Morty mortgage rates
As an online mortgage broker, Morty works with a large network of lenders, giving borrowers access to multiple loan options.
You can even request sample rates from Morty’s website without completing a full loan application. Simply enter the home’s purchase price, down payment amount, ZIP code, and estimated credit score. You’ll then receive rate information for 30-year and 15-year fixed-rate loans.
Keep in mind that mortgage rates are influenced by several factors, such as your credit score, down payment, and the specific lender. Rates can vary, so it’s important to compare offers to ensure you get the best deal.
As a mortgage marketplace, Morty doesn’t underwrite your home loan directly. Instead, Morty manages the process with the lender, making it easy to compare rates and pricing from multiple lenders after just one application.
Find your lowest mortgage rate. Start hereMorty mortgage review for 2025
Morty’s mission is twofold: to help borrowers secure the right mortgage at the right price and to serve as the premier platform supporting loan officers and their clients. Shopping for a mortgage and finding a low rate can be time-consuming, so Morty simplifies the process by offering multiple loan options through a single online application.
Morty provides a range of loan options to suit different payoff timelines. It caters to various needs by offering loans for primary residences, investment properties, and second homes, and refinancing. Morty also supports home equity lines of credit (HELOCs).
While many borrowers appreciate the convenience of an online mortgage application, Morty’s streamlined loan comparison tool may not be the best fit for every situation. For example, Morty offers loans such as USA, renovation, and construction loans, but these are considered “off-product.”
This means that pricing for these loans is processed directly through the lender, rather than through Morty’s pricing engine (which clients can view in Elroy). However, Morty is still able to process these “off-product” loans for clients. Contact a Morty representative to learn more.
Working with Morty
If you decide to apply with Morty, you’ll work with a dedicated loan expert throughout the process. Start by using the online sample rate tool for up-to-date interest rate estimates, then click “Get started” to review your loan options and begin pre-approval. You’ll need to provide the property’s address and supporting documents, such as:
- Recent bank account statements and pay stubs
- Investment account statements
- W2s and tax returns for the past two years
Morty can use a soft credit pull for pre-approvals. Clients and loan officers can get a pre-approval letter generated instantly. Once you have an offer accepted, you’ll complete your full application and submit it through Morty’s website.
After submitting your full application, you’ll receive a Loan Estimate detailing interest rates, loan terms, and cash-to-close details as well as all of your loan disclosures to review and sign explaining important aspects of your loan. Your loan then enters underwriting, which includes a home appraisal to ensure the loan amount aligns with the property’s value and a verification of employment, assets, and other income.
Morty aims to close most home loans in about three weeks, though timelines may vary. You can get started with Morty or learn more about their services here.
Mortgage loan products at Morty
Morty’s online brokerage offers a variety of home loan options to meet your needs:
- Conventional loans: The most common mortgage option. Homebuyers can qualify with a minimum credit score of 620. First-time homebuyers can put down as little as 3% for a single-unit home, while repeat buyers need at least 5% down. For multi-unit homes, repeat buyers need 15% down for a two-unit home or 20% down for a 3-4 unit property.
- Jumbo loans: Designed for loans that exceed Fannie Mae and Freddie Mac limits, which are currently $806,500 in most areas. Morty’s jumbo loan limit is up to $5 million.
- Fixed-rate mortgages (FRMs): Fixed-rate options include 30-year, 20-year, and 15-year loan terms.
- Adjustable-rate mortgages (ARMs): Options include 5/1, 7/1, or 10/1 ARMs. With an ARM, you pay a fixed interest rate for the first 5, 7, or 10 years, after which the rate can adjust annually for the remaining term (typically 30 years).
- FHA loans: Available directly on the Morty platform, FHA loans offer more flexible qualification criteria for first-time and repeat buyers.
- USDA, VA, and non-QM loans: Morty supports these loan products, but they are not directly available on our online platform. Instead, clients will work with their Loan Officer (LO) to receive pricing and quotes directly from the lender rather than through Morty’s website. These “off-platform” products are fully supported within our extensive lender network to ensure a smooth and seamless process.
Morty is your one-stop shop for home financing, offering support for home purchases, refinancing, HELOCs, and investment properties. Morty supports a wide range of products through our lender network, with the exception of commercial loans. Whether you’re buying a primary residence, a second home, or an investment property, Morty makes it easy to find the right mortgage solution for you.
Where can I get a mortgage with Morty?
Morty is an online mortgage broker with no brick-and-mortar locations. Borrowers can apply online, but only in states where Morty is licensed. Click here to see a full list of states where Morty is available
Morty mortgage FAQ
Morty is an online mortgage broker that simplifies the process by offering guidance, competitive rate comparisons, and affordable loans for home purchases, HELOCs, and refinancing. The platform serves both homebuyers and loan officers by streamlining every step from pre-approval to closing. With Morty, homebuyers enjoy a seamless mortgage experience while loan officers gain access to robust tools to better support their clients.
Yes, Morty is a legit online service. Morty was founded in 2016 and operates in 45 states plus the District of Columbia (see link of licensed states: https://www.morty.com/legal/licensing ). It has a network of lenders, loan officers, and realtor advisors. Most borrowers can apply and get a pre-approval in under 15 minutes and some loans can close in as little as 14 days.
No, Morty is not a direct lender. The company does not lend money for home purchases or refinances. Instead, Morty is a mortgage broker. It serves as a mortgage marketplace that connects you with potential lenders. You can use the company to compare home loan rates and find mortgages to fit your situation.
To get approved for a Morty mortgage, you’ll need a minimum credit score of 620 for a conventional loan or a 580 for FHA loans. However, a higher credit score can help you qualify for a lower interest rate and lower monthly payments on your mortgage loan.
If you’re a first-time home buyer, you can get a mortgage through Morty with as little as 3 percent down for a conventional mortgage or 0% down for eligible VA and USDA borrowers . But if you’re a repeat buyer, you’ll need a minimum down payment of 5 percent. As is true for any lender, if you put down less than 20 percent, you will pay private mortgage insurance (PMI). This insurance protects the lender in the event of default.
Is Morty the best mortgage lender for you?
Morty could be a good option if it offers the type of home loan you need. Its online comparison platform can help streamline the shopping process, making it easier for you to find the right lender. If you prefer doing business in person, you may want to consider a lender that can offer a brick-and-mortar mortgage experience.
Check current mortgage interest rates on Morty’s website to decide whether it’s a good option for you. You can get a rate estimate without submitting a full application, so you can easily see how competitive Morty’s mortgage rates are and decide whether to move forward with the company.
Methodology
The Mortgage Reports considers multiple factors when reviewing lenders. These factors include credit and down payment requirements, loan types offered, customer service indicators, and availability of online tools. We then use these factors to rank lenders in four categories:
- Lending flexibility: Includes the number of loan types offered, special programs offered, minimum down payment requirements, and minimum credit score requirements
- Customer service: Includes CFPB complaints per 1,000 loans and average rating from other top rating services
- Ease of application: Includes the availability of an online pre-approval or pre-qualification process
- Online experience: Includes the robustness of the lender’s online offerings, including online chat availability, phone number availability, and learning center/help center availability
