If your not sure what kind of California home equity loan you are looking for, but you would like to learn more about California home equity mortgage lenders, then explore our Credit Unions,Banks, Mortgage Brokers, or Savings and Loans pages.
Some quick facts on California owner occupied homes with a mortgage:
The median California home price is $408,443.
74.6% of California home owners have only a single mortgage.
Only 1.3% of California home owners have both a second mortgage and a home equity loan.
While the median income for all of California is $51,185, the median income for California owner occupied homes with a mortgage is $77,640.
The median California monthly housing cost is $1,733.
California Median Annual real estate taxes are $2,351.
While the national average Expedian Credit score is 678, the average for California is 674.
Non-business bankruptcies in California have gone from 138,124 in 2000 to 118,948 in 2004.
The state of California has two types of mortgage regulators:
The California Department of Real Estate licenses and regulates California real estate brokers and California salespersons who engage in California mortgage loan brokerage activities. Approximately 315,000 California brokers and California salespersons are licensed by the Department.
The California Department of Corporations regulates California mortgage lenders and loan servicers. Approximately 215 California mortgage lenders and servicers are licensed in the State of California. California’s licensee list is available for approximately $50.00 (for those licensed pursuant to the Finance Lenders Law) or $20.00 (for those licensed as Residential Mortgage Lenders and Servicers) from the Department of Corporations, 320 West 4th Street, Suite 750, Los Angeles, California 90013-1105, Attention: Cashier.
California’s licensing statute for Mortgage Lenders and Servicers was originally enacted in 1995 and became operative 1/1/96. The licensing statute for finance lenders was enacted in 1995.
Regulator: Demetrios A. Boutris
STATE OF CALIFORNIA
Department of Corporations
320 West 4th Street, Suite 750
Los Angeles, California 90013-1105
Alameda County, Alpine County, Amador County, Butte County, Calaveras County, Colusa County, Contra Costa County, Del Norte County, El Dorado County, Fresno County, Glenn County, Humboldt County, Imperial County, Inyo County, Kern County, Kings County, Lake County, Lassen County, Los Angeles County, Madera County, Marin County, Mariposa County, Mendocino County, Merced County, Modoc County, Mono County, Monterey County, Napa County, Nevada County, Orange County, Placer County, Plumas County, Riverside County, Sacramento County, San Benito County, San Bernardino County, San Diego County, San Francisco County, San Joaquin County, San Luis Obispo County, San Mateo County, Santa Barbara County, Santa Clara County, Santa Cruz County, Shasta County, Sierra County, Siskiyou County, Sonoma County, Stanislaus County, Sutter County, Tehama County, Trinity County, Tulare County, Tuolumne County, Ventura County, Yolo County, Yuba County
Source: US Census Bureau 2004 American Community Survey
Source: Coalition for Mortgage reform (www.mortgagereform.org)
Source: Coalition for Mortgage reform (www.mortgagereform.org)
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