Looking for a Good Mortgage Broker in SF Bay Area

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Looking for a Good Mortgage Broker in SF Bay Area

Colben S.
Rental Property Investor · San Diego, CA · Member since 2021 · 8 posts · 5 votes

I'm looking to purchase a SFH for long term rental in San Jose, CA. The interest rate I got from my bank is pretty high, and I'm looking for a good broker that can find something better. Any good recommendations?

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  • AJ ExnerPro Member
    Lender · Springfield, MO · Member since 2023 · 652 posts · 315 votes
    8mo

    What kind of rate did they offer? Are you looking at putting 20% down or thinking 25%?

    [email protected]417-427-2612
    0Reply
  • Derek BrickleyBusiness Member
    Lender · Ann Arbor, MI · Member since 2021 · 664 posts · 226 votes
    8mo

    Hey Colben, you'll find a lot of great options here in the forums.  If it's helpful to look at some more though feel free to reach out.

    [email protected]734-645-7722
    Gold Star Mortgage Financial Group548 Reviews
    WebsiteView Page
    0Reply
  • Stacy RaskinBusiness Member
    Lender · Member since 2022 · 1k+ posts · 503 votes
    8mo

    Brokers will generally provide better rates as they generally have a different amount of overhead / expenses and smaller teams to pay out. The big factors that impact rates is the borrower's middle mortgage FICO credit score and the amount of money being put down or LTV.

    [email protected]818-770-0340
    Bright Skyline518 Reviews
    WebsiteView Page
    0Reply
  • Austin ClarenceBusiness Member
    Lender · Phoenix, AZ · Member since 2023 · 136 posts · 31 votes
    8mo

    Hi Colben, a large mortgage brokerage can cast a wide net and field hundreds of lenders to find great deals. Let me know if you have any specific questions about your scenario 

    [email protected]650-906-2376
    Austin Clarence with NEXA Mortgage551 Reviews
    View Page
    0Reply
  • David Sun
    Member since 2023 · 27 posts · 6 votes
    8mo

    Hi Colben, I'm a loan officer licensed in CA. We provide many types of investment property loans. For DSCR loan, we have a unique 1-Year ARM program starting from 5.5% (APR 7.1%). Usually for DSCR, you need 40% down, high credit score, 3-5yr PPP to get good rate. Not any more!

    We only require:

    ✅ 20% down

    ✅ 700+ credit

    ✅ DSCR 0.75+

    ✅ Keep the loan for 6 months.

    0Reply
  • Raymond J. RodriguesBusiness Member
    Lender · Miami, FL · Member since 2017 · 1k+ posts · 797 votes
    8mo

    @Colben S. feel free to reach out. 

    [email protected]619-456-8311
    Helm Mortgage Corp.5127 Reviews
    WebsiteView Page
    0Reply
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