These mortgage lenders in Rhode Island do a lot of business in the state and are some of the best-reviewed. Borrowers can choose between mortgages backed by the government, home mortgages and jumbo loans for the very first-time buyers. Whether you want to buy a new home or change the terms of your mortgage, you'll have a lot of options. Compare creditors to shop around for terms and rates, and select a Rhode Island loan giver that meets your needs and gives you the best deal. Here are the best mortgage lenders rhode island.

Wells Fargo

First-time buyers should take some time to look into special deals and programs for first-time buyers. Wells Fargo is the best mortgage lenders in rhode island for first-time buyers because it has a loan program called "First Mortgage." Families with low to moderate incomes can use the program to buy a home with a low down payment. It can also help you pay the costs of closing. You can go to a Wells Fargo branch to get help with your mortgage in person. You can get help with customer service both online and over the phone.

Better.com

If you work for yourself, the way you apply for a mortgage will be a little bit different. Better is an online lender whose process can be changed to fit your needs. As a self-employed professional, you'll have to show your income history by submitting your business tax returns for the last two years. You can apply for a mortgage and handle the whole process online. You can also learn about the mortgage process and how it will differ from what you read online. Better promises that the process and prices will be clear at every step.

Quicken Loans

Quicken Loans has the best online mortgage application process because it is quick and easy. This starts with its website, which has options that let you choose the type of mortgage you want. You may use online tools of Quicken Loans' to determine what you can afford by estimating your monthly mortgage payments. If you need help, you can call or go online to talk to a customer service team that gets good reviews.

Citi

The Federal Housing Administration gives out FHA loans, which are mortgages. These loans are made for people with low to moderate incomes and have less strict requirements for credit score and down payment. Citi's mortgage reps can help you find programs and deals that can help you save money on your mortgage. Customers who already transact with Citibank can use "relationship pricing" to get a lower interest rate. If you're not a Citibank customer yet, you can talk to a representative to see if it makes sense for you to become one to get this perk.

You can also use other Citi programs, such as the HomeRun Mortgage. There is no need for mortgage insurance, and the down payment could be as low as 3%. The credit rules for the HomeRun Mortgage are also flexible.

Veterans United

Veterans and people in the military may be able to get a VA loan. VA loans are given out by private lenders, but the U.S. Department of Veteran Affairs backs the programme (VA). Veterans United works hard to make it easy and affordable for qualified veterans and service members to buy their own homes. You can start by going to the Veterans United website to find out if you meet the requirements for a VA loan.

The site also has tools, like a monthly payment calculator, that can help you figure out which options fit your budget the best. When ready, you can apply for your mortgage online to see if you're qualified. Veterans United's customer service team is available 24 hours a day, seven days a week, so you can always get help with your mortgage.

Which Mortgage Provider is Better for You?

Still not sure how to find the rhode island best mortgage lenders? Here are a few things to think about:

• Mortgage programs: Take the time to look at the different mortgage programs to see what you qualify for.
• Customer service: Your mortgage lender will be someone you have worked with for a long time. It's a good idea to look at customer service reviews and ask friends and family for their opinions.

Spend some time looking at websites to figure out which mortgage programs and types make the most sense for you.