The Best Mortgage Lenders in San Dimas, CA
Compare verified mortgage lenders serving San Dimas, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in San Dimas
Featured Mortgage Lenders
Frank Hernandez
CrossCountry Mortgage, LLC - Glendora
CrossCountry Mortgage's Glendora branch, led by Frank Hernandez, is one of the highest-rated mortgage lenders serving the San Dimas area. With exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service for San Gabriel Valley homebuyers. Their team offers extensive experience with all loan types including specialized programs for first-time buyers and veterans. The local office provides convenient in-person consultations while leveraging the resources of a national lender with competitive rates and efficient processing.
Loan Types:
Mann Financial Services
Mann Financial Services, Inc.
Mann Financial Services has been serving the San Gabriel Valley for over two decades with consistently excellent ratings. Located just minutes from San Dimas in Covina, this family-owned mortgage brokerage has built a reputation for exceptional customer service and competitive rates. They excel at navigating complex loan scenarios and offer comprehensive guidance through the entire mortgage process. Their long-standing relationships with multiple lenders allow them to secure optimal terms for San Dimas homebuyers and homeowners seeking refinancing.
Loan Types:
SchoolsFirst Federal Credit Union
SchoolsFirst FCU
As one of California's largest credit unions, SchoolsFirst FCU maintains a strong presence in the San Dimas area with their nearby Covina branch. Serving education community members and their families, they offer highly competitive mortgage rates and exceptional member service. With over 85 years of financial experience, they provide comprehensive mortgage solutions including specialized programs for educators. Their local branch offers personalized service combined with the stability and resources of a major financial institution, making them a top choice for San Dimas residents.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in San Dimas, CA
What are the current mortgage rates like for homes in San Dimas, CA?
Mortgage rates in San Dimas typically align with national averages but can vary based on loan type and borrower qualifications. Currently, rates for 30-year fixed mortgages in the area range from 6.5% to 7.25%, though jumbo loans for San Dimas's higher-priced homes may carry slightly higher rates. It's best to compare offers from multiple local lenders as rates can vary significantly between institutions.
Are there any first-time homebuyer programs specifically available in San Dimas?
While San Dimas doesn't offer city-specific first-time buyer programs, residents can access several Los Angeles County and California state programs. The CalHFA Conventional Loan and MyHome Assistance Program provide down payment assistance up to 3.5% of the purchase price. Additionally, the Mortgage Credit Certificate (MCC) program offers significant tax credits for qualified first-time buyers purchasing in San Dimas.
How does San Dimas's location in Los Angeles County affect mortgage lending requirements?
San Dimas's position in high-cost Los Angeles County means conforming loan limits are significantly higher than national averages - currently $1,149,825 for 2024. This allows buyers to access conventional financing for higher-priced homes without needing jumbo loans. However, lenders may apply stricter debt-to-income requirements due to the area's above-average property taxes and insurance costs.
What special considerations should I know about getting a mortgage for San Dimas's older homes?
Many San Dimas homes built in the mid-20th century may require additional scrutiny during the mortgage process. Lenders often mandate pest inspections and may require repairs for wood-destroying organisms common in Southern California's climate. FHA and VA loans might require additional repairs for older homes, so conventional financing often provides more flexibility for these properties.
How competitive is the mortgage pre-approval process in San Dimas's housing market?
Given San Dimas's competitive real estate market, strong pre-approvals are essential. Local sellers often prefer buyers who work with reputable California-based lenders familiar with the area's specific requirements. A full underwriting pre-approval rather than a basic pre-qualification can significantly strengthen your offer, as sellers know you're thoroughly vetted and less likely to encounter financing issues.
Why Choose a Mortgage Lender in San Dimas?
Local Market Knowledge
Lenders who understand San Dimas'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 Dimas and get competitive rates on your home loan.