Garden Grove Mortgage Broker
Find a Garden Grove, California (CA) mortgage broker. We have access to several Garden Grove mortgage lenders who are competing for your business. Let us do the shopping for you.
Garden Grove, California is home to more than 165,000 residents. It is a relatively young town with a median age being 32.3 years. It is being reported that houses are selling for well above the asking price, creating a very strong sellers market. The mean house value in Garden Grove is $199,700.
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.