San Bernardino is a city situated in the Riverside-San Bernardino County, California with a population of 248,800. San bernardino has an aggregate area of 61.95 square miles, 61.52 square miles of it is land and 0.43 square miles of it is water. The air pollution index in San Bernardino approximately 100.0. The weather temperatures,, on the other hand, oscillate between a high point of 94.00° F in July with a low point of 40.00° F in January.
Of the total housing units, which is around 67,360, the owner occupied housing unit is around 29,590. On the contrary, the renter occupied housing unit is estimated to be 31,360 while the vacant housing unit is approximately 6,410. The total household expenditure of the city is below the national average. The crime rate in the city above to the national average, however. The least frequent crime in San Bernardino is larceny risk. The most frequent, on the other hand, is murder risk.
The average household income of the city is about $55,360 with the average home value being around $232,450. The median age of the population in San Bernardino is approximately 28. About 54,310 people of the population are married and 89,100 of them are single. There are around 122,730 male residents and 126,060 female residents living in the city of San Bernardino. Their per capita income is estimated to be approximately $16,260. Of the people employed, 38% are blue collar employees, while 62% are white collar employees. The total number of households of this city located in the San Bernardino County is estimated to be 70,270 with about 3 people per household on average.
Services We Provide in San Bernardino
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.