com confirms<\/a> Kwik Mortgage is consistently a low-fee lender across its HMDA data. Customer reviews are highly rated, with borrowers frequently citing competitive rates, fast closings, and skilled loan officers.<\/p>\n\n\n\n <\/p>\n\n\n\n What to watch:<\/strong> Its lender fees are typically $1,095<\/a>, according to our 2025 review. Negative feedback is minimal but occasionally includes complaints about communication gaps or delays in resolving specific issues. However, these appear few and far between.<\/p>\n\n\n\n <\/p>\n\n\n\n Source: TrueRate data, June 12, 2026; <\/em>Tomo Mortgage Review: Kwik Mortgage<\/em><\/a>; <\/em>OriginationData.com<\/em><\/a>; <\/em>Kwik Mortgage<\/em><\/a>.<\/em><\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n TrueRate ranking:<\/strong> Low-rate range in 30+ states checked\u00a0<\/p>\n\n\n\n Lender fees (TrueRate):<\/strong> $995 <\/p>\n\n\n\n Customer reviews (TrueRate):<\/strong> Mixed reviews <\/p>\n\n\n\n Available in:<\/strong> All 50 states and DC <\/p>\n\n\n\n Loan types:<\/strong> Conventional (fixed and ARM), jumbo, VA, refinance, and home equity <\/p>\n\n\n\n <\/p>\n\n\n\n AimLoan.com, formerly American Internet Mortgage, has been a direct online lender since 1998 and has funded over $23 billion in home loans. It appeared in TrueRate’s low-rate range across 30+ states including Texas, Georgia, Arkansas, Idaho, Louisiana, Oklahoma, Oregon, South Carolina, and more.<\/p>\n\n\n\n <\/p>\n\n\n\n AimLoan.com’s rates run approximately 0.33% below the market median, according to Tomo Mortgage’s own analysis of AimLoan.com<\/a>. AimLoan.com publishes its fee structure ($0 processing, $995 underwriting, $0 origination) directly on its website without requiring an application.<\/p>\n\n\n\n <\/p>\n\n\n\n What to watch:<\/strong> AimLoan does not appear to offer FHA or USDA loans. Customer reviews are mixed: with positive feedback on rates and knowledgeable staff, negative reviews cited slow processing and communication gaps.<\/p>\n\n\n\n <\/p>\n\n\n\n Source: TrueRate data, June 12, 2026; <\/em>Tomo Mortgage Review: AimLoan<\/em><\/a>; <\/em>The Truth About Mortgage: AimLoan Review<\/em><\/a><\/p>\n\n\n\n <\/p>\n\n\n\n <\/p>\n\n\n\n TrueRate ranks lenders on one thing: the rates real borrowers actually received. Not what lenders advertise. Not what they quote to people with 800 credit scores and 40% down. Just what closed loans looked like across a million transactions, controlling for credit profile, loan size, location, and market conditions on the day of lock.<\/p>\n\n\n\n <\/p>\n\n\n\n Tomo Mortgage ranked in every state where it’s licensed because its cost structure produces lower rates. No origination fee, no processing fee, no underwriting fee means the margin that other lenders build into their rate to cover overhead isn’t there.<\/p>\n\n\n\n A close competitor according to TrueRate’s data is PenFed Credit Union, which appeared in the low-rate range in all 50 states. Their rates are genuinely competitive, and for members it’s worth a serious look.\u00a0<\/p>\n\n\n\n <\/p>\n\n\n\n The table below summarizes what TrueRate’s nationwide data revealed across all 50 states and DC on June 12, 2026.<\/p>\n\n\n\n <\/p>\n\n\n\nLenders Consistently Ranked for Low Rates Across the US<\/h2>\n\n\n\n
1. Tomo Mortgage<\/h2>\n\n\n\n
2. PenFed Credit Union<\/h2>\n\n\n\n
3. Kwik Mortgage<\/h2>\n\n\n\n
4. AimLoan.com<\/h2>\n\n\n\n
Why Tomo Mortgage is #1<\/h2>\n\n\n\n
What the Data Shows<\/h2>\n\n\n\n