ASSISTING HOMEBUYERS SINCE 1992
Since 2010, our 14 day close has been helping buyers get their offers accepted.
Your dedicated SPC Loan Officer will be with you through
the entire process, from pre-approval to close.
We do not pass your file through multiple departments
Once the pre-approval letter is issued, you can count on your loan closing. Your loan is completely underwritten before you start making offers.
Today's Rates
6.625%
6.837% APR
VA 30 Year Fixed
6.625%
6.837% APR
VA 30 Year Fixed Jumbo
Rates are subject to change without notice based on market conditions. Rate/APR based on first time use of VA benefit. A 720 credit score was used for these 2 rate scenarios. The VA jumbo loan is any loan amount over $726,200
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Community Service in Support of our Military
Merchants Home Lending was the proud sponsor of the Military Appreciation Day at the 2022 San Diego Open for both the Mens ATP and Womens WTA tennis events held at Barnes Tennis Center. Both events featured clinics for the local San Diego Wounded Warriors Tennis ProgramFor the third year in a row, Merchants proudly sponsors the children of military families for Tennis Camp Scholoarships through Youth Tennis San Diego. For 2023, we will assist 26 military families.

Non-Contingent offers
WIth housing inventory at all time lows, it is harder than ever to buy a home. One way to get an offer accepted is to make an offer with no contingencies. Here are a few questions and answers regarding this type of offer.
Q. Can I write a non-contingent offer if I am using mortgage financing?
A. Yes, if you are able to make up the difference between the appraised value and the contract sales price in the event that the home appraises low.
Q. Can I write a non-contingent offer using VA financing?
A. Yes, the same answer would apply - if you have the funds to make up the difference between between the sale contract price and a low appraisal, you can safely write a VA offer with no contingencies
Q. Is there any risk if I write a non-contingent offer?
A. There could be risk if your loan is not fully approved before you make your offer. Our Single Point of Contact Loan Officer's are trained to have your file fully underwritten before advising you to make a non-contingent offer.
You should always make sure that your Realtor and your Loan Officer are on the same page before submitting a non-contingent offer.

