Fresno Mortgage Broker
Find a Fresno, California (CA) mortgage broker. We have access to several Fresno mortgage lenders who are competing for your business. Let us do the shopping for you.
Located in central California, Fresno has a population of 445,227. Yosemite, Sequoia and King Canyon National Parks are all within a 90 mile radius of Fresno. Reports are stating that sellers are driving the market as they are receiving numerous offers for their houses. With the median house value being $97,300, housing is very affordable in Fresno.
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.