The Best Mortgage Lenders in Coral Springs, FL
Compare verified mortgage lenders serving Coral Springs, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Coral Springs
Featured Mortgage Lenders
Mark Ferguson
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage is a highly-rated local mortgage lender with a strong presence in Coral Springs, known for exceptional customer service and competitive rates. With over two decades of experience, they specialize in guiding clients through the entire mortgage process with personalized attention. Their team of experienced loan officers provides comprehensive support for various loan types, particularly excelling with first-time homebuyer programs and VA loans. The company maintains an excellent reputation for transparency, quick closings, and building long-term relationships with clients throughout South Florida.
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Michael Suter
Paramount Residential Mortgage Group (PRMG)
PRMG's Coral Springs branch is consistently ranked among the top mortgage lenders in Broward County, offering a wide range of loan products with competitive pricing. The local team, led by experienced professionals, provides personalized service and expert guidance through complex loan scenarios. They are particularly recognized for their expertise in jumbo loans, investment property financing, and construction loans. With strong relationships with multiple investors, they can often secure favorable terms for borrowers with unique financial situations or credit challenges.
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David Friedman
CrossCountry Mortgage
CrossCountry Mortgage's Coral Springs location provides the resources of a national lender with the personalized service of a local boutique. They offer a comprehensive suite of mortgage products with competitive rates and flexible terms. The team is particularly skilled at navigating complex financial situations and providing creative solutions for self-employed borrowers or those with non-traditional income. Their streamlined process and strong communication have earned them excellent reviews from Coral Springs residents, with many clients praising their responsiveness and ability to close loans efficiently.
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Frequently Asked Questions
Common questions about mortgage lending in Coral Springs, FL
What are the current mortgage rates like for homebuyers in Coral Springs, FL?
Mortgage rates in Coral Springs are competitive with national averages but can vary based on lender, loan type, and your financial profile. As of recent trends, rates for 30-year fixed mortgages typically range from the mid-6% to low-7% range. It's wise to compare offers from local lenders and credit unions, as some may offer special promotions or relationship discounts.
Are there any first-time homebuyer programs specific to Coral Springs that can help with down payment or closing costs?
Yes, Coral Springs homebuyers can access Florida Housing's First Time Home Buyer programs, which offer competitive interest rates and down payment assistance. Additionally, the City of Coral Springs occasionally partners with local nonprofits to provide homebuyer education and grants. You should consult with a Florida Housing approved lender to explore options like the Florida Assist or HFA Preferred loans.
How does Coral Springs' proximity to flood zones affect my mortgage and insurance requirements?
Many areas in Coral Springs are in designated flood zones, which will require you to purchase flood insurance as a condition of your mortgage. Lenders will review the property's FEMA flood map designation during underwriting. This additional insurance cost can impact your overall monthly housing payment, so it's important to factor this into your budget when considering homes in flood-prone neighborhoods.
What types of mortgage loans are most common for Coral Springs' condominium and townhome markets?
For Coral Springs condos and townhomes, FHA and conventional loans are popular, but the condo project must be on the FHA or Fannie Mae approved list. Given Coral Springs' many 55+ communities and condominium developments, it's crucial to verify project approval early in the process. Some lenders specialize in these property types and can guide you through specific requirements like reserve studies and owner-occupancy ratios.
How do HOA fees in Coral Springs communities impact my mortgage qualification?
Lenders will include monthly HOA fees when calculating your debt-to-income ratio, which can significantly affect how much home you qualify for in Coral Springs. With many communities having HOA fees ranging from $200 to $500+ monthly, this could reduce your purchasing power by $40,000-$100,000 or more. Be sure to provide your lender with exact HOA amounts during pre-approval to avoid surprises later in the process.
Nearby Cities
Explore mortgage lenders in cities near Coral Springs, FL
Why Choose a Mortgage Lender in Coral Springs?
Local Market Knowledge
Lenders who understand Coral Springs'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 Coral Springs and get competitive rates on your home loan.