October 15th, 2012 6:08 AM by Nathan Rufty
California has some of the most attractive homes in the United States. A lot of persons have chosen California as their place of residency. If you are one of those people that want to live in California as well, checking out Mortgage rates would be quite helpful in the search for, also now is one of the best time to purchase a mortgage in California because rates are lower than average. There are many companies where you can get a mortgage in California and each company probably only covers a section of the state, it’s best to shop around and find the company that suits you the best. The mortgage rate in California differs from place to place. California is divided into three main sections, and these sections are North Carolina, Central California and Southern California.
Where to find mortgage rates
It is not difficult to find a mortgage company in California and every reason is covered by a company or mortgage dealer. The best way to find a mortgage dealer is first to visit your bank to find out if they have any mortgage deals out there. California is one of the most dynamic states in the United States, they are the home of many celebrities, business persons and socialite and for this reason you would expect California to have pretty good mortgage rates. Here are some of possible branches by county that you could visit to get a mortgage.
Northern California
Possible cities: Sacramento, Yreka, Eureka, Chico-Redding, Santa Rosa and Lake Tahoe.
Ihldirect – There rate is one of the lowest in Northern California with less than 4% mortgage return rate
Quicken Loans -There have the best deal across Northern California covering more area than other mortgage companies
American Interbank Mortgage
Amerisave Mortgage Corporation
Greenlight Financial Services
For each one of these companies it is possible to get a quote and there is more than likely a branch near to you if you are living in Northern California
Central California
Possible cities: San Francisco, Santa Cruz, San Jose, Fresno, Berkeley, Santa Clara, Modesto and Oakland
Like Northern California some of these companies can be found in Central California as well such as American Interbank Mortgage and Amerisave Mortgage Corporation also the rates will not change for the part of the state you reside for southern California these Companies also remains the same.Southern California:
Possible cities: San Diego, Escondido, Palm Springs, Bakersfield and El Centro
For most of these mortgage dealers there is a possible site that you could visit in order to compare rates, get more info and get a quote
The average mortgage rate in California
The average mortgage rate in California runs from as a high as 5% to as low as 3.5%. Around those numbers are the average mortgage rates. Also you can visit hsh.com to find different rates near you. With this site you can choose the quote you want and the type of loan you wish to get. You can also select the amount of money you would need on this loan and in return the companies with the best rates that matches your search will appear.