Simi Valley Mortgage Broker
Find a Simi Valley, California (CA) mortgage broker. We have access to several Simi Valley mortgage lenders who are competing for your business. Let us do the shopping for you.
Simi Valley, California has a population of 116,562 – a 4.7% increase from 2000 to 2002. Simi Valley was recently named the safest mid-sized city in the country. Also, it is just a short 28 mile drive from the big city life of Los Angeles. The housing market is currently very active. The median house value is $239,900.
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.