Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
With Motto Mortgage, you don’t work with a single bank or lender. Rather, you have access to a mortgage broker’s entire network of lenders to help you find the best deal. But it’s not transparent about fees and is only available in 33 states.
Minimum credit score
Minimum down payment (Conventional)
Not available in: CT, KS, ME, MN, MS, NE, NH, NY, ND, RI, SD, UT, VT, VA, WA, WV, WI, DC
|Loan products offered||Conventional, Jumbo, FHA, VA, Reverse, Refinance|
|Minimum credit score||Conventional: 620|
|Minimum down payment (Conventional)||3%|
|State availability||Not available in: CT, KS, ME, MN, MS, NE, NH, NY, ND, RI, SD, UT, VT, VA, WA, WV, WI, DC|
|NMLS #||Each Motto Mortgage office has its own NMLS|
Kat Aoki is a personal finance writer at Finder who specializes in breaking down what you need to know before taking out a loan — from the best mortgage providers by state to how to get the lowest rate on a debt consolidation loan. And she’s no stranger to personal finance. Since 2011, she’s written hundreds of thoughtful, informative articles to help consumers make better decisions on their home loans, credit cards, insurance policies and more. Kat is also well-versed in working with leading brands in the real estate, mortgage and personal finance industries, including Amex, Citibank, GE Money and RealEstate.com.au, among others. She holds a BS in Business Administration and Marketing from California State University and enjoys travel and hiking in her spare time.
If you’re looking for a lender that offers both real estate services and mortgage brokers in one place, Motto Mortgage could be an excellent choice.
Each Motto office is independently owned, and loan officers don’t steer you towards any particular loan product. Rather, they monitor lenders that adjust their rate daily based on volume and try to find the lowest rate for you as they change.
Because Motto Mortgage doesn’t advertise its current rates or fees online, you may want to call and get prequalified to see what your available rates might be. The loan officer we spoke with was extremely helpful and knowledgeable.
Motto Mortgage is not currently available on Finder
Have you considered First Horizon?
Multiple mortgage programs available in 12 states with no pre-payment fee.
To find out if you meet the requirements, you’ll need to get in touch with the company or start an online application.
Basic eligibility for a loan with Motto Mortgage includes:
While everyone’s situation is different, here’s the basic documentation you’ll need to apply for a home loan from Motto Mortgage.
If you’re self-employed, you’ll also need:
Motto Mortgage doesn’t charge broker fees. But each lender that Motto Mortgage works with has its own origination fees, which typically range between $750 and $1100, depending on the lender and loan product. This fee can be paid upfront or rolled into your mortgage payment.
To apply for a mortgage with Motto Mortgage, either call the company or start an online application. To begin the process for the latter:
Motto Mortgage also offers these specialized types of mortgages:
Compared with other lenders, Motto Mortgage offers a standard range of loans, plus interest-only and balloon loans for investors and high-worth individuals. What makes Motto Mortgage different from other lenders is that it offers real estate agents and mortgage brokers in one place, giving you access to multiple loan options and rates without having to shop around.
Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
As of July 2022, Motto Mortgage has a 4.96 out of 5 rating on Zillow from 23 customers who report receiving excellent service from their loan officers and lower-than-expected fees and closing costs. Motto Mortgage is not accredited with the Better Business Bureau (BBB).
Customers report being thrilled with their loan officers’ level of knowledge, trustworthiness and ability to get things done. We couldn’t find any negative reviews about the company, but there are only a small number of reviews posted online at this time.
Founded in 2016 and headquartered in Denver, Colorado, Motto Mortgage is a member of RE/MAX and is a network of locally owned and operated mortgage brokerages across the US. By working directly with loan originators, Motto Mortgage aims to provide homebuyers and refinancers access to a wholesale lending mix of competitive interest rates. Every Motto Mortgage office is independently owned, operated and licensed.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.