Secure Your Dream Home with a Purchase Loan Today

Unlock Homeownership in Lakewood, CA with Summit Lending

Buying a home is a monumental step, and finding the right purchase loan can make all the difference in turning your dream into reality. At Summit Lending, headquartered in Tremonton, Utah, we specialize in providing customized home buying loan solutions for residents across California, including the vibrant community of Lakewood in the 90713 ZIP code. With over 50 years of combined experience, our dedicated team of mortgage brokers and loan officers is committed to guiding you through every stage of the mortgage process. Whether you're a first-time buyer or looking to relocate to this desirable Los Angeles County area, Summit Lending offers the expertise and support you need to secure the perfect purchase loan.

What Are Purchase Loans?

A purchase loan, often called a home buying loan, is a mortgage specifically designed to finance the acquisition of a new property. Unlike refinancing or other loan types, these loans cater to individuals or families aiming to purchase a primary residence, a second home, or an investment property. Purchase loans come in various forms, such as conventional loans, FHA loans, VA loans, and USDA loans, each offering unique benefits and requirements tailored to different financial situations.

At Summit Lending, we recognize that every homebuyer's needs are unique. That's why we provide a diverse array of purchase loan options to match your budget, credit history, and long-term goals. Our mission is to find the ideal loan product for you, ensuring a smooth path to homeownership in Lakewood, CA, and beyond. Explore our full range of mortgage loans to see how we can help.

Why Choose Summit Lending for Your Purchase Loan in Lakewood, CA?

With numerous lenders and mortgage brokers available, you might wonder what makes Summit Lending stand out. Here are several reasons why clients across California trust us with their home buying journey:

• Regional Insight: Operating in California, Utah, Texas, Idaho, and Wyoming, we have a deep understanding of local real estate markets, including Lakewood in the 90713 ZIP code. Our knowledge of Los Angeles County trends helps us secure competitive loans for our clients.
• Personalized Guidance: Our mortgage brokers prioritize your individual needs, offering one-on-one support to ensure informed decisions about your purchase loan.
• Decades of Expertise: With over 50 years of combined experience, our team ensures a seamless process from application to closing.
• Diverse Loan Options: From conventional to government-backed loans like FHA and VA, we provide various purchase loan products to suit your situation.
• Client-First Philosophy: Your satisfaction drives us. See why clients rave about us on our testimonials page with consistent 5-star Google ratings.

Ready to start? Reach out via our contact page or call us at 385-200-1470 to discuss your options for a home buying loan in Lakewood, CA.

Types of Purchase Loans Available at Summit Lending

We offer an extensive selection of purchase loan products to accommodate a wide range of homebuyers in Lakewood, CA. Below are some of the most popular options we provide:

Conventional Loans

Conventional loans are a popular choice for many homebuyers and are not insured by the government. They often require a higher credit score and a larger down payment but can offer flexible terms and lower overall costs for those with strong financial profiles. Summit Lending can assess whether a conventional loan suits your needs for purchasing a home in the 90713 area.

FHA Loans

Federal Housing Administration (FHA) loans are government-backed options ideal for first-time buyers or those with lower credit scores or limited down payment savings. With down payments as low as 3.5% and more relaxed credit criteria, FHA loans are a great fit for many in Lakewood, CA. Our team is ready to walk you through the application process to ensure you meet all requirements. Learn more about support for first-time home buyers in California.

VA Loans

VA loans cater to eligible veterans, active-duty service members, and certain military spouses. Backed by the Department of Veterans Affairs, these loans often require no down payment or private mortgage insurance (PMI), offering significant savings. If you're a veteran in Lakewood, Summit Lending is honored to help you secure a VA loan for your home purchase.

USDA Loans

USDA loans, supported by the government, aim to promote homeownership in rural and suburban areas with no down payment and low interest rates for qualifying borrowers. While Lakewood may not always qualify due to its urban proximity, nearby areas in Los Angeles County might. Summit Lending can help explore if this option applies to your home buying plans.

