Long Beach

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Long Beach Home Mortgages.

Searching for a Long Beach home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Long Beach home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Long Beach Home Mortgages

When looking for a Long Beach home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Long Beach home mortgage lenders right now is ING DIRECT Long Beach Home Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications for Long Beach home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Long Beach home mortgages will approve applications in such a rapid manner.

Long Beach , CA Statistics & Related Info

Long Beach Information

Long Beach is a city located in southern California, USA, on the Pacific coast. It is situated in Los Angeles County, about 20 miles south of downtown Los Angeles. Long Beach is the 36th-largest city in the nation and the fifth-largest in California. As of 2006, its estimated population was 466,718. In addition, Long Beach is the largest city statewide that is not a county seat.

This popularity of Long Beach was one of the contributing factors to driving up the price of Long Beach real estate in the past decade. While prices have fallen some, homes in Long Beach are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Long Beach home mortgages readily available to buyers in a more expensive market like the suburbs of Long Beach.

The Port of Long Beach is one of the world's largest shipping ports. The city also has a large oil industry; oil is found both underground and offshore. Manufacturers include aircraft, automobile parts, electronic and audiovisual equipment, and home furnishings. It is also home to headquarters for corporations such as Epson America, Molina Healthcare, and Scan Health Care. Long Beach has grown with the development of high-technology and aerospace industries in the area. Of course these factors along with many others contribute to the popularity of Long Beach real estate, which in turn, creates a very large demand for Long Beach home mortgages.

The top commercial businesses in Long Beach, based upon the number of employees, are: Boeing, Verizon, Gulfstream Aerospace Corporation, and The Bragg Companies (crane and heavy transport sales). Several local hospitals are major employers, including: Long Beach Memorial Medical Center, Veterans Affairs Medical Center, St. Mary Medical Center, and Pacific Hospital of Long Beach. Major government and educational employers include: Long Beach Unified School District, City of Long Beach, California State University, Long Beach, Long Beach City College, United State Postal Service, and Long Beach Transit. This economic vibrancy translates into a high degree of availability of funds for Long Beach home mortgages.