Torrance Mortgage Broker
Find a Torrance, California (CA) mortgage broker. We have access to several Torrance mortgage lenders who are competing for your business. Let us do the shopping for you.
Torrance, California is home to over 140,000 residents. Torrance is a short 12 miles away from the beach and just 17 miles from downtown Los Angeles. The housing market in Torrance is very strong as the demand for houses is higher than the amount of houses available. The median house value is $320,700.
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.