Navigating the Home Buying Process in Lakewood, CA

Securing a purchase loan involves multiple steps, and Summit Lending is here to support you at every turn. Here's an overview of the home buying journey:

1. Pre-Approval: Start with pre-approval to show sellers you're serious and understand your budget. Visit our pre-approval page for California to learn more.
2. Home Search: Partner with a real estate agent to find properties in Lakewood that match your needs and financial plan.
3. Making an Offer: Once you've found the perfect home, submit an offer. If accepted, you'll proceed to the next steps.
4. Loan Application: Formally apply for your purchase loan with Summit Lending. We'll assist in gathering documents like income statements and credit reports.
5. Appraisal and Inspection: The lender will appraise the property's value, and you may choose a home inspection to check for issues.
6. Closing: Finalize the process at a closing meeting, sign the paperwork, and take ownership of your new Lakewood home.

Our experienced brokers will be with you throughout, addressing concerns and ensuring a stress-free experience. For additional resources, especially if you're new to this, check out our guide for first-time home buyers.

Why Choose Lakewood, CA (90713) for Your New Home?

Lakewood, CA, located in the 90713 ZIP code, is a thriving suburban community in Los Angeles County, offering a fantastic quality of life for homeowners. Here's why securing a purchase loan in this area is a wise choice:

• Prime Location: Lakewood sits conveniently between Long Beach and Los Angeles, providing easy access to major highways like the 605 and 405 freeways. This makes commuting to nearby employment hubs or enjoying coastal attractions a breeze.
• Family-Friendly Environment: Known for its excellent schools, parks like Mayfair Park, and community events, Lakewood is ideal for families. The city's safe, welcoming atmosphere is a big draw for homebuyers.
• Strong Real Estate Market: According to data from the California Association of Realtors, home values in Los Angeles County, including Lakewood, have shown consistent growth, making it a solid investment. The median home price in Lakewood often hovers around $700,000, reflecting demand for this desirable area.
• Amenities and Lifestyle: From shopping at Lakewood Center Mall to dining and recreational options, the 90713 area offers everything residents need close to home. Its proximity to Long Beach also means easy access to beaches and cultural attractions.

Whether you're drawn to Lakewood for its suburban charm or strategic location, Summit Lending can help you secure a home buying loan to make this community your home. For more on California real estate trends, explore our California mortgage loans page.

Additional Services for Lakewood Homebuyers

Beyond purchase loans, Summit Lending offers a variety of mortgage solutions to support your homeownership journey in Lakewood, CA. If you're considering other financial needs, we provide:

• Refinancing Options: Lower your monthly payments or tap into home equity with our refinance loans in California.
• Construction Financing: Planning to build or renovate? Check out our construction loans in California.
• Commercial Loans: For investment properties or business needs in Lakewood, explore our commercial loan options.

Our goal is to be your one-stop shop for all mortgage needs. Use our loan calculator for California to estimate payments based on current rates.

Take the First Step Toward Your Lakewood Home Today

Ready to secure a purchase loan and begin your journey to homeownership in Lakewood, CA? Summit Lending is eager to assist. Our team of skilled mortgage brokers is just a call or email away. Contact us at [email protected] or dial 385-200-1470 to discuss your home buying loan options. You can also visit our office at 305 E Main Street Suite 202, Tremonton, UT 84337, for a face-to-face consultation.

For immediate next steps, upload your documents and apply directly through our secure portal at this link. Want to learn more about our services? Dive into our purchase loans for California page or read insights on our blog.

Don't Delay Your Dream Home in Lakewood, CA

At Summit Lending, we believe everyone deserves the opportunity to own a home. With our expert guidance, competitive purchase loan options, and unwavering commitment to client satisfaction, we're confident we can help you achieve your homeownership goals in the 90713 ZIP code. Don't hesitate; reach out today through our contact us page to get started. Whether you're in Lakewood or elsewhere in California, Summit Lending is your trusted partner for home buying loans. Let's build your future together.

Interested in what others have to say about working with us? Visit our testimonials page for real client stories. We look forward to helping you find your place in Lakewood, CA.