Bakersfield Mortgage Broker
Find a Bakersfield, California (CA) mortgage broker. We have access to several Bakersfield mortgage lenders who are competing for your business. Let us do the shopping for you.
Bakersfield, California has a population of 260,969 – a 7.4% increase from 2000-2002. There have been reports that the city has a very strong market for sellers. Many homes are selling for more than asking price! With a mean house value being at $106,500, Bakersfield is an affordable place to live and is just a short 8 miles from Los Angeles.
California Loan Facts
- Community Property State - Since California is a community property state, you must include the liabilities of both the husband and the wife when calculating debt-to-income ratios for a California mortgage. You can still do a loan in one name, however, you must include the liabilities of both the husband and the wife.
- Low Closing Cost State - HUD has determined certain states to be high closing cost states and others to be low closing cost states. California is classified as a low closing cost state due to lower than normal title fees and other closing fees.