The Best Mortgage Lenders in Chatsworth, CA
Compare verified mortgage lenders serving Chatsworth, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Chatsworth
Featured Mortgage Lenders
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a highly-rated mortgage lender known for its competitive rates and exceptional customer service in the Southern California region. With over 15 years of experience, they specialize in a wide range of loan products, including government-backed options, and have a strong local presence through their Woodland Hills office, which conveniently serves Chatsworth residents. Their commitment to transparency and personalized guidance has earned them numerous positive reviews for making the home financing process smooth and accessible.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender with a reputation for excellence in customer satisfaction and diverse loan offerings. Founded over two decades ago, they have built a strong network of loan officers serving the Chatsworth area, providing tailored solutions like FHA and VA loans. Their high rating and substantial review count reflect their reliability, competitive rates, and community-focused approach, making them a trusted choice for homebuyers in the region.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage LLC
CrossCountry Mortgage is a well-established lender with over 20 years of experience, offering comprehensive mortgage services and personalized support to clients in Chatsworth and the broader Los Angeles area. Known for their competitive rates and wide array of loan options, including jumbo and refinance products, they have earned high ratings for their responsive customer service and local expertise. Their Encino office provides convenient access for residents, backed by a solid track record of successful home financings.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Chatsworth, CA
What are the current mortgage rates like in Chatsworth, CA compared to the national average?
Mortgage rates in Chatsworth typically run slightly higher than national averages due to California's higher cost of living and competitive housing market. Currently, rates for 30-year fixed mortgages in Chatsworth range between 6.5-7.0%, though this varies by lender and borrower qualifications. It's important to shop multiple local lenders as rates can differ significantly even within the same city.
Are there any special first-time homebuyer programs available specifically for Chatsworth residents?
Yes, Chatsworth homebuyers can access several California-specific programs including the CalHFA Conventional Loan and CalPLUS FHA loan programs, which offer down payment assistance and competitive rates. Additionally, the City of Los Angeles offers its own Home Ownership Program for moderate-income buyers. These programs are particularly valuable in Chatsworth's competitive market where median home prices exceed $800,000.
How does Chatsworth's location in a high-fire-risk area affect mortgage requirements?
Due to Chatsworth's designation as a high-fire-risk area, some lenders may require additional insurance coverage, particularly if the property is in the Wildland-Urban Interface. You'll typically need comprehensive fire insurance, and in some cases, FAIR Plan coverage if standard insurance isn't available. This can slightly increase your monthly housing costs but generally doesn't affect mortgage approval itself.
What loan amount can I typically qualify for given Chatsworth's housing prices?
Given Chatsworth's median home price of approximately $850,000, most buyers qualify for jumbo loans which typically require higher credit scores (700+) and larger down payments (10-20%). Conventional conforming loans cap at $1,089,300 in Los Angeles County for 2024, which covers many Chatsworth properties but may require jumbo financing for higher-end homes in the area.
Are there any local credit unions or banks in Chatsworth that offer competitive mortgage products?
Yes, several local financial institutions including Logix Federal Credit Union and First Entertainment Credit Union offer competitive mortgage products specifically tailored to Southern California buyers. These local lenders often have better understanding of Chatsworth's unique market conditions and may offer more flexible underwriting for properties in the area compared to national banks.
Nearby Cities
Explore mortgage lenders in cities near Chatsworth, CA
Why Choose a Mortgage Lender in Chatsworth?
Local Market Knowledge
Lenders who understand Chatsworth'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 Chatsworth and get competitive rates on your home loan.