Who has the best mortgage rates in California?
I’m looking for a primary, single-family home in for , and credit score.
Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders with low rates in CA
TrueRate analyzed the rates lenders actually gave to buyers for the last three years and found only a few lenders likely to get you a good deal.
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Insights
Negotiate everything—rates, fees, and terms are not set in stone.
George Robinson TrueRate Data ScientistLenders in CA likely to have high rates
We don’t accept advertising, so you can get the real lender story. TrueRate looked at 72 lenders and found that these lenders are likely to offer you a high rate.
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Insights
Whether a lender has high margins or is simply inefficient and passing their costs on to you, the result is the same—you’ll likely end up paying more for your home. Our data shows that if you choose these lenders you will likely regret it.
George Robinson TrueRate Data ScientistLenders with average rates in CA
You deserve better than what these lenders historically provide.
Sorry, no lenders were found.
Methodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Don’t let lenders pull a fast one on you
Learn how really low rates often come with hidden fees. Drag the slider to see how rates and fees are connected.
Insights
Insights by James McTernan Tomo Mortgage Loan Advisor - NMLS #337556TrueRate report
See how mortgage companies got home buyers to over-pay by billions.
Get the reportMethodology
We believe in transparency. Here’s how we crunched the numbers.
Based on lender data from 2023 with at least 10 loans similar to yours with 0 points for a 30-year fixed mortgage.
Let’s talk about buying a house in California
Buying a home in California is no easy task. High mortgage rates are tough enough—but when paired with California’s extremely high home prices, buying a home is even harder.
Let’s start with mortgage rates. After peaking in recent years, rates are finally starting to come down in 2024 and 2025. That’s welcome news for buyers hoping to avoid locking in a 30-year fixed mortgage in the 7% range. But in California, where home prices are some of the highest in the country, even a small change in interest rates can have a big impact on affordability. That’s why it’s more important than ever to shop around for the best possible rate.
In major areas like San Francisco, Los Angeles, and Silicon Valley, median home prices are easily in the million-dollar range. Cities like San Diego and Orange County aren’t far behind.
Still, California remains highly desirable. With its sunny weather, booming tech industry, and diverse lifestyle offerings, the state continues to attract buyers. Demand remains strong, particularly in tech-driven regions, and a limited housing supply means that prices haven’t dropped as much as some buyers may have hoped—even as rates have started to ease.
There are, however, programs that can help. First-time homebuyers and those who qualify for FHA loans may benefit from lower down payment requirements and reduced mortgage insurance costs, making homeownership a bit more accessible.
So, what does the 2024 California housing market look like? It’s defined by high interest rates, steep home prices, and strong demand—but also by opportunity for those who are prepared. Finding a good deal often takes patience, persistence, and sometimes a willingness to consider a fixer-upper in exchange for a shot at the California dream.