Pasadena Mortgage Broker
Find a Pasadena, California (CA) mortgage broker. We have access to several Pasadena mortgage lenders who are competing for your business. Let us do the shopping for you.
Pasadena, California is home to the Rose Bowl and 139,712 residents – a 4.3% increase from 2000 to 2002. Reports are stating that the steady increase in population is due to the affordability of family sized homes. The median house value is $286,400. Currently the housing market is as active as it has even been.
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.