First Republic Mortgage Rates Reviews

Joseph Meyer
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First Republic Quick Facts

What we love about First Republic:

  • cost Effective
  • impressive features

History of First Republic Mortgage

First Republic Bank won’t say how many employees it has. It’s not important to this company. Long before, the bank was one of the first to revamp its bank branch experience and launch a website. That’s when it solidified its commitment to technology. It’s pretty easy to say that the bank has enjoyed tremendous success over the past 25 years. What started with just three branches has grown to a whopping 72 branches across the United States.

First Republic Bank offers a variety of loan types, including conventional, reverse mortgages, equity cash out, and mortgage recasting. The company has been designated a 5-star Four-Diamond bank by Bauer Financial, consistently earning their highest award. There’s good reason First Republic is also known as leading the company in the mortgage industry. The company’s customer service is ranked high, and First Republic continues to expand by opening additional branches.

With an average 22 years of banking experience in the industry, the support veterans of the company can offer customers is invaluable. The site is easy to navigate, and a reliable online chat takes you directly to a real customer service representative who’s ready to help. Another thing we like is that the company has been around for so long, we know they’re set to last.

Current First Republic Mortgage Rates

First Republic Loan Specifics

First Republic Mortgage is a nationwide lender that focuses on loans for high-net-worth borrowers. With an average FICO score of 730, borrowers can generally expect to have limited options with this lender.

Smaller loan amounts along with higher interest rates reflect First Republic’s higher risk tolerance and are typically well received by high-income professionals.

Fixed-Rate Loans

A fixed-rate mortgage is a type of loan that offers the same interest rate over the entire life of the loan. Since the interest rate doesn’t change over time, a fixed-rate mortgage offers borrowers stability and predictability in their monthly mortgage payments during the loan term.

A fixed-rate mortgage – , more commonly referred to as a FRM – is the most popular mortgage type because it offers the lowest possible interest rate and because it’s a great choice for borrowers who are looking for a predictable monthly payment.

In the market for a fixed-rate loan? Check out the fixed-rate loan options from First Republic.

Adjustable-Rate Loans

Adjustable-rate mortgages, a loan type which allows a borrower to pay interest at one fixed interest rate for an initial period (typically 5, 7, or 10 years) before the rate is adjustable.

Adjustable-rate mortgages are known as “ARMs” for short. Borrowers who have fixed-rate mortgages have a fixed interest rate and this means the borrower will pay the same amount each month for the loan terms. With ARMs, however, the interest rate is not fixed and so will fluctuate throughout the life of the loan. Many ARM borrowers are drawn to the low start rate which is often lower than the fixed rates, but the risk is that the rate will increase over time.

ARMs are best for borrowers who expect to be moving to a different home later in life. For example, people who have a fixed-rate mortgage for the first few years of their mortgage but plan to move at the end of those years can use ARMs to lock in a low start rate before rates go up.

Hybrid Adjustable-Rate Mortgage

A hybrid ARM is a combination of fixed and adjustable rates that can be fixed at any time during the loan before the final payment. When your interest rate adjustments are based on a fixed rate, you won’t have the hassle of a lengthy adjustment period.

Unlike most adjustable rate mortgages, hybrid ARMs have a single interest rate that adjusts every period. Similar to the other types of ARMs discussed on this page, a fixed period means you’ll have a fixed rate for a period of time. However, after the initial fixed period expires, your interest rate could adjust dynamically based on an index change.

You might qualify for a hybrid ARM with a maximum interest rate of 5 points above the index on a 10-year loan. A 2 percent point hybrid ARM would allow your interest rate to fluctuate between 2 and 8 percent, depending on the change in an index (for example, the Chicago Board of Trade, or CBOT, for a Gold bond index).

All-in-One Acquisition to Construction to Permanent Loans

If you need to finance a new home, buy a vacation property, refinance an existing loan or make other real estate related investments, check out All-in-One Acquisition to Construction to Permanent Loans from First Republic. First Republic is a California-based bank that has been providing excellent private banking services to high-net-worth families since 1999.

