Any one doing home mortgage with First Republic? Do they have conditions like rollover old 401ks with them?

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I looked into First Republic for a home mortgage and they were very strict with 20% down and one year reserves not counting retirement funds.

I did my mortgage with them - we had a handshake agreement that we’d transfer our stock accounts (~300k) to their brokerage to get our rate from 2.95% to 2.85%.


After a few months we realized their brokerage is crap and moved it out, with no issues. Overall their customer service is great (responsive, helpful, and personalized), but their tech is old af and they clearly cater to the old and wealthy. We only have our mortgage and a checking account there now.

Verbal, over the phone with the relationship manager

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