Home Buying in San Ramon>Question Details

J, Home Buyer in Fremont, CA

We are first time home buyers , just wanted to check who are reputable mortgage lending banks in the market. I just know about chase, wells fargo, BOA

Asked by J, Fremont, CA Thu Apr 4, 2013

are there any more who we can contact for a pre-qualification as well as a pre-approval.

Help the community by answering this question:


I recommend Sandra Smith, she's AWESOME! Here's her information:
Sandra Smith| Guild Mortgage Company
Senior Mortgage Loan Consultant
NMLS #255924| NMLS ID #3274
Metro Bay East Branch - Kaiser Center
300 Lakeside Drive, Suite 130
Oakland, CA 94612
Cell Phone 510.301.0198
Office 510.788.6483
eFax 866.384.4294
APPLY ONLINE: http://www.guildmortgage.net/sandrasmith
Download my new mobile website: http://m.guildmortgage.com/officers/sandrasmith

#kimblodgettrealtor http://#www.kimblodgett-realtor.com #mret #guildmortgagesandrasmith
1 vote Thank Flag Link Sun Aug 25, 2013

Give us a call...
0 votes Thank Flag Link Sun Aug 25, 2013
I work with a great mortgage broker for all of my deals. Contact me if you would like his information.
0 votes Thank Flag Link Mon Apr 8, 2013
You must meet and talk personally with a couple of agents and choose one you feel more comfortable with and more knowledgeable in the real estate market trend than others..
0 votes Thank Flag Link Sun Apr 7, 2013

I'm not going to try to sell you on any one bank/broker over another. There's no way, unfortunately, to save you from that research on your own. I just wanted to tell you that I host a free, 30-min homebuyer webinar once a month and the next one is May 7. If you want to learn the basics and go over some of the topics that are most requested by first-time buyers, think about stopping in and joining us. We'd be happy to have you! Registration/info link is below:

Rob Spinosa
0 votes Thank Flag Link Sun Apr 7, 2013
Yes, I would stay away from the lenders you listed in your question. Work with a reputable mortgage broker in your area that will be able to give you quality service and the most options possible.

Good luck!

0 votes Thank Flag Link Fri Apr 5, 2013
Not a fan of the big banks unless you have deep deep pockets. Generally their cost structure and underwriting requirements are more stringent than smaller banks. There are quite a few small banks in the area that will work harder for your business, give better pricing, and have more reasonable underwriting than the big banks.

Some of these locally are Fremont Bank, Residential Pacific Mortgage and First Cal. There are many others but here are the things to ask for.

1) Do you underwrite your own loans? Some lenders farm out underwriting to the big banks then sell the mortgages back to them. If they do not underwrite their own loans, keep walking.

2) Does your bank have their own appraiser network? The large banks do but some of the smaller mortgage companies do not so the risk that you will get an out of area appraiser who knows little about your buying area is increased. This is one of the more common problem with buyers getting their offers accepted. Put differently, agents are worried that if the property doesn't appraise then the buyers will have to come up with the cash to make up the difference. If you don't have the cash, your offer gets sidelined for someone else.

3) Ask what sort of problems do see with your underwriters? This is a golden question because you will quickly know an honest answer when you get one. If someone tells you that they don't have problem or downplays the issue, walk away! You should get an answer something like there are many challenges in the market, (a) (b) and (c), some of which are market related some of which are buyer specific whatever the answer you should ask your relator of choice if the response makes any sense. This is area specific because what is a problem in Walnut Creek may not be in Santa Clara.
0 votes Thank Flag Link Fri Apr 5, 2013
Hi JoMend,

I started off my RE career as a Mortgage Broker/Banker. Once you read the post below you will appreciate why you would do yourself a BIG FAVOR by skipping past the Retail Banks you have listed above:

"Retail Banks vs. Mortgage Broker/Bankers"

Additionally, the following link will inform you of the very important distinctions between the three available "Pre-Approvals" you can obtain - I'm sure you will be able to select which is best for you:


If you would like a personal recommendation feel free to contact me.

