The Best Mortgage Lenders in Cocoa Beach, FL
Compare verified mortgage lenders serving Cocoa Beach, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cocoa Beach
Featured Mortgage Lenders
The Mortgage Firm
The Mortgage Firm
The Mortgage Firm is a highly-rated local mortgage broker with a strong presence in Brevard County, serving Cocoa Beach for nearly three decades. They are renowned for their personalized service, competitive rates, and expertise in various loan types, including VA loans popular in the Space Coast area. With a 4.7-star rating from 180 reviews, customers praise their responsiveness, transparency, and ability to handle complex mortgage scenarios efficiently. Their long-standing community involvement and commitment to customer satisfaction make them a top choice for homebuyers in Cocoa Beach.
Loan Types:
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a reputable national lender with a strong local office in Melbourne, providing comprehensive mortgage services to Cocoa Beach residents. With a 4.3-star rating from 220 reviews, they are praised for their competitive rates, efficient processing, and knowledgeable loan officers. Specializing in a wide range of loan products, including VA and FHA loans, they offer flexible solutions for first-time homebuyers and investors alike. Their dedication to customer service and digital tools for easy application and tracking have built a loyal client base in the Space Coast region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender known for its community-focused approach and rapid loan processing, serving Cocoa Beach from their Melbourne office. With a 4.5-star rating from 120 reviews, they excel in providing personalized mortgage solutions with an emphasis on local market knowledge. Their "More Than a Mortgage" initiative supports community projects, enhancing their reputation for reliability and customer care. Customers highlight their transparency, speed in closing deals, and expertise in VA and conventional loans, making them a trusted option for Brevard County homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Cocoa Beach, FL
What are the current mortgage rates like in Cocoa Beach, FL?
Mortgage rates in Cocoa Beach are competitive with national averages but can be slightly influenced by Florida's insurance and property tax climate. As a coastal city, lenders may also consider flood risk in their assessments. It's best to shop around with both local and national lenders, as rates can vary.
Are there any special mortgage considerations for buying a home in a coastal flood zone in Cocoa Beach?
Yes, many homes in Cocoa Beach are in designated flood zones, which typically requires separate flood insurance. Lenders will mandate this coverage, and the cost can impact your debt-to-income ratio. It's crucial to factor this into your budget when determining how much house you can afford.
What Florida-specific first-time homebuyer programs are available in Cocoa Beach?
Cocoa Beach buyers can access statewide programs like the Florida HFA First Time Home Buyer loan, which offers competitive rates and down payment assistance. The Florida Assist program provides up to $10,000 in down payment help as a second mortgage. These are popular options for qualifying buyers in the area.
How does Cocoa Beach's seasonal tourism economy affect mortgage qualification?
If your income is seasonal or tourism-dependent, you may need to provide two years of tax returns to demonstrate stable earnings. Lenders will average your income across those years. Having substantial reserves can help strengthen your application during off-peak months.
What should I know about property taxes and insurance when getting a mortgage in Cocoa Beach?
Cocoa Beach property taxes are generally lower than national averages, but homeowners insurance is significantly higher due to hurricane risk. Your mortgage payment will include escrow for both, so budget accordingly. Insurance costs have been rising steadily in recent years throughout coastal Florida.
Nearby Cities
Explore mortgage lenders in cities near Cocoa Beach, FL
Why Choose a Mortgage Lender in Cocoa Beach?
Local Market Knowledge
Lenders who understand Cocoa Beach'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 Beach and get competitive rates on your home loan.