Better Mortgage Review

Donny Gamble
January 30, 2022
Personalincome rating just does it better. That sounds like a slogan, but it’s true. They’ll pay you money if they can’t beat competitor offers, and the AI is so full-service that many individuals never even speak to a customer service representative to finalize their mortgage loans.

Better Mortgage logo
on's website
Better Mortgage

No current promotions

Some of the links in this post are from our partners who compensate us. This may influence some of the products and services we write about and choose to review. However, this does not influence our research process and our opinions are our own. Here is how we make money.

The information provided on this page does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual.

Key Takeaways

  • Everything is AI-powered with people in the background, so you don’t have to pay fees
  • The experience is one of the best that you’ll get on a financial application
  • Most loan types are accepted, some government-backed loans are not
  • Competitive APR ratings that rival that of most of their competitors

Pros & Cons

  • Absolutely no commissions or fees charged to you.
  • Takes under three minutes to be pre-approved for a mortgage.
  • AI helps you find the best discounts and programs for lower loan rates automatically.
  • Designed to beat competitor’s offer or they pay you cash.
  • Everything is online; no in-store or in-person help.
  • Zero home equity loans and some government loan types are not available.

What if you didn’t have to talk to someone on the phone or go into a branch to go from pre-approval status to being completely approved for a loan?

You can’t avoid dealing with a realtor, sure, but what if the loan process really was that simple?  That’s what is all about.

They’ve taken the average wait time for full loan approval and funding down from 45 days to 32 days, adopted AI to help with the workflow, and are easily the most futuristic-friendly financial company you can access today.

In this Better Mortgage review, we’ll talk about their mortgage loans and the process, how they’ve taken human error out of the equation, and why they’re quickly becoming one of America’s favorite mortgage lenders.

About Better Mortgage

The entire purpose of (apart from being a stunning and refreshing business model) is to take back the status quo on home ownership. is dedicated to making every aspect of home ownership more accessible to all Americans, reducing the predatory practices in the business to a resounding zero, and making it more comfortable for you to go through the application process.

Housing in America is one of the biggest businesses that we have, but as we saw in 2008, it can all come crashing down in an instant. uses fantastic technology to ensure that nobody is shafted, and that while it’s fair, their AI will be structured and ensure we never see another housing crisis (not through them, at least).

Loan Types

The following loan types are available for applicants:

  • Conventional loans
  • Fixed rate loans
  • ARM loans
  • Interest-only mortgages
  • Jumbo mortgages
  • Government-backed mortgage loans
  • FHA loans
  • USDA loans
  • VA loans

It’s basically every loan type that other institutions offer as well, the only thing is that you’ll notice they list “Government-backed mortgage loans” but not the specific kinds. 

There are restrictions, which is why it’s good that you have access to a 3-minute pre-approval process to see if your government-backed loan qualifies. Mortgage Rates

Better actually lists their mortgage rates on their site, which is a breath of fresh air compared to a lot of online lenders. Right now, their average for 30-year fixed is a 3.5% APR, and these numbers are updated constantly.

You can always go to their mortgage rate calculator to see the most current rates. They’re one of the few companies that offer a 20-year fixed rate, where you can see the APR drop to 3.25% or lower depending on the day.

By listing everything out in the open for the public to see, they remain one of the most transparent options on the market for anyone who wants to secure a home loan strictly through the internet.

Who is Better Mortgage Best For?

If you’re someone who doesn’t like talking to people to conduct business, or you’re always on the go and want something you can do from the comfort of your smartphone, is probably the best option on the market for you.

Better does have restrictions, but for many individuals, it’s not a struggle. You can access everything you need at your leisure, and track the process of your loan within the app or website.

The whole process is great for anyone who gets pre-approved, knows what they want, and wishes to take the element of human error out of the equation. FAQ's

Is Better a legitimate mortgage lender? was a crazy idea when it launched (depending on who you asked), but yes, it’s a completely legitimate mortgage lender with an unorthodox approach.

Everything is AI-powered with real people being there if you need them, but you can get an entire mortgage through an automated process using their AI without ever talking to a real person.

That’s what’s crazy about it. To date, they’ve secured a ridiculous amount in home loans, and continue to outclass the competition at just about every turn.

Is a good place to refinance?

Actually, it’s not the best. Which is pretty funny since we’ve been talking up this service the entire time. doesn’t offer home equity lines, and their refinance products aren’t really as plentiful as other mortgage loan providers.

For the refinance options that they offer, they’re competitive and great, just limited compared to other lenders out there. Check with the automated system to see what new refinance products are available at this time.

How long does it take to get approved for a loan?

Your pre-approval process can only take three minutes, which is one of the amazing things about it. But we all know that pre-approval isn’t the same thing as loan approval.

It can just take around 5 to 10 business days to be approved, with the total average time that it takes to close a loan, from start to finish, just a whopping 32 days.

That’s a really good average compared to most institutions, which give you a time frame of 45 to 60 business days.

What is the minimum credit score needed? wants to see a credit score of 620 or higher to approve you for a loan. That includes FHA loans, which historically require lower credit scores at other lenders, although with different rates. directly tells you that your credit score (they list a range from 620 to 850) “may see very different rates and terms due to their score and history.”

In short, be sure that even if your score is low, your recent credit history is solid so that you can receive the lowest possible mortgage loan rate from

Compare to Other Lenders

figure logo
New American Funding logo
loandepot logo

Buy or refinance your home with Better Mortgage for a seamless online mortgage experience backed by superior customer support.

  • Rating: 5
  • Reviewed by:
  • On January 30, 2022
  • Last modified:February 5, 2022

Review Summary:

Buy or refinance your home with Better Mortgage for a seamless online mortgage experience backed by superior customer support.

Review of:

Reviewed by:
On January 30, 2022
Last modified:February 5, 2022


Buy or refinance your home with Better Mortgage for a seamless online mortgage experience backed by superior customer support.

About the author 

Donny Gamble

I’m Donny. I’m a world traveler, investor, entrepreneur, and online marketing aficionado who has a big appetite to compete and disrupt big markets. I thrive on being able to create things that impact change, difficult challenges, and being able to add value in negative situations.

You may also like