The Best Mortgage Lenders in Bloomington, CA
Compare verified mortgage lenders serving Bloomington, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bloomington
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC - Fontana Branch
CrossCountry Mortgage has established itself as one of the top mortgage lenders serving the Inland Empire region including Bloomington. With their nearby Fontana branch, they offer personalized service and competitive rates. They specialize in first-time homebuyer programs and have extensive experience with FHA and VA loans, which are popular in the Bloomington area. Their high rating reflects exceptional customer service and efficient loan processing.
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Mission Hills Mortgage
Mission Hills Mortgage
Mission Hills Mortgage is a highly-rated local mortgage broker serving Bloomington and the greater Inland Empire. They have built a strong reputation for providing competitive rates and excellent customer service. Their team has deep knowledge of the local real estate market and offers a wide range of loan products with personalized guidance throughout the entire mortgage process.
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Altura Credit Union
Altura Credit Union Mortgage Department
As one of the largest credit unions in the Inland Empire, Altura Credit Union has been serving Bloomington residents for decades. They offer competitive mortgage rates and exceptional member service. Their mortgage specialists provide personalized guidance and they have particularly strong first-time homebuyer programs. Being a credit union, they often provide better rates and lower fees than traditional banks while maintaining strong local community ties.
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Frequently Asked Questions
Common questions about mortgage lending in Bloomington, CA
What are the current mortgage rates like for homes in Bloomington, CA?
Mortgage rates in Bloomington typically align with national averages but can be influenced by local factors like the area's moderate housing demand and proximity to the Inland Empire's larger market. As of recent trends, rates for 30-year fixed mortgages in San Bernardino County generally range from the mid-6% to low-7% APR, but it's best to check with local lenders for the most current quotes specific to Bloomington properties.
Are there any first-time homebuyer programs specifically available in Bloomington?
Yes, Bloomington homebuyers can access several California state programs like the CalHFA FHA loan with down payment assistance, which is popular in more affordable Inland Empire communities. Additionally, San Bernardino County offers its own Mortgage Credit Certificate (MCC) program that provides a federal tax credit to qualified first-time buyers purchasing in Bloomington, helping reduce overall housing costs.
How does Bloomington's location in the Inland Empire affect mortgage lending requirements?
Being part of the Inland Empire, Bloomington is considered part of the Los Angeles-Long Beach-Anaheim MSA for lending purposes, which means lenders may apply slightly different underwriting standards compared to rural areas. Properties in Bloomington typically require standard appraisals and inspections, with lenders paying attention to local market trends including the area's steady appreciation and proximity to major employment centers.
What types of properties in Bloomington might have special mortgage considerations?
Bloomington has a mix of single-family homes and some manufactured homes, which may require specialized financing. Additionally, some older properties in the area might need FHA 203(k) renovation loans if they require updates. Lenders will pay particular attention to any properties near the Santa Ana River wash areas for flood insurance requirements.
Are there any local down payment assistance programs for Bloomington homebuyers?
While Bloomington itself doesn't offer city-specific programs, homebuyers can utilize San Bernardino County's down payment assistance programs and the statewide CalHFA programs. These can provide up to 3-3.5% of the purchase price in down payment assistance for qualified buyers, which is particularly helpful in Bloomington's competitive starter home market.
Why Choose a Mortgage Lender in Bloomington?
Local Market Knowledge
Lenders who understand Bloomington'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 Bloomington and get competitive rates on your home loan.