4.8/5
based on 238 reviews
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What are you looking to do?
Conventional loans at a glance
3%
Low down payment with eligible programs
620+
Credit score minimum
$832,750
Loan size in most counties, higher in high-cost areas
PMI
Mortgage insurance required under 20% down payment
How it works
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1
Answer a few questions
Tell us about your goal. It takes about 2 minutes.
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2
Get access to your dashboard
See all your available rates, plus terms, costs and fees, side by side.
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3
You decide what to do
Pick an option or walk away. No strings attached.
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What borrowers say
A++++++
Hands down the Best Lender in NJ . Furqan makes the process so easy and his transparency makes all the difference. I wouldn’t pick any other lender to work with. A++++++
Wealth of knowledge and experience
Furqan Hanif is an exceptional broker who has a wealth of knowledge and experience in the home loan industry. He is dedicated to helping his clients find the perfect loan that suits their needs, whether they are first-time buyers or seasoned homeowners. Furqan’s professionalism and attention to detail make him a trusted partner in the home buying process. With his expertise, he can navigate the complexities of the lending market with ease, ensuring that his clients receive the best possible terms and rates. If you are in the market for a home loan, look no further than Furqan Hanif for a seamless and stress-free experience.
Great and procedure was smooth and reliable
Everyone was so professional and cooperative and All the procedure went so smooth and timely.from buy home to closing everyone (realtor to mortgage guy) were experienced and polite.
The greatest broker
The greatest broker. We have done 4 deals together and they all went through great. If he tells you he is doing it he will. Always available.
I would highly recommend him
A few months ago, Furqan has helped us with our very first home loan and made the whole process clean and simple. There were no surprises on the day of closing as many of my friends have told me. Furqan was able to get a better loan option even with my complicated tax returns and me being self-employed. He was able to get my deal closed that another local lender was dragging on for a couple of months. I would highly recommend him for his knowledge and ability to figure things out. Very nice team, always on the ball.
Amazing to work with!
He was amazing to work with! Made the entire mortgage process easy to understand and stress-free. He was always responsive, professional, and worked hard to get me the best rate possible. I highly recommend them to anyone looking for a trustworthy and efficient mortgage lender!
What a great experience!
Furqan, my loan officer, explained the whole process to me, set realistic expectations, and took the time to answer each and every question I had – and I had many! He is knowledgeable, hardworking, patient, and friendly. When I look back on past mortgage experiences, I find myself wishing I had found him sooner. MrRate is fantastic, and I will recommend them to everyone I know!
The best Lender you will ever work with
Furqan is 100% the best lender I’ve ever encountered. He is completely honest and transparent and makes the lending process a pleasant experience. I would highly recommend you give him a shot if you’re in the market for a home.
Mr Rate is great
This is a great mortgage company, my loan went smoothly and no surprises prior to closing. They kept me posted right from the time the contract was provided to them right up to the closing date. I would recommend this company to all my family and friend.
Exceptional experience
I had an exceptional experience. From start to finish, the process was smooth, transparent, and stress-free. He was incredibly knowledgeable, patient, and always available to answer my questions, no matter how small. He went above and beyond to secure the best rates for me and explained each step in a way that made me feel confident and informed. I truly felt like they had my best interests at heart. He was professional, responsive, and dedicated to ensuring my closing went off without a hitch. Thank you for making my home-buying journey such a positive experience!
Common questions
Can I get a conventional loan with less than 20% down?
Yes. Many programs allow 3% to 5% down. PMI applies when you put down less than 20%.
What credit score do I need?
Most conventional programs start at a 620 credit score. A higher score usually means a lower rate.
Will getting a quote affect my credit score?
No. Getting a quote has no impact on your credit score.
What is PMI and can I get rid of it?
Private mortgage insurance protects the lender when you put down less than 20%. You can usually ask to remove it once you reach 20% equity in your home.
What is the loan limit?
$832,750 in most counties, and higher in high-cost areas.
Can I use it for a second home or investment?
Yes. Conventional loans can be used for second homes and investment properties, though down payment requirements are usually higher.
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