Berkeley

Home Loans

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Berkeley Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Berkeley, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Berkeley Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Berkeley, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify.

Berkeley California Overview & Statistics

Berkeley Overview

As of 2007, Berkeley's population is 101,555 people. Since 2000, it has had a population growth of -1.16 percent.

The median home cost in Berkeley is $845,600. Home appreciation the last year has been -0.30 percent.

Compared to the rest of the country, Berkeley's cost of living is 70.76% Higher than the U.S. average.

Berkeley public schools spend $7,541 per student. The average school expenditure in the U.S. is $6,058. There are about 17 students per teacher in Berkeley.

The unemployment rate in Berkeley is 4.20 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Berkeley jobs have Increased by 1.39 percent.

Berkeley Climate

Berkeley, CA, gets 24 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 62.

On average, there are 256 sunny days per year in Berkeley, CA. The July high is around 70 degrees. The January low is 43. Our comfort index, which is based on humidity during the hot months, is a 67 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Berkeley Housing

The median home value in Berkeley, CA, is $845,600. Home appreciation is -0.30% over the last year. The median age of Berkeley, CA, real estate is 63 years.

Berkeley, CA Apartments and Rentals

Renters make up 55.34% of the Berkeley, CA, population. 3.97% of houses and apartments in Berkeley, CA, are unoccupied (vacancy rate).

Berkeley Crime

Berkeley, CA, violent crime, on a scale from 1 (low crime) to 10, is 6. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Berkeley, CA, property crime, on a scale from 1 (low) to 10, is 6. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

www.ci.berkeley.ca.us

Berkeley Real Estate Agents

California First Time Home Buyers Grants

California First Time Home Buyer Programs

California Home Mortgage Loans