Burbank Mortgage Broker
Find a Burbank, California (CA) mortgage broker. We have access to several Burbank mortgage lenders who are competing for your business. Let us do the shopping for you.
Burbank, California is home to NBC, Warner Brothers, Disney and over 100,000 residents. The city enjoys its diversity, entertainment, and short drive to Los Angeles. It is being reported that homes are selling relatively quickly in Burbank – an average of 33 days per home. The median house value in Burbank is $256,400.
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.