Jumbo Mortgages - Fort Lauderdale - Weston
Fort Lauderdale Jumbo Mortgages
Preston Ware - 20 Years Experience
NMLS License # 216170
My Direct Line (561) 329-0075
If you are in need of a Jumbo Mortgage in Fort Lauderdale and surrounding area, you have come to the right place.
For current homeowners of million dollar homes, who are thinking of listing their luxury waterfront homes or homes out west in Broward County Fort Lauderdale -Weston, the timing is right and momentum is in your favor.
Jumbo Pricing is excellent right now!
- If you have a 720 middle credit score you can do 80% financing and receive a fixed rate in the low four's
- I have a 90% option as well with mortgage insurance
- I have an 85% option with no mortgage insurance
- Adjustable rate pricing is incredible right now. You can look at a 5/1 ARM or a 7/1 ARM and get your rate into the 3% range.
According to researchers at DataQuick.com, a Real Estate News web site, the number of homes sold at more than $1 million dollar threshold, rose nationally by 37% in the first half of 2013.
Dataquick is a real estate news site similar to Zillow or Trulia. If you look around you will see a lot of valuable information and statistical averages there. Much more detail than you would find on Zillow or Trulia which may explain why they took so long getting the data published.
It appears higher end, luxury home buyers have been buoyed by record-breaking Wall St. returns and tax breaks so it’s not surprising that jumbo customers are ready to come out and make some other type of investments as in the Florida Real Estate Market. Other factors helping the situation are that home prices have stabilized and we are seeing one of the worst winters of all time.
Luxury homes and Jumbo mortgages are certainly a niche market in themselves. The mind set of luxury home buyers and luxury home jumbo mortgage customers in Florida is completely different than other categories of Real Estate and Finance. Quite often the customer is a business owner and the second most important thing to them is time management. The first, of course, is getting or finding a good price and a good interest rate. Just like a corporate relocation customer, I will work with you any time of day when you are on the run or even on weekends. Ask that from your local guy at Wells Fargo or Chase.
When people purchase a luxury real estate in Broward and Palm Beach counties they aren’t just buying a amazing house, they are reinforcing a preferred way of life which comes to less than 5%-10% of the population. Successful people usually regard themselves as standouts because, usually they are self-employed individuals and the ones calling the shots !
It’s hard to find the luxury South Florida home buyer who wouldn’t choose a distinctive property over one that, even though luxurious, isn’t special in some way. That’s why we carefully identify the points that make a luxury home in Fort Lauderdale unique—then tell that story!
Generally Jumbo customers need to have a 720 middle credit score to be considered for the best terms. I do have options as low as 660 but loan to value will get cut back. Please call for details.