The Best Mortgage Lenders in Inglewood, CA
Compare verified mortgage lenders serving Inglewood, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Inglewood
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a top-rated direct mortgage lender with a strong Southern California presence and excellent service in the Inglewood area. They are particularly noted for their diverse loan programs including specialized options for minority homebuyers and first-time buyers. With their local Hawthorne office serving the South Bay region, they offer personalized service and competitive rates. Their high customer satisfaction ratings stem from efficient processing, transparent communication, and extensive educational resources for borrowers throughout the home buying journey.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage has been serving California homeowners for over six decades with multiple branches throughout Los Angeles County. They are particularly strong in FHA and VA lending, making them an excellent choice for first-time buyers and military families in Inglewood. Their local loan officers have deep knowledge of the South Bay real estate market and provide exceptional guidance through the entire mortgage process. Guild is known for their commitment to community lending and offers a wide variety of loan products with competitive terms and rates.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as a premier mortgage lender in the Greater Los Angeles area with strong service capabilities in Inglewood and surrounding communities. They are particularly noted for their construction lending expertise and jumbo loan programs, which are valuable in the competitive Southern California market. Their Santa Monica location provides convenient access for South Bay clients, and they are recognized for their responsive customer service and streamlined digital mortgage experience. The company maintains high standards for rate competitiveness and closing efficiency.
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Frequently Asked Questions
Common questions about mortgage lending in Inglewood, CA
What are the current mortgage rates like for homes in Inglewood, CA?
Mortgage rates in Inglewood are generally competitive with Los Angeles County averages, typically ranging from the mid-6% to low-7% for 30-year fixed loans as of 2024. However, rates can vary based on your credit score, loan type, and specific lender. It's wise to compare offers from both local credit unions and national lenders serving the Inglewood area.
Are there any first-time homebuyer programs specifically for Inglewood residents?
Yes, Inglewood homebuyers can access several programs including the CalHFA conventional loan with down payment assistance and the City of Inglewood's own Homebuyer Assistance Program, which provides deferred-payment loans for down payment and closing costs. These programs are particularly valuable given Inglewood's rising home prices and competitive market conditions.
How does the SoFi Stadium and related development affect mortgage lending in Inglewood?
The stadium development has increased property values and lender interest in Inglewood, making it easier to secure financing for area properties. However, lenders may require additional documentation about property condition and may be more cautious about homes in immediate proximity to major event venues due to noise and traffic considerations that could affect resale value.
What special considerations should I know about when getting a mortgage for Inglewood's older homes?
Many Inglewood homes built before 1978 may require additional inspections for lead-based paint, and lenders often mandate thorough foundation and roof inspections given the area's older housing stock. FHA 203(k) renovation loans are popular here for buyers purchasing homes that need updates or repairs common in Inglewood's historic neighborhoods.
Are there any local property tax considerations that affect mortgage payments in Inglewood?
Inglewood homeowners should be aware of Proposition 13, which limits property tax increases, but new buyers will pay taxes based on their purchase price. Additionally, several Mello-Roos communities and infrastructure districts in newer developments may add supplemental taxes that increase your monthly mortgage payment, so it's crucial to review these details during escrow.
Nearby Cities
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Why Choose a Mortgage Lender in Inglewood?
Local Market Knowledge
Lenders who understand Inglewood'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 Inglewood and get competitive rates on your home loan.