Best Mortgage Lenders Sacramento – A mortgage will likely be helpful to finance the purchase of your home, which is a significant milestone. Fees, rates, loan alternatives, the lender’s reputation for customer service, and many other considerations are accountable when picking your mortgage options. Consequently, based on the aforementioned standards, this article will guide you through city attractions as well as the Best Mortgage Lenders Sacramento.
Sacramento is known for its picturesque riverside setting, its pleasant Mediterranean climate, and its friendly Midwestern vibe. If you’re looking for a welcoming community and a high quality of life, Sacramento is the perfect place to put down roots. But what makes Sacramento really special is its strong sense of community. In a city of nearly 500,000 people, it’s easy to find your niche. Whether you’re into hiking, biking, or kayaking, you’ll find plenty of like-minded folks to join you on your next adventure
About Sacramento
Sacramento is a famous city with a lengthy history, several tourist attractions, and tens of thousands of satisfied dwellers. It’s situated in the Central Valley of California, about 93 miles northeast of San Francisco. The city is notable for its location at the meeting point of the American and Sacramento Rivers. Sacramento enjoys sunny days throughout the year, like most of the state. The city has had some substantial tailwinds as the state’s capital and one of the nation’s hottest real estate markets.
- Sacramento’s notable success appears to be a result of its proximity to several other major cities and its affordability – especially relative to other major cities in Northern California, like San Francisco and San Jose. Therefore, moving to Sacramento is a great option for people wishing to move to the Golden State.
- Although Sacramento’s weather can be quite warm (which is quite typical of California), Sacramento’s built-in shadow provides some reprieve from the heat. Sacramento is Popular as the “City of Trees” because it boasts more trees per capita than any other city in the United States.
- Nature-lovers will thrive in this city, and residents generally love the aesthetic appeal and the freshness that the greenery imbues in Sacramento. In addition, Sacramento is also well-known for its open and welcoming queer-owned eateries, cafes, bars, clubs, and retail establishments.
- Sacramento is not particularly close to the Pacific Ocean, but it does have a lot of fresh water nearby – the 32-mile American River Parkway. It’s dubbed the “Jewel of Sacramento” due to its beautiful waterways, roomy parks, and infinite network of hiking paths. In addition, this gorgeous spot is also a great place to fish, float, or boat.
- The capital city of California is also a great place to find employment opportunities. With its strong economy, Sacramento offers excellent career tracks in technology, healthcare, or government service. The unemployment rate in Sacramento is below the national average. So if you’re looking for a stable and prosperous place to work, Sacramento is a great option.
- From great food and nightlife to outdoor activities and world-class museums, you won’t spend a single weekend wondering what to do next. No matter what your interests are, you’ll find something to enjoy in Sacramento.
Real Estate Trends In Sacramento
Sacramento real estate agents believe that this year’s home price growth will continue. The Sacramento metro area is anticipating to experience a combined sales and price increase of over 11.0 percent in 2022. In addition, the city was ranking as the 48th best home market in the country by realtor.com this year.
Homes in Sacramento County had a median list price of $549,900 in June 2022, which was 14.5% higher than the previous year. Furthermore, the average price per square foot was $339. The real estate market in Sacramento is one in which there are more buyers than there are houses on the market. When demand outpaces supply, a seller’s market develops.
Average Home Price: According to Realtor, the average price of a home in Sacramento is now over $450,000, and the market shows no signs of slowing down. In fact, Norada Real Estate reports that the median price of single-family homes stands at $560,000 as of June 2022 and the number increased by 16% from the previous year.
Number of Homes Available for Sale: Currently, in Sacramento, there are over 2,000 homes for sale with median days on the market of 33 according to Movoto.com. This is indicative of the current state of the market, where there is an oversupply of homes and buyers have more choices. This may lead to slower sales and longer times on the market for some sellers. However, this trend also provides the opportunity for buyers who may be able to negotiate better prices on the purchase of a new home.
Opportunity for Buyers: According to a Redfin report, Sacramento’s housing market is cooling at the 2nd fastest rate in the nation, allowing buyers to pay far less for houses than they would have had to pay a couple of months ago.
