Now, with our state-by-state look at the best mortgage interest rates, we’re going to look at the best home loans in California.  At Peak Personal Finance, we know that a home is the number one investment for most of us and getting the best home mortgage rates is important to our financial well being.

For our loan information here, we are assuming the following: $350,000 in loan, a 5% down payment (minimum), the ability to pay all fees associated, and a credit score of at least 700.  Your rates may vary according to your circumstances, of course, but these are a good general guideline for California.

The 30-year fixed rate best home loans in California are at Quicken Loans with a 5.722 annual percentage rate (APR) and $3,685 in fees.  This includes a 45-day lock in time, monthly payments of about $2,015 and no points.

A 15-year fixed is also at Quicken Loans for the best mortgage rates in California.  This is at 4.944% APR, no points, has $1,600 in fees, a 45-day lock in period, and monthly payments of about $2,745.

The showing for a 30-year FHA fixed loan has best home mortgage rates in California at both Quicken Loans and Mortgage Capital Associates.  They are showing a 5.65% APR, $3,685 and $950 in fees (respectively), no points, and estimated monthly payments of $1,987 and $2,015 respectively.

AimLoan has another FHA 30-year fixed worth considering at 5.803% APY, no points, $1,995 in fees, no points, a 60-day lock in period, and estimated payments of $2,043 per month.  Scores can be as low as 670 for this rate.

Of course, your circumstances will vary and be sure to talk to your financial advisor before making any decisions on your new home purchase.  Check back often to find out the best home mortgage rates in California.