The Best Mortgage Lenders in Stockton, CA
Compare verified mortgage lenders serving Stockton, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stockton
Featured Mortgage Lenders
Golden 1 Credit Union Mortgage Department
Golden 1 Credit Union
As California's largest credit union, Golden 1 has served Stockton residents for decades with exceptional mortgage services. They consistently earn top ratings for their competitive rates, personalized service, and deep community commitment. Their local branch provides face-to-face guidance throughout the mortgage process, and they offer special programs for first-time homebuyers and competitive jumbo loans. Members praise their responsive loan officers and streamlined application process.
Loan Types:
Guild Mortgage Company - Stockton Branch
Guild Mortgage Company
Guild Mortgage maintains a strong physical presence in Stockton with a dedicated local team that understands the Central Valley housing market. With over six decades of experience, they excel at guiding borrowers through complex scenarios including self-employed applicants and unique property types. Their extensive loan portfolio includes specialized programs like low down payment options and they're particularly noted for their exceptional VA loan expertise and customer service follow-through.
Loan Types:
New American Funding - Lodi/Stockton
New American Funding
While headquartered in Southern California, New American Funding maintains a strong Stockton presence with local loan officers who understand the regional market dynamics. They're particularly praised for their diverse loan programs including special initiatives for minority homebuyers and flexible underwriting. Their bilingual services and extended hours accommodate working families, and they offer competitive rates with a reputation for closing loans quickly and efficiently.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Stockton, CA
What are the current mortgage rates like in Stockton, CA?
Mortgage rates in Stockton typically run slightly above national averages due to the city's higher-than-average risk profile, but remain competitive within California's Central Valley. As of late 2023, rates for 30-year fixed mortgages in Stockton generally range from 6.5% to 7.5%, though this varies by lender, credit score, and loan type. Local credit unions like Golden 1 Credit Union often offer competitive rates specifically for Stockton homebuyers.
Are there any first-time homebuyer programs specific to Stockton?
Yes, Stockton homebuyers can access the City of Stockton's Down Payment Assistance Program, which provides up to $20,000 in assistance for qualifying first-time buyers. Additionally, the CalHFA MyHome Assistance Program is widely used in Stockton and offers up to 3.5% of the purchase price for down payment and closing costs. These programs have income limits that align with Stockton's median income levels.
How does Stockton's flood risk affect mortgage lending requirements?
Many properties in Stockton require flood insurance due to the city's location in the Sacramento-San Joaquin River Delta and FEMA-designated flood zones. Lenders will typically mandate flood insurance for properties in high-risk zones, which can add $500-$1,500 annually to your housing costs. It's crucial to check FEMA flood maps and factor this into your budget when considering Stockton neighborhoods.
What types of loans are most common for Stockton's housing market?
FHA loans are particularly popular in Stockton due to the city's relatively affordable housing prices and many first-time buyers. Conventional loans also remain common, while VA loans see significant use given Stockton's proximity to military bases. USDA loans are less common since most of Stockton doesn't qualify for rural housing programs, though some outlying areas might.
How does Stockton's property tax system work for new homeowners?
Stockton follows California's Proposition 13, meaning your property tax base is established at purchase price and increases limited to 2% annually. However, Stockton homeowners often pay additional assessments like Mello-Roos taxes in newer developments and various bond measures. Typical property tax rates in Stockton range from 1.1% to 1.4% of the assessed value, plus any special assessments.
Nearby Cities
Explore mortgage lenders in cities near Stockton, CA
Why Choose a Mortgage Lender in Stockton?
Local Market Knowledge
Lenders who understand Stockton'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 Stockton and get competitive rates on your home loan.