California Mortgage Rates

Live custom mortgage rates and costs in seconds! – No email, Social Security Number or Personal Information is required. Serving home buyers in Los Angeles, San Diego, San Francisco, Sacramento, and all other California cities.

Your Best Rates Here

$ 3,792
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
/mo
6.500%
6.751%
2.194
$0
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$ 3,942
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
/mo
6.875%
6.996%
0.833
$0
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$ 4,042
The monthly payment shown is principal and interest only and doesn’t include property taxes and homeowners insurance.
/mo
7.125%
7.164%
-0.094
$0
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Connect with a Mortgage Advisor Today!

Whether you’re buying a home or ready to refinance, our professionals can help.

Live Mortgage Rate Quote Tool – Live Rates 24/7 

Over 15 years ago we decided to be one of the first mortgage companies to allow our clients to get rates and costs online with our online rate quote tool. This transparency has helped us build trust with our clients and empowered them to take control of the mortgage process and with guidance from our highly experienced Mortgage Advisors make informed decisions on what loan structure works best for their specific situation.

Current Mortgage Rates for California

With a median home value of approximately $743,435 as of January 2024. If you’re planning to obtain financing, and you’re considering buying a home in the California market, Sammamish Mortgage can be of assistance. Sammamish Mortgage has been serving customers for over 30 years and provides highly competitive mortgage rates for homes. If you’d like to learn more, contact Sammamish Mortgage today and we can get you a current mortgage rate quote right away.

Use Our Convenient Rate Quote Software

Our team of specialists can provide you with the sort of counsel you need to reduce your rate and minimize your monthly payment obligation. What’s more, interested persons can take advantage of our convenient rate quote software and generate an instant rate quote. To use our system, you will simply need to provide us with a few pieces of information, including certain details about your financial situation and your desired property.

  • Closing Costs include everything except prepaid items which include property taxes, homeowner’s insurance and daily interest
  • The payment shown DOES NOT include taxes or insurance.
  • PMI is required on loan to values over 80% except on VA loans.
  • Accurate Rates and Costs in Seconds– Our rate quote tool provides transparent California mortgage rates and closing costs instantly with no personal information including email required.
  • What is Included in the Closing Costs Quoted – Our rate quote tool includes all lender AND third-party fees in the closing costs shown. This includes appraisal, title insurance, county recording, etc. The only things not included in the costs shown are your prepaid items which include property taxes, homeowner’s insurance and daily interest.
  • Detailed Cost Breakdown – Want a breakdown of the closing costs? Click on the view tab under details and you will see the individual costs broken up.
  • Transparency – With all of your options shown in one spot you can select the best mortgage rate and cost option that fits your specific needs. Unsure of which option is best for you? Our experienced Loan Officers can help guide you.
  • How Long Does the Process Take? – We routinely close purchase transactions in less than 30 days and in some cases much faster.
  • Need a longer lock? We offer locks as long as 180 days.
  • Putting less than 20% down? Reduced PMI options available with as little as 3% down.

Rates Depend on Multiple Factors

Sammamish Mortgage makes use of an innovative software platform that provides you with an instant rate quote. The system does this by comparing multiple lenders and investors from across the US, providing real-time results. All you need to do to get your rate quote is to input a few pieces of information, and within seconds, you’ll receive an accurate breakdown of the interest rates and costs available for you. You won’t have to supply any personal information to obtain this data, either. The mortgage experts at Sammamish Mortgage always work to ensure that the best interests of our clients are always met.

Loan Purpose

The term “loan purpose” is used in the mortgage industry in the US to describe the reason why an applicant is looking to apply for a loan. The lender will use the purpose of the loan to make decisions on the risk level of the borrower. The loan purpose could also affect the interest rate offered by the lender. The most common examples include purchase, rate/term refinance (no cash-out refinance) and cash-out refinance.

Down Payment

The down payment refers to the equity amount that the buyer puts towards the purchase price of a home. For instance, a home being purchased for $500,000 with a $100,000 down payment means the buyer will have 20% equity in the new home. In general a larger down payment results in better rates and closing costs for your loan. Down payments below 20% usually require some form of mortgage insurance which would be an added cost to you. The exception is for VA financing.

