Anaheim is the second-largest city in Orange County, California in terms of land area. It had a population of 352,018, which makes it the most populous city in Orange County. Anaheim’s income is heavily based on tourism. It is known for several destinations, including the Disneyland Resort and the Anaheim Convention Center. It is also known for beaches, shopping and art districts, restaurants, historic landmarks, and championship golf. Anaheim is home to two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team.
According to the US Census Bureau, the total number of housing units occupied by an owner or co-owner was 33,963 in 2018. The number of individuals with either a second mortgage or a home equity loan during the period was 4,448, with a majority having home equity loans than a second mortgage. The median value of mortgaged homes during the period was $611,600.
Value | Estimate |
---|---|
Owner-occupied housing units with a mortgage | 34,963 |
VALUE | |
Less than $50,000 | 384 |
$50,000 to $99,999 | 355 |
$100,000 to $299,999 | 1,473 |
$300,000 to $499,999 | 7,199 |
$500,000 to $749,999 | 18,085 |
$750,000 to $999,999 | 5,359 |
$1,000,000 or more | 2,108 |
Median (dollars) | 611,600 |
MORTGAGE STATUS | |
With either a second mortgage, or home equity loan, but not both | 4,348 |
Second mortgage only | 639 |
Home equity loan only | 3,709 |
Both second mortgage and home equity loan | 436 |
No second mortgage and no home equity loan | 30,179 |
As of Tuesday, February 11, 2020, the average mortgage rates in Anaheim was 3.94% for a 30-year fixed mortgage, 3.37% for a 15-year period, and 3.61% for a 5/1 ARM mortgage. The previous rates in January were 3.75% for a 30-year fixed mortgage, 3.23% for a 15-year mortgage, and 3.68% for a 5/1 ARM.
Period | Average |
---|---|
30-Year Fixed | 3.94% |
15-Year Fixed | 3.37% |
5/1 ARM | 3.61% |
A mortgage broker acts as an intermediary between the homeowner and the mortgage lender or bank that actually provides the loan. A mortgage broker typically also helps the homeowner with their loan application, collecting financial documents and introducing the borrower to the best lenders. A mortgage broker works with several mortgage lenders and banks, which gives the client more options in terms of finding the best rates.
Loanbox Mortgage is a digitally driven mortgage company that services many customers in Anaheim with all their mortgage needs, including purchase loans, FHA loans, jumbo loans, and more. It uses homeowner-friendly digital solutions to help clients make the best decisions regarding their loans. Its focus on digital has made the entire mortgage process fast and transparent. Loanbox Mortgage’s digital home loan solutions and client support team offer a quick, simple, and fully transparent service for home buyers needing mortgage help in Anaheim.
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