Palmdale Mortgage Broker
Find a Palmdale, California (CA) mortgage broker. We have access to several Palmdale mortgage lenders who are competing for your business. Let us do the shopping for you.
Palmdale, California has a population of 124,346 – a 6.4% increase from 2000 to 2002. Reports are stating that the steady increase in population is due to the affordable housing market in Palmdale. The median house value is $116,400. Palmdale is a 39 mile drive from downtown Los Angeles.
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.