The Best Mortgage Lenders in North Hills, CA
Compare verified mortgage lenders serving North Hills, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in North Hills
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated lender with a strong local presence in the San Fernando Valley, serving North Hills residents with exceptional customer service and a wide array of loan options. Known for competitive rates, personalized guidance, and efficient processing, they have built a reputation for reliability and high customer satisfaction. Their Woodland Hills branch ensures convenient access for face-to-face consultations and tailored mortgage solutions.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a significant footprint in Southern California, including North Hills. They are praised for their inclusive approach, offering specialized programs for diverse borrowers and achieving fast closings. With competitive rates, excellent customer support, and a commitment to community engagement, they consistently receive high marks for transparency and reliability in the home financing process.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans provides comprehensive mortgage services to the North Hills area through their Woodland Hills office, offering a variety of loan products with a focus on customer-centric solutions. Recognized for their expertise in refinancing and purchase loans, they deliver competitive rates, streamlined applications, and dedicated support. Their long-standing presence and high customer ratings reflect a commitment to integrity and successful home financing outcomes.
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Frequently Asked Questions
Common questions about mortgage lending in North Hills, CA
What are the current average mortgage rates for homebuyers in North Hills, CA?
Mortgage rates in North Hills typically align with national averages but can be slightly higher than the U.S. average due to California's higher cost of living and competitive market. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, but it's essential to get personalized quotes from local lenders as rates fluctuate based on credit score, loan type, and market conditions.
Are there any first-time homebuyer programs specific to North Hills that can help with down payment assistance?
Yes, North Hills homebuyers can access several California-statewide programs like the CalHFA Zero Interest Program and the MyHome Assistance Program, which offer down payment assistance in the form of deferred-payment loans. Additionally, Los Angeles County offers its own programs, and some local credit unions in the San Fernando Valley provide special first-time buyer grants or low-interest loans tailored to the area's moderate-income buyers.
How does the competitive real estate market in North Hills affect the mortgage pre-approval process?
Due to North Hills' competitive housing market, having a strong pre-approval letter from a reputable local lender is crucial. Sellers often favor buyers with solid pre-approvals that include verified funds and underwriting, as this reduces the risk of deals falling through. Working with a lender familiar with the San Fernando Valley can also help speed up the process and make your offer more attractive in multiple-bid situations.
What types of properties in North Hills are eligible for FHA loans, and are there any local restrictions?
FHA loans are commonly used in North Hills for single-family homes, condos, and townhouses that meet HUD property standards. However, because North Hills has a mix of older and newer construction, some properties may require repairs to meet FHA guidelines. It's advisable to work with an FHA-approved appraiser familiar with the area to identify any potential issues with foundations, roofing, or plumbing common in Valley homes.
Are there any local property tax considerations or exemptions in North Hills that could impact my mortgage payments?
Yes, North Hills homeowners should be aware of Los Angeles County property tax rates, which are approximately 1.25% of the assessed value plus voter-approved bonds. First-time homebuyers or those over 55 may qualify for exemptions like the Homeowners' Exemption or the Prop 60/90 tax base transfer, which can reduce your overall property tax burden and lower your monthly mortgage escrow payment.
Nearby Cities
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Why Choose a Mortgage Lender in North Hills?
Local Market Knowledge
Lenders who understand North Hills'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 North Hills and get competitive rates on your home loan.