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Yelp.com
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

Here at LBC Mortgage, we’re able to compare rates for you and find you the best combination of low rate, low cost, and a fast closing.
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No commission

We receive a payment from the lender when the mortgage completes. We simply choose not to charge our customers a fee on top of this.
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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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Unique financing programs

Become a homeowner up to 10 days faster with our exclusive programs which are not offered by any other mortgage companies.
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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

I had a great time working with Vasily Pshenichnyy. The whole process went by quickly and all of the set deadlines were met. Vasily was attentive to details...
Sabrina K.
Sabrina K.
15:28 10 Aug 22
Sofiia K.
Sofiia K.
18:48 06 Aug 22
We have been looking for a condo / townhouse for several months. When we finally found it, LBC Mortgage offered us the best rate on the market! Thank you...
Alex K.
Alex K.
21:44 04 Aug 22
I had a great experience with LBC Mortgage and working with Vasily Pshenichnyy. He has been very responsive to all my questions/concerns and demonstrates...
Patrick M.
Patrick M.
07:12 12 Jul 22
If you are looking for a reliable mortgage agent, get in touch with Vasily Pshenichnyy of the LBC Mortgage.
Leonid Fleishaker
Leonid Fleishaker
15:00 20 Jun 22
I've done several investment property refinances with LBC Mortgage and have always had great experiences. Alex and Ana are a great team and always...
Ryan N.
Ryan N.
16:26 02 Feb 22
Vassiliy P
Vassiliy P
20:05 04 Jan 22
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
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

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

The most common form of home loan, and it offers a more set structure for borrowers.

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Portfolio Loans

Portfolio mortgage loans is a perfect option if you’re self-employed or a private contractor.

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Jumbo Loans

Jumbo mortgages exist to fund luxury properties or homes in very competitive local real estate areas.

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FHA Loans

Qualify for the FHA loan with a down payment of only 3.5% as well as a credit score of 580 or above

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VA Loans

VA loan is a type of a mortgage loan that is meant for people, who served or are currently serving in U.S. military forces

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Piggyback Loans

Piggyback mortgage loan, officially known as an 80-10-10 loan, is a great way to save money on buying a home.

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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 30 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.

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).

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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%.

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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 54% 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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