The Best Mortgage Lenders in Shafter, CA
Compare verified mortgage lenders serving Shafter, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shafter
Featured Mortgage Lenders
David Galvan
Guarantee Mortgage
Guarantee Mortgage is a highly-rated local mortgage broker serving the entire Kern County area including Shafter. With over two decades of experience, they've built an exceptional reputation for personalized service and competitive rates. David Galvan and his team specialize in first-time homebuyer programs, VA loans, and conventional financing with a focus on the unique needs of Central Valley residents. Their 4.9-star rating across multiple review platforms reflects consistent customer satisfaction and their deep understanding of the local real estate market.
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Michael Miller
Guild Mortgage
Guild Mortgage's Bakersfield office serves Shafter residents with comprehensive mortgage solutions and exceptional customer service. Michael Miller leads a team with extensive experience in Kern County's housing market. As a direct lender with servicing retention, they offer competitive rates and a wide variety of loan programs. Their 4.8-star rating stems from their commitment to guiding clients through the entire mortgage process with transparency and expertise, particularly valued for their VA loan specialization and first-time homebuyer assistance programs.
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Ryan Dirks
CrossCountry Mortgage
CrossCountry Mortgage's Bakersfield branch provides expert mortgage services to Shafter homebuyers with a strong focus on customer education and competitive financing options. Ryan Dirks and his team offer personalized attention throughout the loan process with access to a wide range of loan products. Their 4.7-star rating reflects their reliability and efficiency in closing loans on time. The company is particularly noted for their construction loan expertise and ability to handle complex financing scenarios while maintaining excellent communication with clients and real estate professionals.
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Frequently Asked Questions
Common questions about mortgage lending in Shafter, CA
What are the current mortgage rates like in Shafter, CA?
Mortgage rates in Shafter typically align with national averages but can vary based on local market conditions and lender competition in Kern County. As of recent trends, rates for 30-year fixed mortgages in the Shafter area range from 6.5% to 7.25%, though first-time buyer programs may offer slightly better terms. It's best to compare rates from multiple local lenders since even small differences can significantly impact your monthly payment in Shafter's housing market.
Are there any first-time homebuyer programs specifically available in Shafter?
Yes, Shafter homebuyers can access several California state programs like the CalHFA FHA program and MyHome Assistance Program, which offer down payment assistance and competitive rates. Additionally, Kern County Housing Authority occasionally offers local assistance programs for Shafter residents. These programs are particularly valuable given Shafter's relatively affordable housing market compared to other California cities.
How does Shafter's agricultural economy affect mortgage lending requirements?
Shafter's strong agricultural and logistics employment base means lenders may look closely at income stability for workers in these sectors. Self-employed individuals or seasonal workers in agriculture should be prepared with 2+ years of consistent income documentation. Local lenders familiar with Shafter's economy often have more flexible underwriting for agricultural workers than national lenders might.
What are the typical down payment requirements for homes in Shafter?
While conventional loans typically require 5-20% down, many Shafter buyers utilize FHA loans with 3.5% down payments, which are popular given the city's median home prices. USDA loans are also an option in certain parts of Shafter, offering 0% down payment for eligible buyers in designated rural areas. The average down payment in Shafter tends to be lower than California's statewide average.
Are there any local property tax considerations I should know about as a Shafter homebuyer?
Shafter property taxes typically range from 1.1% to 1.3% of the home's assessed value, which includes Kern County's base rate plus local assessments. Proposition 13 protections apply, limiting annual tax increases to 2% once you purchase. New developments may have additional Mello-Roos taxes, so it's important to ask about these potential additional costs when considering newer subdivisions in Shafter.
Why Choose a Mortgage Lender in Shafter?
Local Market Knowledge
Lenders who understand Shafter'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 Shafter and get competitive rates on your home loan.