Marcel Garcia at 818 Mortgage: Specializes in conventional home loans, including purchases and refinances. They also handle jumbo, hard money, and construction loans. A boutique broker firm focusing on delivering optimal choice, aggressive rates, and personalized service. He is known for closing all loans, even in challenging circumstances.
APR vs. Interest Rate: The Annual Percentage Rate (APR) includes the interest rate plus other fees and costs, giving you a more complete picture of the loan's total cost.
Mortgage Points: You may have the option to pay "points" (prepaid interest) upfront to lower your interest rate. One point typically equals 1% of the loan amount.
Pre-Approval: Getting pre-approved for a mortgage is highly recommended before you start seriously looking for a home, as it helps you understand how much you can afford and makes your offer more competitive.
Credit Score and Financial Situation: Your personal credit history, income, and debt-to-income ratio will significantly impact the rates and loan programs you qualify for.
Indian Wells: Widely considered one of the most affluent cities in the Coachella Valley and the entire county. Known for its luxury resorts, world-class golf courses, and high-end residential properties.
La Quinta: Located at the base of the Santa Rosa Mountains, La Quinta is known for its golf resorts, stunning scenery, and a serene, upscale lifestyle. It's a popular destination for both full-time residents and "snowbirds."
Rancho Mirage: A desert resort city with a reputation for luxury and exclusivity. It is known for its high-end real estate, gated communities, and beautiful golf courses.
Temecula: A very popular city for families, known for its top-rated schools, beautiful wine country, and master-planned communities. The Temecula Valley Wine Country is a major attraction, and the city offers a blend of suburban convenience and rural charm.
Eastvale: One of the fastest-growing and newest cities in the county, Eastvale is known for its suburban lifestyle, family-friendly atmosphere, and modern, master-planned communities with newer homes.
Murrieta: Located in the southwestern part of the county, Murrieta is praised for its safety, strong school systems, and growing economic opportunities. It's considered one of the best places to live for families.
Alessandro Heights: A prestigious, low-density residential neighborhood known for its custom-built homes, large lots, and panoramic views of the surrounding area.
Canyon Crest: Considered one of the most desirable neighborhoods in Riverside, it's known for its scenic views, tranquil residential streets, and upscale properties.
Orangecrest: A top-rated family-friendly neighborhood characterized by newer homes, spacious layouts, and well-regarded public schools.
The Wood Streets: A historic neighborhood known for its vintage charm and beautiful early 20th-century architecture, including Craftsman, Spanish Revival, and bungalow-style homes.
Victoria: A neighborhood rich in history, featuring grand estates and scenic, palm-lined streets, offering a mix of historic charm and luxury living.
How big is Riverside County?
Riverside is the fourth largest county in California by area, spanning over 7,300 square miles. It is also the tenth most populous county in the United States.
What is the population of Riverside County?
As of mid-2025, the population is estimated to be over 2.5 million residents.
What are the major cities in Riverside County?
The county seat is the city of Riverside. Other major cities include Moreno Valley, Corona, Temecula, Murrieta, and Indio. The county also contains well-known desert resort cities like Palm Springs and Palm Desert.
What is the climate like?
The climate varies significantly across the county due to its diverse geography. The western part of the county has a Mediterranean climate with hot, dry summers and mild winters. The eastern desert areas, including the Coachella Valley, experience much hotter summers with temperatures often exceeding 100°F.
What are the main industries?
The economy is diverse, with key sectors including logistics and transportation (due to its proximity to major ports), healthcare and social assistance, retail, and tourism, particularly in the desert resort cities. Manufacturing, construction, and agriculture also play significant roles.
How does the cost of living compare to the rest of California?
Riverside County is generally more affordable than coastal California counties like Los Angeles, Orange, and San Diego. Housing is the biggest factor, with median home prices and rent being considerably lower, although still above the national average.
What are some popular attractions?
The county offers a wide range of attractions, including the Mission Inn Hotel & Spa in Riverside, the Coachella Valley (known for music festivals and resorts), the Living Desert Zoo and Gardens, and the Empire Polo Club in Indio.
Are there any major parks or outdoor attractions?
Yes, the county has extensive opportunities for outdoor recreation. This includes the Santa Rosa and San Jacinto Mountains National Monument, Lake Perris State Recreation Area, and the Santa Rosa Plateau Ecological Reserve. The county is also known for its numerous golf courses, especially in the desert region.
The Riverside County real estate market is still competitive but has shifted towards a more balanced environment than in previous years. While the median home value is approximately $614,000, prices and market activity vary significantly by city. Homes are taking slightly longer to sell, and there are more properties available on the market, giving buyers more options and more leverage for negotiation.
The amount of cash you need depends on your loan type and the home's price. The general costs you'll need to prepare for are:
Down Payment: This can be as little as 3% to 5% for conventional loans or 3.5% for FHA loans, but a 20% down payment is ideal to avoid paying private mortgage insurance (PMI).
Closing Costs: These are fees and expenses associated with the mortgage and transfer of ownership. For a buyer in California, closing costs typically range from 2% to 5% of the purchase price. For example, on a home priced at $600,000, you could expect to pay between $12,000 and $30,000 in closing costs.
Cash Reserves: Lenders often require you to have extra cash on hand after closing to cover a few months of mortgage payments.
From a seller accepting your offer to closing, the process typically takes 30 to 60 days with a mortgage. The timeline can be influenced by the lender's speed, appraisal results, and inspection findings. An all-cash offer can significantly shorten the process, sometimes to as little as two weeks.
Property taxes in Riverside County are based on a home's purchase price and are generally around 1.25% to 1.4% of the assessed value, which includes the statewide 1% base rate and additional local taxes. This cost is rolled into your monthly mortgage payment. For example, on a $600,000 home, your annual property tax could be around $8,400.
Mello-Roos Taxes: Many master-planned communities and newer developments in Riverside County have Mello-Roos taxes. These are special assessments that fund public improvements like schools, parks, and roads. They are added to your property tax bill and can significantly increase your monthly payment. Be sure to ask your real estate agent about them.
HOA Fees: Many communities, especially those with shared amenities like pools, parks, or security, have mandatory Homeowners Association (HOA) fees. These can range from a few hundred dollars a month to over a thousand in some of the most exclusive communities.