Here’s how their All-in-One loan works: You apply for a home loan with or without representation from an Realtor. They’ll walk you through the loan options and it will help you determine what type of loan you qualify for. They are supported by a team of mortgage experts, including a loan originator, a secondary underwriter and an analyst.

After you make your loan request, they will present you three different term options. They will select the one with the lowest interest rate for you. You will have to reach a final decision within 72 hours. There are no hidden fees.

To give you an idea of how this works, below is the story of an investor who refinanced his property using First Republic.

Vacation and Second Home Loans

Whether you are looking for a 1st Republic Bank mortgage rate for your vacation home, a second home mortgage or either of these for your primary home, your home mortgage company is the place to start.

You should get started by comparing your mortgage rates from a variety of home loan providers. Then you can get a loan quote from your preferred home mortgage company and compare it to your quotes from the other lenders.

You should also ask about private mortgage insurance in case you can’t afford a full 20 percent down on your home or it is a higher-risk second home.

The last thing to consider is closing costs. If you are getting a good mortgage rate, you might still have to pay several thousands in closing costs that would come out of your pocket. So do your homework to find out what the total costs are and what your responsibilities will be after the closing. If you are buying a vacation home or a second home, these expenses will often include the title search, tax statements, escrow instructions and more.

Eagle Community Loan Program

First Republic Mortgage Customer Experience

When you crunch the numbers and your financial advisor confirms the direction needed to reach your goals, you'll want to enlist the help of a mortgage company to take care of the entire process. To be successful for a lifetime of change, it's important to make a good decision when choosing a mortgage partner. A mortgage company can mean the difference between moving forward with confidence and being stuck with a bad loan.

Luckily, the qualified Mortgage Network professionals on the Cheddar network not only have decades of experience and access to the best in home loan products, they also have a commitment to delivering exceptional customer service. Hello, my name is Scott Alan and I am one of the CEO's at The Mortgage Network. For over 30 years, The Mortgage Network has worked diligently to understand and meet the financial goals of our clients. With over 250 loan officers in 5 different states, we have experience with virtually every market condition and scenario.

We have been given many company awards for our service as well as being recognized by our peers. We are an acknowledged leader in giving back to the community and support a local charity each month pledged thousands of dollars in home improvements, ended up needing to come back and even helped our client buy her first house!

Experience the story of The Mortgage Network as we share the challenges many of us face as we work hard to make our client's dreams become a reality.

First Republic Lender Reputation

First Republic is a full service lender that will provide you with a loan for any home purchase. This includes purchase or refinance for your primary residence, investment property or home equity financing. First Republic works with homebuyers for a wide variety of mortgage loans.

The loans that they provide can be made in a number of ways and at a number of interest rates, depending on the conditions and the amount of money that you apply for. If you are on the fence about which home lender to go with, we highly recommend you check out First Republic, because we believe they are going to be more than happy to take the time that’s necessary to find you the right mortgage plan.

Throughout these years, First Republic has established a considerable reputation, and has been a federal and state bank to be reckoned with. It has earned quite a reputation, basing it mainly on customer service and high quality home loans. The company is based in San Francisco, CA and is noted for being a large and dependable bank.

First Republic was actually the first bank established in California in the whole US west of the Rocky Mountains. It was also the first federally chartered bank in San Francisco. This shows just how important it is to have a valuable partnership with this bank.

First Republic Mortgage Qualifications

First Republic Phone Number & Additional Details

The Mortgage Process:

The home loan application process can be a long and tedious one. There’s so much paperwork involved, and you’re the one who needs to be collecting all those documents, filling out the authorization forms and getting your credit score into shape. A lender can’t do that for you. So you can see why asking for a First Republic mortgage rates comparison makes so much sense.

Selecting a loan:

You’re the one who needs to decide what’s best for you. You’ll be the one paying for the loan, and you’ll be the one living in the house that you’re offering as collateral. You’ll also be the one signing the mortgage documents. So by all means, do your due diligence and review as many offers as possible, so you can find the best mortgage rates and best home loans.

Selecting a broker: