Best Mortgage Lenders with no Origination Fee of 2019

Mortgage lenders

Are you looking for a new home? And worried about the hidden charges that come along with a mortgage? In this post, I have listed 5 mortgage lenders who don’t charge an origination fee or lender fee.

The origination fee is the amount charged by the lender for procession your application for the mortgage. Seems unnecessary right? Well, most mortgage lenders charge an origination fee between 0.5% and 1% on mortgage loans in the United States.

Here are 5 best mortgage lenders who charge no origination fee.

1) AmeriSave

AmeriSave is an Atlanta based finance firm lead by Mike Berte. Mike has over 20 years of experience in building large-scale residential mortgage platforms in America. AmeriSave understands its customer and their needs very well and thrives to provide low rates. Before providing a loan, they keep in mind your kid’s college education and your retirement plans.

AmeriSave is a mortgage lender providing conventional mortgage loans with no origination fee. This loan is not government backed. Hence, there is no excess delay or unnecessary processing time. Down payments are very less and this loan is best for people with a decent credit score. A credit score of 620 is good enough for AmeriSave.

2) PrimeLending

PrimeLending has been in the home loan business since 1986 and specializes in VA home loans. They have more than 2,800 employees working at their offices across the United States. So, their customer service is top notch. They provide VA loans to war veterans and military personnel who are ready to become homeowners. It’s one of the few mortgage lenders for military veterans with no origination fee.

3) is a New York-based mortgage lender who prides themselves on the fact that they don’t charge any origination fee or lender fee from their customers. They also claim to provide one of the best customer services in the industry. work with investors who want to earn more money via commissions. The investors make a one-time payment to when they buy the loan.

4) Network Capital

Network Capital is a finance firm specializing in lending mortgages to first time home buyers. Along with providing low rates, the employees at Network Capital also study and understand the customer’s needs. They suggest loan options based on your purchasing capacity. The rates are so low that once you step into your new home, you will be paying a premium less than the cost of the rent of that house.

5)  Reali Loans

Reali Loans, In is a California based mortgage lender that provides a loan with no origination fee. The application can be filled online and the document verification is easy and hassle-free. Reali Loans are the ideal company for people who are short on time and want to perform all the loan application activity from their home or office.


Keep in mind that lenders deserve to get their compensation for working hard on your application. So, if you find a mortgage lender who provides low rates but charges an origination fee less than 1 %, then it in your own best interest to choose that lender for your mortgage needs.

5 Reasons to Keep Renting


You should read this post if you are wondering whether to buy a house or spend your days living in a rented house. You could also be a person who is staying in a rented house and wants some reassurance on your decision to do so.

Renting a house can be a better option for someone who has a limited budget and doesn’t want to take big financial risks. Don’t worry, it doesn’t put you in the category of financially unstable people. In fact, your decision to live in a rented house shows greater financial awareness.

Here are 5 reasons to keep renting.

1) You can change locations when needed

Gone are the days when people use to spend their entire life in a single city or a town. Since the last ten years, there has been a massive change in the way people make financial decisions. And I am talking about both new and older generation. People want more flexibility and control over their lives.

They prefer having an option to move to a new city or a country whenever they want. This is one of the biggest reasons you should consider renting a house. Even if you don’t agree with me right now. It’s better to be open-minded and keep the options open. Never get locked down to a single place.

2) You want better infrastructure


Let’s be honest. Who doesn’t want a swimming pool, a golf simulator and a basketball court close to their apartment? All this is possible by renting a house in an apartment building that has all these amenities. You can enjoy every service and feature these fancy apartments have to provide. That too at a nominal monthly fee or sometimes they are included in the rent itself.

3) Saves a lot of money

Generally speaking, renting is always cheaper than buying a home. Also, you don’t have to worry about mortgage payments per month. By living in a rented house, you can save money on maintenance, repairs and HOA fees. 

But, it should be noted that the amount you will save will depend on the city, the size of the house and locality around your house. I can present to you many cases in which renting a house will be expensive in the long run compared to buying the same house. So, to get a good deal you have to get your calculations right.

4) You don’t have the time for maintenance

Real estate agents hire property managers who take care of the house and are responsible to solve any issue that might arise in a rented house. The tenants don’t have to lose their sleep if any problem like leakage in the plumbing, power-cut, or theft takes place in the rented property. The real estate agent takes care of everything and you can relax and live your life without having to deal with such petty issues.

5) Low initial investment

You could be a fresh graduate and still afford to rent a house. No one is going to care about how you will be paying your rent. Moreover, the owner makes himself secure by taking a security deposit– one or two months rent in advance– from you.


Before investing your money in a real estate property, it’s imperative to consult a trusted real estate agent who has a good reputation. Renting can be more expensive than buying if you don’t do your due diligence.