The Best Mortgage Lenders in Burney, CA
Compare verified mortgage lenders serving Burney, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burney
Featured Mortgage Lenders
Michael McAuliff
North Valley Home Loans
North Valley Home Loans is a highly-rated local mortgage brokerage serving Burney and the greater Shasta County region. Michael McAuliff and his team have built an exceptional reputation for personalized service and competitive rates. They specialize in helping rural homebuyers navigate USDA loans, which are particularly relevant for Burney properties. With over 15 years of experience and hundreds of 5-star reviews, they're known for their deep knowledge of Northern California real estate markets and commitment to making the mortgage process smooth and transparent for buyers in smaller communities.
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Member Services
Sierra Central Credit Union
Sierra Central Credit Union has been serving Northern California communities for over 70 years and is a trusted mortgage lender for Burney residents. As a member-owned financial institution, they offer competitive rates and personalized service. Their mortgage team has extensive experience with rural properties and offers specialized guidance for Shasta County home purchases. With multiple branches throughout the region and a strong commitment to local communities, they provide the stability of an established financial institution combined with the personal attention of a local lender.
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Redding Branch
Guild Mortgage
Guild Mortgage's Redding branch has been serving Burney and surrounding communities for decades with a strong reputation for reliable mortgage services. As a nationwide lender with deep local roots, they offer the resources of a large company while maintaining personalized service. Their experienced loan officers specialize in Northern California properties and understand the unique aspects of rural home financing. Guild is particularly noted for their excellent customer service throughout the loan process and their ability to close loans efficiently, making them a popular choice for both first-time and experienced homebuyers in the Burney area.
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Frequently Asked Questions
Common questions about mortgage lending in Burney, CA
What are the current mortgage rates like in Burney, CA?
Mortgage rates in Burney typically align with national averages, but local lenders may offer competitive rates for this rural market. Currently, rates range from 6.5% to 7.5% for 30-year fixed mortgages, though individual rates depend on credit score and down payment. Working with a local lender familiar with Shasta County can help you secure the best available rate.
Are there any special mortgage programs for first-time homebuyers in Burney?
Yes, the California Housing Finance Agency (CalHFA) offers several first-time homebuyer programs accessible to Burney residents, including down payment assistance and low-interest loans. Additionally, some local lenders may offer special programs for buyers in rural Shasta County. These programs can be particularly helpful given Burney's relatively affordable housing market compared to other California regions.
How does Burney's rural location affect the mortgage process?
Burney's rural status can impact appraisals since comparable properties may be limited, potentially requiring appraisers to look at broader geographic areas. Some lenders may have specific requirements for rural properties, particularly regarding well and septic systems. However, USDA loans are widely available in Burney, offering 100% financing options for qualified buyers in this designated rural area.
What should I know about property taxes when getting a mortgage in Burney?
Shasta County property taxes in Burney typically range from 1% to 1.25% of the assessed value, which is relatively standard for California. Under Proposition 13, your tax base is established at purchase price and increases slowly over time. When calculating your mortgage payment, lenders will include these property taxes in your monthly escrow payment.
Are there any local down payment assistance programs specific to Burney homebuyers?
While Burney itself doesn't have city-specific programs, Shasta County offers down payment assistance through various housing initiatives. The Rural California Housing Corporation also serves the area with affordable housing programs. Many Burney buyers successfully utilize CalHFA's MyHome Assistance Program, which provides up to 3.5% of the purchase price for down payment and closing costs.
Nearby Cities
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Why Choose a Mortgage Lender in Burney?
Local Market Knowledge
Lenders who understand Burney'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 Burney and get competitive rates on your home loan.