The Best Mortgage Lenders in Exeter, CA
Compare verified mortgage lenders serving Exeter, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Exeter
Featured Mortgage Lenders
Central Valley Community Bank Mortgage Team
Central Valley Community Bank
As a longstanding community bank deeply rooted in the Central Valley, Central Valley Community Bank has served Exeter and surrounding Tulare County communities for over four decades. They are particularly praised for their personalized service and local decision-making capabilities. Their mortgage team specializes in agricultural and rural property financing, making them an excellent choice for Exeter residents. Customers consistently highlight their competitive rates, transparent process, and knowledgeable loan officers who understand the unique needs of the Exeter market.
Loan Types:
Golden 1 Credit Union Mortgage Services
Golden 1 Credit Union
As California's largest credit union, Golden 1 has a strong presence throughout the Central Valley including Exeter. They are renowned for offering highly competitive mortgage rates to members and maintaining exceptional customer service standards. Their digital mortgage application process is particularly user-friendly while still providing access to local mortgage specialists. Golden 1 receives consistent praise for their low fees, member-focused approach, and expertise with California-specific housing programs that benefit Exeter homebuyers.
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Guild Mortgage Company - Central Valley Division
Guild Mortgage Company
Guild Mortgage maintains a strong Central Valley presence with dedicated loan officers serving Exeter and surrounding communities. As a nationwide lender with deep local roots, they offer the best of both worlds - extensive loan product options combined with personalized local service. They are particularly noted for their expertise with government-backed loans (FHA/VA) and their innovative portfolio lending programs. Guild receives high marks for their responsive communication, efficient closing processes, and ability to handle complex financing scenarios common in rural areas like Exeter.
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Frequently Asked Questions
Common questions about mortgage lending in Exeter, CA
What are the current mortgage rates like for homes in Exeter, CA?
Mortgage rates in Exeter typically align with national averages but can be slightly influenced by the local market's competitiveness and the Central Valley's economic conditions. As of late 2023, rates for a 30-year fixed mortgage in the area generally range from the mid-6% to low-7% range, but it's crucial to shop around with local lenders who understand Exeter's specific market dynamics for the most accurate and competitive offers.
Are there any first-time homebuyer programs specific to Exeter that can help with a down payment?
Yes, Exeter homebuyers can utilize statewide programs like the CalHFA Zero Interest Program (ZIP) or the MyHome Assistance Program, which offer deferred-payment loans for down payment and closing cost assistance. These programs are accessible in Exeter and are particularly beneficial given the area's more moderate home prices compared to coastal California, making homeownership more achievable for qualified first-time buyers.
How does Exeter's agricultural economy impact mortgage lending and appraisals?
Exeter's strong agricultural base can influence appraisals, as properties with acreage or proximity to working farms are common. Lenders may require specialized appraisals that accurately value land based on its agricultural potential or water rights, which can differ from standard residential valuations. It's important to work with a lender experienced in Tulare County's unique property types to ensure a smooth process.
What is the typical down payment required for a home in Exeter?
While 20% down is ideal to avoid private mortgage insurance (PMI), many Exeter buyers successfully purchase homes with down payments as low as 3-5% through conventional loans or 3.5% with an FHA loan. Given Exeter's relatively affordable housing market compared to much of California, a lower down payment is often a realistic goal for many local buyers, especially when combined with state assistance programs.
Are there any local property tax considerations in Exeter that affect my mortgage payment?
Yes, property taxes in Exeter are governed by Proposition 13, which bases your tax on the purchase price rather than the current market value. Your lender will calculate an estimate for property taxes (typically around 1.1-1.25% of the home's purchase price annually) and include it in your monthly escrow payment. This provides payment stability, which is a key advantage for long-term budgeting in Exeter's real estate market.
Why Choose a Mortgage Lender in Exeter?
Local Market Knowledge
Lenders who understand Exeter'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 Exeter and get competitive rates on your home loan.