Mortgage Rates And The Best Lenders

Irvine is a master-planned city in Orange County, with a population of about 276,176. The city is known for its industries, particularly in the technology and semiconductor sectors. Moreover, it is home to a number of educational institutions, such as the University of California, Irvine (UCI), and destinations like the Ayn Rand Institute, Orange County Great Park, and the locations of numerous film projects. Irvine is considered one of the best cities for startups owing to its fast-growing economy.


Irvine has one of the more expensive median property values in the United States with $753,400 and rising. According to Zillow, home values have gone up by 1.2% over the past year in Irvine, but it predicts a -0.2% fall within the next year. The same sentiment is echoed by realtors and economists who predict that home prices may drop owing to rising mortgage rates and more people leaving.


Irvine mortgage rates


As of Friday, May 3, 2019, the mortgage rates in Anaheim are 4.34% for a 30-year fixed mortgage, 3.85% for a 15-year period, and 4.8% for a 5/1 ARM mortgage.


Best mortgage lenders in Irvine


NBKC. NBKC Bank is ideal for borrowers who prefer to their transactions online owing to the bank’s robust online and mobile platforms that are available on Android and iOS. It allows customers to complete and track their application online, as well as sign documents electronically. It offers a comprehensive suite of products, from conventional loans to home equity loans to deposit accounts. NBKC offers rate locks and zero lender fees for VA borrowers.


Chase. Chase Mortgage hardly needs an introduction, but for those who do we need a refresher, it is one of the biggest players in the mortgage industry, offering a full suite of service. It has all the products one would expect from a lender this size, including, purchase, refinance, home equity, jumbo, fixed and adjustable, and government-backed loans. Further, those who currently bank with Chase has an advantage on receiving rate discounts.


New American. Ideal for non-traditional borrowers, New American provides loans to individuals who don’t fit the traditional evaluation methods, such as those who are self-employed, through manual underwriting. However, a full online mortgage application process is still available for those who have the required documents. New American offers sundry loan products, including purchase, refinance, jumbo, and interest-only mortgages, in addition to government backed loans and down payment assistance for low-income borrowers.