Getting a Home Loan in Oakland
Admittedly, the entire San Francisco Bay Area’s housing market is competitive. Last year, Fortune Builders reports on 2022 Oakland real estate and market trends said that despite recent increases in the Oakland real estate market, median home values there are considerably less than surrounding areas.
To get the best home loan possible in this market, you’ll need an experienced mortgage consultant. Vic Joshi is happy to arm you with education about the mortgage loan process and use his resources to find the best rate with the best lender for your Oakland real estate transaction.
First Time Home Buyer
If you are a first time home buyer, Vic and his team are great sources of support to help you secure an Oakland mortgage loan. You’ll get his generous educational consultation and be armed with good information so you can make the best decisions. You can head start by reading About Mortgage Loans where you’ll learn that the banks’ highest priority is not your financial success, but theirs. If you can lower your interest rate by even one point, it can mean a much lower payment for you monthly.
Refinance
If you are a current property owner ready for a refinance, a lower rate might enable you to make extra payments to get your home totally paid off. Or you might take cash out of your home equity for renovation, college tuition or some other life priority. Many times we have refinanced homes with no closing costs out of pocket to the borrower.
Oakland Home Loans
Here are some of the loans I’ve closed for happy clients in Oakland!
Oakland Home Loan Reviews
I was connected to Vic through my realtor and have nothing but great things to say. Despite my budget for a house in Oakland being very low, and him being incredibly busy, he still helped me close on a house within 6 weeks from the start of my search! He was transparent about the loan process and got me a fantastic rate on my loan. As a first-time homebuyer, there was a lot I didn't know, but Vic took care of everything and answered all my questions! Thank you, Vic!
I cannot say enough great things about Vic. I had a free consultation with Vic "Mortgage 101" to take a look at our financial scenario. Vic explained all of our options and what is possible in our current situation. I had no Idea that based on your income you can potentially qualify for an interest rate as low as 1%. That really gave me and my husband hope in this expensive Oakland market. Thank you Vic. 
Thinking About a Move to Oakland?
The City of Oakland Now
Oakland has a warm-summer Mediterranean climate with warm, dry summers, and mild, wet winters. According to the National Oceanic and Atmospheric Administration, it ranked No. 1 in climate among U.S. cities. It’s in the top 20 of American cities in median household income. Oakland is one of the most ethnically diverse major cities in the country, with an overall diversity score of 91.4. And it has a thriving art scene, designated as one of America’s top 12 art communities.
Before focusing on your search for Oakland mortgage loans, here are some facts about Oakland to familiarize potential home buyers with this unique area.
Photo source: Creative Commons
Trade Center
Oakland is the largest city in the East San Francisco Bay Area, and a major West Coast transportation hub and port city. The Port of Oakland is the largest in Northern California and the fifth busiest container shipping port in the country.
Voted Best Culture to Experience
Oakland Makes National Geographic Travel’s Best Trips List!
In 2012, Oakland was named the top North American city to visit. In 2013 Oakland was named #1 in the America’s Most Exciting Cities list. And again in 2019, Oakland appeared in National Geographic Traveler magazine’s list of 28 must-see destinations. Visit Oakland reports that Oakland was selected in the culture category, one of only four U.S. destinations included in the list and the only city in California chosen. The city was chosen for its:
Terrain
“Oaklanders refer to their city’s terrain as “the flatlands” and “the hills”. Until recent waves of gentrification, these terms also symbolized Oakland’s deep economic divide, with “the hills” being more affluent communities. About two-thirds of Oakland lies in the flat plain of the East Bay, with one-third rising into the foothills and hills of the East Bay range.” — Wikipedia
Neighborhoods
Oakland has more than 50 distinct neighborhoods, each with its own unique character. If you’re considering moving to Oakland from out of town, you might want to check Walk Score’s neighborhood match list for people who want to find an Oakland neighborhood similar to where they’re from.
Oakland History
At one time, Oakland’s land was a mosaic of California coastal terrace prairie, oak woodland, and north coastal scrub. Its oak and redwood forests in the hills were logged to build San Francisco, and its fertile flatland soils made it a prolific agricultural region. The area now known as Oakland was called “Encinar” in the 1700s, Spanish for “oak grove.”
Image source: Wikimedia Commons