Stockton Mortgage Broker
Find a Stockton, California (CA) mortgage broker. We have access to several Stockton mortgage lenders who are competing for your business. Let us do the shopping for you.
Stockton, California has a population of 262,835 – a 7.8% increase from 2000 to 2002. The growth in population has been paralleled by the growth in the housing market. The market is currently very active, yet, houses are still very affordable. The median house value is $119,500.
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.