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    Hard Money Lender 310-478-5005 | Mortgage Broker Los Angeles CA

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    (310) 478-5005

    Los Angeles

    los angeles ca mortgages

    Known as the “City of Angels,” Los Angeles is the world’s creative capital. Specifically, it is home to Hollywood and the Los Angeles Music Center.

    Residents enjoy sunny weather, art galleries, and world-class restaurants continuously. Furthermore, you can cheer on professional sports teams nearby.

    Surrounded by glitz and glam, you soon feel like a star yourself. Consequently, moving to L.A. represents a world of exciting professional opportunities.

    Why Is It Hard to Find an Affordable Mortgage in Los Angeles?

    L.A. is an incredible place to live. However, Southern California features a very high cost of living.

    High Living Costs

    Everything costs a significant amount of money here. Goods are expensive to begin with. Furthermore, sales tax increases bills for food, utilities, and gasoline.

    Rising Property Values

    This high cost of living reflects directly in home prices. Consequently, home values in Los Angeles continue to climb steadily each year. Thus, living in L.A. becomes more challenging for average buyers.

    Income and Price Gap

    Here is the main challenge for local residents. Affording an average L.A. home requires earning over $90,000 per year. However, average census data shows local income closer to $50,000.

    Therefore, living here requires working with a qualified Los Angeles mortgage company.

    PacShores Mortgage Can Help You Move into Your Dream Home

    At PacShores Mortgage, we help buyers become confident homeowners. Indeed, our customers come from diverse financial backgrounds and age groups.

    However, they all share a deep love for our beautiful city. They also share a strong desire to make Los Angeles their permanent home.

    Affordable Loan Access

    As your mortgage broker, we locate affordable home loans easily. Specifically, we access a vast network of competitive lenders. Furthermore, our partners offer exclusive discounts for referred clients.

    Lowest Mortgage Rates

    We help you secure low mortgage rates across Los Angeles. Our lender network provides special unadvertised interest rates. Consequently, you receive unique savings not available elsewhere.

    First-Time Homebuyer Support

    First-time buyers access FHA loans and flexible mortgage plans. Furthermore, we introduce you to local L.A. assistance programs. As a result, you reduce down payment demands and monthly insurance costs.

    Comprehensive Resources

    PacShores Mortgage provides complete resources for the home buying process. Therefore, we save you money while streamlining your approval journey completely. This process cuts back on unnecessary headaches and hassles.

    Contact Us Today!

    Do not feel daunted by high home values in local neighborhoods. Indeed, an L.A. home may be closer than you think! Get in touch with PacShores Mortgage today.

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    los angeles ca mortgagesKnown as the “City of Angels,” Los Angeles is the world’s creative capital, home to Hollywood, the Los Angeles Music Center, and the USC School of Cinematic Arts. Living here, you can enjoy sunny weather, museums, and galleries, sensational shopping and world-class restaurants, all while cheering on the city’s professional sports teams. Surrounded by the glitz and glam of the rich and famous, you’ll soon come to feel like one of the stars yourself. With a competitive job market, a move to L.A. represents a world of opportunity.

    Why Is It Hard to Find an Affordable Mortgage in Los Angeles?

    L.A. may be an incredible place, but in terms of cost of living, Southern California is pretty much as bad as it gets. Everything costs an arm and a leg here. Goods are expensive to begin with, and when you tack on a hefty sales tax, you are looking at high bills for food, utilities, gasoline, and more.

    As you might expect, this high cost of living is also reflected in high housing costs. As of 2017, the median value for a home in Los Angeles is an astonishing $626,800. That cost has risen steadily over the past year (8.5%), and is only continuing to climb. So, it is becoming more unaffordable to live in L.A., not less.

    Indeed, here is the quandary for most Los Angeles residents. To afford the average L.A. home, you need to be making in excess of $90,000 per year. But the average income in Los Angeles is closer to $50,000 per year (that data comes from the census).

    If it is your dream to live and work here in the City of Angels, you may wonder if doing so is even possible. It is—but to find a mortgage you can afford, you need to work with a qualified Los Angeles mortgage company.

    Pacshores Mortgage Can Help You Move into Your Los Angeles Dream Home

    Here at Pacshores Mortgage, we have helped turn numerous homebuyers in Los Angeles into homeowners. Our customers are diverse in terms of age, income, prospects and goals, but they all have thing in common, and that is a love for our beautiful city and a desire to make Los Angeles their home.

    Here is how we can help:

    • As your Los Angeles mortgage broker, we can help you find an affordable home loan in L.A. We have access to a vast network of lenders who offer loans with friendly terms to customers in a wide variety of financial situations. Our lenders even make exclusive discounts available to customers we refer.
    • We can help you find the lowest mortgage rates in Los Angeles. Our network of lenders offers special low interest rates to our customers which are not publicly advertised. You are not going to find deals like these anywhere else.
    • If you are a first time home buyer, we can help get you set up with an FHA loan or another affordable mortgage plan. We will introduce you to local programs for home-buyers and homeowners in L.A. which can reduce your down payment and help you to afford your premiums and insurance.
    • Pacshores is your Los Angeles mortgage company, and provides you with the information and resources you need to understand the home buying process from top to bottom. We can help you save money on your mortgage in L.A. while streamlining the entire process. This cuts back on headaches and hassles.

    See what our clients say about us

    Thanks PacShores for coming through for me in the nick of time. After our Parents passed away and left the small apartment units that I was living in to me and my two siblings, they needed to get out their portion of the inheritance and were determined to force me to sell the units. I needed to keep the property for my family and avoid selling in such a down Market. My Income was low and the Banks refused to accepts the Rental Income from the other Tenants and to approve my loan. It wasn’t a problem when I contacted PacShores, they funded my loan in no time, paid off my siblings, hassle free, and I am very glad I found them.

    Tony – Orange, California

     

    I took over some Apartments that my Dad owned and had been renting out over the years. Some of the tenants had been there for 10 years and more, the Properties have gotten in disrepair, and the County had also filed substandard violation Liens on the Properties. All the Lenders that I had applied to for a Cash-Out Loan, turn down my application due to the condition of the Properties. With the help of the Loan Officers at PacShores, we were able to customize a loan for me that set aside funds to complete the needed repairs, and clear up all the Substandard Notices and Liens on the Properties, and the extra cash that I needed.

    Tracy – Los Angeles, California

     

    Hi, I am Real Estate Broker, and Short Sale specialist, and I had very well qualified Buyer with almost 50% cash down payment, under contract on a highly discounted Investment Property purchase. After 3 weeks of getting the runaround with their Bank including my regular Lenders that I normally use, I was convinced they would lose out on this great deal. Luckily an associate referred me to PacShores Mortgage, and within 24 hours they drove buy the property, and had Closing Documents in Escrow by the third day and funded the loan right after. They saved this deal for us. I couldn�t thank them enough and would use and recommend them to all my associates in the future.

    Javier – West Covina

     

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    Right now, you may feel daunted looking at home values in neighborhoods throughout Los Angeles. But a home in L.A. may be more affordable than you think. Whatever your situation, get in touch with Pacshores Mortgage at 310-478-5005. We will help you find the perfect home loan to fit your needs. You could be moving into your Los Angeles home sooner than you think!