The Best Mortgage Lenders in Costa Mesa, CA
Compare verified mortgage lenders serving Costa Mesa, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Costa Mesa
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC - Costa Mesa
CrossCountry Mortgage's Costa Mesa branch stands out as one of the highest-rated mortgage lenders in Orange County, with exceptional customer satisfaction ratings across multiple review platforms. They offer personalized service with a wide range of loan products and are particularly noted for their expertise in jumbo loans and first-time homebuyer programs. Their local team has deep knowledge of the Costa Mesa and Orange County housing markets, providing competitive rates and streamlined processing.
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Guild Mortgage Company
Guild Mortgage Company - Costa Mesa
Guild Mortgage has been serving California homebuyers for over six decades and maintains a strong presence in Costa Mesa with excellent customer reviews. They are particularly recognized for their extensive government loan programs and renovation financing options. The Costa Mesa branch receives consistent praise for their responsive service, local market expertise, and ability to handle complex loan scenarios. Their long-standing reputation and A+ rating with the Better Business Bureau make them a trusted choice.
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New American Funding
New American Funding - Orange County
While headquartered in Tustin (adjacent to Costa Mesa), New American Funding serves the entire Orange County area with exceptional ratings and comprehensive mortgage services. They are particularly noted for their diverse loan programs and strong focus on community lending initiatives. The company receives consistently high marks for their competitive rates, efficient processing, and extensive down payment assistance programs. Their local presence and deep understanding of the Southern California market make them a top choice for Costa Mesa homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Costa Mesa, CA
What are the current mortgage rates like for homebuyers in Costa Mesa, CA?
Mortgage rates in Costa Mesa are typically competitive with national averages but can be influenced by the high demand in Orange County's housing market. As of late 2023, rates for a 30-year fixed mortgage generally range from the mid-6% to low-7% range, but it's essential to shop around with local lenders who understand the competitive Costa Mesa market. Your specific rate will depend on your credit score, loan type, and down payment amount.
Are there any special first-time homebuyer programs available specifically for Costa Mesa residents?
While there aren't city-specific first-time homebuyer programs, Costa Mesa buyers can access several California state programs like the CalHFA Conventional or FHA loans with down payment assistance. Additionally, Orange County's Housing and Community Development department offers programs that Costa Mesa residents may qualify for, providing help with down payments and closing costs for eligible buyers.
How does Costa Mesa's competitive housing market affect the mortgage pre-approval process?
Given Costa Mesa's highly competitive real estate market where multiple offers are common, having a strong pre-approval from a reputable local lender is crucial. Sellers often prefer buyers who use lenders familiar with Orange County's fast-paced transactions. Consider getting an underwriter pre-approval rather than just a basic pre-qualification to strengthen your offer in this competitive market.
What unique closing costs should I expect when getting a mortgage in Costa Mesa?
Beyond standard closing costs, Costa Mesa homebuyers should budget for Orange County-specific expenses including higher transfer taxes, Mello-Roos fees (common in newer developments like some areas near South Coast Plaza), and potentially higher title insurance costs due to the region's premium real estate values. These additional costs can add 1-2% to your total closing expenses compared to national averages.
Are jumbo loans common in Costa Mesa, and what are the requirements?
Yes, jumbo loans are very common in Costa Mesa given the city's median home prices typically exceed conventional loan limits. For 2024, the conventional loan limit in Orange County is $1,149,825, so any loan above this requires a jumbo mortgage. Costa Mesa jumbo loans often require higher credit scores (typically 700+), larger down payments (15-20% minimum), and more extensive reserve requirements than conventional loans.
Nearby Cities
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Why Choose a Mortgage Lender in Costa Mesa?
Local Market Knowledge
Lenders who understand Costa Mesa'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 Costa Mesa and get competitive rates on your home loan.