The Best Mortgage Lenders in Los Angeles, CA
Compare verified mortgage lenders serving Los Angeles, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Los Angeles
Featured Mortgage Lenders
Shashank Shekhar
Arcus Lending
Arcus Lending is consistently ranked among the top mortgage lenders in Los Angeles, with founder Shashank Shekhar being recognized as one of the nation's top loan officers. The company specializes in complex loan scenarios and offers highly competitive rates. With over 450 excellent reviews, they're praised for their transparent process, exceptional communication, and ability to close loans quickly. Their team has extensive experience with Los Angeles' diverse real estate market and offers personalized service for both purchase and refinance transactions.
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Rick Soukoulis
Newton Loan Corporation
Newton Loan Corporation has been serving Southern California homebuyers for over two decades, with founder Rick Soukoulis bringing 25 years of mortgage expertise. Located in Pasadena, they serve the entire Los Angeles metropolitan area and are particularly known for their expertise in jumbo loans and complex financing scenarios. They maintain a 4.8-star rating across multiple review platforms and are celebrated for their competitive rates, thorough guidance through the loan process, and exceptional customer service. Their deep understanding of Los Angeles' unique real estate market makes them a top choice.
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Jason Kavanagh
Proper Rate
Proper Rate has built an outstanding reputation in the Los Angeles mortgage market with hundreds of 5-star reviews praising their efficiency, communication, and competitive rates. Founder Jason Kavanagh and his team specialize in making the mortgage process straightforward and stress-free. They're particularly strong with first-time homebuyers and offer a wide range of loan products tailored to Southern California's diverse housing market. Their transparent approach and commitment to finding the best possible terms for each client have made them one of the most recommended mortgage brokers in the LA area.
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Frequently Asked Questions
Common questions about mortgage lending in Los Angeles, CA
What are the current mortgage rates like in Los Angeles compared to the national average?
Mortgage rates in Los Angeles are typically very close to the national average, as they are driven by broader economic factors. However, due to the high loan amounts common in the LA market, even a small difference in the rate can have a significant impact on your monthly payment, making it crucial to shop around with local lenders.
Are there any special first-time homebuyer programs available specifically for Los Angeles?
Yes, the City of Los Angeles offers the Home Ownership Program (HOP), which provides deferred-payment, low-interest loans to assist with down payment and closing costs. Eligibility is based on income and the purchase price of the home, and it's designed to help moderate-income buyers navigate the city's expensive housing market.
How does the high cost of homes in Los Angeles affect the type of loan I should get?
Given the high median home price, most buyers in Los Angeles will need a jumbo loan, which exceeds the conforming loan limits set by Fannie Mae and Freddie Mac. Jumbo loans often have slightly higher interest rates and stricter credit and reserve requirements, so it's important to work with a lender experienced in this specific loan product.
What is a "Mello-Roos" tax and how could it affect my mortgage in Los Angeles?
A Mello-Roos tax is a special assessment levied on properties within certain Community Facilities Districts (CFDs) to fund public infrastructure and services. This tax is in addition to your standard property tax and can significantly increase your monthly housing costs, which lenders will factor into your debt-to-income ratio during the mortgage qualification process.
How competitive is the mortgage pre-approval process in Los Angeles's real estate market?
In Los Angeles's highly competitive housing market, a strong pre-approval is essential. Sellers often receive multiple offers, and a robust pre-approval from a reputable, local lender—sometimes even including underwriting pre-clearance—can make your offer stand out. It demonstrates you are a serious and qualified buyer who can close quickly.
Why Choose a Mortgage Lender in Los Angeles?
Local Market Knowledge
Lenders who understand Los Angeles'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 Los Angeles and get competitive rates on your home loan.