West Covina Mortgage Broker
Find a West Covina, California (CA) mortgage broker. We have access to several West Covina mortgage lenders who are competing for your business. Let us do the shopping for you.
West Covina, California is home to over 107,000 residents. West Covina is just 15 miles from Anaheim and 30 miles from downtown Los Angeles. The housing market is West Covina has remained very steady in recent years. The median house value is $190,200.
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.