The Best Mortgage Lenders in Reseda, CA
Compare verified mortgage lenders serving Reseda, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Reseda
Featured Mortgage Lenders
Guild Mortgage - Reseda Branch
Guild Mortgage Company
Guild Mortgage's Reseda branch stands out as one of the highest-rated local mortgage lenders in the San Fernando Valley, with exceptional customer satisfaction ratings. They specialize in serving first-time homebuyers and offer comprehensive guidance through the entire mortgage process. Their local team has deep knowledge of Reseda's real estate market and provides personalized service with competitive rates. The company's extensive experience and strong community presence make them a trusted choice for Reseda residents seeking various loan options including government-backed programs.
Loan Types:
New American Funding - Los Angeles
New American Funding
New American Funding serves the Reseda area with outstanding customer service and competitive mortgage products. They are particularly recognized for their "I CAN" mortgage program that offers flexible qualification criteria, making homeownership more accessible. With strong ratings across multiple review platforms, they provide excellent communication throughout the loan process and have specialized programs for diverse borrowers. Their local Los Angeles team has extensive experience with San Fernando Valley properties and market conditions.
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CrossCountry Mortgage - Encino
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Encino office serves the Reseda community with comprehensive mortgage solutions and personalized service. They are known for their competitive rates and efficient loan processing, with particular expertise in jumbo loans and construction financing. The local team has deep roots in the San Fernando Valley and understands the specific needs of Reseda homebuyers. Their strong customer satisfaction ratings reflect their commitment to guiding clients through complex mortgage scenarios with professionalism and expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Reseda, CA
What are the current mortgage rates like for homes in Reseda, CA?
Mortgage rates in Reseda typically align with national averages but can vary based on loan type and property specifics. Currently, rates for conventional 30-year fixed loans range between 6.5-7.5%, though local credit unions sometimes offer competitive rates. It's wise to compare offers from multiple lenders as Reseda's competitive market can yield slight variations.
Are there any first-time homebuyer programs specific to Reseda that can help with down payments?
Yes, the California Housing Finance Agency (CalHFA) offers statewide programs like MyHome Assistance Program, which provides down payment assistance up to 3.5% of the purchase price. Additionally, the City of Los Angeles Housing Department (Reseda falls under LA jurisdiction) may have local grants or affordable housing initiatives for qualifying buyers.
How does Reseda's competitive real estate market affect mortgage pre-approval requirements?
In Reseda's competitive market, sellers often require strong pre-approvals with verified funds and underwriting. Lenders may need additional documentation like proof of reserves or higher credit scores (typically 680+) to strengthen your offer. Getting fully underwritten pre-approval rather than basic pre-qualification can make your offer stand out.
What special considerations should I know about getting a mortgage for Reseda's older homes?
Many Reseda homes built in the 1950s-1970s may require FHA 203(k) or Fannie Mae HomeStyle renovation loans if updates are needed. Lenders often require thorough inspections for older properties, particularly for foundation, plumbing, or electrical systems common in Valley homes. Some condos might need FHA or VA approval due to complex association requirements.
Are there any local property tax considerations in Reseda that affect mortgage payments?
Reseda property taxes typically range from 1.1-1.3% of the purchase price, plus any local assessments and Mello-Roos bonds if applicable. Your lender will calculate impounds for both property taxes and required insurance, which is particularly important in this fire-prone region. First-time buyers should budget for potential supplemental tax bills after purchase.
Why Choose a Mortgage Lender in Reseda?
Local Market Knowledge
Lenders who understand Reseda'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 Reseda and get competitive rates on your home loan.