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Cocoa, FL

The Best Mortgage Lenders in Cocoa, FL

Compare verified mortgage lenders serving Cocoa, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
1050+
Reviews
7
Loan Types

Available Loan Programs in Cocoa

Conventional
FHA
VA
USDA
Jumbo loans
Jumbo
Refinance

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

Movement Mortgage is a top-rated lender known for its efficient processing and personalized service, with a strong local presence in Brevard County. They excel in providing competitive rates and a wide range of loan options, backed by high customer satisfaction scores and a commitment to community involvement. Their digital tools and local loan officers make them a preferred choice for Cocoa residents seeking reliable mortgage solutions.

Experience:15 years
Reviews:350 customer reviews
100 Rialto Place, Melbourne, FL 32901

Loan Types:

ConventionalFHAVAUSDAJumbo loans
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2

Guaranteed Rate

Guaranteed Rate, Inc.

★★★★☆
4.7/5

Guaranteed Rate is a highly reputable national lender with a robust presence in Central Florida, serving Cocoa with competitive rates and innovative technology. They are praised for their transparency, fast closings, and extensive loan products. With numerous awards and high customer reviews, they offer expert guidance and local support, making them a trusted option for homebuyers in the area.

Experience:23 years
Reviews:300 customer reviews
200 South Orange Avenue, Orlando, FL 32801

Loan Types:

ConventionalFHAVAJumboRefinance
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3

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.9/5

Fairway Independent Mortgage Corporation is renowned for its exceptional customer service and deep community roots in Florida. They offer a comprehensive suite of mortgage products with competitive rates and have consistently high ratings for their responsive and knowledgeable loan officers. Their commitment to education and support throughout the loan process makes them a standout choice for Cocoa homebuyers.

Experience:27 years
Reviews:400 customer reviews
1000 Legion Place, Orlando, FL 32801

Loan Types:

ConventionalFHAVAUSDAJumbo
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Frequently Asked Questions

Common questions about mortgage lending in Cocoa, FL

What are the current mortgage rates like for homebuyers in Cocoa, FL?

Mortgage rates in Cocoa typically align with national averages but can be slightly influenced by Florida's insurance costs and local market demand. As of recent trends, rates for 30-year fixed mortgages in the Cocoa area range from 6.5% to 7.5%, but shopping local lenders like Space Coast Credit Union or regional banks can sometimes yield competitive offers. It's wise to get multiple quotes since rates can vary between lenders serving Brevard County.

Are there any first-time homebuyer programs specific to Cocoa that can help with down payments?

Yes, Cocoa homebuyers can access Florida Housing's First Time Home Buyer program, which offers down payment assistance and competitive interest rates. Additionally, Brevard County's SHIP (State Housing Initiatives Partnership) program provides eligible Cocoa residents with deferred-payment loans for down payment and closing costs. These programs are particularly valuable given Cocoa's median home prices, making homeownership more accessible for qualified buyers.

How does Cocoa's proximity to flood zones affect mortgage requirements?

Due to Cocoa's location along the Indian River and proximity to the coast, many properties require flood insurance, which lenders will mandate for mortgages in designated flood zones. This additional cost typically ranges from $500-$2,000 annually and must be factored into your monthly housing payment. Your lender will order a flood zone determination during the mortgage process to confirm requirements.

What special considerations should I know about getting a mortgage for a older home in Cocoa's historic districts?

Financing older homes in Cocoa's historic areas like the Porcher House district may require specialized loan products, as some conventional loans have restrictions on homes over 50 years old. You might need a FHA 203(k) renovation loan or consider a portfolio loan from local lenders familiar with Cocoa's historic properties. Always get a thorough inspection, as older electrical, plumbing, or foundation issues could affect loan approval.

How does the Space Coast employment market impact mortgage approval in Cocoa?

Lenders view employment with major Space Coast employers like NASA, SpaceX, and Patrick Space Force Base favorably due to stable income history. However, seasonal or tourism-related employment common in Cocoa might require additional documentation to prove consistent income. Self-employed borrowers should prepare 2+ years of tax returns, as lenders carefully assess income stability in the local market.

Mortgage Insights

Finding Your Perfect Mortgage Match in Cocoa, Florida

Searching for "mortgage agents near me" is one of the smartest first steps you can take as a potential homebuyer in Cocoa. It’s more than just finding a loan; it’s about partnering with a local expert who understands the unique rhythms of our Space Coast market. From the historic downtown streets to the newer developments near the 528 corridor, Cocoa offers diverse opportunities, and the right mortgage agent is your guide to navigating them successfully.

Why does local expertise matter so much here? A mortgage agent based in Brevard County brings invaluable insight into Cocoa's specific market conditions. They understand the nuances of different neighborhoods, from the appeal of riverfront properties to the practicalities of flood zones—a critical consideration in our coastal community. They can accurately assess property values in areas like Port St. John or the subdivisions off Clearlake Road, ensuring your offer and loan are grounded in local reality. Furthermore, they have established relationships with local appraisers and title companies, which can help streamline the entire process, a key advantage in a market where well-priced homes can move quickly.

Your search should focus on agents who are well-versed in Florida-specific programs and the realities of homeownership in the Sunshine State. Be sure to ask any agent you interview about their experience with the Florida HFA (Housing Finance Corporation) programs, which offer competitive first-time homebuyer loans with down payment assistance—a huge benefit in today’s climate. They should also be experts on managing the unique closing costs in Florida, which include prepaid items like homeowner's insurance. Given our exposure to hurricanes, securing and financing adequate insurance is a non-negotiable part of the mortgage process here, and a good local agent will prepare you for this.

For actionable advice, start your search by asking for referrals from your local real estate agent or friends who have recently purchased in Brevard. Look for agents with strong online reviews and a clear presence in the Cocoa community. When you speak with them, come prepared with questions: "How do you help clients compete in multiple-offer situations common in Cocoa?" or "Can you walk me through the specific down payment assistance programs I might qualify for as a Florida resident?" A great agent won’t just quote rates; they’ll educate you.

Ultimately, the right "mortgage agent near you" in Cocoa acts as your financial advocate, tailoring solutions to help you land the keys to a home where you can watch rocket launches from your backyard. By choosing a professional embedded in our community, you’re not just getting a loan—you’re gaining a partner who knows exactly how to help you plant roots on Florida’s Space Coast.

Nearby Cities

Explore mortgage lenders in cities near Cocoa, FL

Why Choose a Mortgage Lender in Cocoa?

Local Market Knowledge

Lenders who understand Cocoa'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 Cocoa and get competitive rates on your home loan.