The Best Mortgage Lenders in Felton, CA
Compare verified mortgage lenders serving Felton, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Felton
Featured Mortgage Lenders
Santa Cruz County Bank
Santa Cruz County Bank
Santa Cruz County Bank is a highly-rated local community bank deeply embedded in the Santa Cruz County area, including Felton. With over 20 years of service, it boasts exceptional customer satisfaction due to its personalized approach, competitive rates, and deep understanding of the local real estate market. The bank is known for its responsive customer service, flexibility in loan options, and strong community involvement, making it a top choice for homeowners in Felton seeking reliable and trustworthy mortgage solutions.
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C2 Financial Corporation
C2 Financial Corporation
C2 Financial Corporation is a nationwide mortgage broker with a strong local presence in Santa Cruz County, serving Felton with expertise and dedication. With nearly three decades of experience, they are praised for their extensive loan options, competitive rates, and highly personalized service. Their team of local brokers provides tailored advice and smooth processing, earning high marks for customer satisfaction and reliability in the Felton area.
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Bay Equity Home Loans
Bay Equity Home Loans
Bay Equity Home Loans is a regional mortgage lender with a significant footprint in Northern California, including Felton. Founded in 2007, it has built a reputation for offering competitive rates, a wide range of loan products, and exceptional customer service. Their local loan officers are skilled in navigating the unique aspects of the Santa Cruz County market, ensuring a seamless and efficient mortgage process for Felton residents, backed by strong reviews and a commitment to community support.
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Frequently Asked Questions
Common questions about mortgage lending in Felton, CA
What are the current mortgage rates like in Felton, CA compared to the national average?
Mortgage rates in Felton are generally competitive with national averages, but can be slightly influenced by the Santa Cruz County market's high demand and limited inventory. As of late 2023, rates for a 30-year fixed mortgage in Felton typically range from 6.5% to 7%, though this fluctuates with market conditions. It's wise to compare offers from both local credit unions and national lenders for the best rate.
Are there any special loan programs for first-time homebuyers in Felton?
Yes, the California Housing Finance Agency (CalHFA) offers several first-time homebuyer programs that are accessible in Felton, including down payment assistance and low-interest rate loans. Additionally, the Santa Cruz County Community Action Board may have local grants or programs. These can be particularly helpful given Felton's median home prices, which are above the national average.
How does living in a high fire risk area like Felton affect my mortgage and insurance?
Felton's designation as a high fire risk area can impact your mortgage process by requiring additional insurance coverage, such as a separate California FAIR Plan policy for fire insurance. Lenders may scrutinize properties more closely, and you might face higher insurance premiums, which should be factored into your overall housing budget. It's essential to get insurance quotes early in the homebuying process.
What types of properties are common for mortgages in Felton, and are there any unique lending considerations?
Felton features many single-family homes, often on larger, wooded lots, as well as some cabins and unique properties. Lenders may require additional inspections for older homes or those with unconventional features like septic systems and wells, which are common in the area. Ensure your lender has experience with rural and semi-rural Santa Cruz County properties to navigate these specifics smoothly.
Are there local down payment assistance programs specifically for Felton homebuyers?
While there aren't programs exclusive to Felton, Santa Cruz County offers down payment assistance through initiatives like the "Welcome Home Santa Cruz County" program, which provides deferred-payment loans to eligible buyers. CalHFA's MyHome Assistance Program is also widely used in the area, offering up to 3.5% of the purchase price for down payment or closing costs.
Nearby Cities
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Why Choose a Mortgage Lender in Felton?
Local Market Knowledge
Lenders who understand Felton'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 Felton and get competitive rates on your home loan.