Fontana Mortgage Broker
Find a Fontana, California (CA) mortgage broker. We have access to several Fontana mortgage lenders who are competing for your business. Let us do the shopping for you.
Fontana, California has a population of 143,607 – an 11.4% increase from 2000 to 2002. Many experts point to the low housing costs as the reason to the recent growth in population. The median house value in Fontana is $130,400. Fontana is also a reasonable 60 mile drive away 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.