South El Monte

Home Loans

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South El Monte Home Loans.

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

South El Monte California Overview & Statistics

South El Monte Overview

As of 2007, South El Monte's population is 21,631 people. Since 2000, it has had a population growth of 2.30 percent.

The median home cost in South El Monte is $470,000. Home appreciation the last year has been -9.62 percent.

Compared to the rest of the country, South El Monte's cost of living is 23.08% Higher than the U.S. average.

South El Monte public schools spend $5,192 per student. The average school expenditure in the U.S. is $6,058. There are about 21 students per teacher in South El Monte.

The unemployment rate in South El Monte is 4.40 percent(U.S. avg. is 4.60%). Recent job growth is Positive. South El Monte jobs have Increased by 0.84 percent.

South El Monte Climate

South El Monte, CA, gets 16 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 28.

On average, there are 287 sunny days per year in South El Monte, CA. The July high is around 89 degrees. The January low is 48. Our comfort index, which is based on humidity during the hot months, is a 45 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

South El Monte Housing

The median home value in South El Monte, CA, is $470,000. Home appreciation is -9.62% over the last year. The median age of South El Monte, CA, real estate is 44 years.

South El Monte, CA Apartments and Rentals

Renters make up 50.76% of the South El Monte, CA, population. 2.13% of houses and apartments in South El Monte, CA, are unoccupied (vacancy rate).

South El Monte Crime

South El Monte, CA, violent crime, on a scale from 1 (low crime) to 10, is 7. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

South El Monte, 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.south-el-monte.ca.us

South El Monte Real Estate Agents

California First Time Home Buyers Grants

California First Time Home Buyer Programs

California Home Mortgage Loans