The Best Mortgage Lenders in Englewood, FL
Compare verified mortgage lenders serving Englewood, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Englewood
Featured Mortgage Lenders
Mortgage Department
Suncoast Credit Union
As Florida's largest credit union with deep roots in Southwest Florida, Suncoast Credit Union consistently ranks among the top mortgage lenders serving Englewood. Their local mortgage specialists understand the unique Florida housing market and offer competitive rates with personalized service. With over 80 years of community banking experience, they provide a full range of mortgage products including specialized Florida-specific programs. Their high customer satisfaction ratings reflect their commitment to making the mortgage process smooth and transparent for Englewood homebuyers.
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Mortgage Specialists
The Mortgage Firm
The Mortgage Firm has been a trusted name in Southwest Florida mortgage lending for nearly three decades, with a strong presence serving Englewood homebuyers. They consistently receive exceptional ratings for their expertise in Florida's unique mortgage landscape, including coastal properties and retirement homes. Their team of experienced loan officers provides personalized service with access to a wide range of loan programs. The company is particularly noted for their efficient processing and competitive rates, making them a top choice for Englewood residents seeking reliable mortgage solutions.
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Loan Officers
Supreme Lending
Supreme Lending's Sarasota branch has established itself as a premier mortgage provider for Englewood homebuyers, combining national lending power with local market expertise. With over two decades of experience, they offer competitive rates and a streamlined digital mortgage process while maintaining personalized service. Their loan officers are particularly skilled at navigating the complexities of Florida property transactions, including waterfront homes and condominiums. The company receives consistently high marks for their responsive communication and ability to close loans efficiently, making them a reliable choice for Englewood's diverse housing market.
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Frequently Asked Questions
Common questions about mortgage lending in Englewood, FL
What are current mortgage rates like in Englewood, FL compared to the national average?
Mortgage rates in Englewood typically align closely with national averages, but local factors like property type and flood insurance requirements can sometimes influence lender risk assessments. As of late 2023, rates for 30-year fixed mortgages in Englewood generally ranged between 6.5-7.5%, though this fluctuates frequently. It's wise to compare offers from both local Florida lenders and national institutions for the best terms.
Are there any first-time homebuyer programs specific to Englewood or Charlotte/Sarasota counties?
While Englewood itself doesn't have city-specific programs, homebuyers can access Florida-wide initiatives like the Florida HFA Preferred Conventional Loan and FL Assist, which offer competitive rates and down payment assistance. Additionally, Sarasota County offers the SHIP (State Housing Initiatives Partnership) program, which provides down payment and closing cost assistance to eligible buyers in the Englewood area.
How does Englewood's flood zone designation affect my mortgage process?
Since much of Englewood is in flood zones AE and VE, lenders will require flood insurance as a condition for your mortgage. This additional insurance cost—typically $1,500-$4,000 annually—must be factored into your debt-to-income ratio. Your mortgage lender will order a flood certification to determine the exact requirements for your specific property.
What special considerations should I know about financing manufactured homes in Englewood?
Financing manufactured homes in Englewood requires specific loan programs, as many conventional lenders have restrictions. You'll typically need an FHA, VA, or USDA loan if the home is on leased land, or a conventional mortgage if it's on owned property. The home must be classified as real property (not personal) and meet HUD certification standards for financing eligibility.
How do property taxes in Englewood impact mortgage affordability?
Englewood homeowners benefit from Florida's property tax structure, with no state income tax and average rates around 0.86-1.10% of home value. However, Charlotte and Sarasota counties have slightly different millage rates depending on which side of Englewood you're purchasing in. Your lender will calculate escrow payments based on the specific property's tax assessment, which typically adds $200-$400 to monthly mortgage payments for a median-priced home.
Nearby Cities
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Why Choose a Mortgage Lender in Englewood?
Local Market Knowledge
Lenders who understand Englewood'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 Englewood and get competitive rates on your home loan.