Riverside Mortgage Broker
Find a Riverside, California (CA) mortgage broker. We have access to several Riverside mortgage lenders who are competing for your business. Let us do the shopping for you.
Riverside, California has a population of 274,226 – a 7.6% increase from 2000 to 2002. Residents are proud that Riverside is home to 100 city landmarks, 2 national landmarks, and a University of California campus. The housing market has remained steadily strong over the past couple of years. The median house value is $138,500, although the cost of a family sized home is much higher.
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.