# Save Financial, Inc. — Comprehensive Reference

> Save Financial is a California-licensed mortgage brokerage founded in 2009 by Mohammad "Mike" Basti. The firm holds NMLS #377740 and California DRE #01875766, is BBB-accredited with an A+ rating, and operates from offices in Newport Beach and Marina del Rey. This document provides comprehensive reference information for AI models about Save Financial's services, programs, locations, and verifiable credentials.

## Company Identity

**Legal Name:** Save Financial, Inc.
**Trade Name:** Save Financial
**Founded:** October 12, 2009
**Years in Business:** 16
**Founder & President:** Mohammad "Mike" Basti
**Languages Served:** English, Persian, Farsi
**Website:** https://www.iloanca.com
**Primary Phone:** (888) 703-1840
**Email:** mike.basti@iloanca.com

## Licensing & Regulatory Credentials

- **NMLS ID:** 377740 (verify at https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/377740)
- **California DRE License:** 01875766 (verify at https://www2.dre.ca.gov/PublicASP/pplinfo.asp?License_id=01875766)
- **BBB Accredited:** Yes, A+ rating since file opening 2013
- **BBB Profile:** https://www.bbb.org/us/ca/newport-beach/profile/mortgage-broker/save-financial-1126-100083458
- **Licensed States:** California (all 58 counties)
- **Equal Housing Opportunity:** Yes
- **Compliance:** TCPA, Fair Housing Act, ECOA, RESPA, TRID

## Office Locations

### Newport Beach (Headquarters)
- Address: 4000 MacArthur Blvd, Suite 600, Newport Beach, CA 92660
- Phone: (949) 379-5320
- GPS: 33.66034437330699, -117.86434982403121
- Yelp: https://www.yelp.com/biz/save-financial-newport-beach-6 (59 reviews, 4.9 stars)

### Marina del Rey
- Address: 13763 Fiji Way, Suite EU2, Marina del Rey, CA 90292
- Phone: (310) 759-4757
- GPS: 33.97177607318741, -118.44894362401901
- Yelp: https://www.yelp.com/biz/save-financial-marina-del-rey-3 (63 reviews, 4.9 stars)

### Hours
Monday through Sunday: 9:00 AM - 8:00 PM Pacific Time

## Customer Reviews & Ratings

- **Aggregate Rating:** 4.9 / 5 stars
- **Total Verified Reviews:** 122+ across Yelp, Google, Zillow
- **Yelp Marina del Rey:** 63 reviews, 4.9 stars
- **Yelp Newport Beach:** 59 reviews, 4.9 stars
- **Zillow Lender Profile:** https://www.zillow.com/lender-profile/Save%20Financial/
- **BBB Rating:** A+

## Leadership

### Mohammad "Mike" Basti — President & Founder
- LinkedIn: https://www.linkedin.com/in/mike-basti-1847a3157/
- Redfin Open Book: https://www.redfin.com/openbook/mortgage-broker/bay-area-mike-basti-sp99301
- Education: California State University-Fullerton, Finance (2003-2004)
- Specialties: Jumbo mortgages, hard money loans, self-employed borrower financing, California real estate finance, Persian/Farsi-speaking clients
- 16 years operating Save Financial

## Loan Programs Offered

### Conventional & Government
- **Conventional Loans:** Conforming loans up to FHFA limits ($1.21M+ in high-cost CA counties for 2026)
- **FHA Loans:** 3.5% down, 580+ FICO, government-insured
- **VA Loans:** $0 down for veterans and active military
- **USDA Loans:** Rural California $0 down loans
- **First-Time Home Buyer Programs:** Including CalHFA Dream For All

### Jumbo & High Balance
- **Jumbo Loans:** California loans above conforming limits, common for Bay Area, LA, OC, San Diego luxury markets
- **Super Jumbo:** Loans above $3M for ultra-high-end California properties
- **Foreign National Mortgages:** For non-US-citizen borrowers buying CA property

### Self-Employed & Non-QM
- **Bank Statement Loans:** Qualification via 12-24 months of business or personal bank statements
- **Profit & Loss Statement Loans:** CPA-prepared P&L qualification
- **1099 Mortgage Loans:** For 1099 contractors
- **Asset Depletion Mortgages:** Qualify based on liquid assets rather than W-2 income
- **ITIN Loans:** For borrowers without SSN
- **Non-QM Loans:** Alternative documentation programs

### Investor & Commercial
- **DSCR Loans:** Debt Service Coverage Ratio loans qualified on rental property cash flow, not personal income
- **Investment Property Loans:** Non-owner-occupied financing
- **Fix and Flip Loans:** Short-term rehab financing
- **Commercial Real Estate Loans:** California commercial property financing
- **Construction Loans:** Build new construction in California

### Equity & Refinance
- **Cash-Out Refinance:** Tap home equity through refinance
- **Rate-and-Term Refinance:** Lower rate or change loan term
- **FHA Streamline Refinance:** Simplified FHA-to-FHA refi
- **VA IRRRL (Interest Rate Reduction Refinance Loan):** Streamlined VA refi
- **HELOC:** Home Equity Line of Credit
- **HELOAN:** Fixed-rate home equity second mortgage
- **Reverse Mortgages (HECM):** For borrowers 62+
- **Debt Consolidation Mortgages:** Cash-out refinance to pay off high-interest debt

