Shop Sacramento Mortgage Lenders: Find the Best Rates & Loan Programs with a Wholesale Broker

Introduction: Why You Need to Shop Sacramento Mortgage Lenders

If you’re buying a home or refinancing in Sacramento, you need to shop Sacramento mortgage lenders to get the best deal. Many homebuyers assume their bank will offer the best rate, but that’s not always the case. Mortgage rates, fees, and loan programs vary significantly between lenders, which means shopping around can save you thousands of dollars over time.

That’s where a wholesale mortgage broker like New Way Mortgage comes in. Instead of being locked into one bank’s rates and programs, a broker shops multiple lenders to find the best mortgage option for you.

Why You Should Shop Sacramento Mortgage Lenders

Mortgage rates and loan terms differ from lender to lender. If you only check with one lender, you could end up:

• Paying a higher interest rate than necessary.
• Missing out on better loan programs that fit your needs.
• Getting stuck with higher closing costs and fees.

By working with a wholesale mortgage broker, you don’t have to compare lenders on your own. A broker does the heavy lifting—finding the best rate, the lowest fees, and the right loan program for you.

Learn more about mortgage rates in Sacramento here.

Retail Lenders vs. Wholesale Mortgage Brokers

When you shop Sacramento mortgage lenders, you’ll find two main types of lenders:

Retail Lenders (Banks & Direct Lenders)

• Offer only their own loan products.
• Rates and fees are fixed with little flexibility.
• Limited to their specific loan programs.
• Can take longer to process loans.

Wholesale Mortgage Brokers (Like New Way Mortgage)

• Shop multiple lenders to find the lowest rate.
• Offer flexible loan programs for different financial situations.
• Help borrowers with unique needs, such as self-employed buyers.
• Often provide lower fees and better rates.

How a Wholesale Mortgage Broker Saves You Money

A mortgage broker works with multiple lenders, meaning you get access to:

✔ Lower interest rates—wholesale lenders often offer better pricing than banks.
✔ Customized loan programs—FHA, VA, jumbo loans, down payment assistance, and more.
✔ Lower fees—Brokers negotiate competitive rates and costs on your behalf.
✔ Faster approvals—A broker streamlines the process, so you don’t waste time.

👉 Find out how much you can save by working with a broker!

Loan Programs Available in Sacramento

When you shop for a mortgage, it’s not just about the rate—you also need the right loan program. A wholesale mortgage broker can help you find options like:

• Conventional Loans – Low down payment options with competitive rates.
• FHA Loans – Great for first-time buyers with lower credit scores.
• VA Loans – Zero down payment loans for eligible military veterans.
• Jumbo Loans – For high-value homes above conventional loan limits.
• Down Payment Assistance Programs – Help for first-time homebuyers.

Sacramento Housing Market & Why Shopping for a Mortgage Matters

Home prices in Sacramento have remained competitive, and mortgage rates fluctuate frequently. If you’re looking to buy a home, you need to shop around to secure the best financing possible.

📊 What’s happening in Sacramento’s market?
✔ Home prices are still climbing.
✔ Interest rates change daily.
✔ Buyers need to move fast with strong financing.

A mortgage broker ensures that you:
✅ Lock in the best rate before rates go higher.
✅ Get preapproved quickly to make a strong offer.
✅ Access loan programs that maximize affordability.

Check out the latest Sacramento housing market trends here.

Common Myths About Mortgage Brokers

🚫 Myth #1: “Brokers are more expensive.”
✔ Reality: Brokers often save you money with lower rates and fees.

🚫 Myth #2: “I’ll get a better deal at my bank.”
✔ Reality: Banks only offer their own products. Brokers compare multiple lenders.

🚫 Myth #3: “Brokers only help buyers with bad credit.”
✔ Reality: Brokers work with all borrowers, including those with excellent credit.

👉 See if working with a mortgage broker is right for you!

How to Shop Sacramento Mortgage Lenders Like a Pro

If you’re serious about saving money, here’s how to shop for a mortgage:

1️⃣ Compare Interest Rates – But don’t just go by the first quote—get multiple options.
2️⃣ Look at the APR – The Annual Percentage Rate includes fees, giving you the full picture.
3️⃣ Ask About Fees – Some lenders advertise low rates but charge high closing costs.
4️⃣ Check Loan Program Availability – The right program can save you thousands.
5️⃣ Work With a Broker – Instead of doing all the work yourself, let a mortgage broker handle the shopping for you.

Why Online Rate Quotes Can Be Misleading

Ever see those super-low rates online? They’re usually not real.

Most online lenders advertise teaser rates that don’t apply to most borrowers. Your actual rate depends on:

✔️ Credit score
✔️ Loan amount
✔️ Down payment
✔️ Debt-to-income ratio

A wholesale mortgage broker ensures you get a real rate—not just a marketing gimmick.

Refinancing? Don’t Forget to Shop Around!

If you’re refinancing your home, you still need to shop Sacramento mortgage lenders. A wholesale mortgage broker can:

🔹 Find a lower interest rate to reduce your monthly payment.
🔹 Help you pull cash out for home improvements or debt consolidation.
🔹 Shorten your loan term to pay off your home faster.

👉 See if refinancing makes sense for you!

How to Get Preapproved & Start Shopping for a Mortgage

Want to start shopping? Here’s how to get preapproved:

✅ Step 1: Fill out a mortgage application HERE.
✅ Step 2: Provide income, credit, and asset documents.
✅ Step 3: Your broker shops lenders and finds the best deal for you.
✅ Step 4: Get a preapproval letter and start house hunting!

At New Way Mortgage, we make the process simple and stress-free.

Final Thoughts: Get the Best Mortgage Deal in Sacramento

If you’re buying a home or refinancing, don’t just take the first mortgage offer you get.

By shopping Sacramento mortgage lenders with a wholesale broker, you’ll:

✔ Save money with a lower interest rate.
✔ Access better loan programs.
✔ Get expert guidance throughout the process.

👉 Ready to get started? Apply Now!
📞 Have questions? Call or text us at 916-465-6639.
📅 Prefer to chat? Schedule an appointment HERE.

Let’s find you the best mortgage deal in Sacramento! 🏡💰