10 Best CalHFA Mortgage Lenders of 2022

Why we like it

Pros

• Displays detailed sample rates for many of its loan products.

• Offers a wide variety of loans, including jumbo and interest-only products.

• Offers low rates compared with other lenders, according to the latest federal data.

Cons

• Doesn't offer home equity loans.

Why we like it

Pros

• Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.

• Its home equity line of credit can be used for an owner-occupied or second home.

• Offers a program to enable buyers to make cash offers.

Cons

• Mortgage origination fees tend to be on the high end, according to the latest federal data.

Why we like it

Pros

• Offers a robust suite of loan products, including ITIN loans for borrowers without Social Security numbers, renovation loans, government-backed mortgages and loans for self-employed borrowers.

• Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

• Mortgage rates for different types of loans aren't posted online.

• Origination fees are on the high side compared with other lenders, according to the latest federal data.

Why we like it

Pros

• Has branches across the country for customers who prefer face-to-face service.

• Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

• Mortgage interest rates tend to be on the lower end, according to the latest federal data.

Cons

• Mortgage rates aren't available online; you'll need to contact a loan officer.

• Doesn't offer home equity loans or lines of credit.

Why we like it

Pros

• Offers a wide variety of loan products, including home improvement loans and mortgages for manufactured homes.

• Has retail branches in most states.

• Receives high marks for customer satisfaction, according to J.D. Power and Zillow.

Cons

• Does not offer home equity loan products.

• Origination fees tend to be higher, according to the latest federal data.

Why we like it

Pros

• Offers a full array of mortgage products, including government and renovation loans.

• Online portal keeps borrowers up to date on the loan application's progress.

• Offers home equity lines of credit, or HELOCs.

Cons

• Doesn't post interest rates on its site.

• Lender fees are on the high side, according to the latest federal data.

Why we like it

Pros

• Offers extensive educational resources for military borrowers.

• Participates in some down payment assistance and first-time home buyer programs.

Cons

• No mortgage rates displayed online.

• Doesn’t offer home equity loans or lines of credit.

Why we like it

Pros

• Full online application includes document uploads and automated loan updates.

• Offers a "float-down" interest rate lock.

• Offers government-backed mortgage and refinance options, including FHA, USDA and VA loans.

Cons

• No online mortgage rates — you have to contact the lender for info.

• Doesn't offer home equity products.

Why we like it

Pros

• Offers specialty loans, such as construction and renovation loans and loans for second homes and investment properties.

• Participates in first-time home buyer assistance programs in Illinois, Indiana and Wisconsin.

Cons

• Sample rates for some loan products are available only by contacting a loan officer.

• Physical locations aren't available in all states.

Why we like it

Pros

• Offers an ITIN qualification path for borrowers ineligible for Social Security numbers.

• Has a digital application process.

• Offers government-backed mortgage options for low- to moderate-income borrowers.

Cons

• No mortgage rates published online.

• No home equity loans or lines of credit.

• Generally has higher rates and fees than other lenders.

• Branch offices not available in all states.