The Best Mortgage Lenders in Citra, FL
Compare verified mortgage lenders serving Citra, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Citra
Featured Mortgage Lenders
Jason Laky
Guaranteed Rate Affinity
Jason Laky with Guaranteed Rate Affinity is one of the highest-rated mortgage professionals serving the Citra and greater Ocala area. With over 15 years of experience and nearly 200 excellent reviews, he specializes in providing personalized mortgage solutions for first-time homebuyers, veterans, and investment properties. His office in Ocala provides convenient local service to Citra residents with competitive rates and extensive loan program options.
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Mortgage Solutions of Central Florida
Mortgage Solutions of Central Florida
Mortgage Solutions of Central Florida has built an outstanding reputation serving Marion County and surrounding areas including Citra. As a local mortgage brokerage, they offer personalized service and access to multiple lenders to find the best rates and terms. Their team specializes in helping buyers navigate the unique aspects of rural and semi-rural properties common in the Citra area, with particular expertise in USDA and VA loan programs.
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Florida Credit Union Mortgage Department
Florida Credit Union
Florida Credit Union has been serving North Central Florida communities for over 65 years and provides comprehensive mortgage services to Citra residents. As a member-owned financial cooperative, they offer competitive rates and personalized service with local decision-making. Their mortgage team has extensive experience with the unique property types and lending needs of the Citra area, including rural properties and agricultural land considerations.
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Frequently Asked Questions
Common questions about mortgage lending in Citra, FL
What are the current mortgage rates like in Citra, FL, and how do they compare to state averages?
Mortgage rates in Citra typically align closely with Florida's state averages, though they can be slightly higher than national averages due to Florida's insurance and climate risks. Currently, rates for 30-year fixed mortgages in the Citra area range from approximately 6.5% to 7%, depending on credit score and loan type. Working with a local lender who understands Marion County's market can help you secure the most competitive rate available.
Are there any first-time homebuyer programs specifically available for Citra residents?
Yes, Citra homebuyers can access Florida Housing's First Time Home Buyer program, which offers competitive interest rates and down payment assistance. Additionally, Marion County sometimes offers local grants or programs for low-to-moderate income buyers purchasing in the area. These programs are particularly valuable in Citra where median home prices are more affordable than in larger Florida cities.
How does Citra's rural location affect mortgage lending requirements?
Citra's rural designation can actually work to your advantage through USDA loans, which offer 100% financing with no down payment required for eligible properties and borrowers. Many properties in and around Citra qualify for USDA rural housing loans due to the area's population density. However, some lenders may require additional property inspections for rural homes, particularly for well and septic systems.
What special insurance considerations should I factor into my mortgage budget for a Citra home?
Citra homeowners should budget for higher homeowners insurance premiums due to Florida's hurricane risk and the area's exposure to severe weather. Typical annual insurance costs in Marion County range from $2,000 to $4,000 depending on home value and construction. Additionally, many mortgage lenders require flood insurance determinations, though most of Citra is in lower-risk flood zones compared to coastal areas.
Are there any local down payment assistance programs for buying a home in Citra?
While Citra itself doesn't have city-specific programs, buyers can utilize Marion County's SHIP (State Housing Initiatives Partnership) program which provides down payment and closing cost assistance to income-qualified buyers. The Florida Assist program also offers up to $10,000 in down payment assistance as a second mortgage. These programs are particularly beneficial in Citra's market where median home prices remain below state averages.
Why Choose a Mortgage Lender in Citra?
Local Market Knowledge
Lenders who understand Citra'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 Citra and get competitive rates on your home loan.