Huntington Beach is a seaside city in Orange County in Southern California. The city has a population of 200,641, making it the most populous beach city in Orange County. Tourism and technology are the leading industries in the city today. It is home to more than 650 industrial businesses. Due to its abundance of beaches, Huntington Beach has also emerged as a popular vacation spot.
The latest available data from the US Census Bureau shows that there are 29,055 active mortgages in Huntington Beach. The median value of mortgaged homes during the period was $860,500. Zillow predicts that home values in Huntington Beach will rise by 1.7% within the next year. Out of the total respondents with mortgages, only 4,380 took out a second mortgage or a home equity loan.
|Owner-occupied housing units with a mortgage||29,065|
|Less than $50,000||111|
|$50,000 to $99,999||321|
|$100,000 to $299,999||520|
|$300,000 to $499,999||2,111|
|$500,000 to $749,999||6,702|
|$750,000 to $999,999||10,785|
|$1,000,000 or more||8,515|
|With either a second mortgage, or home equity loan, but not both||4,380|
|Second mortgage only||403|
|Home equity loan only||3,977|
|Both second mortgage and home equity loan||269|
|No second mortgage and no home equity loan||24,416|
As of Tuesday, February 11, 2020, the average mortgage rates in Huntington Beach, CA was 4% for a 30-year fixed mortgage, 3.43% for a 15-year period, and 3.67% 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.
A mortgage broker is a professional who arranges a mortgage between the borrower and a mortgage lender. They work directly with customers to help them decide the best type of mortgage for their particular situation or criteria. One of the advantages of working with a broker is they can help borrowers in every stage of the mortgage application. This is perfect for those who don’t have a working knowledge of the finance and mortgage markets or those who don’t have the time to talk to numerous lenders. For first time home buyers, a broker can make the seemingly complicated process of applying for a mortgage a lot easier.
Loanbox Mortgage is a digitally enabled mortgage company that uses the most modern online tools to help borrowers make the best decisions on their mortgages. We specialize in a variety of different mortgage products and mortgage banks. Customers can rely on Loanbox Mortgage’s proven team of client support team for all types of mortgage products like purchase loans, FHA loans, jumbo loans, and more.
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