Best Mortgage Lenders in California"

Posted by Elijah on August 26th, 2022

There are plenty of mortgage lenders available for California residents to choose from. This is why choosing whether to apply for a loan can be challenging. After all, it's probably the biggest sum of money you'll ever borrow. For the next 15, 20, or 30 years, your mortgage payments will bind you to your lender or servicer, so you obviously want to make the best decision. Your choice can be aided by SmartAsset. To find you the best lenders California has to offer, we assessed lenders based on a number of criteria.

The personal finance experts at "best mortgage brokers California" into a variety of national and local mortgage lenders, including retail banks and mortgage-only lenders, to find the best lenders in California. The team evaluated each lender based on a variety of criteria, such as their presence in California, their transparency, their web presence, their rates, their fees, their preapproval process, and the availability of loans.

U.S. Bank is SmartAsset's top pick for the best mortgage lender in California overall for a variety of reasons. For starters, it has numerous retail bank locations throughout the state and a large selection of loan officers. Additionally, you can choose from a range of home loans to suit your needs, including conventional fixed-rate and adjustable-rate loans, FHA and VA loans, loans for new construction, loans for investment properties, and refinances. Origination fees are on the lower end of the spectrum, and mortgage rates are in the middle of the pack.

The advantages of a full-service bank, such as a mobile app and a well-designed website, are all provided by U.S. Bank. If you'd like, you can use the same bank for all of your accounts, including personal loans, credit cards, checking, and savings. Even though you are not required to have an account with U.S. Bank to apply for a mortgage, having accounts with the same institution can speed up the procedure. However, U.S. Bank permits independent homebuyers to submit an online prequalification application. To get started, you can also make a phone call or go in person to a branch. When compared to other major lenders, the company has very high ratings for customer satisfaction and customer service.

U.S. Bank's product lineup is where it falls short. USDA loans are not offered by this company. To apply for that kind of loan, you can always use Rocket Mortgage, our top online lender. Other than that, U.S.Bank doesn't have many drawbacks.