Mortgage Lenders in Florida

Top-Rated Mortgage Lender in Florida

Get low rates and low fees paired with unbeatable speed with Jet Direct Mortgage. We’re a direct lender in Florida, providing in-house underwriting and processing for lightning-fast loan closing typically in just 28 days.

Trust us for both new home loans and mortgage refinance. Don’t wait to make your homeownership dreams come true – let Jet Direct Mortgage help you every step of the way.

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As a mortgage lender in Florida, we understand that a home loan is more than just a financial instrument – it is your path to homeownership, and building a brighter future for you and your family. Our team of loan experts can help you get the guidance you need to find the mortgage options that fit your needs the best. At Jet Direct Mortgage, we know that the process of becoming a homeowner can be a stressful and daunting journey, but our excellent customer service will make it hassle-free so you can enjoy your better future in Florida.

If you want an Accurate Mortgage Estimate, we can give you custom rates tailored to your unique and true financial situation. Generic online mortgage rates can only make the application process more confusing, causing unnecessary anxiety that you can easily skip. Contact us to get a personalized quote – even if you don’t have a lot of savings or you are dealing with a bad credit score, we can factor them into your custom rate so you can still get a mortgage for your dream home.

How Do I Find the Best Mortgage Lenders in Florida?

Finding the best mortgage lender in Florida is an essential step to becoming a homeowner. It’s important to keep in mind that not all lenders are made equal, and some of them will give you better conditions and an unmatched customer support, even if you have less-than-ideal credit score. Before you start looking for Florida mortgage lenders, make sure to review your credit score and financial situation so you know where you stand.

Make sure to prioritize lenders who offer transparent terms and responsive customer service to ensure a smooth borrowing experience. Choosing a lender that offers a fast and streamlined service, such as Jet Direct Mortgage, is also important – it will not only save you time and money, but will also ensure that you are going through the application process without stress or anxiety.

Getting a Mortgage in Florida: Your Guide

Getting a mortgage in Florida not only comes down to finding the best mortgage lender – you will also have to prepare for the application process. Here is an overview of what you should do if you are looking to get a home loan in 2024:

  • Assess your finances – check your credit score to get an estimation of your budget. This will give you a more clear idea of how much you can borrow, and what costs you can expect associated with your mortgage. The minimum credit score requirements may vary depending on the type of mortgage.
  • Prepare all the documentation – you will have to prepare a comprehensive set of documents for the application process. This includes, but is not limited to: social security number, proof of income, tax documents, asset and debt information, credit details, proof of reserves, and purchase agreement.
  • Save for a down payment – most types of home loans require a down payment, so make sure to check the guidelines for the type of mortgage you are looking to get, and save accordingly for a down payment. Remember, a larger down payment can reduce your interest rate and monthly payments.
  • Get pre-approved – before house hunting in Florida, get a mortgage pre-approval. This shows sellers you’re a serious buyer and defines your budget. You can get pre-approved with Jet Direct Mortgage, your best mortgage lender in Florida.
  • Choose the right loan – choose the type of home loan that fits your needs the best, as well as the right type of mortgage – it can be fixed-rate or adjustable-rate. If you need help with your decision, our expert team can guide you through the different options you have at your disposal.

What Are The Current Florida State Mortgage Rate Trends?

Florida’s mortgage and refinance rates generally align with national trends, although there can be slight variations due to local market conditions, demand for housing, and economic factors specific to the state. Current mortgage rate trends in Florida show some variation depending on the type of mortgage:

  • 30-Year Fixed Mortgage: Rates are around 6.589% .
  • 15-Year Fixed Mortgage: Rates stand at approximately 5.899% .
  • 5-Year Adjustable-Rate Mortgage (ARM): Rates are at about 7.661% .

The diverse real estate market of Florida, which ranges from urban to rural settings, can experience localized differences. However, the overall direction of mortgage and refinance rates in the state typically follows the national trend, given that these rates are largely influenced by federal monetary policy and global economic factors.

Finding the best mortgage lender in Florida will help you navigate the current mortgage rate trends seamlessly.

