Rankings
Best Jumbo Mortgage Lenders in San Francisco
Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!
San Francisco Market Insights
- Us Bank National Association is Safe Rate's top-ranked Jumbo lender in San Francisco, leading on pricing, pullthrough, Jumbo product expertise, and local knowledge.
- Provident Credit Union and Morgan Stanley Private Bank National Association leads on both Jumbo pricing and pullthrough, with competitive rates and a strong track record of closing.
- United Wholesale Mortgage (UWM) ranks #7 in San Francisco, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
- Popular names in San Francisco: Rocket Mortgage (#21) and Wells Fargo Bank National Association (#3).
Explore Rankings by Type
Overall Rankings
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By Institution Type
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Eric Bernstein
LendFriend · NMLS #1486987
Eric is a verified Safe Rate partner and licensed broker who actively works with Rocket Mortgage.
Also approved with: PennyMac Loan Services (#31), CMG Mortgage (#32), The Loan Store (#34)
Eric Bernstein
LendFriend · NMLS #1486987
Eric is a verified Safe Rate partner and licensed broker who actively works with PennyMac Loan Services.
Also approved with: Rocket Mortgage (#21), CMG Mortgage (#32), The Loan Store (#34)
Eric Bernstein
LendFriend · NMLS #1486987
Eric is a verified Safe Rate partner and licensed broker who actively works with CMG Mortgage.
Also approved with: Rocket Mortgage (#21), PennyMac Loan Services (#31), The Loan Store (#34)
Eric Bernstein
LendFriend · NMLS #1486987
Eric is a verified Safe Rate partner and licensed broker who actively works with The Loan Store.
Also approved with: Rocket Mortgage (#21), PennyMac Loan Services (#31), CMG Mortgage (#32)
| Rank | Lender | Safe Rate Score | Loan Economics | Action | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Overall | Pricing | Product | Pull Through | Place | Avg Fees | Rate Spread | # of Loans | |||
1 | BankDirect | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $1,388Credit | 0.247%Below | 497 | |
2 | BankDirect | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $2,285Credit | 0.306%Below | 383 | |
3 | BankDirect | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $133Credit | 0.279%Below | 750 | |
4 | BankDirect | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $1,231Credit | 0.196%Below | 283 | |
5 | BankDirect | Exceptional | Exceptional | Exceptional | Strong | Strong | $345Fees | 0.544%Below | 152 | |
6 | BankDirectHasn't responded yet | Exceptional | Exceptional | Exceptional | Strong | Exceptional | $747Credit | 0.327%Below | 515 | |
7 | Independent Mortgage CompanyWholesaleResponds to quote requests promptly | Exceptional | Sound* | Exceptional | Strong | Exceptional | $1,785Fees | 0.078%Above | 614 | |
8 | BankDirect | Exceptional | Strong | Exceptional | Strong | Exceptional | $931Credit | 0.100%Below | 281 | |
9 | Credit UnionDirect | Exceptional | Exceptional | Strong | Exceptional | Strong | $731Fees | 0.814%Below | 38 | |
10 | BankDirect | Exceptional | Strong | Exceptional | Strong | Strong | $51Fees | 0.240%Below | 146 | |
11 | Credit UnionDirect | Strong | Strong | Strong | Strong | Exceptional | $802Fees | 0.354%Above | 186 | |
12 | Credit UnionDirect | Strong | Exceptional | Exceptional | Strong | Strong | $61Fees | 0.559%Below | 44 | |
13 | BankWholesale | Strong | Sound* | Exceptional | Exceptional | Strong | $605Fees | 0.305%Below | 109 | |
14 | BankDirect & Wholesale | Strong | Sound* | Exceptional | Strong | Exceptional | $1,864Fees | 0.015%Below | 545 | |
15 | Independent Mortgage CompanyDirect | Strong | Strong | Exceptional | Strong | Exceptional | $1,463Fees | 0.025%Above | 222 | |
16 | Credit UnionDirect | Strong | Exceptional | Exceptional | Strong | Strong | $857Fees | 0.346%Below | 36 | |
17 | BankDirect | Strong | Sound | Exceptional | Strong | Exceptional | $647Credit | 0.015%Above | 209 | |
18 | Credit UnionDirect | Strong | Strong | Strong | Strong | Strong | $551Fees | 0.354%Below | 67 | |
19 | Credit UnionDirect | Strong | Strong | Exceptional | Strong | Strong | $1,488Credit | 0.156%Below | 47 | |
20 | Credit UnionDirect | Strong | Exceptional | Strong | Strong | Strong | $85Credit | 0.555%Below | 42 | |
21 | Independent Mortgage CompanyDirect & WholesaleHasn't responded yet | Strong | Sound* | Exceptional | Strong | Exceptional | $2,408Fees | 0.101%Above | 646 | |
Verified Broker PartnerSponsored Eric BernsteinLendFriend · NMLS #1486987 Eric is a verified Safe Rate partner and licensed broker who actively works with Rocket Mortgage. Also approved with: PennyMac Loan Services (#31), CMG Mortgage (#32), The Loan Store (#34) | ||||||||||
22 | Independent Mortgage CompanyDirect & Wholesale | Strong | Strong* | Strong | Strong | Strong | $515Fees | 0.079%Above | 77 | |
23 | Credit UnionDirect | Strong | Exceptional | Strong | Strong | Strong | $1,456Fees | 0.701%Below | 45 | |
24 | Independent Mortgage CompanyDirect | Strong | Acceptable | Exceptional | Strong | Strong | $2,678Fees | 0.268%Above | 143 | |
