As you have read mortgage lenders are not equal! It is important to ask a few questions of your loan officer. Much more goes into a loan then an interest rate and closing costs. Of course those are important, but a loan officer should be digging deeper then a monthly payment. He should explain to you the entire process. Without a little education it makes it difficult to make the right decision. Also, make sure your loan officer has access to conventional programs with very little down. Most conventional loans require at least 20%. FHA requires as little as 3.5%. However, FHA is much more expensive in government mandated fees. PLUS, most properties in SD county and even more so in North Park do not accept FHA financing. That means if your loan officer does not have access to the little down conventional loans then you will not be able to qualify for homes that you could afford. I can explain this in more detail if you need.
On a good note, interest rates are currently extremely low! Not sure for how long, but nonetheless they are low. I do both real estate and loans. Currently, I have 3 deals in escrow where I do both the loan and the real estate. It allows for less mistakes, more efficiency and lower costs to you. I live in Hillcrest and am very familiar with North Park. Contact me with any questions, no obligations :)
Serving San Diego for the past 35 years!!!
I have been doing loans for some time now.