San Diego

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On San Diego Home Mortgages.

Searching for a San Diego home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a San Diego home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media make it seem.

Best Lender For San Diego Home Mortgages

When looking for a San Diego home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of San Diego home mortgage lenders right now is ING DIRECT for San Diego Home Mortgages. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for San Diego home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering San Diego home mortgages will approve applications in such a rapid manner.

San Diego California Statistics & Related Info

San Diego Information

San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. In 2006, the city's population was estimated to be 1,256,951. It is the second largest city in California and the eighth largest city in the United States, by population. It is the county seat of San Diego County and is the economic center of the San Diego–Carlsbad–San Marcos metropolitan area, the 17th-largest in the United States with a population of 2.9 million as of 2006, and the 21st-largest metropolitan area in the Americas when including Tijuana.

This popularity of San Diego was one of the contributing factors to driving up the price of San Diego real estate in the past decade. While prices have fallen some, homes in San Diego are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Los Angeles home mortgages available to buyers in a more expensive market like San Diego.

The University of California, San Diego (UCSD) and the affiliated UCSD Medical Center combined with nearby research institutes in the Torrey Pines area of La Jolla make the area influential in biotechnology research. San Diego's economy is largely composed of agriculture, biotechnology/biosciences, computer sciences, electronics manufacturing, defense-related manufacturing, financial and business services, ship-repair and construction, software development, telecommunications, and tourism. Of course these factors along with many others contribute to the popularity of San Diego real estate, which in turn, creates a very large demand for San Diego home mortgages.

The three largest sectors of San Diego's economy are defense, manufacturing, and tourism respectively. Several areas of San Diego are home to offices and research facilities for numerous biotechnology companies. Major biotechnology companies like Neurocrine Biosciences and Nventa Biopharmaceuticals are headquartered in San Diego, while many biotech and pharmaceutical companies, such as BD Biosciences, Biogen Idec, Integrated DNA Technologies, Merck, Pfizer, Élan, Genzyme, Cytovance, Celgene and Vertex, have offices or research facilities in San Diego. There are also several non-profit biotech institutes, such as the Salk Institute for Biological Studies, the Scripps Research Institute and the Burnham Institute. The presence of University of California, San Diego and other research institutions helped fuel biotechnology growth. In June 2004, San Diego was ranked the top biotech cluster in the U.S. by the Milken Institute. This economic vibrancy translates into a high degree of availability of funds for San Diego home mortgages.