Burbank, California is located just outside of Los Angeles with a population of over 100,000 people. It's north of Hollywood and less than 20 miles from the ocean. Buying a home in Burbank can be expensive and finding the right mortgage company to work with is important. Most homeowners chose a 30 year fixed rate mortgage due to the higher than average loan amounts.
A Media Hub:
Everyone is fascinated with Hollywood but what most people don't know is that most television and film production companies are located outside of the city boundaries of Hollywood. That's were cities like Burbank come in. Nickelodeon, Cartoon Network, Warner Brothers and The Walt Disney company all call Burbank home.
Housing In Burbank:
As mentioned; housing can be expensive in Burbank. Homeowners and homebuyers have access to local mortgage brokers and banks to help them find the right home to buy that special home. Many homes throughout the area are valued over $700,000.00 and $1,000,000+ homes are not uncommon.
When you spend this much money on a home you are more than likely going to have to obtain a jumbo mortgage. Sometimes you can obtain a jumbo mortgage with as little as 5% down.
The Local Economy:
In addition to the media companies and the mortgage brokers in Burbank there are additional businesses that call Burbank home. Restaurants, retail shopping and more. Burbank also has a local airport. Providence St. Joseph is a large medical center that employs nearly 3,000 people.
Walmart, Ikea and Costco all employ hundreds of local residents.
Mortgage Quote In Burbank:
If you are looking to buy a home in the Burbank area please be sure to contact me directly at 1-800-550-5538 for a no-cost/no-obligation quote. We have low rates, fast closings and exceptional service. We have mortgage loan programs for both purchase and refinance transactions along with a wide variety of programs that allow for a small down payment (even on multi-unit properties).
Don't have the best credit?
It might not be a problem as we have programs designed for those with less than perfect credit.