Sacramento has long been an important city for California’s government, but those who live here know that it is also one of the most exciting cities to live in California. Ongoing economic growth in the area has resulted in a population boom as young adults, families, retirees, and other groups have relocated to Sacramento to enjoy all the great amenities that the region has to offer.
The result of this growth is a highly competitive housing market and purchasing the right home for you and your family in Sacramento requires not only a loan but a loan originator who can help you go through the process and get the lowest interest rates and best loan terms.
Mike Landrum at Landrum Loans is a loan originator, helping residential and commercial property buyers in Sacramento apply and close on the loan they need for their purchase. As a local to Northern California, Mike Landrum is highly experienced with Sacramento mortgage lending and takes pride in also providing ongoing service with personalized advice and a team that works with you from start to finish.
Start a loan application for a Sacramento home purchase today when you call us a (916) 813-9306 or fill out the form online.
Why Choose Landrum Loans for Mortgage Lending in Sacramento?
The loan process involves more than simply qualifying you for a loan. First, you want to make sure you are getting the best loan for your desired home purchase, your budget, and other aspects of your economic situation. This means securing the right loan terms and interest rate where even a percentage point can make a significant difference.
At Landrum Loans, we have experience working with lenders throughout Northern California. We know how to manage the process, from what type of loan you need to secure to be competitive in the Sacramento housing market to all of the connections with mortgage brokers that will let us secure the right loan.
We are focused on the details as well to be sure that you are up to date and on track to close on time, including handling paperwork and keeping every piece in order to meet your deadlines. With our knowledge of the local market and lending, we also provide personalized feedback in the loan process. We have input into the loan types that are right for you and can provide advice on how you can potentially secure a better loan for a better chance at the house you want.
You will work personally with Mike in the process. With regular calls and texts when you have questions about your loan, you can expect that the answers to your questions and the support you need are only a few minutes away as we work with you to secure the best loan in Sacramento.
Updates on the Sacramento Housing Market for 2022
The housing market in Sacramento has been on an upward trajectory for the last several years as the area has seen a steady influx of new residents. This has led to increasing home values and a fast paced market where many homes are often on the market only for a few days.
This growth and increased competition in the housing market results largely from:
- New Companies Opening Headquarters in the Sacramento Area
- Growth in Local Tech Startups
- Transplants from the Bay Area
- Limited Amount of Housing Available
Increased building in the region and the increase in interest rates have caused the market to cool somewhat. Across the Sacramento area, there are several thousand homes to choose from and sellers are starting to benefit from price drops.
But this does not mean the market is any less challenging. You should still expect a fast paced market – the average home is on the market for less than 10 days – in which you need to be ready to move when the right home comes available.
Why Live in Sacramento, CA?
Longtime locals and new residents to Sacramento all find this a fantastic area to live in. It has all of the great amenities of the larger cities in the Bay Area without the cost and with a more local atmosphere.
Those who live in Sacramento enjoy beautiful weather, endless activities, and a lively community with:
- Farm to Fork Restaurant Capital – If you like food, there is no better place than Sacramento. Consistently ranked best in the country for coffee and breweries, you will also find fresh produce, often grown only a few miles away, at all of Sacramento’s excellent restaurants and farmers markets.
- Growing Number of Jobs – Sacramento is experiencing a tech boom. There are also many non-tech jobs and a variety of state jobs, all keeping the employment market growing.
- Top Education – Sacramento has a number of options for preschool and K-12 education, including both public and private schools. For older students, Sacramento has multiple community colleges, CSU Sacramento, and UC Davis close by.
If you need to venture further out, Sacramento is also close to destinations like Napa Valley and Lake Tahoe, but uou will find a range of different amenities, including restaurants, shopping, schools, activities for families and children, and more in all of Sacramento’s great neighborhoods. From the growing North Natomas neighborhood to beautiful East Sacramento to all of the surrounding suburban neighborhoods, there is a location and in Sacramento that has everything you want, still at highly affordable costs with less traffic and easier access.
Things to Do in Sacramento
Sacramento is a top destination and it is packed with things to do. Some great options include the:
- Crocker Art Museum
- Old Sacramento
- Sacramento Kings
- DOCO
- Safe Credit Union Performing Arts Center
- Sacramento Zoo
- Bars and Clubs in Midtown
All of these and more are located right within the city limits of Sacramento, but there are also many great amenities less than an hour away. You can go wine tasting at the Old Sugar Mill in Clarksburg, spend a day on the lake at Folsom Lake, or walk around the Sacramento National Wildlife Refuge to view over 300 species of birds and other animals.
Popular Restaurants in Sacramento
Sacramento is known for its restaurants and you could likely eat at a different one every day of the year and not run out. With staples and new restaurants opening frequently, there is a range of options for everything from a casual lunch to the ultimate date night. Some of the most popular restaurants in Sacramento include:
- Ella Dining Room and Bar
- Paragary’s
- Cafeteria 15L
- Mikuni’s
- The Firehouse
- Bacon & Butter
- Dad’s Kitchen
- Temple Coffee Roasters
These are also just the restaurants in Sacramento. When you head out to the surrounding towns of Roseville, Folsom, and El Dorado Hills, you will have even more options to eat at.
Which Loans to Consider to Finance Sacramento Housing
With this diversity in neighborhoods, house prices in Sacramento can vary extensively. Median home prices are in the 500,000s, but you will see many homes going for 800,000 or more. For these homes, a jumbo loan or non conventional loan is the best option.
Landrum Loans can help you navigate the often larger downpayment necessary to qualify for these loans or connect you with the options available that have a lower down payment.
For starter homes around 500,000 or below, available loan options can include:
Based on the type of home you are buying, we can work with you to determine which of these loan types will be the right solution.
Apply for a Mortgage in Sacramento – Contact Landrum Loans
Sacramento is a city that continues to get better and better. We know this at Landrum Loans because we are local to the area, making us the best choice to help you secure your loan when you are buying a home in Sacramento or any of the surrounding areas like Folsom, El Dorado Hills, Rancho Cordova, and more.
Let’s get started with a conversation about what you were looking for, what makes the Sacramento area great, and how our team can help you. Give us a call and we will start discussing your options.