Costa Mesa Mortgage and Mortgage Brokers


About Costa Mesa


Costa Mesa is a city in Orange County, California. Costa Mesa had a population of 113,615. Costa Mesa has grown from a semi-rural farming community to suburban area and one of the region’s largest commercial clusters, with an economy based on retail, commerce, and light manufacturing. Its location provides easy access to many of Southern California’s major attractions, including beaches, mountain areas, deserts, theme parks, and Los Angeles. Costa Mesa is also the capital of the action sports industry and the headquarters for several major brands.


Costa Mesa Mortgage Statistics


According to the US Census Bureau, there are 12,059 active mortgages in Costa Mesa, CA. The number of individuals with either a second mortgage or a home equity loan during the period was 2,167, with a majority having home equity loans than a second mortgage. The median value of mortgaged homes during the period was $841,700.


Value Estimate
Owner-occupied housing units with a mortgage 12,059
Less than $50,000 76
$50,000 to $99,999 32
$100,000 to $299,999 196
$300,000 to $499,999 518
$500,000 to $749,999 3,548
$750,000 to $999,999 4,524
$1,000,000 or more 3,165
Median (dollars) 841,700
With either a second mortgage, or home equity loan, but not both 2,167
Second mortgage only 405
Home equity loan only 1,762
Both second mortgage and home equity loan 237
No second mortgage and no home equity loan 9,655


Costa Mesa Mortgage Rates


As of Wednesday, February 12, 2020, the average mortgage rates in Costa Mesa was 3.86% for a 30-year fixed mortgage, 3.31% for a 15-year period, and 3.59% for a 5/1 ARM mortgage. The previous rates in January were 3.75% for a 30-year fixed mortgage, 3.23% for a 15-year mortgage, and 3.68% for a 5/1 ARM.


Period Average
30-Year Fixed 3.86%
15-Year Fixed 3.31%
5/1 ARM 3.59%


Costa Mesa Mortgage Brokers


Mortgage brokers are licensed professionals who work with a variety of lenders to find the best interest rate and loan program for their clients. To get their license, candidates have to take federally mandated education courses, undergo a rigorous criminal and credit background check, pass a national test, and meet state licensing requirements. With access to different lenders, mortgage brokers can offer borrowers multiple rate quotes and loan products that fit the borrower’s needs. Working with a mortgage broker can save one time, money, and hassle and are a perfect choice for first-time borrowers who have little knowledge about applying for a mortgage.


Loanbox Mortgage is using technology to make the mortgage process simpler and more transparent for its clients. It has created homeowner-friendly digital solutions to help borrowers make the best decision that fits their lifestyle and needs. Owing to these solutions, Loanbox Mortgage was able to eliminate outdated systems and unnecessary fees, allowing it to focus on providing the best experience for borrowers. Whether one is looking to buy a home or refinance a loan in Costa Mesa or elsewhere in Orange County, Loanbox Mortgage’s client support team is ready to offer expert assistance every step of the way.


Need help with purchasing a new home or refinancing an existing mortgage? Get a free personalized quote here.