The Best Mortgage Lenders in Taft, CA
Compare verified mortgage lenders serving Taft, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Taft
Featured Mortgage Lenders
Golden Empire Mortgage
Golden Empire Mortgage, Inc.
Golden Empire Mortgage is one of the most highly-rated regional mortgage lenders serving the Central Valley, with exceptional customer satisfaction ratings and deep roots in Kern County. As a Bakersfield-based company founded in 1994, they have extensive experience serving Taft and surrounding communities with personalized mortgage solutions. They're particularly noted for their expertise with VA loans and first-time homebuyer programs, offering competitive rates and local underwriting that understands the unique Central Valley housing market. Their 30 years of continuous operation demonstrates remarkable stability and trustworthiness in the mortgage industry.
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Kern Schools Federal Credit Union
Kern Schools Federal Credit Union
As Kern County's largest credit union with over 85 years serving the community, Kern Schools FCU has built an outstanding reputation for mortgage lending throughout the region, including Taft. They offer highly competitive rates for members and exceptional customer service, with local loan officers who understand the Central Valley real estate market. Their not-for-profit structure allows them to offer favorable terms and lower fees than many commercial lenders. With multiple branches throughout Kern County and robust digital banking services, they provide convenient access for Taft residents seeking reliable mortgage financing with a community-focused institution.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage maintains a strong local presence in Bakersfield with dedicated loan officers serving Taft and the wider Kern County area. With over 60 years in business nationwide, they bring substantial expertise and stability to mortgage lending while maintaining personalized local service. They're particularly recognized for their diverse loan portfolio and specialized programs for various borrower needs, including unique renovation loans and government-backed programs. Their Bakersfield branch has consistently high customer satisfaction ratings and offers the advantage of local decision-making combined with the resources of a national mortgage lender with proven longevity in the industry.
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Frequently Asked Questions
Common questions about mortgage lending in Taft, CA
What are the current mortgage rates like in Taft, CA compared to the rest of California?
Mortgage rates in Taft are generally competitive with national averages but may be slightly lower than in California's major metropolitan areas due to the lower cost of living and reduced market pressure. However, rates are always influenced by individual borrower qualifications like credit score and down payment. It's best to compare offers from both local Taft lenders and larger institutions to find the best rate for your situation.
Are there any first-time homebuyer programs specifically for Taft residents?
Yes, Taft homebuyers can access the California Housing Finance Agency (CalHFA) programs, which offer down payment assistance and favorable loan terms for first-time buyers. Additionally, Kern County may have specific programs or grants aimed at promoting homeownership in its communities, including Taft. Consulting with a local mortgage broker familiar with Kern County can help you uncover all available local and state resources.
How does Taft's rural location and oil industry economy affect mortgage lending?
Taft's economy is heavily tied to the cyclical oil industry, which can lead to income volatility for some borrowers. Lenders may scrutinize employment history and income stability more closely, especially for those working directly in oil and gas. However, the city's designation as a rural area can sometimes make USDA loans available, which offer 100% financing with no down payment for eligible borrowers and properties.
What types of properties are common in Taft, and does this affect loan options?
Taft features a mix of single-family homes, older historic properties, and some manufactured homes. While conventional and FHA loans work for most standard houses, some older homes may require repairs that could complicate FHA 203(k) renovation loans. For manufactured homes, securing financing can be more specific; you'll need a lender experienced with these property types and who understands HUD tags and foundation requirements.
Are property taxes and insurance costs in Taft different from other parts of Kern County?
Property taxes in Taft follow California's standard 1% base rate plus local voter-approved bonds, similar to the rest of Kern County. However, homeowners insurance can be more affordable than in high-wildfire-risk areas of California, though it's wise to get quotes early in the process. Since Taft is in a seismic zone, some lenders may recommend earthquake insurance, which is an additional cost to factor into your budget.
Why Choose a Mortgage Lender in Taft?
Local Market Knowledge
Lenders who understand Taft'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 Taft and get competitive rates on your home loan.