The Best Mortgage Lenders in Hilmar, CA
Compare verified mortgage lenders serving Hilmar, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hilmar
Featured Mortgage Lenders
Golden 1 Credit Union
Golden 1 Credit Union
As California's largest credit union, Golden 1 has served the Central Valley including Hilmar for decades with exceptional mortgage services. They consistently earn top ratings for their competitive rates, personalized service, and deep community involvement. Their local Turlock branch provides convenient access for Hilmar residents, offering a full range of mortgage products with the benefits of credit union membership including lower fees and member-focused service.
Loan Types:
Lenox Financial Mortgage Corporation
Lenox Financial Mortgage Corporation
This highly-rated local mortgage broker has served the Hilmar and greater Stanislaus County area for over two decades. They specialize in finding the best mortgage solutions for Central Valley homebuyers, with particular expertise in agricultural community lending. Their 4.9-star rating reflects exceptional customer service, fast closings, and their ability to secure competitive rates through their extensive lender network.
Loan Types:
Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage is a nationally recognized lender with strong local presence in the Central Valley, serving Hilmar residents through their Modesto branch. With over six decades of experience, they offer a comprehensive range of mortgage products and are particularly known for their first-time homebuyer programs and government-backed loans. Their local loan officers have deep knowledge of the Hilmar market and provide personalized service throughout the lending process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hilmar, CA
What are the current mortgage rates like in Hilmar, CA?
Mortgage rates in Hilmar typically align with national averages, but local lenders may offer competitive rates for this agricultural community. Currently, rates range from 6.5% to 7.5% for 30-year fixed mortgages, with variations based on credit score and loan type. It's wise to compare offers from both local Hilmar credit unions and larger regional banks for the best terms.
Are there any first-time homebuyer programs specific to Hilmar?
Yes, Hilmar homebuyers can access Merced County's First-Time Homebuyer Program, which offers down payment assistance and favorable loan terms. Additionally, the California Housing Finance Agency's CalHFA programs are widely available in Hilmar, providing low-interest loans and assistance with down payments for qualifying buyers in this moderate-income community.
How does Hilmar's agricultural setting affect mortgage lending?
Hilmar's location in an agricultural zone can impact lending through property type considerations and income verification. Lenders may require additional documentation for buyers whose income comes from farming or agricultural work. Properties with larger lots or agricultural easements may have different appraisal requirements than standard residential properties in urban areas.
What are the typical down payment requirements for Hilmar homes?
Down payment requirements in Hilmar range from 3% for conventional loans to 3.5% for FHA loans, similar to national standards. However, given Hilmar's relatively affordable housing market compared to other California cities, many buyers find they can manage the down payment more easily. Local lenders often work with buyers to explore down payment assistance options specific to Merced County.
How do property taxes work for Hilmar home purchases?
Hilmar property taxes are based on Merced County's tax rate, typically around 1% of the purchase price plus additional local assessments. Under Proposition 13, your tax base is established at purchase and can only increase by up to 2% annually. New homeowners should budget for these taxes, which are generally lower than many other California communities but still represent a significant ongoing cost.
Why Choose a Mortgage Lender in Hilmar?
Local Market Knowledge
Lenders who understand Hilmar'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 Hilmar and get competitive rates on your home loan.