Best of

Best San Diego Mortgage Lenders of 2019

NerdWalletJuly 2, 2019

At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

Shopping for San Diego mortgage lenders? Compare our picks for the city’s top mortgage companies to get the best loan options, mortgage rates and more.

Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Embraces FHA-backed home loans.
  • Offers three construction loan offerings.
  • A professional loan package is tailored for the needs of doctors, lawyers, architects and certified public accountants.
  • Flagstar reps are familiar with low-down-payment state bond programs for first-time home buyers and income-limited households, as well as the areas that qualify for USDA loans.
  • Offers home equity loans and home equity lines of credit.

Cons

  • Charges an average $1,000 origination fee.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Works with loan programs offered by state and local housing agencies.
  • Specializes in mortgages for first-time home buyers.
  • Almost half of its loans are low-down-payment government mortgages.
  • Considers alternative credit, such as history of payments on rent and utilities.

Cons

  • With a concentration of offices in the West and South, Guild has little presence in the Northeast and Midwest.
  • Jumbo borrowers may find that banks are more competitive when it comes to large-amount loans.
Read full review
Quicken Loans

at Quicken Loans

at Quicken Loans

Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch.
  • Instantly verifies employment and income for more than 60% of working Americans.
  • Offers custom fixed-rate loan terms that are between eight and 30 years.
  • Provides FHA-backed loans, USDA loans as well as products offered by Freddie Mac and Fannie Mae that require down payments as low as 3%.

Cons

  • Doesn't offer home equity loans or HELOCs.
  • If you’re a “look me in the eye” type of customer, you’re out of luck.
  • Doesn’t consider alternative credit data. It just looks at credit scores and debt-to-income ratios, the way most mortgage lenders always have.
Read full review
National / Regional

National

Min. Down Payment

3%

Pros

  • A robust suite of loan products.
  • Licensed in all 50 states.
  • Close in as little as 10 days using the Fairway app.

Cons

  • Limited branch locations.
  • Mortgage rates not posted on website.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Participates in some down payment assistance programs.
  • Offers educational resources for military borrowers.
  • Provides digital tools for a streamlined application process.

Cons

  • No mortgage rates displayed online.
  • Must work with a loan officer for pre-qualification and preapproval.
Read full review
loanDepot

at loanDepot

at loanDepot

Min. Credit Score

620

Min. Down Payment

3.5%

Pros

  • Offers digital income, asset and employment verification.
  • Has over 150 affiliated loan stores nationwide for customers who prefer face-to-face service.
  • One of the nation’s most active lenders of FHA and VA loans.

Cons

  • Published mortgage rates include up to three points of prepaid interest and fees.
  • Does not offer home equity loans or lines of credit.
Read full review
National / Regional

National

Min. Down Payment

0%

Pros

  • Wide range of affordable mortgage products designed for military members.
  • Willing to look at nontraditional credit data, such as rent payments, as part of its credit evaluation for certain products.
  • Lower minimum loan amounts than many other lenders.
  • Online application for preapproval with quick decision.
  • $1,000 mortgage rate match program.
  • Operates nationwide.

Cons

  • Charges application and underwriting fees.
  • Origination charge on a typical conventional loan is 1% of the loan amount.
Read full review
Min. Down Payment

5%

National / Regional

Regional

Pros

  • Online loan application and rate tracking.
  • Customized rates available without personal info.
  • Down payments as low as 5%.
  • Offers partial rebates on real estate agent commissions.

Cons

  • No FHA, VA or USDA home loans.
  • Can't digitally sign loan documents.
  • Online preapproval not available for all loan products.
Read full review
Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Allows borrowers to apply entirely online.
  • Offers down payment and closing cost assistance programs.
  • Accepts alternative credit data for some loan types.
  • May give existing customers a discount on mortgage lender origination fees.

Cons

  • Charges an application fee of $1,170, on average.
  • Has a high volume of consumer complaints, even for a big national bank.
Read full review
Chase

at Chase

at Chase

Min. Credit Score

620

Min. Down Payment

3%

Pros

  • Allows electronic submission and tracking of documents.
  • Existing Chase customers can get discounts.
  • Offers a wide selection of purchase and refinance mortgages.

Cons

  • Charges rate lock, origination and underwriting fees.
  • You have to speak with a mortgage banker to get complete info on products and requirements.
Read full review

Summary of Best San Diego Mortgage Lenders of 2019

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Flagstar

Flagstar

first-time home buyers

620

3%

Read review
Guild Mortgage

Guild Mortgage

first-time home buyers

620

3%

Read review
Quicken Loans

Quicken Loans

at Quicken Loans

a digital mortgage experience

620

3%

at Quicken Loans

Fairway

Fairway

a digital mortgage experience

N/A

3%

Read review
Caliber

Caliber

veterans

620

3%

Read review
loanDepot

loanDepot

at loanDepot

home equity loans

620

3.5%

at loanDepot

Navy Federal

Navy Federal

a credit union mortgage

N/A

0%

Read review
San Diego Country Credit Union

San Diego Country Credit Union

a credit union mortgage

N/A

5%

Read review
Bank of America

Bank of America

face-to-face service

620

3%

Read review
Chase

Chase

at Chase

face-to-face service

620

3%

at Chase

LenderBest For

Minimum Credit Score

Minimum Down PaymentLearn More
Flagstar

Flagstar

first-time home buyers

620

3%

Read review
Guild Mortgage

Guild Mortgage

first-time home buyers

620

3%

Read review
Quicken Loans

Quicken Loans

at Quicken Loans

a digital mortgage experience

620

3%

at Quicken Loans

Fairway

Fairway

a digital mortgage experience

N/A

3%

Read review
Caliber

Caliber

veterans

620

3%

Read review
loanDepot

loanDepot

at loanDepot

home equity loans

620

3.5%

at loanDepot

Navy Federal

Navy Federal

a credit union mortgage

N/A

0%

Read review
San Diego Country Credit Union

San Diego Country Credit Union

a credit union mortgage

N/A

5%

Read review
Bank of America

Bank of America

face-to-face service

620

3%

Read review
Chase

Chase

at Chase

face-to-face service

620

3%

at Chase

Local mortgage lenders in San Diego

The following lenders have not been reviewed by NerdWallet. However, they do a significant volume of mortgage lending in San Diego and are popular among the city’s mortgage shoppers. Check them out if you prefer to include a local lender or two in your search for the best mortgage.

Union Bank

  • Several low-down-payment loans.
  • Loan options with no closing costs and no mortgage insurance.
  • Mobile app available.
  • Multiple branch locations in San Diego.

CrossCountry Mortgage

  • Pre-qualification requires a phone call with a loan officer.
  • Loan programs for foreign nationals and self-employed borrowers.
  • Will finance all types of condos.
  • Several branch locations in and around San Diego.

Bay Equity Home Loans

  • Conventional, government and jumbo loan options.
  • Offers refinancing and reverse mortgages.
  • Only one branch location in San Diego.

AIMLoan (American Internet Mortgage)

  • Website provides instant customized rate quotes.
  • Offers 3% down conventional loans.
  • Claims to charge a flat, guaranteed lender fee.

More from NerdWallet

Last updated on July 2, 2019

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best San Diego Mortgage Lenders of 2019