The Best Mortgage Lenders in Huntington Park, CA
Compare verified mortgage lenders serving Huntington Park, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntington Park
Featured Mortgage Lenders
Miguel Sanchez
Golden Empire Mortgage, Inc.
Golden Empire Mortgage has been serving Southern California communities including Huntington Park for over 25 years. They maintain exceptional 4.8-star ratings across multiple platforms with particular strength in FHA and first-time homebuyer programs. Their Downey location provides convenient local service for Huntington Park residents, and they're known for personalized attention and competitive rate offerings. The company is fully licensed and has built a strong reputation for guiding clients through complex loan scenarios with expertise.
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Maria Rodriguez
Guild Mortgage Company
Guild Mortgage's East Los Angeles branch serves Huntington Park with exceptional local expertise and consistently high customer satisfaction ratings. With over 60 years in business nationally and strong local presence, they offer comprehensive mortgage solutions including specialized programs for diverse borrowers. Their bilingual staff and community-focused approach make them particularly well-suited for Huntington Park's demographic. They're recognized for efficient processing and competitive conventional and government loan options.
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Carlos Mendez
Paramount Residential Mortgage Group (PRMG)
PRMG's Downey location provides expert mortgage services to Huntington Park homebuyers with particular strength in non-traditional loan scenarios and investment properties. With over 20 years in business and strong regional presence, they offer innovative lending solutions and competitive rates. Their local team has deep knowledge of the Huntington Park market and maintains excellent customer service ratings. They're especially noted for handling complex financial situations and providing flexible underwriting approaches.
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Frequently Asked Questions
Common questions about mortgage lending in Huntington Park, CA
What are the current mortgage rates like for homes in Huntington Park, CA?
Mortgage rates in Huntington Park are generally competitive with Los Angeles County averages, typically ranging from 6.5% to 7.5% for conventional 30-year fixed loans as of 2024. However, rates can vary based on credit score, loan type, and lender, with local credit unions sometimes offering slightly better terms. It's wise to compare rates from multiple Huntington Park-area lenders since even small differences can significantly impact your monthly payment in this market.
Are there any first-time homebuyer programs specifically available in Huntington Park?
Yes, Huntington Park homebuyers can access several California-first-time homebuyer programs like the CalHFA FHA loan with down payment assistance. Additionally, the City of Huntington Park occasionally offers local assistance programs through its Community Development Department. These programs can provide down payment help or favorable loan terms specifically for low-to-moderate income buyers purchasing within city limits.
How does Huntington Park's proximity to industrial areas affect mortgage lending requirements?
Some lenders may require additional environmental assessments or have specific requirements for properties located near Huntington Park's industrial corridors. This is particularly relevant for homes close to the manufacturing districts along Santa Fe Avenue. While this doesn't typically prevent financing, it may require additional documentation and could slightly impact property appraisal values in certain locations.
What type of down payment is typically needed for Huntington Park's median-priced homes?
For Huntington Park's median home price of approximately $600,000, conventional loans typically require 10-20% down ($60,000-$120,000), though FHA loans can require as little as 3.5% down ($21,000). Given the competitive market, buyers who can offer larger down payments often have stronger offers. Local lenders can help you explore down payment assistance programs to reduce this initial cash requirement.
Are there special considerations for multi-unit properties in Huntington Park given the high density?
Yes, Huntington Park's many duplexes and multi-unit properties have specific lending considerations. Lenders typically require higher down payments (15-25%) for investment properties and will closely scrutinize rental income potential. For owner-occupied 2-4 unit properties, you may qualify for more favorable terms, but you'll need to provide documentation of existing rental agreements and market rent analysis for the area.
Why Choose a Mortgage Lender in Huntington Park?
Local Market Knowledge
Lenders who understand Huntington Park'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 Huntington Park and get competitive rates on your home loan.