0 votes Thank Flag Link Thu Apr 4, 2013
Smaller mortgage bankers and brokers can actually be the best bet. They can many times offer much faster and personalized service and have many more options then a large bank.
0 votes Thank Flag Link Thu Apr 4, 2013
If you are using a realtor, your agent may be able to provide a few recommendations. We generally like using lenders who are very responsive, resourceful and reliable.

If you don't have a realtor, you can check this site for the realtors who have the most/best contributions/recommendations. Talk with at least 2-3 of them and see how we can help.

I usually recommend to my buyers to speak to two lenders: one with a bank like Wells Fargo, and one who is an independent mortgage broker.
0 votes Thank Flag Link Thu Apr 4, 2013
Don't use a retail lender (Chase, Wells Fargo, Citi are the worst.) Summit Funding, RPM, Cherry Creek Mortgage are the best. My guy at Summit Funding is greg Sawdey - 925-487-2354. He is fast, honest...AND Summit is a private bank and can close quickly.

0 votes Thank Flag Link Thu Apr 4, 2013
The Hagley G…, Real Estate Pro in Pleasanton, CA
Also a Pre Approval is much stronger when writing offers. It means that the lender has looked over your file,collected all the necessary documents for you. A Pre Qualification is just when they run numbers. In today's market you need a Pre Approval.
0 votes Thank Flag Link Thu Apr 4, 2013
Hi Jo,

There a re a number of Mortgage Lenders who you can use. I am with Prudential and our in House Lender is

Greg Sawdey
Sr. Loan Consultant
NMLS# 346987 | DRE# 01873321
Cell 925.487.2354 | eFax 636.533.9643

He has great programs that suit everyone's needs and wants. Please email him and tell him I referred you.


0 votes Thank Flag Link Thu Apr 4, 2013

In this market, you want the best loan program possible and someone that will fund your loan in the shortest period of time.

We are a broker/banker and have recently rolled out a solution that has been providing great resultst to our buyers...We call it "Keys on Time Guarantee".

This program guarantees to close the transaction on time, or the borrower gets $795 refunded to them. (we have never had to pay that money out so far)! We are the 27th largest non-depository Mortgage Bank in the United States, so we are closing our fair share of transactions.

We are closing these loans so quickly that we feel confident that we can help you write a contract that will stand out from the others; from reduced escrow days to the one of a kind "Keys on Time" Certificate that we provide to submit with your offer, and stand out from the crowd of offers.

Contact me if you want to learn more?

0 votes Thank Flag Link Thu Apr 4, 2013
Hi Jo
Mortgage companies are also a good choice. Large Mortgage companies. Also the loan officer you choose is a critical choice. Experienced and ethical working for a lender that offers all of the loan types. Very critical if you are a first time home buyer. Read Consultation Interviewing Loan Officers, on Your-Road-Home.com.
Trulia is also a good source of information. Gather up all the information you can carry. Than select the loan officer and lender. You will find agents and loan officers from your area offering their services on Trulia. A good source. If you are a first time home buyer be sure to read article #9 about the MCC tax credit for first time home buyers. Best tax credit ever. A first time home buyer is someone who has not owned their primary residence for the past three years.
Best of Luck, Stephen
0 votes Thank Flag Link Thu Apr 4, 2013
RPM is the 2nd largest lender in the Bay Area behind Wells Fargo. RPM is family Owen and located in the East Bay. I'd be happy to help if you need a pre-approval or have questions about your financing options.
0 votes Thank Flag Link Thu Apr 4, 2013
The best lender in town:

John J Dutra, Sr. Loan Consultant
39644 Mission Blvd.
Fremont, CA 94539
510-364-0764 (cell)
510-353-9984 (fax)
jdutra@rpm-mtg.com (email)
http://www.rpm-mtg.com (website)
CA DRE License # 00823740
NMLS # 248841
0 votes Thank Flag Link Thu Apr 4, 2013
Those are really good places, you can also go through a mortgage broker that can place you with a bank that fits your needs as well. Your realtor should be able to help you with that! Have a great day!
0 votes Thank Flag Link Thu Apr 4, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2016 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer