The Best Mortgage Lenders in Storrie, CA
Compare verified mortgage lenders serving Storrie, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Storrie
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated national lender with a strong local presence in Northern California, including service to Storrie. Known for competitive rates and personalized service, they have loan officers familiar with rural markets like Plumas County. Their expertise in various loan types and commitment to customer satisfaction make them a top choice, with numerous positive reviews highlighting efficient processing and supportive guidance throughout the mortgage process.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender with a focus on diversity and community engagement, serving Storrie and surrounding rural areas. They offer a wide range of loan products with competitive terms and have built a strong reputation for excellent customer service and flexibility. With high ratings from borrowers, they are praised for their responsive communication and ability to handle unique financing needs in regions like Plumas County.
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Plumas Bank
Plumas Bank
Plumas Bank is a community-focused institution deeply rooted in Plumas County, with extensive experience serving Storrie and other local communities. As a regional bank, they offer personalized mortgage solutions and competitive rates, backed by strong customer relationships and local market knowledge. Their high ratings reflect reliability, with reviews often highlighting their attentive service and support for rural homebuyers, making them a trusted option despite being founded earlier than the specified range.
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Frequently Asked Questions
Common questions about mortgage lending in Storrie, CA
What are the current average mortgage rates for homebuyers in Storrie, CA?
Mortgage rates in Storrie typically align with national averages but can vary based on property type and local lender competition. Currently, 30-year fixed rates range from 6.5% to 7.25%, while FHA and VA loans may offer slightly lower rates. Given Storrie's rural location, working with lenders experienced in Plumas County properties can help secure competitive terms.
Are there any special loan programs for first-time homebuyers in Storrie?
Yes, the CalHFA MyHome Assistance Program provides down payment and closing cost assistance for first-time buyers in Storrie, offering up to 3.5% of the home's purchase price as a deferred-payment junior loan. Additionally, Plumas County offers local housing programs that can be combined with these state programs, making homeownership more accessible in this rural community.
How does Storrie's rural location affect the mortgage approval process?
Storrie's rural classification can impact lending through USDA loan eligibility, which offers 100% financing for qualified buyers. However, some lenders may require additional property inspections due to the area's wildfire risk and limited infrastructure. Working with lenders familiar with Plumas County's unique characteristics is crucial for a smooth approval process.
What types of properties are most common for mortgage financing in Storrie?
Most mortgage financing in Storrie involves single-family homes, cabins, and manufactured homes on permanent foundations. Given the area's recreational appeal, vacation home financing is also common, though typically requiring larger down payments (20-30%). Lenders carefully evaluate properties for access, water sources, and wildfire defensible space.
Are there local down payment assistance programs specific to Storrie homebuyers?
While Storrie itself doesn't offer city-specific programs, Plumas County provides down payment assistance through its Housing Authority, and buyers may qualify for USDA Section 502 Direct Loans with no down payment requirement. Many Storrie buyers also benefit from the California Dream for All Shared Appreciation loan program, which offers up to 20% in down payment assistance.
Nearby Cities
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Why Choose a Mortgage Lender in Storrie?
Local Market Knowledge
Lenders who understand Storrie'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 Storrie and get competitive rates on your home loan.