Hans Mortgage specializes in residential purchases in Long Beach and surrounding areas. As a Mortgage Bank and a Mortgage Broker, we can offer you our own loan products or we can go out and find the exact product you need from another vendor. We can underwrite, write up the loan exactly as needed, offer another banks products, and do own loan processing in house. This ensures that you get the exact loan you need in a timely manner.
Our goal is to be involved with you in the entire loan process and work to educate you along the way. We want to guide you in making the best informed decision. We are committed to helping you maximize the value of your home and your home loan!
We average 21 days closing compared to the industry average of 45 days. Our attention to details expedites the process of getting a loan because there are much fewer bumps in the road and back-and-forth during the process.
All our team members are experts on the loan process and how to navigate the qualification and processing of a home loan. We our proud to have helped hundreds of clients in Long Beach, CA achieve mortgage success.
At Hans Mortgage, we provide unparalled customer support to all clients. Our clients are very valubale to us - they are the backbone of our business. Thats why we are fully dedicated to providing the best service possible.
Rooted in the vibrant and diverse Southern California Coast, I'm committed to personalized service and an organic, streamlined approach to residential lending. Over the years I've worked as a mortgage broker, in-house lender and direct lender. I currently consider us a "hybrid lender". We're a direct lender, underwriting and processing our loans with the ability to underwrite to numerous investor guidelines if need be.
The new rules are designed to take a "back to basics" approach to mortgage lending and lower the risk of defaults and foreclosures among borrowers, according to the Consumer Financial Protection Bureau, which issued the new rules.
"No debt traps. No surprises. No runarounds. These are bedrock concepts backed by our new common-sense rules, which take effect today," said CFPB director Richard Cordray in remarks prepared for a hearing Friday.
Mortgage lenders are being asked to comply with two new requirements: The Ability to Repay rule and Qualified Mortgages. Here's how they will impact borrowers.
The median home value in Long Beach is $485,200. Long Beach home values have gone up 9.6% over the past year and Zillow predicts they will rise 5.5% within the next year. The median list price per square foot in Long Beach is $358, which is higher than the Los Angeles Metro average of $345. The median price of homes currently listed in Long Beach is $430,000 while the median price of homes that sold is $422,550. The median rent price in Long Beach is $1,395, which is lower than the Los Angeles Metro median of $2,180.
Foreclosures will be a factor impacting home values in the next several years. In Long Beach 2.2 homes are foreclosed (per 10,000).