The Best Mortgage Lenders in Calabasas, CA
Compare verified mortgage lenders serving Calabasas, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Calabasas
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with nearly three decades of experience, consistently earning top ratings for exceptional customer service and competitive rates. They specialize in a wide array of loan products, including jumbo loans suited for high-value areas like Calabasas. Known for personalized service, local expertise, and efficient loan processing, they have a strong presence in the Greater Los Angeles area and are praised for their reliability and community involvement.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender renowned for its innovative technology and diverse loan options, particularly in high-cost markets like Calabasas. Founded in 2003, they have built a strong reputation for assisting borrowers with unique financial situations and offering competitive jumbo loans. Their local office in Woodland Hills provides personalized service, fast closings, and a commitment to customer satisfaction, backed by numerous positive reviews for their responsiveness and expertise.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a well-established lender with over two decades of experience, offering a comprehensive range of mortgage products tailored to the Calabasas area. They are highly rated for their customer-centric approach, efficient processing, and local market knowledge. Specializing in both purchase and refinance loans, including jumbo and government-backed options, they have a strong track record of helping clients navigate complex financing scenarios with reliability and professionalism.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Calabasas, CA
What are the current mortgage rates like in Calabasas, and how do they compare to the national average?
Mortgage rates in Calabasas are typically very competitive with national averages, but can sometimes be slightly higher for jumbo loans due to the high home values in the area. It's crucial to work with a lender experienced in the Calabasas market, as they can often secure favorable terms on these larger loan amounts. Rates can also vary based on your specific financial profile and the lender you choose.
Are there any special loan programs for first-time homebuyers in Calabasas?
While Calabasas itself does not offer a city-specific first-time homebuyer program, buyers can utilize statewide programs like the CalHFA FHA or CalPLUS Conventional loans. These programs offer low down payment options and potential assistance with closing costs. Given Calabasas's high prices, these programs can be particularly helpful, but income limits may apply.
How does the high cost of homes in Calabasas affect the type of mortgage I'll need?
The median home price in Calabasas far exceeds the conforming loan limits, meaning most buyers will need a jumbo loan. Jumbo loans often have stricter credit and reserve asset requirements, such as needing a higher credit score and demonstrating 6-12 months of cash reserves after closing. You'll want to ensure your lender is well-versed in jumbo lending criteria.
What local property taxes and insurance considerations should I factor into my mortgage payment in Calabasas?
Calabasas property taxes are approximately 1.1% of the purchase price, plus any voter-approved bonds and direct assessments. Furthermore, due to the area's wildfire risk, homeowners insurance—especially fire insurance—can be significantly more expensive and should be budgeted for carefully, as it will be included in your monthly escrow payment.
Is it common for sellers in Calabasas to contribute to a buyer's closing costs?
In Calabasas's competitive luxury market, seller concessions for closing costs are less common than in other areas, but they can still be negotiated, especially in a balanced or buyer's market. The maximum concession allowed is dependent on your loan type and down payment. Your real estate agent can advise on the current negotiation climate.
Nearby Cities
Explore mortgage lenders in cities near Calabasas, CA
Why Choose a Mortgage Lender in Calabasas?
Local Market Knowledge
Lenders who understand Calabasas'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 Calabasas and get competitive rates on your home loan.