3500 5th Ave Ste 102, San Diego, CA 92103

The West Coast Mortgage Group San Diego office is located in Bankers Hill across from Balboa Park and we encourage you to stop by! We work together as a family to make a difference in borrowers’ lives by providing quality home lending solutions. Our culture is built by a diverse group of extraordinary people focusing on our greatest aspirations of serving others and creating a simple experience navigating home lending opportunities.

We are honored to serve clients in California, Colorado, Florida, Idaho, Maryland, Nevada, New Mexico, Oregon, Pennsylvania, and Washington and our licensed loan officers’ work on your behalf to lock-in a great rate for your budget.

When you work with West Coast Mortgage Group, you aren’t just working with a great team; you’re also investing in the local community. We care about social responsibility and continuing our efforts to improve the quality of life for our neighbors.

VA Loan + VA IRRRL Streamline

If you’re thinking about a VA loan for your home purchase, or even a VA IRRRL Streamline Refinance, West Coast Mortgage Group has been serving United States Service men and women with competitive interest rates and fast turnaround times since 2004. Veterans in hot housing markets, such as San Diego, are receiving major benefits from our VA lending products.

At West Coast Mortgage Group we tremendously value our vets and are sincerely grateful for your sacrifices. Veterans, active military, and their families qualify for VA home loans or mortgage refinancing with no down payment. West Coast Mortgage Group’s mission is to lock in the most competitive mortgage rate, guaranteed by the Department of Veterans Affairs, and deliver them to the deserving individuals who have served our country.

Advantages of a VA Home Loan:

No down payment required

Easy qualification for veterans, active military, and their families No monthly mortgage insurance Typically, lower interest rates than FHA loans and Conventional loans Flexible credit guidelines

An IRRRL, or Interest Rate Reduction Refinance Loan, is perfect for veterans and military families who want to pay a lower monthly interest rate. This type of refinancing generally does not require a home appraisal or underwriting package and has significant benefits and savings.

Advantages of a VA IRRRL Streamline Refinance Loan:

• No home appraisal needed
• Lower your mortgage interest rate
• Minimal documentation required

With West Coast Mortgage Group, getting approved for your VA Loan or IRRRL Streamline Refinance is easy. We work hard on your behalf to take care of the details and pride ourselves on creating a simple process, which translates into minimal work for you.

When you work with West Coast Mortgage Group, you aren’t just working with a great team; you’re also investing in the local community. We care about our social responsibility and continuing efforts to improve the quality of life for our neighbors. West Coast Mortgage Group partners with Wounded Warrior Project and donates. Our missions align with believing that every warrior should have a positive future to look forward to. There’s always another goal to achieve, another mission to discover. When it comes to buying or refinancing a home, West Coast Mortgage Group wants to also be their financial partner on that mission.

NMLS #5084

Reverse Mortgage

Looking for cash? Why not convert your home equity into the cash flow you are seeking? If you’re thinking about a reverse mortgage for your home and looking for the most competitive rate, West Coast Mortgage Group has been serving borrowers great rates and fast turnaround times since 2004. If you are living in a hot housing market and your home equity continues to increase, like in San Diego, make sure you’re taking advantage of a Reverse Mortgage that is available to you!

For homeowners 62 years or older, a reverse mortgage allows you to convert part of your home’s equity into cash. Your monthly mortgage payments will STOP, and you receive funds as a lump sum, fixed monthly payment, or line of credit from your lender. This is a great method of “cashing out” on your home’s value to pay for living expenses or medical bills. You would not need to pay back the loan until the home is sold or vacated.

Who Should Apply for a Reverse Mortgage?

Homeowners 62 years or older who don’t plan to move Those who can afford to maintain their home (property taxes and insurance) Those who want to supplement their income into retirement Homeowners who meet FHA property standards

Advantages of a Reverse Mortgage:

Eliminate mortgage payments for life

You can get paid to live in your home Pay off other debts, upgrade your home You can allocate extra money into your retirement Get up to 60% of your initial principal limit Pay off your existing mortgage non-borrowing spouses not listed on the mortgage can remain in the home after the borrower is deceased provided they meet all requirements Flexible credit guidelines

Disadvantages of a Reverse Mortgage:

Fees and closing costs can be greater than other options Must maintain the house (pay property taxes and homeowner’s insurance) Reduces the value of one of your key assets

With West Coast Mortgage Group, getting approved for your reverse mortgage is easy. We work hard on your behalf to take care of the details and pride ourselves on creating a simple process for our clients, which translates into minimal work for you

NMLS #5084

Jumbo Loans

If you’re thinking about a Jumbo Loan, a loan up to 3 million for your home purchase, West Coast Mortgage Group has been serving West Coast Mortgage Group has been serving borrowers with competitive interest rates and fast turnaround times since 2004. Prices all over are rising and the hottest markets, like San Diego, are continuing to see jumbo loans to take care of larger home financing needs.

With West Coast Mortgage Group’s Jumbo Loan, you can move into your forever home, acquire a new property, or invest in a vacation home! A Jumbo Loan allows borrowers to secure financial loans that would normally exceed the limits set by traditional home loans like an FHA or Conventional home loan. Maximum loan amounts vary and this option allows borrowers to enjoy the same perks associated with fixed or adjustable mortgages at a larger rate with attractive term options.

Advantages of a Jumbo Loan:

Our lending guideline requirements are more flexible than big banks Qualify for more than traditional loan limits Down payments can be as little as 5% Interest rates have fallen on par with traditional loans Purchase a home that fits all your needs and wants

Getting a Jumbo mortgage is easier than you think and West Coast Mortgage Group secures the most competitive mortgage rates! If you have a good credit score, a low debt-to-income ratio, and are able to provide a greater down payment, a Jumbo Loan may be right for you. Jumbo mortgage loans usually require a 700+ or higher credit score and have the same overall qualifying needs as a traditional loan.

West Coast Mortgage Group works hard on your behalf to take care of the details and pride ourselves on creating a simple process for our clients. Which translates into minimal work for you, and a smooth transition into your home.

NMLS #5084

Conventional Loans and Investment Properties

If you’re thinking about a conventional loan for a home purchase, West Coast Mortgage Group has been serving borrowers with competitive rates and fast turnaround times since 2004.

Hot housing markets continue to see conventional loans working well for investment properties where markets are hot, like San Diego. Conventional Loans are not part of a specific government program and can sometimes cost less than FHA loans. These loans are great for investment properties and according to Apartment List, “91 of the 100 top housing markets have seen rent increases over the past year.”

There are two types of conventional loans, Conforming and Non-Conforming.

Conforming Loans

Maximum loan amounts that are set by the government.

Rules for conforming loans are set by Fannie Mae or Freddie Mac.

Companies provide backing for conforming loans.

Non-Conforming Loans

Less standardized.

Features can vary widely by lender.

The advantages of conventional home loans are a wide range for different buyers, but this category continues to be a great option for investment properties. According to the Vacation Rental Management Association, the short-term rental market is valued at $100 billion in revenue in 2016 and is expected to have grown to $167.9 billion in 2019.

Advantages of a Conventional Home Loan:

Lower mortgage payments for those with higher credit scores No mortgage insurance with 20% or more down, lowering monthly payments Can be used to purchase investment properties and second homes that are perfect for Investment Properties

With West Coast Mortgage Group, getting approved for your Conventional Loan is easy. We work hard on your behalf to take care of the details and pride ourselves on creating a simple process for our clients. Which translates into minimal work for you, and a smooth transition into your home.

NMLS #5084