The Best Mortgage Lenders in Beverly Hills, CA
Compare verified mortgage lenders serving Beverly Hills, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Beverly Hills
Featured Mortgage Lenders
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a highly-rated national mortgage lender with a strong local presence in the Los Angeles area, including Beverly Hills. Known for its competitive rates and extensive loan options, the company has built a reputation for reliable service and customer satisfaction. They specialize in jumbo loans, which are common in high-value markets like Beverly Hills, and offer personalized guidance throughout the mortgage process. Their A+ BBB rating and positive customer reviews highlight their commitment to excellence and community involvement.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with numerous industry awards for customer service and reliability. Their Sherman Oaks branch actively serves the Beverly Hills area, providing tailored mortgage solutions for luxury homes and competitive refinancing options. With a focus on transparency and efficiency, they have a strong track record of high customer satisfaction and community support. Their experienced loan officers are adept at handling complex deals in affluent markets, making them a trusted choice for Beverly Hills residents.
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New American Funding
New American Funding
New American Funding is a reputable mortgage lender with a significant presence in Southern California, including service to Beverly Hills. They are recognized for their diverse loan programs, especially jumbo and conventional loans suited for high-value properties. The company emphasizes customer education and offers competitive rates, with a commitment to serving all communities. Their high ratings and positive feedback reflect their dedication to client satisfaction and ability to navigate the unique demands of the Beverly Hills real estate market.
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Frequently Asked Questions
Common questions about mortgage lending in Beverly Hills, CA
What are the typical down payment requirements for a luxury home in Beverly Hills?
For Beverly Hills' luxury market, down payments are often higher than national averages. While conventional loans may require 20%, jumbo loans (common for properties over $1.5 million) typically require 20-30% down, and some lenders may require up to 40% for ultra-high-value properties exceeding $3 million due to the specialized nature of these loans.
Are there any special mortgage programs for first-time homebuyers in Beverly Hills?
While Beverly Hills itself doesn't offer specific first-time buyer programs, California's CalHFA programs are available to eligible buyers. However, given Beverly Hills' high property values, these programs may have limited applicability, and many buyers instead utilize bank statement loans or asset depletion loans that are common in luxury markets.
How do Beverly Hills property taxes affect mortgage qualification?
Beverly Hills property taxes are approximately 1.25% of the purchase price plus additional voter-approved bonds, making effective tax rates around 1.3-1.4%. Lenders factor these higher taxes into your debt-to-income ratio, which can significantly impact how much home you can qualify for compared to other California markets with lower tax rates.
What types of non-traditional income documentation are accepted for Beverly Hills luxury mortgages?
Given Beverly Hills' concentration of entrepreneurs, entertainers, and business owners, lenders commonly accept bank statement programs (12-24 months of personal/business statements), asset depletion loans (using liquid assets to qualify), and profit-and-loss statements for self-employed borrowers, which are particularly important in this market where traditional W-2 income is less common.
How do jumbo loan rates in Beverly Hills compare to conventional rates?
Jumbo loan rates in Beverly Hills are typically very competitive with conventional conforming rates, and sometimes even lower, due to the high concentration of wealthy borrowers and strong competition among lenders seeking to serve this premium market. However, these rates can vary significantly based on loan size, with larger loans ($3M+) often commanding the best rates.
Nearby Cities
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Why Choose a Mortgage Lender in Beverly Hills?
Local Market Knowledge
Lenders who understand Beverly Hills's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in California.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Beverly Hills and get competitive rates on your home loan.