San Francisco mortgage lenders are about as varied as Bay Area homes. Whether cutting-edge modern or button-down traditional, the capabilities of San Francisco mortgage lenders vary nearly as much as the features of a postmodern home in SoMa compared with a Queen Anne in the Pacific Heights neighborhood.
NerdWallet screened the capabilities of San Francisco mortgage companies in various categories — from national brands to leading local lenders. Here are the results.
National and regional mortgage lenders in San Francisco
These national brands underwrite a lot of mortgages in the Bay Area. Here are top-rated lenders in different lending categories.
Best San Francisco mortgage lenders among traditional banks
For borrowers who appreciate the full-service offerings of national banks, these lenders have the extensive home loan products to match.
- Offers a wide array of purchase and refinance products.
- Has first-time home buyer loans with low down payments and no mandatory mortgage insurance.
- Borrowers can get qualified and navigate the mortgage lending process entirely online.
- Bank of America mortgage review
- Has a full menu of home loan products and options for low down payments.
- Considers alternative credit data.
- Connects first-time home buyers with government bond and mortgage credit certificate (MCC) programs.
- CitiMortgage review
Best San Francisco mortgage lenders for refinancing
Whether you’re improving the interest rate of your old loan or looking for a cash-out option, these lenders are refinancing specialists.
- Provides fixed, adjustable, jumbo, FHA and VA refinance options.
- Allows electronic submission and tracking of documents.
- Existing Chase customers can earn fee discounts.
- Chase Mortgage review
- Refinance offerings run the gamut, including for FHA, VA and jumbo loans.
- Offers the ability to securely upload and digitally sign loan documents.
- Boasts of a high customer-satisfaction rate and a robust digital offering.
- Guaranteed Rate review
Best San Francisco mortgage lenders for first-time home buyers
These top-rated lenders have loan programs particularly suited to first-time home buyers.
- The largest FHA lender in the nation — a go-to home loan program for first-time buyers.
- Instantly verifies employment and income for more than 60% of working Americans.
- Pairs a fully online application with available mortgage advisors for those who want a human touch.
- Quicken Loans review
- Considers nontraditional credit history, providing a break to well-employed first-time buyers with thin credit files.
- In one sitting, SoFi gives you an upfront, underwritten loan approval.
- No application or origination fees.
- SoFi Mortgage review
Best San Francisco mortgage lenders for home equity products
With soaring property values, it may be time to access some of the equity accumulated in your home. These lenders are among the best.
- Offers home equity loans and home equity lines of credit.
- Home equity loan has a fixed interest rate for the life of the loan with no prepayment penalty.
- HELOC has no lender fees if line of credit remains open for 36 months.
- Flagstar Bank review
- HELOC balances can be converted to up to three fixed-rate options at one time.
- Offers variable- and fixed-rate HELOC options.
- No application fees or closing costs.
- U.S. Bank mortgage review
Best San Francisco mortgage lenders for government-backed loans
Government-backed loans, such as FHA, VA and USDA mortgages, offer flexible down payment options and relaxed lending standards to qualifying buyers.
- Offers FHA purchase loans and FHA streamline refinances.
- VA loan specialists help military-connected borrowers navigate the application process.
- Well-rated for low customer complaint volume.
- LoanDepot review
Local mortgage lenders in San Francisco
If you want to include a local lender or two in your search for the best mortgage, these San Francisco lenders are among the highest-volume mortgage makers in the city. The lenders have not been reviewed by NerdWallet.
Best San Francisco mortgage lenders: Summary
Bank of America: Best among traditional banks.
CitiMortgage: Best among traditional banks.
Chase: Best for refinancing.
Guaranteed Rate: Best for refinancing.
Quicken Loans: Best for first-time home buyers.
SoFi: Best for first-time home buyers.
Flagstar Bank: Best for home equity products.
US Bank: Best for home equity products.
LoanDepot: Best for government-backed loans.
PNC Bank: Best for government-backed loans.
First Republic: Top local lender.
Union Bank: Top local lender.
Fremont Bank: Top local lender.
American Pacific Mortgage: Top local lender.
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