8 Best San Diego Mortgage Lenders of 2022

Shopping for San Diego mortgage lenders? Compare our picks for the city’s top mortgage companies to get the best loan options, mortgage rates and more.

Last updated on January 6, 2022
Written by 
NerdWallet
NerdWallet
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8 Best San Diego Mortgage Lenders of 2022

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
Learn more
Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

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at Fairway Independent Mortgage
at Fairway Independent Mortgage
Home loans overall
Best for a digital mortgage experience

620

3%

Learn more
at Fairway Independent Mortgage
at Fairway Independent Mortgage
Guild Mortgage

Guild Mortgage: NMLS#3274

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on NerdWallet
4.0
/5
Home loans overall
Best for first-time home buyers

N/A

3%

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on NerdWallet
Caliber

Caliber: NMLS#15622

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on NerdWallet
3.5
/5
VA loans
Best for veterans

580

0%

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on NerdWallet
Navy Federal

Navy Federal: NMLS#399807

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on NerdWallet
5.0
/5
Home loans overall
Best for a credit union mortgage

N/A

0%

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on NerdWallet
Bank of America

Bank of America: NMLS#399802

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on NerdWallet
4.0
/5
Home loans overall
Best for face-to-face service

660

5%

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on NerdWallet
Chase

Chase: NMLS#399798

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on NerdWallet
4.0
/5
Home loans overall
Best for face-to-face service

620

3%

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on NerdWallet
Flagstar

Flagstar: NMLS#417490

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on NerdWallet
5.0
/5
Home loans overall
Best for first-time home buyers

N/A

5%

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on NerdWallet
San Diego County Credit Union

San Diego County Credit Union: NMLS#580585

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on NerdWallet
4.0
/5
Home loans overall
Best for a credit union mortgage

N/A

N/A

LEARN MORE
on NerdWallet
Fairway Independent Mortgage
Learn more
at Fairway Independent Mortgage
at Fairway Independent Mortgage
Fairway Independent Mortgage

Fairway Independent Mortgage: NMLS#2289

2.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItFairway Independent Mortgage Corporation has many brick-and-mortar branches and a reputation for top-notch customer service, but it was recently penalized for redlining.
Pros
  • Loan options include government-backed mortgages and physician loans.
  • Offers first-time home buyer grants to buyers in eligible locations.
  • Highest scoring mortgage lender for customer satisfaction, according to J.D. Power.
Cons
  • Mortgage rates aren't posted online.
  • Online customer service requires contact information and phone is for existing customers only.
  • Home equity loans and HELOCs are not available.
  • Has been penalized for redlining.
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Guild Mortgage
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on NerdWallet
Guild Mortgage

Guild Mortgage: NMLS#3274

4.0
Home loans overall
NerdWallet rating
Min. credit score

N/A

Min. down payment

3%

Why We Like ItGuild offers a number of loans and programs that stand out, including renovation loans and home equity products. However, Guild does not have a mobile app, and interest rates aren’t published online.
Pros
  • Offers several programs to make homeownership more accessible.
  • Offers loans for manufactured homes.
  • Renovation loan options are available.
Cons
  • Does not publish interest rates online.
  • No mortgage mobile app.
  • Loans are not available in every state.
Caliber
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on NerdWallet
Caliber

Caliber: NMLS#15622

Min. credit score

580

Min. down payment

0%

Why We Like ItGood for: first-time home buyers, veterans and those who may have credit challenges to overcome.
Pros
  • Offers extensive educational resources for military borrowers.
  • Participates in some down payment assistance and first-time home buyer programs.
Cons
  • No mortgage rates displayed online.
  • Doesn’t offer home equity loans or lines of credit.
Navy Federal
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Navy Federal

