The Best Mortgage Lenders in Venice, CA
Compare verified mortgage lenders serving Venice, California. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Venice
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate stands out as one of Venice's top mortgage lenders with their digital-first approach and exceptional customer service ratings. As a direct lender with a physical office on Abbot Kinney Boulevard, they offer competitive rates and faster closing times through their proprietary technology platform. They specialize in jumbo loans which are particularly relevant for Venice's high-value real estate market, and maintain a 4.8-star rating across multiple review platforms with consistent praise for their responsiveness and expertise in California's complex mortgage landscape.
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First Republic Bank
First Republic Bank
First Republic Bank has built an exceptional reputation in Venice and throughout Southern California for their personalized service and competitive jumbo loan products. With a physical branch right on the Venice Boardwalk, they're deeply embedded in the local community. They're particularly known for their relationship banking approach, offering premium service to high-net-worth clients and providing some of the most competitive jumbo rates in the market. Their 4.7-star rating reflects consistent customer satisfaction with their attentive service and expertise in luxury property financing.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage maintains a strong presence in the Venice area through their nearby Santa Monica office, serving clients throughout West Los Angeles. They earn high marks for their comprehensive loan options and exceptional customer service, particularly for first-time homebuyers and those utilizing government-backed loans. As a top-rated mortgage broker with direct lending capabilities, they offer competitive rates and personalized guidance through the entire mortgage process. Their 4.6-star rating highlights their reliability and expertise in navigating Venice's competitive real estate market.
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Frequently Asked Questions
Common questions about mortgage lending in Venice, CA
What are the current mortgage rates like for homes in Venice, CA?
Mortgage rates in Venice are typically competitive with national averages but can be influenced by the area's high property values. Currently, rates for a 30-year fixed mortgage range between 6.5-7% for well-qualified buyers. It's important to shop around as lenders may offer slightly different rates based on loan amount and property type in this competitive coastal market.
Are there any special loan programs for first-time homebuyers in Venice?
Yes, the California Housing Finance Agency (CalHFA) offers several first-time homebuyer programs that can be used in Venice, including down payment assistance and lower interest rate options. Additionally, some local lenders may offer specialized programs for Venice teachers, healthcare workers, or other essential service employees working in the community.
How does Venice's coastal location affect mortgage lending requirements?
Venice's coastal location can impact lending through additional insurance requirements and potential property-specific considerations. Lenders typically require flood insurance for properties in flood zones, and some may have stricter requirements for properties near the beach due to saltwater exposure and potential erosion concerns, which could affect the appraisal process.
What is the typical down payment needed for a condo versus a single-family home in Venice?
For single-family homes in Venice, lenders typically require 10-20% down due to the high median home prices. For condos, requirements can be stricter, often requiring 15-25% down, particularly for older buildings or those with high rental concentrations. Some newer condo developments may qualify for lower down payment conventional loans.
Are there any local Venice programs that help with down payments or closing costs?
While Venice doesn't have city-specific programs, Los Angeles County offers several assistance programs accessible to Venice homebuyers. The LA County Down Payment Assistance Program provides up to 20% of the purchase price for moderate-income buyers. Additionally, some Venice-based credit unions and community banks offer local lending programs with reduced closing costs for neighborhood residents.
Nearby Cities
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Why Choose a Mortgage Lender in Venice?
Local Market Knowledge
Lenders who understand Venice'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 Venice and get competitive rates on your home loan.