Tomo Mortgage is a relatively new financial technology company, founded in 2020, and offers both mortgage lending and real estate brokerage services. The company has one of the most straightforward websites we've seen in a long time. Tomo doesn't make you jump through any hoops—including providing your contact information—to receive estimated interest rates on the loan you wish to take out. You can get preapproved for a mortgage, complete your application, and close your loan online. You can review Tomo's Nationwide Mortgage Lending System file directly from a link on the website. The company prides itself on not using chatbots to communicate with customers, but rather providing live support online or by telephone which can save you time and eliminate confusion when shopping for a mortgage. Tomo doesn't offer the widest range of mortgage options for the time being: just 15-year and 30-year fixed mortgages. But the company is willing to work with buyers whose credit scores are as low as 600 (680 is a common threshold) and doesn't require a very large down payment. You can buy a home through Tomo with just a 5% down payment. For many homebuyers, those factors outweigh the fact that the company doesn't offer the widest range of mortgage options.