Moreno Valley Mortgage Broker
Find a Moreno Valley, California (CA) mortgage broker. We have access to several Moreno Valley mortgage lenders who are competing for your business. Let us do the shopping for you.
Moreno Valley, California has a population of 150,773 – a 5.8% increase from 2000 to 2002. Moreno Valley is located in Riverside County, home to one of the University of California campuses. It is within a comfortable driving distance of Los Angeles and San Diego. Housing is very affordable with the median house value being at just $119,000.
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.