The Best Mortgage Lenders in Ontario, CA
Compare verified mortgage lenders serving Ontario, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ontario
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender known for its strong presence in Southern California, including Ontario. Founded in 2003, it has built a reputation for excellent customer service, competitive rates, and a wide range of loan options. With high ratings from thousands of customers, it emphasizes personalized service and has a dedicated team for first-time homebuyers and diverse communities. Their commitment to transparency and fast processing makes them a preferred choice in the Inland Empire region.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with a local branch in Rancho Cucamonga that actively serves Ontario homebuyers. Founded in 1996, it boasts nearly three decades of experience and exceptional customer satisfaction ratings. Known for its competitive rates, efficient loan processing, and extensive loan products, Fairway emphasizes community involvement and personalized advice. Their strong ethical standards and high review counts reflect their reliability in the mortgage industry.
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LoanDepot
LoanDepot, LLC
LoanDepot is a nationally recognized mortgage lender with a strong foothold in California, including the Ontario area. Founded in 2010, it offers a blend of technology-driven solutions and personalized service, resulting in high customer ratings and competitive rates. With a focus on simplifying the mortgage process through digital tools and a wide array of loan options, LoanDepot has garnered positive reviews for its efficiency and customer support. Their extensive experience and commitment to innovation make them a reliable choice for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Ontario, CA
What are the current mortgage rates like for homebuyers in Ontario, CA?
Mortgage rates in Ontario typically align with national averages but can be influenced by local market competition and housing demand. Currently, rates for 30-year fixed mortgages in the Inland Empire area range from the mid-6% to low-7% range, though this varies by lender and borrower qualifications. It's wise to compare rates from both local credit unions and national lenders operating in the Ontario area.
Are there any first-time homebuyer programs specifically available for Ontario residents?
Yes, Ontario homebuyers can access several California-specific programs including the CalHFA Conventional loan with down payment assistance. The City of Ontario also offers the HOME Down Payment Assistance Program for low-to-moderate income buyers, providing up to $75,000 in deferred payment loans. Additionally, the Golden State Finance Authority offers programs specifically for San Bernardino County residents.
How does Ontario's competitive housing market affect the mortgage pre-approval process?
Given Ontario's competitive real estate market, having a strong pre-approval is crucial for making competitive offers. Many sellers in the Ontario market prefer buyers who are pre-approved with local lenders who understand the area's appraisal challenges. A full underwriting pre-approval from a reputable lender can give you an edge over buyers with basic pre-qualifications.
What special considerations should I know about getting a mortgage for a home near Ontario International Airport?
Properties in airport-affected areas may require additional scrutiny during the mortgage process. Lenders may order specialized noise studies or have specific requirements for homes in designated noise zones. Some lenders might apply slightly different underwriting standards or require larger down payments for properties most affected by airport operations.
Are there any local property tax considerations I should factor into my mortgage payment in Ontario?
Ontario homeowners should be aware of Proposition 13, which caps property tax increases, but new purchases are taxed at approximately 1.1% of the purchase price. Additionally, Ontario has various Mello-Roos communities and special assessment districts that can add significant amounts to your monthly payment. Your lender should help identify any these additional tax obligations during the loan estimate process.
Why Choose a Mortgage Lender in Ontario?
Local Market Knowledge
Lenders who understand Ontario'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 Ontario and get competitive rates on your home loan.