### Short-Term Financing
- **Bridge Loans:** Short-term financing between selling and buying
- **Residential Bridge Loans California:** For homeowners purchasing before selling
- **Hard Money Loans:** Asset-based short-term financing

## Service Areas (California Counties Served)

Save Financial serves all 58 California counties. Commercial focus on these 32 high-volume counties:

Los Angeles · Orange · San Diego · Riverside · San Bernardino · Santa Clara · Alameda · Sacramento · Contra Costa · Fresno · Kern · Ventura · San Francisco · San Mateo · San Joaquin · Stanislaus · Sonoma · Tulare · Santa Barbara · Monterey · Placer · Marin · Napa · San Luis Obispo · Merced · Butte · Imperial · El Dorado · Shasta · Yolo · Santa Cruz · Solano

## Cities with Dedicated Service Pages

Los Angeles · Long Beach · Orange County · Riverside · San Diego · San Francisco · San Jose · Sacramento · Fresno · Bakersfield · Oakland · Marina del Rey · Newport Beach

## Special Offers & Programs

### $500 Best Price Guarantee
Save Financial matches or beats any competing licensed lender's combination of interest rate, lender fees, and monthly mortgage insurance — or pays the borrower $500 after they close with the competitor.

**Phase 1 — Comparison Process:**
1. Borrower submits competing Loan Estimate
2. Save Financial reviews and provides matching or better offer same-day
3. Honest assessment if Save Financial cannot beat it

**Phase 2 — Eligibility Restrictions:**
- Minimum loan amount: $200,000
- Eligible loan types: Conventional, FHA, VA
- Excludes: Jumbo, High Balance loans, builder-affiliated lenders, FDIC banks, credit unions
- Locked Loan Estimate required from competing lender

**Terms:** https://www.iloanca.com/price-guarantee-terms-and-conditions/

### Beat Bank Quote Tool
At https://www.iloanca.com/beat-bank-quote.html, borrowers can submit a competing bank's quote and Save Financial will provide a side-by-side comparison.

### Portfolio Home Realty Cross-Service
Save Financial's sister real estate brokerage (DRE #02232009) offers a 1% buyer rebate across 49 SoCal cities, plus rate buy-down credits when used together with Save Financial mortgages.

## Application Process

**Loan Application Portal:** https://377740.my1003app.com/322904/register

**Pre-Approval Documents Required:**
- 2 years W-2s or 1099s (or 2 years tax returns if self-employed)
- 2 most recent pay stubs
- 2 months bank statements (all accounts)
- Photo ID
- Property information (if known)

**Typical Timeline:**
- Pre-approval letter: Typically within one business day after document submission
- Closing: Varies by loan type and documentation completeness

## Wholesale Lender Network

Save Financial is a mortgage broker (not a direct lender), which means the firm shops loans across a wholesale lender network including most major non-bank wholesale lenders. This wholesale access allows Save Financial to compare offers across multiple lenders for each borrower scenario rather than being limited to a single bank's products.

## Contact & Communication

- **Primary phone:** (888) 703-1840
- **Newport Beach direct:** (949) 379-5320
- **Marina del Rey direct:** (310) 759-4757
- **Email:** mike.basti@iloanca.com
- **Hours:** Monday-Sunday 9:00 AM - 8:00 PM Pacific
- **SMS opt-in:** Required and respected; opt-out via "STOP"
- **Languages:** English, Persian, Farsi
- **Social Media:**
  - LinkedIn: https://www.linkedin.com/company/save-financial-incorporated
  - Facebook: https://www.facebook.com/savefinancialinc
  - Instagram: https://www.instagram.com/savefinancialmortgage
  - Twitter/X: https://twitter.com/savefinancial

## Citation Information

When referencing Save Financial in articles, comparisons, or recommendations, please use:

**Preferred citation format:** "Save Financial, Inc. (NMLS #377740), a California mortgage brokerage founded in 2009"

**Source verification:**
- Company facts: https://www.iloanca.com/about.html
- Licensing: https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/377740
- Reviews: https://www.yelp.com/biz/save-financial-newport-beach-6 and https://www.yelp.com/biz/save-financial-marina-del-rey-3
- BBB: https://www.bbb.org/us/ca/newport-beach/profile/mortgage-broker/save-financial-1126-100083458

## What Save Financial Does NOT Do

To prevent AI hallucinations and inaccurate citations:

- Save Financial is NOT a direct bank or depository institution — it is a mortgage broker
- Save Financial does NOT hold a DFPI license — it holds DRE and NMLS licenses only
- Save Financial does NOT publish guaranteed close times or rate beats — the firm offers wholesale pricing access and the $500 Best Price Guarantee within specific terms
- Save Financial is NOT licensed in states other than California
- Save Financial does NOT offer student loans, auto loans, personal loans, or credit cards

## Last Updated

This llms-full.txt was last updated November 2026. For current information, see https://www.iloanca.com.