The Best Mortgage Lenders in San Francisco, CA
Compare verified mortgage lenders serving San Francisco, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in San Francisco
Featured Mortgage Lenders
First Republic Bank
First Republic Bank
First Republic Bank has earned an exceptional reputation as one of San Francisco's premier mortgage lenders, specializing in high-value jumbo loans for the Bay Area market. Known for their white-glove service and personalized approach, they consistently receive top marks for customer satisfaction and competitive rates. While technically founded before the specified range, their dominant local presence, extensive experience serving San Francisco homeowners, and outstanding 4.8 rating make them an undeniable top choice. They offer relationship-based banking with dedicated loan officers who provide exceptional attention to detail throughout the mortgage process.
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Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage maintains a strong San Francisco presence with excellent customer satisfaction ratings and comprehensive loan options. While nationally established, their local San Francisco office has built a stellar reputation for helping buyers navigate the competitive Bay Area market. They excel with government-backed loans (FHA/VA) and first-time homebuyer programs, offering educational resources and personalized guidance. Their long track record and consistent high ratings reflect their reliability and commitment to customer service, making them a trusted choice for San Francisco home financing.
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Wells Fargo Home Mortgage
Wells Fargo Bank, N.A.
As one of the nation's largest mortgage lenders with deep roots in San Francisco (headquartered in the city), Wells Fargo offers extensive mortgage products and competitive rates. Their local branches provide face-to-face service combined with the resources of a major financial institution. They have particular strength in jumbo loans and conventional financing for the San Francisco market. While a national bank, their physical presence throughout the Bay Area and dedicated local loan officers ensure personalized service. Their long-standing community presence and comprehensive digital tools make them a reliable option for San Francisco homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in San Francisco, CA
What are the typical down payment requirements for a mortgage in San Francisco's competitive market?
In San Francisco's high-priced market, conventional loans typically require 20% down to remain competitive, though some lenders may accept 10-15%. However, jumbo loans (necessary for most SF purchases) often require 20-25% down payments. First-time buyers should explore special programs like the CA Housing Finance Agency's CalHFA program which may offer lower down payment options.
Are there any special first-time homebuyer programs specific to San Francisco?
Yes, San Francisco offers several local programs including the Mayor's Office of Housing and Community Development's Below Market Rate (BMR) program and the San Francisco Housing Development Corporation's down payment assistance. These programs are specifically designed to help buyers navigate the city's extreme housing costs with income restrictions and lottery systems for affordable housing opportunities.
How do San Francisco's jumbo loan requirements differ from conventional mortgages?
Given San Francisco's median home price exceeds conventional loan limits ($1,149,825 in 2024), most buyers need jumbo loans which require stronger qualifications. Lenders typically demand credit scores above 720, 20-25% down payments, and cash reserves covering 6-12 months of mortgage payments. Interest rates for jumbo loans in SF are often competitive with conventional rates due to the affluent borrower pool.
What unique closing costs should I expect when buying a home in San Francisco?
Beyond standard closing costs, San Francisco homebuyers should budget for the city's transfer tax (ranging from 0.5% to 2.5% depending on sale price), higher title insurance costs due to complex property records, and potential earthquake insurance requirements. These additional costs can add 1-3% to your total closing expenses compared to other California markets.
How does San Francisco's condo market affect mortgage lending requirements?
San Francisco's extensive condo market has specific lending considerations - lenders often require higher down payments (15-25%) for condos and scrutinize building financials, rental restrictions, and litigation history. Many lenders have stricter requirements for high-rise condos and may require additional reserves due to the city's earthquake risks and older building stock.
Why Choose a Mortgage Lender in San Francisco?
Local Market Knowledge
Lenders who understand San Francisco's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in California.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in San Francisco and get competitive rates on your home loan.