The Best Mortgage Lenders in San Bernardino, CA
Compare verified mortgage lenders serving San Bernardino, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in San Bernardino
Featured Mortgage Lenders
Guild Mortgage
Guild Mortgage Company
Guild Mortgage stands out as one of San Bernardino's most highly-rated local mortgage lenders with exceptional customer satisfaction ratings. They have built a strong reputation for personalized service and expertise in California's unique housing market. Their local team understands the specific needs of San Bernardino homebuyers and offers a comprehensive range of loan products with competitive rates. The company is particularly noted for their efficient processing and dedicated loan officers who guide clients through every step of the mortgage process.
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Altura Credit Union
Altura Credit Union
As a prominent credit union serving the Inland Empire, Altura Credit Union has earned excellent ratings for their mortgage lending services in San Bernardino. They offer competitive rates and fees typically lower than traditional banks, along with personalized member service. Their mortgage specialists are praised for their patience and expertise in helping first-time homebuyers navigate the complex mortgage process. The credit union's strong community presence and member-focused approach make them a trusted choice for San Bernardino residents.
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Waterstone Mortgage
Waterstone Mortgage Corporation
Waterstone Mortgage maintains a strong presence throughout the Inland Empire with excellent service ratings and extensive experience serving San Bernardino homebuyers. While based in nearby Riverside, they actively serve the entire San Bernardino market with a reputation for competitive rates and flexible loan options. Their team of experienced loan officers receives consistent praise for their responsiveness and ability to close loans efficiently. The company specializes in both purchase and refinance transactions with particular expertise in conventional and government-backed loans.
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Frequently Asked Questions
Common questions about mortgage lending in San Bernardino, CA
What are the current mortgage rates like in San Bernardino, CA?
Mortgage rates in San Bernardino typically align with national averages but can vary based on local market conditions and lender competition. Currently, rates for 30-year fixed mortgages in the area range from 6.5% to 7.2%, though this fluctuates with economic indicators. Working with a local lender who understands San Bernardino's market can help you secure competitive rates.
Are there any first-time homebuyer programs specific to San Bernardino?
Yes, the City of San Bernardino offers the HOME Investment Partnership Program, which provides down payment assistance to eligible first-time homebuyers. Additionally, the California Housing Finance Agency (CalHFA) offers programs that are particularly beneficial in San Bernardino's affordable housing market. These programs can provide up to 3.5% of the purchase price in assistance when combined with CalHFA's first mortgage.
How does San Bernardino's property tax rate affect my mortgage payments?
San Bernardino County has a base property tax rate of 1% of the assessed value, plus additional voter-approved bonds and assessments that typically bring the total rate to approximately 1.1-1.25%. This means on a $400,000 home, you can expect annual property taxes of $4,400-$5,000, which will be included in your monthly mortgage payment through an escrow account.
What special considerations should I know about getting a mortgage for older homes in San Bernardino's historic districts?
When purchasing in historic areas like the Newberry Springs or downtown historic districts, lenders may require additional inspections and potentially higher repair reserves. Many older homes in San Bernardino may need FHA 203(k) renovation loans or similar products to address needed repairs. It's crucial to work with a lender experienced in historic property financing in San Bernardino County.
Are there any local mortgage programs that help with San Bernardino's specific affordability challenges?
The San Bernardino County Housing Authority offers the Mortgage Credit Certificate (MCC) program, which provides a federal tax credit for a portion of mortgage interest paid annually. This can significantly reduce your federal tax liability and improve affordability. Additionally, several local credit unions and community banks offer special lending programs with reduced fees for San Bernardino residents.
Why Choose a Mortgage Lender in San Bernardino?
Local Market Knowledge
Lenders who understand San Bernardino'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 San Bernardino and get competitive rates on your home loan.