The Best Mortgage Lenders in Santa Fe Springs, CA
Compare verified mortgage lenders serving Santa Fe Springs, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Santa Fe Springs
Featured Mortgage Lenders
Rick Soukoulis
New American Funding
New American Funding is a top-rated direct mortgage lender with a strong Southern California presence and a physical branch conveniently located in nearby Whittier. They are particularly noted for their excellent customer service, competitive rates, and wide variety of loan products. The local team has deep knowledge of the Santa Fe Springs and greater Los Angeles area real estate markets. They excel at helping diverse borrowers, including those with unique financial situations, and offer their own "I CAN" loan program for borrowers who don't fit traditional guidelines.
Loan Types:
Gabriel Chavira
Guild Mortgage
Guild Mortgage is a nationally recognized lender with a highly-rated local branch in Cerritos that actively serves Santa Fe Springs homebuyers. With over 60 years in business, they bring exceptional stability and expertise to the mortgage process. They are particularly strong in government-backed loans (FHA/VA) and offer exclusive programs like their Zero Down Payment option for qualified buyers. Their local loan officers are praised for their responsiveness, transparency, and ability to close loans quickly and efficiently.
Loan Types:
John H. Smith
CrossCountry Mortgage
CrossCountry Mortgage has established itself as a premier mortgage lender in the Southern California region with a strong Cerritos branch serving Santa Fe Springs residents. They are known for their competitive interest rates and flexible loan options, including specialized construction and renovation loans. The local team receives consistent praise for their educational approach, guiding borrowers through every step of the mortgage process with clarity and professionalism. Their extensive product portfolio ensures they can meet the needs of various borrower profiles.
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Frequently Asked Questions
Common questions about mortgage lending in Santa Fe Springs, CA
What are the current mortgage rates like for homes in Santa Fe Springs, CA?
Mortgage rates in Santa Fe Springs typically align with national averages but can be influenced by local market competition and property types. As of recent trends, rates for conventional 30-year fixed loans generally range from the mid-6% to low-7% range, though this fluctuates. It's wise to compare offers from both local credit unions and national lenders for the best terms.
Are there any first-time homebuyer programs specifically available in Santa Fe Springs?
Yes, Santa Fe Springs homebuyers can access California-wide programs like the CalHFA FHA loan or MyHome Assistance Program, which offer down payment assistance and competitive rates. While the city itself doesn't offer a unique program, these state programs are widely used here. Additionally, some local lenders may have special first-time buyer incentives tailored to the area's moderate-income buyers.
How does Santa Fe Springs' mixed industrial and residential zoning affect mortgage lending?
Santa Fe Springs' unique blend of industrial and residential areas means lenders may pay extra attention to property location and potential environmental factors. Homes in primarily residential neighborhoods typically qualify for standard financing, but properties adjacent to industrial zones might require additional inspections or face stricter appraisal scrutiny. This can occasionally impact loan approval and terms.
What is the typical down payment required for a home in Santa Fe Springs?
For conventional loans in Santa Fe Springs, down payments typically range from 3-20%, depending on the loan type and buyer qualifications. Given the city's median home prices (around $700,000-$800,000), many buyers use FHA loans with 3.5% down or explore down payment assistance programs. Local credit unions sometimes offer low-down-payment options specifically for the area.
Are jumbo loans common in Santa Fe Springs given its housing prices?
Yes, jumbo loans are quite common in Santa Fe Springs since the median home price often exceeds Los Angeles County's conforming loan limit (currently $1,149,825 for 2024). These loans typically require stronger credit scores (700+) and larger down payments (10-20% minimum). Many local lenders have experience with jumbo financing given the city's price point.
Nearby Cities
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Why Choose a Mortgage Lender in Santa Fe Springs?
Local Market Knowledge
Lenders who understand Santa Fe Springs'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 Santa Fe Springs and get competitive rates on your home loan.