Which Are The Least Expensive Places to Live in Florida in 2024?

Discover the Top 5 Most Affordable Cities to Live in Florida in 2024

Looking to stretch your dollar in the Sunshine State? Here are the top 5 cheapest places to live in Florida:

  • Lake City, Florida – with a median house rent of $1,400 and a median home value is $246,921, Lake City is among the cheapest cities to live in Florida. In fact, it is 16% cheaper than the national average when it comes to the overall cost of living.
  • Deltona, Florida – if you are looking for an affordable place to call home, check out Deltona. The median home value is $301,672, and median rent is in the range of $1,249 – $3,800. In addition, the city’s crime rate is 60% lower than other cities in the Sunshine State.
  • Pensacola, Florida – you can also enjoy a low cost living in Pensacola, with a median home price of $258,715, and a rental price ranging from $695 to $7,500.
  • Panama City, Florida – with the overall cost of living in Panama City being 11% lower than the national average, you can enjoy a cheaper cost of living compared with many other cities.
  • Lakeland, Florida – get the best bang for your buck in Lakeland, with overall cost of living 9% below the national average. The median home price is $292,405, and median rent starts at $504, which makes it a very affordable option.

Which Are The Most Expensive Places to Live in Florida in 2024?

Discover the Most Expensive Places to Live in Sunny Florida in 2024

Do you want to move to the Sunshine State? Before you pack your bags and choose the best mortgage lender in Florida, take a look at the priciest cities in Florida. Here are five top contenders:

  • Fort Lauderdale — although slightly more affordable than some of the others on this list, Fort Lauderdale’s luxury waterfront homes and yachting culture still make it one of the pricier cities, with an average home price of over $700,000.
  • Sarasota, Florida — with its cultural amenities, including opera, ballet, and museums, along with stunning beaches, Sarasota attracts a wealthy clientele, making it less affordable to live in for many people.
  • Miami Beach, Florida — known for its iconic art deco architecture, vibrant nightlife, and pristine beaches, Miami Beach remains a hotspot for luxury living. The average home value is $527,807.
  • Boca Raton, Florida — offering a mix of upscale residential communities, exclusive shopping, and high-quality beaches, Boca Raton is a sought-after location for many. However, it’s not even close to cheap – median home prices are selling for around $701,000 .
  • Coral Gables, Florida — known for its Mediterranean-style architecture, historic homes, and exclusive golf courses, Coral Gables is a costly but desirable place to live. Recently sold homes had a median listing price of $1,650,000 .

Will Mortgage Rates Go Down in 2024?

Predicting mortgage rates involves assessing economic indicators, inflation, and Federal Reserve policies. While it’s challenging to forecast accurately, if economic growth slows and inflation stabilizes, rates could potentially decrease. However, unforeseen global events or shifts in policy could impact this trend. However, according to Freddie Mac, mortgage rates will stay above 6.5% through this quarter and next.

According to Fannie Mae Housing Forecast, the 30-year mortgage rate will end 2024 at 6.4%, up from 5.9% in the previous forecast. The average mortgage rate will remain at 6.7% in Q2.

Will Mortgage Interest Rates Go Down in 2024?

According to KPMG Economics senior economist Yelena Maleyev, “Mortgage rates are expected to stay below 7% in the coming months as inflationary pressures ease and the path to [Federal Reserve] rate cuts in the second quarter remains clear. Upside surprises to inflation, employment and wages in the coming months would make the Federal Reserve consider waiting even longer to cut rates, which would then push up other interest rates, including mortgages.”

What Is a Good Refinance Rate in Florida?

A good refinance rate in Florida typically falls below the current average mortgage rate, offering significant savings on interest over the life of your loan. As of early 2024, rates around or below 5% are considered attractive for refinancing, depending on your credit score, loan type, and loan term. Always compare offers from multiple lenders to ensure you’re getting the best deal for your situation.

Top Rated Florida Mortgage Lender

Are you ready to find your ideal mortgage with Jet Direct Mortgage, a top-rated mortgage lender in Florida? Apply Now!