Merced

Home Loans

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Merced Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Merced, 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 Merced 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 Merced, 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.

Merced California Overview & Statistics

Merced Overview

As of 2007, Merced's population is 76,313 people. Since 2000, it has had a population growth of 19.44 percent.

The median home cost in Merced is $299,100. Home appreciation the last year has been -5.91 percent.

Compared to the rest of the country, Merced's cost of living is 5.64% Higher than the U.S. average.

Merced public schools spend $5,180 per student. The average school expenditure in the U.S. is $6,058. There are about 21 students per teacher in Merced.

The unemployment rate in Merced is 9.40 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Merced jobs have Increased by 2.18 percent.

Merced Climate

Merced, CA, gets 11 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 51.

On average, there are 262 sunny days per year in Merced, CA. The July high is around 97 degrees. The January low is 37. Our comfort index, which is based on humidity during the hot months, is a 54 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Merced Housing

The median home value in Merced, CA, is $299,100. Home appreciation is -5.91% over the last year. The median age of Merced, CA, real estate is 29 years.

Merced, CA Apartments and Rentals

Renters make up 50.52% of the Merced, CA, population. 5.06% of houses and apartments in Merced, CA, are unoccupied (vacancy rate).

Merced Crime

Merced, 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.

Merced, 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.cityofmerced.org  

Merced Real Estate Agents

California First Time Home Buyers Grants

California First Time Home Buyer Programs

California Home Mortgage Loans