Loan Amount

This term refers to the amount that the borrower must pay back to the lender as stipulated in the loan contract. The loan amount is one of the main factors in determining what rate and loan program you’ll be eligible for. For the most common loan programs such as conforming or FHA financing there are loan limits. Anything above those limits results in a borrower being ineligible for that program and subject to different rates and fees. In general VA loans have the best terms followed by conforming loans and select jumbo loans for really qualified borrowers or high net worth clients.

Credit Score

A credit score is a numerical figure that expresses the creditworthiness of a consumer. A higher credit score is better when it comes to taking out a loan, as it reduces the lender’s risk when loaning out funds. A credit score is affected by repayment history, number and age of open accounts, total debt levels, and credit utilization. Credit is a key deciding factor in determining what rates and costs you’re eligible for. High credit scores over 740 will get you the best rates available. Adjustments to the terms available for most loan programs occur in 20 point increments. For example the second best credit score range would be 720-739, then 700-719 and so on.  Once your scores drop below 640 the programs you will qualify for will be severely limited.

Purchase Price

The purchase price refers to the price that a buyer pays for a property.

Property Type

Property type refers to the characteristics and configuration of a dwelling. For instance, detached homes, townhomes, and condos are all examples of different property types. Single Family Home will have the best terms when compared to other property types. Provided you put down more than 25% condos will be second best followed by multi-family 1-4 units. Properties like co-ops and manufactured homes will usually have higher rates and it will be more difficult to find lenders that will accept those property types.

Occupancy

Occupancy refers to the status of the people living in a home. For example, a home may be occupied by the owners, or by tenants who pay the owner rent in exchange for the right to live in the home. Owner Occupied homes will have the best rates followed by second homes (vacation homes that are not rented) and investment properties which include any property that does not fit the classification of a primary residence or second home. This includes rental properties, homes a family member occupies for free or a speculative property that is vacant.

Loan Program

A loan program or loan type refers to the type of loan being taken out to finance the purchase of a property. In the US, common mortgage loan programs include fixed-rate mortgages, variable-rate mortgages, conforming loans, FHA loans, and VA loans. Fixed-rate loans can come with different terms such as a 30 year fixed, 20 year or 15 year fixed. ARM’s or adjustable rate mortgages are usually fixed for a specified period of time and then adjust annually after the initial fixed rate period.

Rate quote isn’t what you expected?

If your instant rate quote isn’t what you expected, we can provide counsel on how to potentially transform your quote into something more acceptable. Sammamish Mortgage is a family-owned mortgage company with over 30 years of experience in the industry. We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO and CA. If you’re looking to buy a home in one of these states, we can help!

Our Reviews

Christopher J.
April 16, 2024
This is my third time using Sammamish Mortgage to secure a home loan. Theyre always professional, fast and provide a smooth process for the customer. Ryan (and team) go above and beyond to ensure you have the right information to make informed decisions to maximize your loan and reduce costs and interest rates.
Amy L.
April 13, 2024
First class! We had a complicated situation to close but Sandra and Jana worked diligently to close just a day late.
Tommy F.
April 12, 2024
They were very easy to work with and gave us the best loan rates available to us.
Lisa E.
April 5, 2024
Very positive. Good communication. User friendly website.
Stelina S.
April 4, 2024
I enjoyed working with Sandra and Barb. They were kind, friendly and responsive.
Brian Cohen
March 27, 2024
I shopped around and found Sammamish to offer great rates with complete transparency. Throughout the process, I only spoke to two people (Nick and Tonya), which kept communication simple. Nick and Tonya were easy to reach and answered my questions clearly and enthusiastically. The best part of working with Sammamish was their speed. They were super fast, ready to close quickly. It was an excellent experience all around.
Doris Tai
March 27, 2024
My husband and I recently purchased our first property by using Sammamish Mortgage. They provided us the best rate among other lenders with no junk fee. They are also really professional and responsive throughout the whole process. Highly recommended.

Sammamish Mortgage Can Help You with a Rate Quote

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We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR, CO & CA. If you’re looking to buy a home in one of these states, we can help!

  • Sammamish Mortgage No Cost Program
  • Live Real-Time Custom Rates and Costs
  • Low Mortgage Rate Quotes and Fees
  • Detailed Cost Breakdown
  • On Time Closing
  • Transparency In All We Do
  • Unparalleled Reputation
  • Communication Is Key
  • Reduced Monthly PMI
  • Fast Appraisals
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No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.

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