The Best Mortgage Lenders in Rosemead, CA
Compare verified mortgage lenders serving Rosemead, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rosemead
Featured Mortgage Lenders
Jason R. Lee
Guaranteed Rate
Guaranteed Rate is one of the top-rated digital mortgage lenders nationwide with a strong presence in Southern California. Jason R. Lee and his team at the Glendale office serve the Rosemead area with exceptional customer service and competitive rates. They are known for their streamlined digital mortgage process, quick closings, and extensive loan product offerings. With over 285 excellent reviews and an A+ BBB rating, they consistently receive praise for their responsiveness, expertise with California real estate markets, and ability to handle complex loan scenarios efficiently.
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Rick Zepeda
New American Funding
New American Funding is a direct mortgage lender with deep roots in Southern California, serving the Rosemead community through their Pasadena branch. Rick Zepeda and his team are highly regarded for their expertise in diverse loan programs and commitment to minority homeownership. The company offers competitive rates, personalized service, and has developed a strong reputation for helping borrowers with unique financial situations. With nearly 200 positive reviews and numerous industry awards, they are particularly praised for their educational approach and closing loans that other lenders might decline.
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Mortgage Services Department
Logix Federal Credit Union
Logix Federal Credit Union (formerly Lockheed) has been serving Southern California communities for over 85 years with a physical branch location just minutes from Rosemead in Temple City. As a member-owned financial institution, they offer exceptionally competitive mortgage rates and low fees. Their mortgage team provides personalized service with local decision-making authority, making the loan process efficient and transparent. They are particularly strong with first-time homebuyer programs, VA loans, and offer exclusive member benefits like relationship rate discounts. With hundreds of positive reviews, customers consistently praise their competitive pricing and exceptional member service.
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Frequently Asked Questions
Common questions about mortgage lending in Rosemead, CA
What are the current mortgage rates like for homebuyers in Rosemead, CA?
Mortgage rates in Rosemead typically align with national averages but can vary based on local market conditions. As of recent trends, rates for 30-year fixed mortgages in the Los Angeles County area, including Rosemead, have been ranging from 6.5% to 7.5%. It's important to shop around with local lenders who understand the competitive Southern California market to secure the best rate for your specific financial situation.
Are there any special first-time homebuyer programs available specifically in Rosemead?
While Rosemead doesn't offer city-specific first-time homebuyer programs, residents can access several California state programs like the CalHFA FHA loan program and the MyHome Assistance Program. These programs provide down payment assistance and favorable terms for qualifying buyers. Additionally, Los Angeles County offers homebuyer assistance programs that Rosemead residents are eligible for, which can be particularly helpful given the area's higher-than-average home prices.
How does Rosemead's proximity to Los Angeles affect mortgage lending requirements?
Rosemead's location in Los Angeles County means lenders often apply stricter underwriting standards due to the region's high property values and competitive market. Lenders may require higher credit scores (typically 680+ for conventional loans) and more thorough income verification. The area's designation as a high-cost housing market also means you may qualify for higher loan limits through conforming and jumbo loan programs.
What should I know about property taxes and insurance when getting a mortgage in Rosemead?
Rosemead homeowners should budget for property taxes at approximately 1.1-1.25% of the purchase price, plus any local assessments. Insurance costs are typically higher than national averages due to earthquake risk and the region's high rebuilding costs. Many lenders will require both homeowners insurance and possibly earthquake insurance, which can significantly impact your total monthly mortgage payment calculation.
Are there any local down payment assistance programs for moderate-income buyers in Rosemead?
While Rosemead doesn't have city-specific programs, the California Housing Finance Agency (CalHFA) offers several down payment assistance programs that Rosemead residents can utilize. The CalHFA Zero Interest Program and the School Teacher and Employee Assistance Program are particularly relevant given Rosemead's diverse workforce. Additionally, some local credit unions and community banks serving the San Gabriel Valley area may offer special programs for local buyers.
Nearby Cities
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Why Choose a Mortgage Lender in Rosemead?
Local Market Knowledge
Lenders who understand Rosemead'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 Rosemead and get competitive rates on your home loan.