Mortgage Rates And The Best Lenders

Situated west of downtown Los Angeles, Malibu is known for its beaches and being the home of a number of Hollywood actors and actresses. It is a predominantly rural-residential community peppered with shops and restaurants that cater to its visitors, who are mostly from larger cities like Los Angeles. The city’s largest revenue source is property tax, which is driven by the strong residential real estate market in the city.


Homes in Malibu are not for those looking for affordable homes. According to Redfin, median sale price in the area reached $2.6 million in March, up from $2.5 million in February. More expensive houses are found in certain locations, such as the Malibu Colony Beach, which was the region’s costliest enclave in for the second consecutive year in 2018.


Malibu mortgage rates


As of Friday, April 26, 2019, the mortgage rates in Malibu are 4.29% for a 30-year fixed mortgage and 3.84% for a 15-year period. For adjustable-rate mortgages (ARM), the rate is 4.79%.


Best mortgage lenders in Malibu


Pacific Oaks Mortgage. Pacific Oaks is one of the highest-rated mortgage companies in the Malibu vicinity. The company offers loans for purchasing a home, in addition to government-backed FHA and VA loans. Its site is not the most technologically impressive among the bunch, but it does feature simple several calculators for refinancing, renting-versus-buying, monthly payments, and mortgage qualification.


Julie Aragon. Operating out of nearby Santa Monica, Julie Aragon is composed of a team of brokers, who offer various mortgage products from different fund sources. According to the company, it has brokered the release of some $533 million in loans so far. It combines online and live consultation and services the entire Los Angeles area. It is also one of the highest-rated providers of mortgage and loan products in the area.


Community First Mortgage. Situated in the Westlake area, Community First has been offering mortgage services since 1986. Its website does not have the flair of its larger peers, but it features simple tools that let you compute your monthly payments. It offers home purchase loans and home refinancing; pre-approval can be completed in three hours, it claims. It’s also one of the most favorably reviewed lenders in the area.