Home Loans in San Francisco, California

Types of Home Loans Available in San Francisco, CA

Before applying for a home loan, it’s important to understand the different types of mortgage programs available. Each loan type caters to specific financial situations and goals. Here’s a list of the most common mortgage options in California:

• DSCR Loans: Debt service coverage ratio (DSCR) loans allow investors to qualify for financing based on a property’s cash flow rather than their own personal income. Since investors can qualify based on DSCR, they do not need to submit tax returns or employment verification when applying. This makes DSCR loans an excellent option for real estate investors looking to expand their portfolios without the need for extensive paperwork. The focus is solely on the property’s ability to generate income, making it a streamlined choice for investment properties.
• Asset-Based Loans: Asset-based loans enable borrowers to secure financing using the value of their assets, such as bank accounts, stocks, or other investments. This type of loan is ideal for individuals who have valuable assets but may not have a strong credit history or consistent income. With asset-based loans, approval is largely based on the value and liquidity of the assets, providing an alternative path to securing funds for purchasing or refinancing property.
• Bank Statement Loans: Bank statement loans are tailored for self-employed individuals and business owners who may not have traditional income documentation. Instead of tax returns, these loans use your personal or business bank statements to demonstrate income. This loan type is perfect for people whose earnings fluctuate or who write off significant expenses on their tax returns, offering a more flexible approach to qualifying for a mortgage.
• Home Equity Loans: Home equity loans allow homeowners to tap into the value of their property by borrowing against its equity. This type of loan is a great option for funding home improvements, consolidating debt, or covering other large expenses. Home equity loans offer the benefit of lower interest rates compared to unsecured loans, and the interest paid may be tax-deductible, depending on how the funds are used.
• FHA Loans: FHA loans are government-backed loans designed to help first-time home buyers and those with lower credit scores purchase a home. With a lower down payment requirement—sometimes as low as 3.5%—this option is accessible for those with limited savings. FHA loans also offer more lenient credit score requirements, making them a viable option for individuals who may have faced financial challenges in the past.
• CalFHA Loans: CalFHA loans provide assistance to first-time home buyers in California, offering lower interest rates and more flexible terms. These loans are designed to help individuals and families who might otherwise struggle to afford a home in the state’s competitive real estate market. With down payment assistance options and other affordable features, CalFHA loans make homeownership more achievable for a wide range of buyers.
• VA Home Loans: VA loans are a fantastic benefit for active-duty military members, veterans, and their families. These loans offer the unique advantage of no down payment and competitive interest rates, which can make homeownership more accessible. Since VA loans are backed by the U.S. Department of Veterans Affairs, they also come with more favorable terms, such as no private mortgage insurance (PMI) requirement.
• USDA Home Loans: USDA loans are specifically designed for low- to moderate-income buyers in rural areas, making them an excellent option for those looking to purchase a home outside major urban centers. These loans require no down payment and offer low interest rates, which can be a significant financial relief for qualifying buyers. USDA loans are backed by the U.S. Department of Agriculture and are aimed at promoting rural development and homeownership.
• ITIN Loans: ITIN loans are available to individuals who may not have a Social Security number but can provide an Individual Taxpayer Identification Number (ITIN) for identification. These loans offer a pathway to homeownership for immigrants and non-permanent residents who work and pay taxes in the U.S. ITIN loans allow borrowers to apply for mortgages based on their ability to repay rather than traditional credit scores or Social Security numbers.
• Private Money Loans: Private money loans are short-term loans typically offered by private investors rather than traditional financial institutions. These loans can be an excellent option for borrowers who don’t qualify for conventional financing or need fast access to capital. They are often used for investment properties or situations where time is a critical factor, such as a foreclosure rescue or a fix-and-flip property. However, they usually come with higher interest rates due to their higher risk nature.

Areas We Serve

At Griffin Funding, we proudly serve home buyers and homeowners throughout San Francisco and the greater Bay Area with flexible mortgage and refinancing solutions. Whether you’re a first-time home buyer, a real estate investor, or looking to refinance, our local expertise and personalized service make the difference.

We serve clients across:

• San Francisco Neighborhoods: Noe Valley, Pacific Heights, Mission District, Sunset, Richmond, Bernal Heights, Marina, and SOMA
• Peninsula Communities: Daly City, South San Francisco, Millbrae, Burlingame, San Mateo, Palo Alto, and Redwood City
• East Bay: Oakland, Berkeley, Alameda, Emeryville, Moraga, and Piedmont
• South Bay: San Jose, Santa Clara, Sunnyvale, Los Altos Hills, and Mountain View
• North Bay: Sausalito, Mill Valley, Tiburon, and San Rafael, San Anselmo

Getting a Mortgage in San Francisco, CA

The mortgage process in San Francisco is similar to other areas in California, but due to the unique nature of the local real estate market, understanding your loan options is crucial. At Griffin Funding, we simplify the mortgage process, offering personalized assistance and a variety of loan programs tailored to your needs.

From pre-approval to closing, we guide you through every step to ensure a smooth home-buying experience. Our team works closely with you to understand your financial goals, helping you choose the right mortgage that aligns with your situation. Whether you’re a first-time buyer or looking to refinance, we’re here to make the process as seamless and straightforward as possible.

Why Choose Griffin Funding?

Working with Griffin Funding means you get a team dedicated to helping you secure the best mortgage options for your needs. We offer a range of loan programs, competitive rates, and expert advice tailored to the unique demands of San Francisco’s real estate market. Our fast, transparent, and easy process is designed to give you peace of mind as you navigate the complexities of home financing.

In addition, our Griffin Gold app provides a seamless, mobile-friendly way to manage your mortgage application, track your progress, and stay updated on the latest market trends, making your experience both efficient and user-centric.

Partner With a Trusted Mortgage Company in San Francisco, CA

When you’re ready to take the next step toward homeownership in San Francisco, Griffin Funding is here to help with a personalized, hassle-free approach. Our dedicated team is committed to ensuring that every aspect of your mortgage journey is smooth and straightforward, from application to closing. We pride ourselves on our local expertise and the ability to offer customized solutions that meet your financial needs and homeownership goals.

Reach out to us today to start your journey with a trusted mortgage partner by your side.