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Best San Diego Mortgage Lenders of 2019

Jan. 17, 2019
Finding the Right Mortgage, Mortgages
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.

Thanks to white-sand beaches and year-round sunshine, deciding to live in San Diego is a no-brainer. But with scores of mortgage companies to pick from, finding the right one to finance your house can feel more difficult. That’s where NerdWallet comes in.

We compared San Diego’s leading mortgage lenders — high-volume national brands along with local options — to identify top options for first-time home buyers and repeat buyers alike.

When choosing a mortgage lender, it’s important to think about what matters most to you: Some borrowers need low-down-payment options, some want a competitive interest rate, and others look for the convenience of an online application process.

We’ve narrowed the field to help simplify your search for a San Diego mortgage lender.

» MORE: Five tips for finding the right mortgage lender

NerdWallet’s best San Diego mortgage lenders

These national and regional mortgage lenders do business in San Diego, even if they don’t have physical locations there, and are among the city’s highest-volume mortgage companies.

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at Flagstar

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for those who appreciate the full-service experience of a leading regional bank. Flagstar offers a full menu of fixed and adjustable home loans and mortgage refinancing, as well as jumbo loans and home equity financing.

 

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at Guild Mortgage

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers with a relatively high credit score who may need down payment assistance or help from a state housing agency.

 

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at Quicken Loans

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal choice for convenience and quick-response customer service. Quicken Loans provides just about all the services your neighborhood lender does — with online convenience.

 

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at Fairway

National / regional

National

Min. down payment

3%

Why we like it

Ideal for borrowers who want lots of options and a quick turn time. Fairway Independent Mortgage offers a full selection of home loans along with a comprehensive mobile app for a fast and easy application process.

 

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at Caliber Home

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for first-time home buyers, veterans and those who may have credit challenges to overcome.

 

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at loanDepot

Min. credit score

620

Min. down payment

3.5%

Why we like it

Ideal for borrowers looking to get a mortgage with help from a loan officer. Digital back-office operations are said to add efficiency to the loan process.

 

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at Navy Federal

National / regional

National

Min. down payment

0%

Why we like it

Ideal for military members and their families. Navy Federal Credit Union offers a wide range of mortgage products and low minimum loan amounts, and considers alternative credit data.

 

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at SDCCU

Min. down payment

5%

National/regional

Regional

Why we like it

San Diego County Credit Union is ideal for borrowers who want a conventional loan, and live or work in San Diego County.

 

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at Bank of America

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for borrowers who prefer a traditional bank. Bank of America offers a wide array of mortgages and online account management tools. It also has first-time home buyer loans with low down payments and no mandatory mortgage insurance.

 

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at Chase

Min. credit score

620

Min. down payment

3%

Why we like it

Ideal for first-time home buyers who want to talk to a loan officer in person or on the phone, and for homeowners who want to refinance their mortgages in 60 days or less. Chase offers a full line of mortgage products and account management tools.

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.

Best San Diego mortgage lenders: Summary

More from NerdWallet

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.