Irvine Mortgage Broker
Find a Irvine, California (CA) mortgage broker. We have access to several Irvine mortgage lenders who are competing for your business. Let us do the shopping for you.
Irvine, California has a population of 162,122 – a 13.3% increase from 2000 to 2002. Irvine is an affluent area with a University of California campus within its city limits. The housing market is said to be one of the most active in Orange County. The median house value is $316,800.
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.