1. California Bank & Trust
Several locations; Calbanktrust.com
California Bank & Trust has been helping Californians open the door to homeownership for almost 70 years and offers a full line of mortgage products. First-time home buyers, those just looking for a fresh start, those willing to refinance, downsize, or build a dream home are all encouraged to work with California Bank & Trust for home loan needs.
“We are incredibly honored to have won ‘Best Bank’ for the eighth consecutive year and ‘Best Home Loan Provider’ for the first time in the OC Registry,” said Ben Alvarado, Executive Director of Core Banking at California Bank & Trust.
Orange County residents recognized California Bank & Trust in two categories this year for Best of OC for its positive customer service. California Bank & Trust provides a variety of financial aids – in addition to home loans – to businesses and individuals, including commercial banking, business banking, small business loans, cash management, services international banking and wealth management.
California Bank & Trust is the result of the merger of three institutions separately acquired by Zions Bancorporation: Sumitomo Bank of California, San Diego-based Grossmont Bank and First Pacific National Bank. Today, California Bank & Trust, a division of Zions Bankcorporation, NA, operates in nearly 500 local financial centers in 11 western states, including Arizona, California, Colorado, Idaho, Nevada , New Mexico, Oregon, Texas and Utah. California Bank & Trust combines the personal attention of a local bank with the resources of a large institution.
2. SchoolsFirst Federal Credit Union
Several locations; ecolesfirstfcu.com
SchoolsFirst Federal Credit Union tailors home loans to meet members’ specific financing needs, making homeownership accessible to all of its members.
SchoolsFirst FCU offers very competitive prices on fixed and variable rate products. For school employee members, SchoolsFirst FCU offers a home loan with very competitive rates and low down payment options, without private mortgage insurance. First-time buyers can get a home loan with a low down payment for easier eligibility, lower fees and fewer closing costs, as well as less private mortgage insurance than FHA government loans. SchoolsFirst FCU also offers members the option of refinancing their current loan as well as two types of home equity lines of credit, with some of the lowest rates in the country.
SchoolsFirst FCU serves the California educational community with 66 branches – 20 in Orange County – and over 1.1 million members as a result of the 2020 merger with Schools Financial Credit Union.
3. Bank of America
Several locations; Bankofamerica.com
Bank of America is providing up to $ 17,500 in down payment and closing costs grants to low and moderate income homebuyers as part of its Community Home Ownership Commitment, in addition to mortgages low down payment. Combined with Bank of America’s Digital Mortgage Experience capabilities designed to improve the home loan process by increasing accuracy, speeding up approvals, and creating a customer-centric experience, the bank says owning a home in Orange County is at your fingertips.
Bank of America is a major player in home loans locally, with $ 2.7 billion in home loans in Orange County.
Bank of America offers fixed and adjustable rate mortgages as well as jumbo home loans for borrowers requiring larger loan amounts. The bank provides FHA and VA loans – government loans from the Federal Housing Administration and the US Department of Veterans Affairs. And, if you are looking to refinance your existing home loan when rates are low, Bank of America can also help you with refinancing.