Best Mortgage Companies in Sacramento

Best Mortgage Companies in Sacramento

Best Mortgage Companies in 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. The best mortgage companies in Sacramento will help you find and finance your dream home.

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

Perks of Moving to Sacramento

Moving to Sacramento can be a great experience for those looking for a new place to call home. The capital city of California offers a variety of activities and attractions that make it an ideal location for families and individuals alike.

The city has a rich history, vibrant culture, and diverse economy. Sacramento also has plenty of parks, trails, and open spaces for residents to enjoy. Or if you prefer to spend your free time exploring the city’s vibrant food scene or cheering on the local basketball team, you’ll never be at a loss for things to do in Sacramento. With a cost of living that’s below the national average, Sacramento is an ideal and affordable place to call home.

Not only is there plenty to do in Sacramento, but the year-round perfect weather also allows you to enjoy these activities without having to deal with extreme heat or cold. With an average temperature of 70 degrees, you can enjoy all types of activities found here.

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.

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.

Real Estate Trends in Sacramento

The current housing trends in Sacramento are seeing a rise in real estate prices. The city’s strong economy and thriving arts scene continue to attract new residents, which is driving up the cost of housing. 

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.

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.

PROGRAMSRATE1 week CHANGEAPR1 week CHANGE
30-Year Fixed Rate5.13 %⬇0.22 %5.21 %⬇0.22 %
20-Year Fixed Rate4.62 %⬇0.25 %4.71 %⬇0.26 %
15-Year Fixed Rate4.23 %⬇0.22 %4.37 %⬇0.22 %
10-Year Fixed Rate4.00 %⬇0.43 %4.18 %⬇0.43 %
7-year ARM4.79 %⬇0.44 %4.42 %⬇0.19 %
5-year ARM4.56 %⬇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. 

Top Mortgage Companies in Sacramento

When looking for the best mortgage companies in Sacramento, it is important to do your research. Not all mortgage companies are created equal, and some may be better suited for your needs than others. By researching and interviewing different lenders, you can find the one that is right for you.

The right mortgage company can make the process of buying a home much easier. They will help you find the best mortgage rates and terms for your situation, and they will be there to answer any questions you have along the way. That’s why we’ve done the research for you and compiled a list of the best mortgage companies in Sacramento, CA.

1. Reliance Financial

At Reliance Financial, we know that purchasing a home is one of the biggest financial decisions you will make in your lifetime. We also know that the process can be confusing, time-consuming, and even stressful. That’s why we have dedicated ourselves to empowering our clients every step of their way towards homeownership through transparency, prompt service, and patient gudiance. 

We leverage the most innovative technology and years of professional expertise to guide our clients in finding the right home loan. Whether you’re a first-time homebuyer or a seasoned real estate investing pro, we have the knowledge and resources to help you optimize your home financing experience.

And because we believe that diversity makes us stronger, our team members come from all walks of life. So whether you need help understanding the paperwork or finding the best loan option, we are here for you. 

Contact us today to get started. Email: sales@reliancefinancial.com

2. 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.

3. 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.

4. 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. 

5. 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

Sacramento is a great place to live, work, and raise a family. There are plenty of things to do in Sacramento, and the people are friendly and welcoming. The cost of living in Sacramento is reasonable, and there are plenty of job opportunities available. The schools in Sacramento are excellent, and there is something for everyone in this city. If you are looking for a stable and secure place to call home, then Sacramento is a great choice for you.

The best mortgage companies in Sacramento can help you finance your new home with the best possible rate and lowest closing costs. If you’re ready to take advantage of Sacramento’s real estate market, now is the time to act. Contact Reliance Financial today to learn more about our mortgage products and how we can help you power towards your home ownership goal.