Morty is an online mortgage broker for home buyers with 680+ credit. It uses Fintech (financial technology) and personalized service to find users the best rates from a network of verified lenders. Morty works with buyers through every step of the home buying process, from pre-approval to closing. It also offers free tools to help guide users, including a proprietary Home Financing Score and free consultations with mortgage experts.
Morty guides its users through the mortgage process, offering:
To use Morty, you must meet the following requirements:
The number one thing most home buyers want in a mortgage is a great interest rate. It’s a good thing then that Morty exists – its hi-tech algorithm helps connect users with market-beating APRs. With a combination of powerful Fintech algorithms and personalized service, Morty is not only capable of finding great rates; it also guides you through the mortgage process, ensuring everything runs smoothly.
Morty’s great if you meet the eligibility requirements, but that’s a big ‘if’. Firstly, Morty isn’t available in all states. At last count, it was live in 36 states and District of ColumbiaC (although it aims to reach all 50). Also, the minimum credit score for using the Morty platform is 680+, which is relatively high for a mortgage broker.
Currently, Morty only supports conventional purchase loans with at least 20% down payment. If you previously closed a home purchase with Morty, it can assist with a refinance.
Morty doesn’t offer government-backed loans (e.g. FHA, VA, USDA) home equity products (e.g. HEL, HELOC), or renovation loans.
In addition to brokering conventional home loans, Morty offers the following features.
One of the great things about Morty is the level of transparency. You can find the latest minimum rates on its website by clicking on the ‘Rates’ tab at the top of the page.
Based on customer reviews on sites such as Trustpilot and Zillow, the reception for Morty is overwhelmingly positive. Morty was founded in 2016 and has built up a reputation for great rates and hands-on customer service. To speak to an agent, use the live chat button on the Morty website or apply for pre-approval and wait for them to call you back. You won’t have to wait longer than 5 minutes for a response during regular business hours.
Morty has carved out a niche for itself with a focus on personalized brokerage for buyers with excellent credit. Some services overstretch themselves by trying to be everything to everyone. Morty does the opposite: providing an excellent, hands-on, technologically-driven service to a select group of home buyers.