1. California Bank & Trust
Several locations; Calbanktrust.com
California Bank & Trust has helped Californians open the door to their home for nearly 70 years and offers a full range of mortgage products. First time home buyers, those just looking for a fresh start, people ready to refinance, downsize, or build a dream home are all encouraged to partner with California Bank & Trust for home loan needs.
“We are incredibly proud to have been named ‘Best Bank’ for the eighth year in a row and ‘Best Home Loan Provider’ for the first time in the OC Register,” said Ben Alvarado, executive director of core banking at California Bank & Trust.
Orange County residents named California Bank & Trust Best of OC in two categories for their positive customer service this year. California Bank & Trust offers a variety of financial assistance – in addition to home loans – to businesses and individuals, including commercial banks, commercial banks, small business loans, treasury management, international banking, and wealth management.
California Bank & Trust is the result of the merger of three institutions that were 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 Bank Corporation, 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 care of a local bank with the resources of a large institution.
2. SchoolsFirst Federal Credit Union
Several locations; schoolfirstfcu.com
SchoolsFirst Federal Credit Union tailors home loans to members’ specific funding needs and makes home ownership accessible to all members.
SchoolsFirst FCU offers extremely competitive prices for both fixed and variable price products. For school staff, SchoolsFirst FCU offers a home loan with very competitive rates and low down payment options with no private mortgage insurance. First time buyers can get a home loan with a low down payment for easier qualification, lower fees and fewer closing costs, and lower private mortgage insurance compared to FHA government loans. SchoolsFirst FCU also offers members the option to refinance their current loan as well as two types of home equity lines, with some of the lowest interest rates in the country.
SchoolsFirst FCU serves the California educational community with 66 branches – 20 in Orange County – and more than 1.1 million members after merging with Schools Financial Credit Union in 2020.
3. Bank of America
Several locations; Bankofamerica.com
Bank of America offers low and middle income homebuyers up to $ 17,500 in down payment grants and closing expenses as part of their home ownership obligation, in addition to low down payment mortgages. Combined with Bank of America’s Digital Mortgage Experience capabilities, which are designed to improve the home loan process by increasing accuracy, speeding approvals and creating a customer-centric experience, owning a home in Orange County is what the bank believes is within reach.
Bank of America is a major local home loan player with $ 2.7 billion in home loans in Orange County.
Bank of America offers fixed rate and adjustable rate mortgages, as well as jumbo home loans for borrowers who need 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 want to refinance your existing home loan at low interest rates, Bank of America can help with a refinance too.