Quicken Loans
Finder Rating: 4.34 / 5 ★★★★★
Minimum credit score | Conventional: 620 FHA: 580 VA: 620 |
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With 840 miles of coastline and arguably the best weather in the US, California is home to some of the country’s most expensive real estate. If you’re in the market for a new place to call your own, one of these California mortgage lenders could help you buy your dream home.
We selected these five lenders based on several criteria we found in our research including fees, loan amounts, interest rates and eligibility requirements. We considered reviews from sites such as Trustpilot and the Better Business Bureau (BBB).
Learn more about Finder’s rating methodology
Quicken Loans
Finder Rating: 4.34 / 5 ★★★★★
Minimum credit score | Conventional: 620 FHA: 580 VA: 620 |
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Chase Bank
Minimum credit score | DreaMaker and Conventional: 620 FHA: 580 All other mortgage types: 700 |
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Navy Federal Credit Union
Minimum credit score | Not stated |
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New American Funding
Minimum credit score | Conventional: 620 |
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Bank of America
Minimum credit score | Conventional: 620 FHA: 600 |
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Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.
Even though California is home to some of the country’s most expensive real estate, the state’s mortgage rates generally trend below the national average. According to the Consumer Financial Protection Bureau (CFPB), 30-year fixed-rate mortgages in California average 3.125%, and are expected to remain relatively low well into 2021. Closing costs in California averaged 1.05% of the sales price according to 2019 data from ClosingCorp. Continue researching mortgage rates in California or compare closing costs in California for more information.
This list only includes direct lenders in California because only they can approve and finance mortgage loans. If you’re too busy to shop around for the best deal — or if you’d rather have someone do the legwork for you — it might be in your best interest to work with a broker.
Be wary, though. Brokers’ interests may not align with your own, and they’ll almost certainly apply fees you could have otherwise avoided. Many brokers do abide by above-board practices, however. To find the best broker for your needs, compare the rates various brokers charge, and read reviews to ensure your top choice offers exceptional support.
The best mortgage lenders in California each offer their own strengths and weaknesses. Depending on your unique situation, one of them might be a perfect match for you. Compare and contrast what they each have to offer, or continue exploring your home loan options.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.
Read the full methodology of how we rate home loan providers.
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