The Best Mortgage Lenders in Durham, CA
Compare verified mortgage lenders serving Durham, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Durham
Featured Mortgage Lenders
Guild Mortgage - Chico
Guild Mortgage Company
Guild Mortgage's Chico branch serves the Durham area with exceptional expertise in rural and agricultural property financing. With over 60 years in business nationally and strong local presence, they specialize in USDA loans which are particularly relevant for Durham's rural community. Their team has deep knowledge of Butte County real estate markets and offers personalized service with competitive rates. Customers consistently praise their responsiveness and ability to handle complex rural property transactions efficiently.
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Tri Counties Bank
Tri Counties Bank
As a established community bank with deep roots in Northern California, Tri Counties Bank has been serving Butte County residents for nearly 50 years. They have particular expertise with agricultural and rural property financing, making them an excellent choice for Durham homebuyers. Their local loan officers understand the unique aspects of Durham's real estate market and offer competitive construction and land loans. The bank is known for its personalized service and strong community involvement throughout the region.
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CrossCountry Mortgage - Chico
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Chico office has built a strong reputation for serving the Durham and greater Butte County area with comprehensive mortgage solutions. They excel at first-time homebuyer programs and government-backed loans that are well-suited for Durham's market. Their local team provides exceptional customer service with fast turnaround times and competitive rates. The company's national presence combined with local expertise allows them to offer a wide range of loan products while maintaining personalized attention to each client's unique needs.
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Frequently Asked Questions
Common questions about mortgage lending in Durham, CA
What are the current mortgage rates like for homes in Durham, CA?
Mortgage rates in Durham are generally competitive with national averages but can be influenced by the rural nature of the area and property types. As of late 2023, rates for 30-year fixed mortgages typically range from 6.5% to 7.5%, though individual rates depend on credit score, loan type, and down payment. Working with a local lender familiar with Butte County can help you secure the best available rate.
Are there any first-time homebuyer programs specific to Durham or Butte County?
Yes, the Butte County Department of Behavioral Health offers a Down Payment Assistance Program for low-to-moderate income first-time homebuyers purchasing within the county, including Durham. Additionally, California's statewide programs like CalHFA FHA and CalPLUS are available to Durham residents, offering competitive rates and down payment assistance with specific income and purchase price limits.
How does Durham's agricultural zoning affect mortgage lending?
Many properties in Durham have agricultural zoning, which can impact mortgage options. Conventional loans may have restrictions if the property has significant acreage or income-producing agricultural use. For working farms or larger parcels, you might need a specialized agricultural loan or USDA loan, while standard residential loans typically apply to homes on smaller lots without commercial farming activity.
What special considerations should I know about when getting a mortgage for Durham's older homes?
Many homes in Durham were built in the early to mid-20th century, so mortgage lenders often require thorough inspections and may mandate repairs for health/safety issues before loan approval. An FHA 203(k) renovation loan can be particularly useful for these older properties, allowing you to finance both purchase and repairs. Be prepared for potentially higher insurance costs due to older electrical, plumbing, or roofing systems.
Are USDA loans available in Durham, and what are the benefits?
Yes, Durham qualifies for USDA rural development loans due to its designation as a rural area. These loans offer significant benefits including 100% financing (no down payment required), competitive interest rates, and more flexible credit requirements. Income limits apply, but many Durham households qualify given the area's moderate income levels compared to urban California markets.
Why Choose a Mortgage Lender in Durham?
Local Market Knowledge
Lenders who understand Durham'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 Durham and get competitive rates on your home loan.