Riverside is a city and the seat of Riverside County in California. It is the most populous city in the Inland Empire with 2.42 million people. It is the birthplace of the California citrus industry and home of the Mission Inn, the Riverside National Cemetery, and the University of California, Riverside. Its economy consists of light-industry, manufacturing aircraft components, automotive parts, gas cylinders, electronic equipment, food products, and medical devices. Citrus production and packing houses still exist within the city, despite being in decline.
The median price of a Riverside County houses has risen amidst the price drop across Southern California for the first time in seven years. Riverside County home values have gone up by 4.6% over the past year, according to Zillow, predicting they will rise further by 2.6% 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.
First Lending Solutions. One of the highest-rated lenders in Google, Yelp, and Zillow, Riverside-based First Lending Solutions offer free rate quotes, home purchase qualifier, and refinance rate checker on its online platform, in addition to a slew of tools and resources for anyone who wants to do due diligence before they take the leap. The number of loan products are equally comprehensive as the company offers fixed- and adjustable-rate, FHA, VA, jumbo, 203k, USDA, and reverse mortgages.
Paramount Residential Mortgage Group. Based in Corona, Paramount services the area along with 48 states, offering Fannie Mae and Ginnie Mae products and its diverse portfolio to customers. As a privately held mortgage banker and residential home lender, Paramount has helping many borrowers purchase and refinance their homes since 2001, and this fact is evident in the thousands of positive feedback it has received. The company’s list of products include FHA, VA, USDA, conventional, jumbo, and non-QM loans.
South Pacific Financial Corp. Founded in 1982, South Pacific Financial Corporation (SPFC) offers a diverse array of mortgage loan programs, including conventional, jumbo, FHA, VA and USDA loans at competitive rates. Its website has a number of functions, including a secure online payment site. It is one of the highly-rated lenders in the Riverside vicinity. SPFC was included in the list 50 Best Mortgage Companies to Work for in America in 2004.