Merced is a city, based in California has a population of 82000. Merced has an aggregate area of 23.23 square miles. The weather temperatures, on the other hand, oscillate between a high point of 96.8° F in July with a low point of 37.40° F in January.
Hence, of the total housing units, which is around 27,500, the owner-occupied housing unit is around 42%. On the contrary, the renter-occupied housing unit is estimated to be 58%. The median household income of the city is about $39,307 with the average home value being around $170,500. About 26,040 people of the population are married and 60,320 of them are single. There are around 42900 male residents and 39,100 female residents living in the city of Merced.
Education is the best thing in Merced. Plenty of locations to learn about the cities history. Bear Creek offers a nice walking path for exercising. Local events like the ‘Art Hope helps to live the town up. It is a safe place to raise a family and there are many things to do. Merced County is a good area. It is easy to get from one side of town to the other since the traffic is not too bad. There is not too much entertainment for families.
Merced, CA
Services We Provide in Merced
Whether you are looking for a property to purchase or refinance, we can help you find a program suitable for your needs. There are several loan options to choose from, which include the following:
Home Loans
- 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.
Other Loans
- 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.
Our company also offers our clients services such as downpayment assistance program, adjusted-rate mortgage, and refinancing. To receive more information, contact us today at (818) 322-5626.
