Lowest 30 year fixed Mortgage Rate

3.899%

Lender

Rate

APR

Pts.

LowerMortgage

3.899%

3.958%

0.650

B of A

4.250%

4.325%

0.398

Wells Fargo

4.375%

4.426%

NA

Chase

4.250%

4.375%

1.000

Quicken

4.375%

4.657%

2.125

Why are Bank Rates so high?

Banks collect an SRP (not disclosed) and YSP on your loan to pay for Shareholder Compensation, Loan Officer Commission, Staffing, & Marketing Cost.

About Us


LowerMortgage.net has built a strong reputation as an outstanding mortgage brokerage firm serving the lending needs of consumers and real estate professionals We are a full service mortgage broker licensed in California with an experienced staff offering expertise in every area of mortgage lending, from purchase to refinance. We have access to a full range of mortgage sources and our lending specialists are dedicated to finding the right loan with the best rates, terms and costs to meet our clients unique needs. We provide regular loan updates and progress reports throughout the lending process so clients always know the status of their loan. We take pride in making the loan experience a quick process and often fund loans within 15 working days of the loan application.

Our Mission

Our mission is to provide Californian’s with the lowest available mortgage rate, various loan options, and mortgage education to make the best informed decision for their unique situation. Client satisfaction and transparency drives the success of our company.  

What to Expect When Buying a Home


Buying a home can be both exciting and overwhelming! We work with you and your real estate agent to facilitate a smooth transition to closing. Most real estate contracts allow a 17 day contingency to acquire financing for the property that you intend to purchase. Upon completing an application and gathering the particular processing documents (ie; income, asset verification and insurance), we underwrite the application, request the appraisal and insurance, and coordinate with escrow a closing date. Updates are sent to the borrower, the real estate agent and escrow during the process

What are people saying about us?

Ben G.


“I want to thank Mark for the great service and low rates for my son’s first house last year, for helping to refinance our house, and for coaching and assisting my daughter and son-in-law in qualifying, and ultimately buying, their first house two weeks ago.  You are the Mortgage Guru, finding the right company each time, with low rates, that help make purchasing a house less stressful and with peace of mind.  We will use you again and will continue to recommend you to all our friends.”

Steve E.


“We had a fantastic experience. Mark is attentive to detail and didn’t hesitate to answer questions or requests. He coordinated directly with our ESCROW company in a timely manner and we were ready to close early. We will use his services again whenever the time comes.”

Steve A.


“Mark should be the first stop in your hunt for a new home loan or refinance. Not only can he find you the lowest rate for your loan, but he will also walk you through the entire process eliminating any surprises or misconceptions. Mark can quickly analyze your financial profile, pre-qualify you for a loan, or provide you with an estimate of your potential buying power. His extensive knowledge of available loan programs makes him the ideal choice for those buyers with special circumstances.”



* THANK YOU VETERANS! VA Loans up to 100%  financing with no mortgage insurance




* Conventional loans with Elite pricing for credit scores greater than 700


* 1st time home buyer loans with as little as 3% down

Easy steps to financing your new home!

Step 1

Know your income and assets (from recent w2, paystub, bank statement, tax returns, etc) and accurately complete the online application.

Step 2

Receive and review your instant PreApproval letters with various loan options to choose. We are available to answer any of your questions.

Step 3

Include this PreApproval letter with your initial offer to purchase. NOTE: We can always reduce your PreApproval letter to match your purchase offer,

Frequently Asked Questions

What does a mortgage broker do?

A mortgage broker works on the borrower’s behalf to find the lowest rates and best loan program from various lenders. He/she gathers documents, runs credit, submits the loan scenario through an automated underwriting system, locks in an interest rate, and processes the loan until it funds

How does a mortgage broker get paid?

Mortgage brokers can get paid either directly from the lender or directly from the borrower, but not both. When paid directly from the lender, the broker has negotiated a commission between 1 -3% of the loan amount. This commission is included in the interest rate. The higher the negotiated commission, the higher the rate is for the borrower. Our commission is 1.5%. 

How can a mortgage broker offer lower rates than banks?

While a mortgage broker gets paid a commission on each loan, banks pay a loan originator commission, advertising costs, staffing expenses, brick and mortar buildings, and most of all share holder’s profits. A bank’s per loan profit is substantially higher than 2.5% per loan. These higher costs result in higher mortgage rates to the borrower.   

Can a mortgage broker provide a preapproval letter to purchase a home?

Yes! A mortgage broker can gather a borrower’s information, assess their qualifications, and run their application through various underwriting systems to generate a preapproval letter.