Navy Federal: NMLS#399807

5.0
Home loans overall
NerdWallet rating
National / regional

National

Min. down payment

0%

Why We Like ItNavy Federal is known for VA lending, but it's the flexible VA-like loan options that truly stand out. While you don't have to be a current or former servicemember to take advantage of them, you will need a military connection to join the credit union.
Pros
  • Offers unique no-down-payment and no mortgage insurance loan options for military and civilian borrowers.
  • 24/7 customer service supports borrowers stationed overseas.
  • Has both home equity loans and lines of credit.
Cons
  • Borrowers must join the credit union before applying for a mortgage.
  • Does not offer FHA, renovation or construction loans.
  • We sometimes waited longer than 10 minutes before connecting with a customer service representative.
Bank of America
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Bank of America

Bank of America: NMLS#399802

4.0
Home loans overall
NerdWallet rating
Min. credit score

660

Min. down payment

5%

National / regional

National

Why We Like ItBank of America offers low interest rates, in-person service and plenty of loan options, but it was fined by regulators for reporting inaccurate mortgage data.
Pros
  • Interest rates are lower than most lenders, according to the latest federal data.
  • Offers up to $10,000 in down payment assistance to qualified borrowers.
  • Banking customers can get discounted interest rates or fees.
Cons
  • Mortgage origination fees are on the high side, according to the latest federal data.
  • Rate estimator tool doesn’t personalize by credit score.
  • Fined $12 million for reporting inaccurate mortgage applicant info to the federal government.
Chase
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on NerdWallet
Chase

Chase: NMLS#399798

4.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItChase offers a good variety of loan types, including programs for first-time buyers, but it doesn't offer home equity options or stand out for competitive average rates and fees.
Pros
  • Offers two loans with 3% down payment minimums.
  • Home buyer grants up to $7,500 may apply for qualifying borrowers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Borrowers must speak with a home loan expert before completing an online application.
  • No online live chat feature, and in-person services vary by branch location.
Flagstar
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on NerdWallet
Flagstar

Flagstar: NMLS#417490

5.0
Home loans overall
NerdWallet rating
Min. credit score

N/A

Min. down payment

5%

Why We Like ItFlagstar Bank stands out for its range of accessible loans and programs, including loans with flexible requirements and down payment grant options. Its mortgage operations will be acquired by Mr. Cooper in 2024.
Pros
  • Conventional loan terms extend to 40 years, which is unusually flexible.
  • Offers options for high-balance mortgages.
  • Offers specialized mortgages for professionals, such as doctors and lawyers, starting their careers.
  • Reported average time to close (20-30 days) is faster than industry standard.
Cons
  • The lender’s mobile app is focused on banking, not mortgages.
  • Conventional fixed-rate mortgages require a 5% minimum down payment, higher than some competitors.
San Diego County Credit Union
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on NerdWallet
San Diego County Credit Union

San Diego County Credit Union: NMLS#580585

4.0
Home loans overall
NerdWallet rating
Min. down payment

N/A

National / regional

Regional

Why We Like ItGood for: Californians who are looking for a conventional or jumbo mortgage and want to shop rates online.
Pros
  • Offers purchase, refinance and jumbo mortgages, plus loans for second homes and home equity products.
  • Provides customized rate and fee quotes without requiring contact information.
  • Interest rates are notably low, according to the latest federal data.
Cons
  • No FHA, VA or USDA mortgages.
  • Loans are available in California only.
  • Mobile app has low ratings.

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.

  • Several low-down-payment loans.

  • Loan options with no closing costs and no mortgage insurance.

  • Mobile app available.

  • Multiple branch locations in San Diego.

  • 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.

  • Conventional, government and jumbo loan options.

  • Offers refinancing and reverse mortgages.

  • Only one branch location in San Diego.

  • Website provides instant customized rate quotes.

  • Offers 3% down conventional loans.

  • Claims to charge a flat, guaranteed lender fee.

More from NerdWallet

Last updated on January 6, 2022

Methodology

NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best San Diego Mortgage Lenders of 2022

  • Fairway Independent Mortgage: Best for a digital mortgage experience
  • Guild Mortgage: Best for first-time home buyers
  • Caliber: Best for veterans
  • Navy Federal: Best for a credit union mortgage
  • Bank of America: Best for face-to-face service
  • Chase: Best for face-to-face service
  • Flagstar: Best for first-time home buyers
  • San Diego County Credit Union: Best for a credit union mortgage
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