25 | BankDirect | Strong | Strong | Exceptional | Strong | Sound | $695Credit | 0.512%Below | 18 | |
26 | Independent Mortgage CompanyDirect | Strong | Sound | Exceptional | Sound | Strong | $2,258Fees | 0.134%Above | 98 | |
27 | Independent Mortgage CompanyWholesale | Strong | — | Exceptional | Strong | Strong | — | — | 107 | |
28 | Independent Mortgage CompanyDirect | Strong | Sound | Exceptional | Sound | Strong | $1,308Fees | 0.250%Above | 76 | |
29 | Independent Mortgage CompanyDirect & Wholesale | Strong | Sound* | Exceptional | Sound | Strong | $1,682Fees | 0.085%Above | 68 | |
30 | Independent Mortgage CompanyDirect | Strong | Acceptable | Strong | Sound | Exceptional | $889Fees | 0.073%Above | 146 | |
31 | Independent Mortgage CompanyDirect & WholesaleHasn't responded yet | Strong | Sound* | Exceptional | Strong | Strong | $1,399Fees | 0.150%Above | 53 | |
Verified Broker PartnerSponsored Eric BernsteinLendFriend · NMLS #1486987 Eric is a verified Safe Rate partner and licensed broker who actively works with PennyMac Loan Services. Also approved with: Rocket Mortgage (#21), CMG Mortgage (#32), The Loan Store (#34) | ||||||||||
32 | Independent Mortgage CompanyDirect | Strong | Sound | Exceptional | Strong | Sound | $2,738Fees | 0.130%Above | 25 | |
Verified Broker PartnerSponsored Eric BernsteinLendFriend · NMLS #1486987 Eric is a verified Safe Rate partner and licensed broker who actively works with CMG Mortgage. Also approved with: Rocket Mortgage (#21), PennyMac Loan Services (#31), The Loan Store (#34) | ||||||||||
33 | BankDirect | Strong | Strong | Strong | Sound | Sound | $1,998Fees | 0.096%Above | 35 | |
34 | Independent Mortgage CompanyWholesale | Sound | Acceptable* | Exceptional | Strong | Strong | $971Fees | 0.174%Above | 79 | |
Verified Broker PartnerSponsored Eric BernsteinLendFriend · NMLS #1486987 Eric is a verified Safe Rate partner and licensed broker who actively works with The Loan Store. Also approved with: Rocket Mortgage (#21), PennyMac Loan Services (#31), CMG Mortgage (#32) | ||||||||||
35 | Independent Mortgage CompanyDirect | Sound | Acceptable | Exceptional | Sound | Strong | $2,315Fees | 0.391%Above | 77 | |
36 | Independent Mortgage CompanyDirect | Sound | Mediocre | Exceptional | Sound | Strong | $2,578Fees | 0.381%Above | 70 | |
37 | Independent Mortgage CompanyDirect | Sound | Acceptable | Strong | Sound | Sound | $2,414Fees | 0.233%Above | 34 | |
38 | Independent Mortgage CompanyDirect & Wholesale | Sound | Mediocre* | Exceptional | Sound | Strong | $1,866Fees | 0.308%Above | 58 | |
39 | Independent Mortgage CompanyWholesale | Sound | Sound* | Strong | Sound | Sound | $3,289Fees | 0.276%Above | 18 | |
40 | Independent Mortgage CompanyDirect | Sound | Mediocre | Exceptional | Sound | Sound | $5,110Fees | 0.579%Above | 47 | |
41 | BankDirect | Sound | Acceptable | Strong | Strong | Sound | $264Fees | 0.336%Above | 23 | |
42 | Independent Mortgage CompanyDirect & Wholesale | Sound | Mediocre* | Exceptional | Strong | Strong | $2,094Fees | 0.929%Above | 51 | |
43 | BankDirect & Wholesale | Sound | Mediocre* | Exceptional | Sound | Sound | $2,264Fees | 0.156%Above | 45 | |
44 | Independent Mortgage CompanyDirect | Sound | Acceptable | Strong | Sound | Sound | $1,692Fees | 0.144%Above | 25 | |
❓ Frequently Asked Questions
How are mortgage lenders ranked in San Francisco?+−
Safe Rate ranks lenders using the 5 Ps framework. Four are derived from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in San Francisco), and Product (performance on specific loan types). The fifth, Promptness, is behavioral: it credits lenders who answer real shopper quote requests quickly. Each lender receives a composite Safe Rate Score from 0 to 100. No lender pays to appear in the rankings.
What is the Safe Rate Score?+−
The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.
How many mortgage lenders are active in San Francisco?+−
Based on 2024 HMDA data, 85 lenders originated a combined 8,087 loans in San Francisco. Safe Rate's rankings evaluate all of them — not just a curated shortlist.
What does the rate spread tell me about a lender in San Francisco?+−
Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in San Francisco is 0.08%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.
What is HMDA data and why does Safe Rate use it?+−
HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.
Does Safe Rate accept payment from lenders to appear in rankings?+−
No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.
What is the difference between a bank, credit union, and independent mortgage company?+−
Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In San Francisco's rankings, all three institution types are evaluated on the same HMDA performance metrics.
How We Rank Lenders
Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.
Our Point System (Max 40 Points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
⚖️ Licensing & Disclosures
Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.