The Best Mortgage Lenders in Hollywood, FL
Compare verified mortgage lenders serving Hollywood, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hollywood
Featured Mortgage Lenders
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated national lender with a strong South Florida presence, consistently earning exceptional reviews for their Hollywood area service. They offer highly competitive rates and a wide variety of loan programs, with particular expertise in helping first-time homebuyers navigate the Hollywood market. Their local team provides personalized service and has extensive experience with South Florida's unique real estate landscape.
Loan Types:
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage has built an outstanding reputation serving the Hollywood and greater Broward County area with exceptional customer service and competitive financing options. They specialize in both purchase and refinance transactions, with particular strength in FHA and VA loans. Their local expertise and streamlined process make them a preferred choice for Hollywood homebuyers seeking reliable, personalized mortgage service.
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Power Financial Credit Union
Power Financial Credit Union
As a well-established South Florida credit union, Power Financial Credit Union has been serving Hollywood residents for decades with exceptional mortgage products and member-focused service. They offer highly competitive rates to members and provide comprehensive mortgage solutions with local underwriting and decision-making. Their long-standing community presence and commitment to member satisfaction make them a trusted choice for Hollywood home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Hollywood, FL
What are the current mortgage rates like for homebuyers in Hollywood, FL?
Mortgage rates in Hollywood, FL typically align with national averages but can be influenced by local market conditions and lender competition. Currently, rates for 30-year fixed mortgages in the area range from the mid-6% to low-7% range, though this varies based on credit score, loan type, and down payment amount. It's advisable to compare rates from multiple local lenders as South Florida's competitive market can sometimes yield slightly better terms.
Are there any first-time homebuyer programs specifically available in Hollywood, FL?
Yes, Hollywood homebuyers can access several first-time buyer programs including the Florida Housing Finance Corporation's First Time Home Buyer program which offers competitive interest rates and down payment assistance. Additionally, Broward County's Housing Finance Division provides down payment and closing cost assistance to eligible buyers purchasing within the county, including Hollywood. These programs often have income limits and require homebuyer education courses.
How does Hollywood's flood zone designation affect my mortgage process?
Given Hollywood's coastal location, many properties require flood insurance, which becomes a mandatory component of your mortgage. Lenders will require a flood certification during underwriting, and if your property is in a Special Flood Hazard Area, you'll need to secure flood insurance before closing. This additional insurance cost can affect your debt-to-income ratio and overall housing payment, so it's crucial to factor this into your budget early in the process.
What special mortgage considerations should I know about when buying a condo in Hollywood?
Condo purchases in Hollywood face stricter lending requirements, particularly for buildings with high investor concentrations or pending litigation. Many lenders require that no more than 50% of units be investor-owned, and the condo association must have adequate reserves and insurance. FHA and VA loans have additional requirements, so it's important to work with a lender experienced in Hollywood's condo market to navigate these restrictions.
How do Hollywood's property taxes impact mortgage affordability?
Hollywood property taxes average about 1.1% of home value, but can vary based on specific location and homestead exemption status. Florida's Save Our Homes cap limits annual assessment increases to 3% for primary residences with homestead exemption. When calculating your mortgage payment, remember that property taxes are typically included in your monthly escrow payment, and new construction or recently sold properties may see significant tax increases in the first year.
Nearby Cities
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Why Choose a Mortgage Lender in Hollywood?
Local Market Knowledge
Lenders who understand Hollywood'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 Hollywood and get competitive rates on your home loan.