Berkeley Mortgage Broker
Find a Berkeley, California (CA) mortgage broker. We have access to several Berkeley mortgage lenders who are competing for your business. Let us do the shopping for you.
Berkeley, California is home to the University of California Bears and 103,640 residents. The city is located in the Bay Area, with San Francisco and Oakland being just a short drive away. Reports are stating that buyers must act quickly as homes are not on the market very long.
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.