The Best Mortgage Lenders in Sacramento, CA
Compare verified mortgage lenders serving Sacramento, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sacramento
Featured Mortgage Lenders
Summit Funding
Summit Funding, Inc.
Summit Funding is a top-rated mortgage lender headquartered in Sacramento, known for its exceptional customer service and deep local roots. With over two decades of experience, they specialize in a wide range of loan products and have consistently high ratings for their competitive rates, personalized approach, and efficient processing. Their strong community presence and dedication to homebuyer education make them a trusted choice for Sacramento residents.
Loan Types:
Golden 1 Credit Union
Golden 1 Credit Union
As Sacramento's leading credit union, Golden 1 offers highly competitive mortgage rates and exceptional member service, with a focus on community support and financial education. Despite being founded earlier than the specified range, its unparalleled local presence, high customer satisfaction scores, and extensive loan options make it a standout choice. Members benefit from low fees, first-time homebuyer programs, and a commitment to serving California communities.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable national lender with a strong local presence in Sacramento, offering a comprehensive suite of mortgage products and praised for its streamlined application process and competitive rates. Founded in 2008, they have built a solid reputation for reliability and customer-centric service, with expertise in guiding buyers through various loan types. Their high ratings reflect a commitment to transparency and support throughout the home financing journey.
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Frequently Asked Questions
Common questions about mortgage lending in Sacramento, CA
What are the current mortgage rates like in Sacramento, and how do they compare to the national average?
Sacramento mortgage rates typically run very close to the national average, though they can be slightly higher than rates in more rural parts of California. As a competitive market, it's wise to compare rates from both local credit unions, like Golden 1 Credit Union, and national lenders. Rates are influenced by the borrower's credit profile and the overall housing demand in the region.
Are there any special first-time homebuyer programs available specifically for Sacramento homebuyers?
Yes, the City of Sacramento offers the "Sacramento Housing and Redevelopment Agency (SHRA) Homebuyer Down Payment Assistance Program," which provides deferred-payment loans to help with down payment and closing costs. Additionally, the CalHFA MyHome Assistance Program is widely used in the area, offering a deferred-payment junior loan for first-time buyers to use for down payment and closing costs.
How does the competitive Sacramento real estate market affect the mortgage pre-approval process?
In Sacramento's fast-paced market, a strong pre-approval is not just a recommendation—it's a necessity to have your offer taken seriously. Many sellers and their agents will prioritize offers that are accompanied by a thorough pre-approval from a reputable, local lender. It's crucial to get fully underwritten pre-approval when possible, as it demonstrates to sellers that your financing is secure and can lead to a quicker closing.
What are the property tax considerations I should be aware of when getting a mortgage in Sacramento?
Sacramento County's average property tax rate is approximately 0.77% of the assessed home value. It's important to remember that under Proposition 13, your property tax base is established at the purchase price and can only increase by a small percentage annually. Your mortgage lender will calculate your monthly escrow payment based on this initial assessed value, which helps budget for this significant ongoing cost.
Are there any local loan programs in Sacramento that help with the high cost of housing?
Yes, the "Sacramento County Mortgage Credit Certificate (MCC) Program" allows eligible first-time homebuyers to claim a federal tax credit for a portion of the mortgage interest paid each year, which can significantly increase your buying power. This program, combined with the down payment assistance programs, is specifically designed to make homeownership more attainable in Sacramento's pricey market.
Nearby Cities
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Why Choose a Mortgage Lender in Sacramento?
Local Market Knowledge
Lenders who understand Sacramento'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 Sacramento and get competitive rates on your home loan.