However, with the current unpredictable national economy, thanks to the highest inflation rate in 40 years, currently at 9.1%, interest rates may rise again. If you’re thinking of buying a home in Sacramento, now is a great time to start your search and be ready to seize on excellent buyer opportunities. It is advisable to get in touch with a mortgage company to get pre-approved for a home loan as soon as possible before mortgage rates soar again.
Prices & Demand for Sacramento Homes
We’ve provided the most recent monthly report on the Sacramento housing market from realtor.com in order to give you additional helpful information that you can use:
- The median home price for Sacramento, California increased by 9,8% this year.
- The average number of days on the market for listings is currently 13.
- 2% of sold properties were in the list for 30 days or less.
- 98% of sold homes were in the list for no more than 60 days.
Current Mortgage Rates
It is important to stay up to date with the current mortgage and refinancing rates to make the soundest financial decision while buying a property. To help you stay updated, we have provided you with the existing mortgage rates for the different loan types in California.
| PROGRAMS | RATE | 1 week CHANGE | APR | 1 week CHANGE |
| 30-Year Fixed Rate | 5.13 % | ⬇0.22 % | 5.21 % | ⬇0.22 % |
| 20-Year Fixed Rate | 4.62 % | ⬇0.25 % | 4.71 % | ⬇0.26 % |
| 15-Year Fixed Rate | 4.23 % | ⬇0.22 % | 4.37 % | ⬇0.22 % |
| 10-Year Fixed Rate | 4.00 % | ⬇0.43 % | 4.18 % | ⬇0.43 % |
| 7-year ARM | 4.79 % | ⬇0.44 % | 4.42 % | ⬇0.19 % |
| 5-year ARM | 4.56 % | ⬇0.42 % | 4.29 % | ⬇0.08 % |
Data source: ©Zillow, Inc. 2006 – 2021.
Keep in mind that these rates are changing over time. Our goal is to deliver you the latest mortgage rates in Sacramento, CA so that you can understand your housing expenses before starting your home-buying journey.
List of Top Mortgage Lenders in Sacramento
There are many different types of mortgages available. Each of them is made to satisfy a different set of needs for various individuals. However, there are a bewildering number of mortgage businesses that can provide you with such loans, making it difficult to determine which one is working out for your objectives or their own. As a result, we have created a list of trustworthy mortgage lenders in Sacramento to help you out:
1. Reliance Financial
For over 18 years, Reliance Financial has been consistently delivering high-quality mortgage services as a local lender. Being one of the leading mortgage lenders in Sacramento, we have been leveraging the resources of a national brand to customers. Currently operating in California, Texas, Colorado, Michigan, Washington, Virginia, and Florida State, Reliance Financial branches have gathered a tremendous customer base throughout the nation.
Our customers praise our services for reliable preapprovals, ease of transaction, on-time closings, transparency, and communication throughout the mortgage process. In the mortgage industry, we are known for our experience and our continued investment in customer satisfaction. Our mortgage officers specialize in all new purchase and refinance mortgage needs. They are highly knowledgeable and work as financial counselors to help borrowers make fruitful decisions.
Email: sales@reliancefinancial.com
2. GFL Capital Mortgage
For more than 13 years, GFL Capital has served the Sacramento area as a timely and trustworthy mortgage lender. Their well-respected mortgage brokers focus on giving exceptional service and unmatched industry expertise. They aim to offer clients first-rate assistance throughout the mortgage application process. GFL Capital Mortgage aims to help current and prospective homeowners with their mortgage financing needs. They evaluate the state of the market and provide home loan choices to suit various family needs and necessities.
3. Brizzi Financial
Mortgage broker Ethan Brizzi is the owner of Brizzi Financial. Families and individuals in Sacramento, Roseville, and the surrounding areas have been served well by this mortgage provider for years. The company offers homebuyers loan options that are matching their requirements and objectives. Brizzi Financial has experience working with a wide range of loan types, including conventional, FHA, VA, fixed-rate, and adjustable-rate loans. Additionally, the business offers refinancing services meant to refinance existing mortgages into new loans with lower interest rates or monthly payments.
4. West Coast Mortgage
Sacramento-based West Coast Mortgage Group provides customers with excellent mortgage and refinancing services. The business offers cutting-edge services and solutions geared toward making mortgage borrowing straightforward. To make sure you get the greatest offers, they make sure to thoroughly scour the whole mortgage market. They leave no stone unturned.
