The Best Mortgage Lenders in Century, FL
Compare verified mortgage lenders serving Century, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Century
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in Northwest Florida, including Century. Known for exceptional customer service and competitive rates, they have built a reputation for streamlining the mortgage process with personalized guidance. Their team specializes in various loan types, ensuring options for first-time homebuyers, veterans, and those seeking refinancing. With hundreds of positive reviews highlighting their reliability and efficiency, they are a trusted choice for residents in Escambia County and surrounding areas.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its fast closings and customer-centric approach, serving Century and the broader Pensacola region. They offer a comprehensive range of mortgage products and are praised for their transparent communication and competitive rates. With a focus on community involvement and years of experience, they have earned strong reviews for making home financing accessible and stress-free. Their local office ensures personalized service for buyers in rural and urban areas alike.
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LoanDepot
LoanDepot, LLC
LoanDepot is a reputable national lender with a strong local presence in Pensacola, effectively serving Century and nearby communities. They are known for their innovative technology and wide array of loan options, providing competitive rates and flexible terms. With a high volume of positive customer feedback, they excel in customer satisfaction and have a track record of efficient processing. Their experienced team helps navigate the mortgage journey, making them a reliable option for homebuyers in Northwest Florida.
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Frequently Asked Questions
Common questions about mortgage lending in Century, FL
What are current mortgage rates like for homes in Century, FL?
Mortgage rates in Century are generally competitive with national averages, but can vary based on property type and location within the rural area. As of late 2024, rates for 30-year fixed mortgages in the Century area typically range from 6.5% to 7.25%. It's important to shop local lenders who understand the unique rural property considerations in this part of Escambia County.
Are there any special loan programs for Century homebuyers with lower incomes?
Yes, Century homebuyers may qualify for USDA loans, which are particularly relevant since much of the area is designated rural. These loans offer 100% financing with no down payment requirement for eligible borrowers. Additionally, Florida Housing offers first-time homebuyer programs that can be combined with these loans for down payment assistance.
How does Century's rural location affect the mortgage approval process?
Century's rural classification can impact appraisals, as comparable properties may be limited and farther apart. Lenders may require additional documentation about property condition and access. Some lenders may also have specific requirements for well and septic systems, which are common in this area rather than municipal services.
What should I know about property taxes and insurance when getting a mortgage in Century?
Century homeowners benefit from relatively low property taxes compared to urban areas in Florida, but should budget for higher insurance costs. Due to Century's location in Northwest Florida, flood insurance is often required, and wind insurance can be more expensive. These costs significantly impact your total monthly mortgage payment.
Are there any local down payment assistance programs specifically for Century homebuyers?
While Century itself doesn't offer city-specific programs, Escambia County provides down payment assistance through the State Housing Initiatives Partnership (SHIP) program. Eligible Century homebuyers can receive up to $15,000 in down payment assistance, which becomes a zero-interest, deferred loan forgiven after 5-10 years of occupancy.
Why Choose a Mortgage Lender in Century?
Local Market Knowledge
Lenders who understand Century's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Florida.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Century and get competitive rates on your home loan.