If you’re looking for a home in the eastern San Francisco Bay area, Walnut Creek is a place to start your search. It is centrally located for commutes to several major cities (Oakland, Sacramento and San Jose) via major highways. On top of that, it is accessible by BART and has an active downtown with plenty of great places to eat and shop.
Due to the many features which make Walnut Creek an attractive place to live, the real estate market is active for both buyers and sellers. There are so many mortgage companies to choose from, and you need to pick one with expertise and a history of client satisfaction. This crucial decision can have a significant outcome on the loan that you receive and the terms and conditions that come with it.
Home Value Overview for Walnut Creek
As of July 2019, the median home value in Walnut Creek was $870,500. Home values have held steadily over the past several years, and they’ve only shown a minor fall of -0.7% in the last year. Although they are predicted to fall another -0.2% within the next year, this is a negligible decline compared to some other housing markets in the state of California.
Overall, despite the minor fall in home values within the past couple of years, the Walnut Creek housing market is doing well. Remarkably, the market has risen to its current median value ($870,000), from only $466,000, in June 2011. The slight decline forecasted within the next year shouldn’t deter you from buying a home in this city.
Tips for Choosing a Mortgage Company in Walnut Creek
You have plenty of choices when it comes to picking a mortgage lender in the Walnut Creek area. But what are the characteristics of a high-quality lender?
- Always choose a mortgage broker with a proven track record of success and a high level of knowledge about the housing market in the area where they work.
- You should always feel comfortable and informed throughout the home-buying process. A good mortgage broker will take the time to educate you and answer any questions about the home buying process.
- A good mortgage broker should be able to present all your loan options confidently. They will be able to give you a recommendation based on their experience and the pros and cons of the options provided.
Conclusion
Walnut Creek is a central hub which branches out into many large Californian cities, and the real estate market has been active in the past decade. As a result, there are many different mortgage lenders available, so be sure to choose wisely. Do your homework and find a top-notch lender that’s the right fit for your home-buying situation.
Compare rates for different lenders and see what kind of success their previous clients have had with buying homes. You’ll be one step closer to choosing a mortgage lender who can get you approved towards buying the home that you want.