Rancho Cucamonga Mortgage Broker
Find a Rancho Cucamonga, California (CA) mortgage broker. We have access to several Rancho Cucamonga mortgage lenders who are competing for your business. Let us do the shopping for you.
Rancho Cucamonga, California has a population of 143,711 – a 12.5% increase from 2000 to 2002. It is a relatively new city and is experiencing incredible growth. In fact, reports are stating Rancho Cucamonga is one of the fastest growing cities in all of California. Although prices are on the rise, housing is still very affordable at this time. The median house value is $182,200. Experts are advising that buyers act quickly, before prices rise even more.
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.