Charter Oak is a census designated place in Los Angeles County, California, around 26 miles east of downtown Los Angeles. Charter Oak has a population of 9,000. Charter Oak is principally level ground. However, the south hills of Glendora form a great part of the northern border. Furthermore, there is a small valley in the southeast quadrant, with walnut creek falling in the bottom.
The region is served by the Charter Oak Unified School District and additionally various non-public schools. There are also some good restaurants in this city.
The average household income of the city is around $83,000 with the average home value being around $410,000. The median age of the population in Charter Oak is approximately 38. The total number of households of this city located in the Greater Los Angeles area is estimated to be 9,000. Of the total housing units, which is around 3,200, the owner occupied housing unit is around 1,900. On the contrary, the renter occupied housing unit is estimated to be 1,200 while the vacant housing unit is approximately 100.
Services We Provide in Charter Oak
Whether you are looking for a property to purchase or refinance, we can help you find a program suitable to your needs. There are several loan options to choose from, which include the following:
- FHA home loans make it easier for a borrower to qualify for a loan and make a small down payment.
- Conforming loans, the largest segment of loans in the country, must adhere to the guidelines and significant loan limits set by Fannie Mae and Freddie Mac.
- Conventional loans are safe loans that differ from other government regulated loans. They are designed to meet the needs of borrowers with good credit.
- Manufactured home loans are excellent for individuals with an imperfect financial history who dream of home ownership.
- High balance loans are loans that exceed conforming loan limits for borrowers living in expensive regions of the country.
- Jumbo home loans make it possible for the borrower to buy an expensive home because they allow the borrower to get large loan balances.
- Stated Income Loan requires the borrower to state her monthly income on a mortgage application.
- Private hard money lenders secure these asset based loans by the strength of the purchased real estate more than the borrower’s financial credit.
- Stand-alone second (2 lien) loans are additional loans that a borrower takes out against his house despite already having a first mortgage. He usually takes this loan out to access cash.
- In all, multifamily and apartment loans are financing options used to purchase or renovate a multifamily dwelling unit or an apartment building, respectively.
- Commercial loans are used to finance the growth of their companies consisting of purchasing properties or constructing properties. Simply put, these loans are used to help payoff expensive necessities to start and operate a new business.
- Mixed use properties consist of multiple units zoned for different purposes such as commercial, residential, industrial, institutional, and even cultural. Mixed use property loans are financing options to help finance mixed use buildings between business owners and financial institutions.