South Pasadena

Home Loans

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South Pasadena Home Loans.

Whether you are a first time home buyer or trading up to a larger home in South Pasadena, 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 Pasadena 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 Pasadena, 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 Pasadena California Overview & Statistics

South Pasadena Overview

As of 2007, South Pasadena's population is 24,884 people. Since 2000, it has had a population growth of 2.44 percent.

The median home cost in South Pasadena is $1,100,000. Home appreciation the last year has been -1.50 percent.

Compared to the rest of the country, South Pasadena's cost of living is 93.37% Higher than the U.S. average.

South Pasadena public schools spend $5,202 per student. The average school expenditure in the U.S. is $6,058. There are about 21 students per teacher in South Pasadena.

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

South Pasadena Climate

South Pasadena, CA, gets 20 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 41.

On average, there are 283 sunny days per year in South Pasadena, CA. The July high is around 89 degrees. The January low is 43. Our comfort index, which is based on humidity during the hot months, is a 47 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

South Pasadena Housing

The median home value in South Pasadena, CA, is $1,100,000. Home appreciation is -1.50% over the last year. The median age of South Pasadena, CA, real estate is 52 years.

South Pasadena, CA Apartments and Rentals

Renters make up 53.89% of the South Pasadena, CA, population. 3.40% of houses and apartments in South Pasadena, CA, are unoccupied (vacancy rate).

South Pasadena Crime

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

South Pasadena, CA, property crime, on a scale from 1 (low) to 10, is 5. 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-pasadena.ca.us

South Pasadena Real Estate Agents

California First Time Home Buyers Grants

California First Time Home Buyer Programs

California Home Mortgage Loans