Money’s Top Picks for California Mortgage Lenders

California, known for its high home prices and competitive real estate market, has seen a surge in jumbo loans as residents seek to purchase luxury homes in desirable locations. With the median home value in California significantly higher than the national average, jumbo loans have become a popular choice for many homebuyers in the Golden State.

In light of the economic challenges brought on by the coronavirus pandemic, many potential buyers are still taking advantage of historically low mortgage rates to make their dream of homeownership a reality. To help navigate the complex world of mortgage lending, Money has compiled a list of the best mortgage lenders in California for various loan types.

Chase Home Lending has been recognized as the best option for jumbo loans, catering to California’s high-value housing markets. With exclusive discounts for existing Chase customers and a range of mortgage products, Chase offers a seamless and efficient mortgage process for borrowers.

For conventional mortgage loans, Quicken Loans stands out as the top choice in California. With a track record of high customer satisfaction and unique mortgage options like the YOURgage program, Quicken Loans provides flexibility and personalized solutions for homebuyers.

When it comes to refinancing, LoanDepot is the top pick for California residents looking to take advantage of low mortgage rates. With a focus on customer service and a streamlined refinancing process, LoanDepot offers a lifetime guarantee and innovative products like the Mello Smartloan.

By considering factors such as loan products, customer experience, and reputation, Money has identified the best mortgage lenders in California to help residents navigate the competitive real estate market and achieve their homeownership goals. With the right lender by their side, California residents can make informed decisions and secure the financing they need to purchase their dream home.