The Best Mortgage Lenders in Clio, CA
Compare verified mortgage lenders serving Clio, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clio
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender known for its competitive rates, efficient online application process, and exceptional customer service. With over two decades of experience, they offer a wide range of loan products and have a strong presence in California, including service to Clio. Their high customer satisfaction scores and accreditation with the Better Business Bureau make them a reliable choice for homebuyers seeking transparency and speed in mortgage lending.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly reputable lender with a strong regional presence in Northern California, serving areas like Clio. They are praised for their personalized service, extensive loan options, and competitive rates. Founded in 2003, they have built a track record of reliability and customer satisfaction, with numerous positive reviews highlighting their responsive loan officers and smooth closing processes. Their commitment to community involvement and ethical lending practices further solidifies their position as a top choice.
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New American Funding
New American Funding
New American Funding is a leading mortgage lender headquartered in California, offering comprehensive services to borrowers in Clio and across the state. With a focus on diversity and inclusion, they provide tailored solutions for various financial backgrounds, including first-time homebuyers and those with unique credit situations. Their high ratings stem from competitive rates, efficient processing, and a dedicated support team. As a family-owned business with over 20 years of experience, they emphasize trust and long-term customer relationships.
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Frequently Asked Questions
Common questions about mortgage lending in Clio, CA
What are the current mortgage rates like in Clio, CA?
Mortgage rates in Clio typically align with national averages but can be slightly higher due to the rural nature of Plumas County and limited local lender competition. As of 2024, rates for 30-year fixed mortgages in the area generally range from 6.5% to 7.25%, though this varies by lender, loan type, and borrower qualifications. Working with a mortgage broker who understands the rural California market can help you secure competitive rates.
Are there any special loan programs for first-time homebuyers in Clico?
Yes, Clio homebuyers can access California Housing Finance Agency (CalHFA) programs like the MyHome Assistance Program, which provides down payment assistance. Additionally, Plumas County may offer local assistance programs for moderate-income buyers. These programs are particularly valuable in Clio where median home prices are lower than state averages but still challenging for first-time buyers.
How does Clio's rural location affect the mortgage process?
Clio's rural status can impact appraisals since comparable home sales may be limited, potentially requiring appraisers to look at properties in surrounding communities like Graeagle or Blairsden. Some lenders may have stricter requirements for rural properties, particularly if the home is on well and septic systems. Working with lenders experienced in rural Plumas County properties can streamline this process.
What types of properties typically require special financing considerations in Clio?
Properties with land (often 1+ acres), cabins, vacation homes, and homes with alternative heating systems like wood stoves may require special underwriting in Clio. Lenders may have additional requirements for properties considered "non-warrantable" or located in high-fire risk areas, which is common in this Sierra Nevada region. Jumbo loans might be needed for higher-value mountain properties.
Are USDA loans available in Clio, and who qualifies?
Yes, Clio's rural designation makes most of the area eligible for USDA loans, which offer 100% financing with no down payment. Income limits apply based on Plumas County median income, and the property must meet USDA eligibility requirements. This can be an excellent option for moderate-income buyers looking to purchase in Clio's more affordable housing market compared to urban California areas.
Why Choose a Mortgage Lender in Clio?
Local Market Knowledge
Lenders who understand Clio'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 Clio and get competitive rates on your home loan.