Mortgage lender referrals

Visa
QLgO74

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QLgO74
Nov 7, 2020 17 Comments

Hi Blinders,

First time homebuyer- My offer just got accepted and went into contract for a SFH in Union City , California.

I know that the clock has started ticking now and i have started to shop around for Mortage loan , i spoke to wells fargo who are offering 3% but i am sure there must be better rates out there in the current market.

I also heard that rate is not just the factor , we have to look into the how quickly they close and working style.

So just wanted to check with you folks if you have any recommendations!

Offer - $1.08 Mil , 20% down - Credit Score 780+

#mortgage #finance #lenders#housing #mortgage #sanfrancisco

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TOP 17 Comments
  • Synopsys / R&D
    sudo ‼️

    Go to company page Synopsys R&D

    sudo ‼️
    Lendingtree
    Nov 7, 2020 4
  • Uber
    ilfh214

    Go to company page Uber

    ilfh214
    First Republic just wrote me 2.95% for 30 fixed, they are on the conservative side but good high-touch personal service.
    Nov 8, 2020 2
    • New
      SaBx22

      New

      SaBx22
      No no. Personal service is not worth the possibly hundreds of thousands you’ll spend with a higher interest rate. Once you close in 30 days or so, you don’t see the lender for the next 30 years.
      Only interest rate and time to close should be your factors to pick a lender.
      Nov 8, 2020
    • Uber
      ilfh214

      Go to company page Uber

      ilfh214
      2.95% was the best rate around for me. Closest was Wells Fargo at 3%, Chase was way up at 3.45.
      Nov 9, 2020
  • You didnt get preapproved? (To avoid having to pick someone based on speed of close) Anyway, check provident Funding...
    Nov 7, 2020 2
    • Visa
      QLgO74

      Go to company page Visa

      QLgO74
      OP
      I did get preapproved but with a different bank that realtor suggested- what rate did you get with provident funding?
      Nov 7, 2020
    • I just re-fi'd at 3% on 20 year with NO costs (at all) -mine was a very low balance, which might actually get worse pricing. But I also got existing customer discounts. Dont know if they are cheapest for new mortgages. Their posted rate is 2.75% for 30 year, but that probably has costs and jumbo might be different anyway. You can go to their site and get estimated quote without having to talk to agent and give them all your info.
      Nov 7, 2020
  • New
    ITeP37

    New

    ITeP37
    Citi Bank for Jumbo with 15% down & 50k transfer to their bank and maintain it for just 10 days after closing
    Nov 7, 2020 2
    • Visa
      QLgO74

      Go to company page Visa

      QLgO74
      OP
      What rate did you get ?
      Nov 7, 2020
    • New
      ITeP37

      New

      ITeP37
      I bought in April'2019, for priority member it is 0.125% less than market
      Nov 7, 2020
  • Nokia
    AIKON

    Go to company page Nokia

    AIKON
    OP, did you find the lender ? How much was your closing cost ?
    Nov 8, 2020 1
    • Visa
      QLgO74

      Go to company page Visa

      QLgO74
      OP
      PNC bank was offering 2.75 with points and 2.85 without points... but i read reviews that PNC can’t close on time so i am trying to negotiate with chase and Wells Fargo if they can match the rate
      Nov 10, 2020