Mortgage Companies In Fort Lauderdale Florida – As the “Venice of America”, Fort Lauderdale in Florida is famous for its world-class beaches, boating canals, and rich culture. Originally a spring break destination for teenagers from all over the country, today this city attracts hundreds of families searching for luxurious and affordable homes.
There are many picturesque beaches in this city, some of which stretch for miles and are available with amazing shopping and dining options. With its active community made up of many local parks and recreation centers, the city also encourages its residents to get outside and try something new. Its highly ranked public school system, libraries, art galleries, and museums also make the city perfect for children.
Not only is this city perfect for its many amenities, but its centralized location also makes it the perfect place to settle. Located just 25 miles from Miami, an hour’s drive from Palm Beach, and three hours from Orlando, Fort Lauderdale is the perfect base for exploring Florida.
All this and more makes people put Fort Lauderdale on their wish list. Mortgage companies make such dreams a reality by financing these properties and making them affordable.
The Real Estate Market in Fort Lauderdale, Florida
Realtor.com reports that there are currently over 1,900 homes for sale in Fort Lauderdale at the moment. From condos to townhouses, with such a wide variety of options available, you are sure to be able to find the perfect home for you and your family. And, as reported by Rocket Homes, just between May and June of this year, the number of houses for sale increased by 7.3%.
Additionally, you might be able to find the perfect home while also snatching a great deal. Rocket Homes also reports that more than 40% of the homes here were sold below the asking price in the month of June. Though the median listing price in June 2022 was $457,217, prices have been increasing steadily, so it is important to buy the property before prices soar again. Now’s the perfect opportunity to seize your bargaining skills and buy your dream home.
Should You Invest In Fort Lauderdale, Florida?
You can find vital information below to see if owning a home in Fort Lauderdale is within your means. By reviewing the most current data about Fort Lauderdale’s real estate market and its average monthly income, you can decide if it’s the right place for you.
- Fort Lauderdale, Florida (Broward County) has a $376,702 median home value.
- For the median cost of property in Fort Lauderdale, you need to make $61,721 per year based on current mortgage rates and a 10 percent down payment.
- If your monthly debt payment is manageable, you could qualify for a $339,031 mortgage with this income.
- Based on this loan amount, the median-priced home in Fort Lauderdale would demand a $1,429 monthly mortgage payment.
- In Fort Lauderdale, Florida (Broward County), the average household income is $66,476.
So, with these incomes and monthly payments, one should be able to comfortably afford a home in Fort Lauderdale!
Cost Of Living In Fort Lauderdale Florida
As per Uphomes, Fort Lauderdale’s prices are comparable to those of other cities in South Florida. Despite some neighborhoods having a little higher than average cost of living, Fort Lauderdale is 4.2% less expensive than Miami. In addition, housing costs are 4.8% less pricey than in Miami.
On the other hand, considering how wonderful of a place it is, living here is not that expensive overall because Florida does not have a state income tax. As long as you keep track of your spending and create a budget for your money, Fort Lauderdale can be an affordable place to live thanks to excellent health care systems that are about 2% less expensive than those in other South Florida cities and food prices that average only around $39 per day per person.
List Of Top Mortgage Companies In Fort Lauderdale Florida
Whenever you think about buying a home, you think about a reliable mortgage company to manage your finances. Here is a list of the top Mortgage Companies in Fort Lauderdale Florida. These firms are highly experienced, knowledgeable, and professionally acclaimed in the mortgage financing sector. They understand the industry very well to deliver you the best financial consultancy and mortgage services.
1. Reliance Financial
Reliance Financial is one of the most preferred mortgage companies in Fort Lauderdale. Our home loan specialists will assist you in selecting the best loan option and negotiating the lowest rates. We can make swift choices and close loans quickly thanks to our financial experts. We offer the ideal financing program for your specific needs, whether you’re a first-time home buyer in need of a jumbo home mortgage. Our areas of expertise include finding the best rates across multiple lenders, giving personalized guidance and support, refinancing mortgages, and closing home loans fast in Fort Lauderdale.
In addition to assisting you in getting pre-qualified, Reliance Financial will conduct a free credit check for you. Application fees and other hidden fees are never levied by Reliance Financial. We want to give you the greatest financial advice in addition to assisting you with an uncomplicated mortgage.
2. Paradise Bank
For you to perform your banking needs in a safe, secure, and easy manner, Paradise Bank is committed to ensuring the long-term financial health of its customers. Their clients, business owners, and managers work to improve their goods and services. Their banking staff genuinely makes personal banking fun by being ready to help at all times. They focus on business services, checking, investments, mortgages, savings, and certificates of deposit.
3. Florida Employee Loans
Employees in the Fort Lauderdale metro area can turn to Florida Employee Loans for their loan requirements. Customers from many industries, including healthcare and business, can make use of their home mortgage, jumbo loans, and mortgage refinancing services. Additionally, their team assists experienced and first-time homebuyers in locating a mortgage option that meets their specific needs. Furthermore, this company also has tools that make it easier to match a loan program to the client’s qualifications.
4. Grenald Business Solutions
Concerning home finance and mortgage programs, Grenald Business Solutions Co. in Broward provides clients in the Fort Lauderdale metro area with plenty of information and guidance. To assist locals and visitors with house purchases through financing offers, this mortgage firm was established in 2005. Through its contacts with investors, they have access to a variety of conventional loans and government financing. Spanish-speaking consumers can receive assistance from their loan officers and personnel.
5. Kloze Mortgage
For consumers in the Fort Lauderdale area since 2019, Kloze Mortgage has provided individual assistance to find the best mortgage. It is a Florida-based mortgage lending company with a solid reputation for closing even the most challenging loans and providing exceptional client service. Their team wants to provide both industrial and household borrowers with concierge-level financing services.
6. Mortgages Direct
One of the most cutting-edge retail mortgage brokerages in the U.S., Mortgage Direct is operational by a CEO with 18 years of real estate lending experience. Their corporate headquarters are in Fort Lauderdale, and they have a license from the state of Florida. Through their VIP Smart Rate Shop System, Mortgage Direct is assisting homeowners with their home purchases and refinances.
7. Paramount Residential Mortgages
Paramount Residential Mortgage Group, Inc. is a distinguished and unbiased mortgage company in Fort Lauderdale. It is regularly included among the top 25 largest privately owned mortgage lenders. Their committed mortgage brokers offer special, one-of-a-kind service that is tailored to their particular demands. They offer services that are warm, understanding, professional, swift, and effective. They pride themselves on offering the best degree of customer satisfaction.
Whether you’re looking for dream homes on the water or wish list items like world-class beaches, Fort Lauderdale has something for everyone. Thanks to the huge demand from homebuyers, the real estate market is booming. It is a perfect time to buy a property in this vibrant and thriving city.
Reliance Financial has years of experience in delivering the best mortgage rates across different lenders. Moreover, we provide you with personalized guidance towards acquiring the perfect property for you. You deserve the best of the best. So why settle for less, when trying to locate and secure your dream home. Contact Reliance Financial now to get a free quote and begin a new life in Fort Lauderdale.