Customers receive excellent, individualized service from West Coast Mortgage. Additionally, Oregon, Colorado, New Mexico, Idaho, Washington, Nevada, Florida, and Maryland are states that are serviced by this company as well. West Coast Mortgage Group recognizes the value of fostering a positive work environment where customers can access high-quality financing products and where every team member is treated as an important member of the family.
5. 995Hope
Since 2004, 995Hope has assisted more than nine million clients in the mortgage process. This mortgage firm serves the Sacramento area and its surrounding communities dutifully. Through its mortgage services, the business helps individuals and families who are looking for financial assistance for the purchase of a new house. Depending on the demands of the client, its mortgage specialists have connections with numerous lenders who can offer home loan programs. The company offers a variety of loan packages that include conventional fixed-rate, FHA, USDA, and reverse mortgage plans.
6. Guild Mortgage Company
Established in 1960, Guild Mortgage is a leading independent mortgage lender. They specialize in residential home loans and have grown steadily over the years through referrals by providing honest expertise and outstanding customer service. Their loan officers are committed to each relationship and work hard to find the best loan option to fit your individual needs.
The company offers a variety of loan products that are tailored to meet the individual needs of each borrower. Guild Mortgage is committed to providing a high level of customer service and to closing loans on time. The company also has a strong commitment to giving back to the community through its support of various charitable organizations. Guild Mortgage is a reputable and trusted mortgage lender that you can count on to provide you with the financing you need.
7. Green Haven Capital Inc
At Green Haven Capital Inc., they are proud to have established themselves as a leading mortgage company in Sacramento. They work with some of the top professionals in the industry and their staff has over 40 years of combined experience. This allows them to offer their clients a wide range of options and tailor each loan to their specific needs.
They are also committed to getting their clients the best possible terms on their loans. If you are looking for a mortgage company that you can trust to provide you with the best possible service, then look no further than Green Haven Capital Inc.
8. American Pacific Mortgage
At American Pacific Mortgage (APM), they pride themselves on being a top Independent Mortgage Banker. Their company is known for creating experiences that matter, and they serve their communities, referral partners, and borrowers through their local retail branches with a personal touch and attention to detail.
As a company, they embrace the concept of homeownership with enthusiasm and optimism. Every employee at APM knows that every transaction represents a family, a home, and a life decision. They understand that their job, in the end, is to delight everyone involved in the loan process.
9. West Coast Mortgage Group
At West Coast Mortgage Group, they take a straightforward approach to mortgage lending. They work together as a family to provide quality home lending solutions that make a difference in their clients’ lives. Their culture is built on integrity. They pride themselves on being a diverse group of extraordinary people who enjoy serving their clients and each other.
They understand the importance of creating a healthy professional environment where clients can get connected to quality lending products. West Coast is committed to providing their clients with the best possible experience and service. If you are looking for a Mortgage Lender that values teamwork, integrity, and excellence, then contact them today.
Conclusion
To make sound financial decisions, you require a qualified advisor you can rely on. As a result, Reliance Financial provides the values and market knowledge you need to succeed in the current home market. We are your most reliable home-owning partners, especially when it comes to Sacramento house financing. To get the most affordable mortgage rates and the greatest mortgage programs for your needs, go to Reliance Financial. We’ve got your back.
Frequently Asked Questions About Mortgage companies in Sacramento
Q1: How can I compare Sacramento’s top mortgage lenders?
- Following your application for a mortgage, banks should offer you a loan estimate. On the third page of the loan estimate, there is a section to indicate comparisons.
- The annual percentage rate, or APR, aggregates one-time fees with ongoing monthly fees to get a rate. Because we don’t regularly purchase items in percentages, some individuals find this difficult to understand. You don’t receive a percentage from the grocery store cashier when you check out. You are given a sum of money.
- Because of this, choosing “in five years” as your comparison if you only have time for one is a wise decision. This displays your five-year payment total as well as the amount of the mortgage balance you will have paid off.
- You’ll be able to contrast each other’s APR and “in 5 years” values when you obtain mortgage estimates from loan officers on Bundle.
