The Best Mortgage Lenders in Davenport, FL
Compare verified mortgage lenders serving Davenport, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Davenport
Featured Mortgage Lenders
Jason Perkins
Fairway Independent Mortgage Corporation - Orlando
Jason Perkins and his team at Fairway Independent Mortgage have established themselves as one of Central Florida's top-rated mortgage lenders with exceptional customer satisfaction. Serving the Davenport area extensively, they specialize in helping both local residents and vacation home buyers navigate the unique Florida market. With over 1,500 five-star reviews across platforms and numerous industry awards, they're known for their responsive communication, competitive rates, and expertise in all loan types including specialized programs for Disney employees and other local professionals.
Loan Types:
Mike Balsamo
Traditions Bank Mortgage
As a senior mortgage banker with Traditions Bank, Mike Balsamo brings extensive experience serving the Polk County region including Davenport. Traditions Bank has deep roots in Central Florida with a strong community focus and local underwriting authority that enables faster loan decisions. They're particularly recognized for their construction lending expertise and personalized service approach. With consistently high ratings for customer satisfaction and deep knowledge of the local real estate market, they provide competitive conventional and government loan options.
Loan Types:
Brian Quigley
Embrace Home Loans - Winter Haven
Embrace Home Loans has been serving Florida homebuyers for over 40 years, with their Winter Haven office strategically located to serve the Davenport market. Brian Quigley and his team are known for their innovative loan programs and exceptional customer service, particularly for first-time homebuyers and those with unique financial situations. They offer digital mortgage solutions alongside personalized guidance, and have built a strong reputation for closing loans on time with competitive rates. Their extensive experience with Florida's specific market conditions makes them a top choice for Davenport area home financing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Davenport, FL
What are the current mortgage rates like for homes in Davenport, FL?
Mortgage rates in Davenport are generally competitive with national averages, but can be influenced by Florida's property insurance costs and local market demand. As of late 2023, rates for 30-year fixed mortgages typically range from 6.5% to 7.5%, though this varies by lender and borrower qualifications. Working with a local lender familiar with the Davenport market can help you secure the best available rate.
Are there any first-time homebuyer programs specific to Davenport that I should know about?
Yes, Davenport homebuyers can access Florida Housing Finance Corporation programs, which offer competitive interest rates and down payment assistance. These programs are particularly valuable in Davenport's growing market where new construction is common. Additionally, some local lenders offer specialized programs for service industry workers, given Davenport's proximity to major theme parks.
How does Davenport's status as a vacation rental market affect mortgage qualification?
If you're purchasing a property intended for short-term rentals, you'll typically need a non-owner occupied investment property loan, which requires 20-25% down and has slightly higher interest rates. Lenders will scrutinize potential rental income more carefully in Davenport due to the saturated vacation rental market. For primary residences in vacation rental communities, some lenders may have additional restrictions.
What special considerations should I know about when getting a mortgage for a new construction home in Davenport?
Davenport's numerous new construction communities often require construction-to-permanent loans, which have different qualification requirements than standard mortgages. You'll need to work with builders who are approved by lenders, and be prepared for longer closing timelines. Many Davenport builders offer their own preferred lender incentives, which can include closing cost assistance or rate buydowns.
How do Polk County property taxes impact mortgage payments in Davenport?
Polk County property taxes typically add $1,500-$3,000 annually to your mortgage escrow payments, depending on home value and exemptions. Davenport homeowners benefit from Florida's homestead exemption, which can save you hundreds annually if it's your primary residence. New construction homes often have initially lower tax assessments that may increase after the first year, so budget accordingly.
Nearby Cities
Explore mortgage lenders in cities near Davenport, FL
Why Choose a Mortgage Lender in Davenport?
Local Market Knowledge
Lenders who understand Davenport'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 Davenport and get competitive rates on your home loan.