Lancaster Mortgage Broker
Find a Lancaster, California (CA) mortgage broker. We have access to several Lancaster mortgage lenders who are competing for your business. Let us do the shopping for you.
Lancaster, California has a population of 124,592. It is one of the most affordable cities to purchase a home in all of Los Angeles County. The median house value is $103,700. Lancaster is rich in diversity and has many family oriented activities throughout the town. The housing market in Lancaster has remained very steady in recent years.
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.