Clear & simple
service for everyone

We’re here to make the process easier for you.
Leave the formalities with the banks and all of the documentation on us.


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5/5
33 reviews
Google.com
4.9/5
72 reviews

A simpler way to buy or refinance

Get lower rates or reduce your mortgage payments:
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Honest rate quotes

We are a leading firm in providing quality and value to our customers.
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No commission

Each member of our team has at least 5 years of legal experience.
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Personal Touch

Unlike big corporate banks, we treat our clients like our own family. We are with you every step of the way to the end of the process.
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Unlimited financing programs

Because of our valuable expertise and experience, we have the ability to offer good rates to make it more convenient for you.
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Instant free consultation

You can contact one of our loan officer specialists directly and receive your free consultation with an advice to follow now.
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Same day pre-approval

We understand that waiting may be frustrating sometimes and offer same day 30 minutes pre-approval. Find out your results today!

Client Reviews

LBC Team went above and beyond to help us buy our new home! They were available for all of our questions, were prompt in their replies to us, and guided us...
Julia T.
Julia T.
08:40 22 Aug 21
Excellent team of great professionals! Superb customer service! They have successfully handled our purchase and refinance in a very short period of time,...
Elina L.
Elina L.
11:12 30 Jun 21
It is hard to describe how scary we were when decided to buy a house. We had no knowledge of the processing, prices, policies, calculations… When our agent referred us to Alex Shekhtam, from the first phone consultation we felt to be just in right hands. We are so blessed to have LBC Mortgage team! Our first house was purchased just because of these hardworking, reliable, efficient, responsive professionals! Recently we were able to refinance our house on good conditions, again, just because of them! Easy processing paperwork, knowledgeable advisors, pleasant communication make you feel special. We are so grateful to all and everyone from LBC Mortgage for making our dreams true!!!!
Lora Kochetkova
Lora Kochetkova
03:44 29 Jun 21
LBC Team is now our Number One Team! Their service was impeccable! We really appreciated the detailed explanations and daily reminders throughout the whole...
Galina S.
Galina S.
13:34 29 Mar 21
We were able to close on our first home even with a strict budget, and I credit it all to Alex and the staff at LBC Mortgage. We couldn’t have done it without you. Thank you so much!
Roger Billon
Roger Billon
06:07 25 Mar 21
Alex and his team were very attentive to our needs. We had some very specific criteria when looking for a home, and most mortgage companies, especially banks, were not even willing to listen to us -- but the team at LBC Mortgage was. They kept everything moving and were happy to answer our questions. We never felt like a burden to them, and that’s how customer service should be.
Kaylani paliotta
Kaylani paliotta
05:51 25 Mar 21
This was one of the last steps I needed to do in order to close on a home, and I had been putting it off because I had assumed it was a complicated and cumbersome process. I could not have been more wrong. Alex and everyone at LBC Mortgage made the process really simple and straightforward. Excellent company with people that really care about you.
Charles W
Charles W
06:52 23 Mar 21
Getting our home loan with the help of LBC Mortgage was hassle free. Their online process is very quick and easy. The team kept us in loop during whole process of getting a loan.
ellen dew
ellen dew
07:58 03 Mar 21
If you are shopping online for mortgage or refinance, look no further. Seamless process and good communication. I am pleased with their fast response. They kept me updated with each phase of a process. Thank you LBC Mortgage.
Christiane BABINOT
Christiane BABINOT
07:40 03 Mar 21

Los Angeles mortgage broker

LBC Mortgage began as a small company back in 2008, focusing on residential mortgages, hard money lending, purchase money loans and FHA Financing for California residents.

As time went by, we managed to establish a reputation of trustworthy provider of comprehensive real estate services and became leaders in our field in the State of California.

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Alex Shekhtman, CEO

How we can help you

Call us to discover your best loan options
(818) 309-2999
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Conventional Loans

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Portfolio Loans

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Jumbo Loans

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FHA Loans

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VA Loans

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Piggyback Loans

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Use our Mortgage Calculator to estimate your monthly mortgage payment. You can input a different home price, down payment, loan term and interest rate to see how your monthly payment changes.

How not to mess up your chances of mortgage approval

Believe it or not, but getting a mortgage approval is not as hard for the majority as keeping it. There are a few bumps in the road, so to speak, that you should avoid.

The entire process of a mortgage approval takes about 45 days, give or take and during this time any and all events may affect your loan. For instance, losing you job or becoming ill will greatly affect your mortgage loan approval. During this time the lender has a right to revoke your mortgage approval.

Of course, such life changing events are not easy, if not, at times, impossible, to control. However, there are a few things you can keep in check. With that in mind, here is a list of things you should avoid doing between the date of the application and date of funding. Each one of these items could instigate a revocation of your approval.

 

Step by step

  • You should refrain from career changes, such as leaving your current job to change industries or start your own company. This also includes switching from salary to commission paid job.

  • Buying or leasing a new more expensive car might not be a great idea either. Of course, if you lease is about to expire you would have to renew it. However, you should definitely consult with your loan officer first.

  • Transferring large sums of money between accounts should be avoided.

  • Pay your bills on time, this one goes without saying.

  • Avoid opening new credit cards, even if they offer great condition. Remember, any new inquiry on your credit report will have to be explained to the lender.

  • Refrain from random undocumented deposits to your accounts. This includes cash gifts without proper paperwork. Undocumented cash deposits will provoke the lender to disallow the gift and revoke you loan.

Of course, these are just a few things we came up with. Surely, there is more. It is our mission to help you through this complicated process and successfully fund your loan.

Everything you need to know about Conventional Loans

Conventional loans, also called conforming mortgages, are ideal for first time buyer and follow simple conservative guidelines: borrower’s credit score, minimum down payments and debt-to-income ratios (a percentage of monthly income that has to be spent on pay off all borrower’s loans, credit cards and child support).

What defers conventional loan from other types of mortgages is the fact that it is not made nor insured by government entity. This make conventional loans a little more flexible to borrower’s needs. Since conventional loans are held by mortgage lenders, lenders can set their own rules and, for instance, allow the borrower to use investments, such as bonds and stacks, as a security for mortgage. This flexibility helps conventional loans to provide some features that are not available with other types of mortgages.

There are two types of conventional loans an Amortized Conventional Loan and an Adjustable Conventional Loan. An amortized conventional loan is a mortgage in which a borrower pays the same amount of principle and interest every month, from the beginning to the end of the agreed term. An adjustable-rate conventional loan is a mortgage that can fluctuate.

Who can qualify for FHA Loans

FHA loans are mortgages insured by Federal Housing Administration. FHA loans are known for lower lending standards and are highly popular among first time buyers with low credit scores. One of the most beneficial advantages of FHA loans is the allowance to get a loan with a down payment of as low as 3.5%.

FHA loans were designed as a type of federal assistance, which allows borrowers with lower income to still be able to purchase a home. For instance, FHA allows borrowers to spend up to 57% of their gross monthly income on debt obligations, in comparison with 45% debt-to-income ratio of conventional loans.

The only disadvantage of the FHA loan is the requirement of mortgage insurance. Because FHA loans do not have strict lending standards, it requires two types of mortgage insurance premiums – upfront mortgage insurance premium and annual mortgage insurance premium. Upfront mortgage insurance premium is a premium of 1.75% of the loan that the borrower has to either pay at closing or can it can be financed into mortgage. Annual mortgage insurance premium is a monthly premium which will be integrated into your mortgage payment for the life of the loan. Annual mortgage insurance premium is based on loan-to-value ratio, loan size and length and generally fluctuates between 0.45% and 0.85%.

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