San Diego is the eighth-largest city in the United States and second-largest in California. Between 2016 and 2017 the population of San Diego grew from 1.41 million to 1.42 million. The city is known for its mild year-round climate, natural harbor, beaches, long association with the United States Navy, and the recent growth of healthcare and biotechnology companies. The largest sectors of its economy are defense, tourism, international trade, research, and manufacturing. In 2014, it was designated by Forbes as the best city in the country to launch a small business or startup company.
Earlier this year, house prices in the city rose by 2.5%, while home sales dropped by 19.4%, according to CoreLogic. Zillow predicts that home prices will rise by 1.1% within the next year.
As of Friday, May 3, 2019, the mortgage rates in Anaheim are 4.34% for a 30-year fixed mortgage, 3.85% for a 15-year period, and 4.8% for a 5/1 ARM mortgage.
Cornerstone Mortgage Group. This company is a full-service mortgage bank headquartered in San Diego, California. It handles all aspects of the loan process, including underwriting, funding, and processing. It offers a broad range of mortgage products, including conventional, FHA, VA, Jumbo, reverse, interest-only, second trust, hybrid ARM, non-QM, USDA, and 203k loans. The company also offers its customers with various tools in its websites as well as ready forms that make the process faster.
HomePlus Mortgage. Founded in 1999, HomePlus has been one of the well-regarded lenders in the San Diego area. In 2017, it was included in LendingTree’s top 10 list of lenders with great customer satisfaction. It has a functional website that offers free quotes and quick approvals. Its product line includes refinancing, conforming loans, FHA loans, 30-year fixed mortgage, VA loans, and 15-year fixed and adjustable mortgage.
Synergy One Lending. Based in San Diego, Synergy One offers a slew of mortgage products, which include VA, FHA, conventional, retirement, jumbo, new home development, renovation, USDA, and construction loans. Its advantage though is in technology. Unlike other lenders, Synergy One has a proprietary app that allows digital applications, tracking, and notifications, among many other features. This company is ideal for those who are keen on taking advantage of their smart devices to manage their spending and finances.