A coach for the week you shop for a mortgage
How many quotes is enough?
Coach's call
There is no legal number, but more than one is essential and three or more usually shows the range. Mixing types, such as a bank, a credit union and a broker, tends to widen what you see. Stop adding quotes when new estimates stop changing the picture.
Last reviewed against the primary sources listed below.
Why more than one
The CFPB encourages getting multiple Loan Estimates because offers for the same borrower can differ.
Diminishing returns
Each extra lender adds calls and paperwork. Spread your requests across different kinds of lenders rather than many of the same kind.
Shoppers ask the coach
How many mortgage quotes should I get?
At least two, and usually three or more from different kinds of lenders, all on the same day.
Is it rude to ask several lenders for quotes?
No. Comparing offers is normal and expected.