Today's No Cost Mortgage Loan Rates

No Closing Cost Mortgage & No Cost Refinance in California

There are times when you have enough money to pay your mortgage every month, but the closing costs can eat up a chunk of that, creating a financial barrier to entry that can make you feel like the dream of homeownership is slipping through your fingers.

Fortunately, at LBC Mortgage, we understand that sometimes the high cost of closing costs can affect your options, which is why we’re proud to work with an extensive network of lenders who offer no closing cost mortgages in California.

What is a No Closing Cost Mortgage in California?

There are a variety of fees and costs that get lumped into a general category called “closing costs”, and these are costs that are necessary before you actually purchase the home. They can include things like the cost of the home appraisal, property taxes, title insurance and so on. The amount can add up quickly. However, a no cost mortgage in California may be able to help.

With a no closing cost mortgage in Los Angeles or no cost refinance in California, the lender pays these fees up front, but then adds a bit higher interest on the loan later on. Keep in mind that a no closing cost mortgage or a no cost refinance doesn’t mean you don’t have to pay the closing costs; only the time you pay them is different. With this type of mortgage you’ll pay a bit more over time than you would if you paid the costs up front, however we understand that in some cases that simply isn’t possible.

Client Reviews

Vassiliy P
Vassiliy P
20:05 04 Jan 22
It's been a treat working with such knowledgeable and caring staff. Always reachable getting back to you with answers you need quick to make these life...
Mikhail K.
Mikhail K.
20:33 27 Dec 21
It was a pleasure working with Alex Shekhtman and his team on another loan. They made it easy and painless. Very professional and efficient. I would gladly...
Anna G.
Anna G.
15:34 21 Oct 21
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
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
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
I work in construction, so I was used to going to the banks for a loan and being told “no” over and over again. I decided to see if I could bypass the process. I’d heard a lot of good things about this company but I didn’t realize how dedicated they were to helping me until I got to know them myself. They looked at all of my information and got me a great deal for my next project. I know who I’ll be using for all of my home loan needs from this point forward.
Jules Bonchamps
Jules Bonchamps
07:28 16 Feb 21
I’m a real estate broker myself and I consistently rely on LBC Mortgage to get me the best deals. I always know that I can count on Alex Shektman and his team to come through for me when I need them and I even use them myself! No better testimonial to their services than that!
Shane Watson
Shane Watson
04:54 12 Feb 21
I would like to express my gratitude to the LBC Mortage team and personally to Alexander Shekhtman. I turned to Alexander about buying a home: Alexander and his team supervised the whole process very professionally. Personally, in working with LBC Mortgage i liked the punctuality, delicacy and professionalism - any question, any incomprehensible place, was immediately explained and covered. I wish success and good luck to the Agency and its employees in their future work!
Marat Shaimardanov
Marat Shaimardanov
05:16 11 Jan 21
The services were provided at the highest level. They worried about us and delivered information as many times as necessary so that we would all understand) And also a huge plus of this company that I do not really speak English, so I received all the information in Russian, since most of the employees know Russian. I recommend this company
Roman Trach
Roman Trach
12:59 22 Dec 20
We have worked with Alex and his company for many many years and were never disappointed. Just recently they worked on refinancing for our home and again the result exceeded all of our expectations. The team is very professional, on point, makes sure you as a customer, are aware of every step along the way. Everyone is always very helpful and courteous. It was a pleasure to work with Alex and his team again. Thank you!
Alla Krishtall
Alla Krishtall
02:46 23 Sep 20
It’s my second time in 10 years enjoy excellent, very reliable and fast service , strongly recommended to everyone, no hustles and desirable result !!And by the case very professional and friendly stuff !!!
Luna Lovegood
Luna Lovegood
22:36 25 Aug 20

Is a No Closing Cost Mortgage Right for You?

Having to pay fewer fees up front can help alleviate the financial stress of added costs when buying a home. If it’s your first home loan, it’s understandable that it can be difficult to have enough funds set aside for all of the costs involved in making your purchase. However, it’s worth working with a knowledgeable company that specializes in no closing cost mortgages in California so that you can better understand the process and the steps along the way.

At LBC Mortgage we understand that whether it’s your first home, your second home or you’re relocating or building a home, you have many questions. We’re happy to take the time to answer all of your questions and work with you to understand which type of loan is best for your needs. Our expertise and experience in alternative types of loans, including no closing cost mortgages, no income verification mortgage loans and much more. These types of loans are also ideal for the self employed or those who have complex income situations where a traditional mortgage may not be the right fit.

Fortunately, we’d be delighted to work with you to help you choose the right type of mortgage and help you get financed at a great rate. We work with all types of lenders, so oftentimes we can help you get financing when banks and other lenders refuse. Contact us today to learn more about our no closing cost mortgage loans in California current rates as well as whether or not this type of home loan could be right for your situation.

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