Mortgage Loans for Real Estate in Florida
If you are in need of a Mortgage for Real Estate in Florida, you have come to the right place.
Whether you are purchasing or refinancing, I can help you.
Please use this page to get a feel for what is happening in your local area in the state.
Preston Ware - 20 + Years Experience
NMLS License # 216170
My Direct Line (561) 329-0075
Overall it appears Florida has come out of the ice age
and is poised for a good year in Mortgages & Real Estate in 2017
2016 was a year of steady appreciation coupled with relatively low interest rates. Freddie Mac , the housing giant is predicting more of the same for 2016. In fact they are going out on a limb stating that 2016 will be one of the best years in a decade. See below.
I am a home mortgage specialist in Florida and also I like to think of myself as a relocation specialist. For twenty years, everybody from all walks of life have been coming to Florida. In fact there has only been a few years in the last 60 where more people left. (I believe that was 2008-2009.) Since then the state seems to have repaired itself quite well and seems to be enjoying some nice appreciation in most places.
I have helped customers from all walks of life, from all different parts of the country, and the world, settle here in Florida. I look forward to helping you.
I will coach you and guide you through the mortgage process and put the best mortgage financing available on the table for you. The other goal is to make the process as painless as possible. Regardless of what you may think banks want to lend. At least my bank does.
This page gives you a birds-eye view of the state. When you determine what city you wish to explore, click on that hyperlink and you will arrive at a landing page devoted to that area. If you settle on a certain area I may be able to help you by suggesting a good realtor in your area.
***** Remember, before you jump in the car with a good Realtor, you will need to call me to get properly pre-approved before you go shopping.******
Here are some helpful graphs provided by Zillow and City Data , the real estate web sites. This is a graph provided by Zillow.com which gives the trend for the entire state. In general, home values are on the rise in Florida up substantially since 2011.
Let's start by covering the state from South to North
The Keys/ Key West Mortgage Banker - Starting off with the Florida Keys. I am showing Key West as an example. This area is/was relatively flat compared to other parts of the state but I must say that some of the customers that I have helped over the last two years have done really well on their values. We did FHA loans to get them in the homes and then they were quickly able to refinance later and get rid of PMI because at the one year mark their values had appreciated 15% or more. (Ask me about this)
Miami Mortgage Banker - In Miami, the median home price has reached over $300,000, up from $200,000 in 2010. Notice volume is slightely lower due to a limited number of homes on the market.
Fort Lauderdale Mortgage Banker - The median home price in Fort Lauderdale is up to $200,000 from $120,000 in 2010. Volume is at about 2000 units a quarter which is low for this area.
Delray Beach Mortgage Banker - Scenic Delray Beach is considered to be one of the nicest towns in America. If you have never been there, I strongly recommend a road trip.
Boca Raton Mortgage Banker - Boca Raton appreciated 22% in 2013, more than this graph indicates. That information is provided by an excellent Boca Raton Real Estate agent Marc Jablon.
Wellington Mortgage Banker - The average home price in Wellington Florida has jumped from approximately $250,000 in the middle of 2010 to almost $400,000 by the end of 2013. There is a lot of jumping around taking place in Wellington thanks to the active equestrian scene there.
Lake Worth Mortgage Banker The current graph posted for Lake Worth from Citi-data is disjointed and considered too unreliable to update this page. Here is a previous graph. For more details go to the page where I compare the current graph to information provided by Zillow.com.
Jupiter Mortgage Banker - Jupiter is one of my favorite towns in Florida and you can see why. Median home prices have jumped from under 200,000 in 2010 to almost $300,000 by the end of 2013.
West Palm Beach Mortgage Banker - It looks like median home prices in West Palm Beach have doubled from 2010 to the end of 2013 going from $100,000 to a median price of $200,000. This is where I make my home so I know for a fact that home prices were demolished during the mortgage meltdown years of 2007 - 2010 and we have come back a long ways.
Tampa Mortgage Banker - Similar to West Palm Beach, Tampa has seen home prices go from approximately $100,000 in 2010 to $180,000 in 2013.
Orlando Mortgage Banker - Due to a high number of foreclosures on the market in Orlando, Florida the median home price went from $80,000 in 2010 to approximately $150,000 by the end of 2013.
Fort Myers / Cape Coral Mortgage Banker - The 2014 graph gives a better indication of what is going on in Fort Myers. Many buyers agents are reporting a shortage of homes to puchase.
Jacksonville Mortgage Banker - Due to a large number of foreclosures and short sales Jacksonville has been one of the flattest areas of the state. Home prices were at $100,000 in 2010 and now they are approximately at $120,000.
Just because your home town is not listed doesn't mean I cannot help you. Please give me an email at Preston@prestonware.com or give me a call at 561-329-0075. I service the entire state of Florida. Thank you