Pasadena is located northeast of downtown Los Angeles, with an estimated population of 142,647 people in 2017. The city is known for hosting the annual Rose Bowl football game and Tournament of Roses Parade. The city is known for being one of the primary art and cultural centers in the San Gabriel Valley, thanks to its rich performing and visual arts scene, museums, and galleries.
The median property value in the city is at $698,700, but buyers should expect to pay more. In 2018, buyers have paid between $2 and $3 million for a house and has risen steadily. According to Zillow, Pasadena home values have gone up by 2.0% over the past year and will continue to rise by 0.6% within the next year.
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.
Better.com. Better offers a fully online process for loans, making it the ideal choice for those who prefer to do business with their devices. For first-time borrowers who want to talk to a human, the company has a team of loan officers who can provide support. Loan products start as little as 3% and Better is known for trying to beat their competitors by about $1,000. Moreover, it offers mortgage products to those who lack traditional documents like self-employed individuals.
Provident Lending Group. This company is a mortgage banker operating out of Glendale, California. It has a comprehensive suite of mortgage products, including home purchase, home refinance, home equity, cash-out home, jumbo, government-backed, and reverse mortgage loans, among others. The company offers a number of tools in its website that can help customers assess their needs, including a free debt eliminator, loan calculators, and free reports. Highly reviewed and highly rated, Provident is worth checking out for those who are looking for a more local option.
CIT Bank. CIT Bank in Pasadena is part of the CIT holding company, whose has over $64 million in assets in 2016. CIT Bank has more than $30 billion deposits and $40 billion in assets. The company offers loans of varying terms, from 10-year to 30-year mortgages. It also offers the FHA, Fannie Mae, and exclusive bank portfolio programs for well-qualified borrowers. For those with CIT accounts, the company offers a $-525 cash back and further reductions on mortgage rates depending on the size of the deposit.