The Best Mortgage Lenders in Long Key, FL
Compare verified mortgage lenders serving Long Key, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Long Key
Featured Mortgage Lenders
Mortgage Specialist
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage has been serving Florida homeowners for over 25 years with exceptional customer satisfaction ratings. They specialize in coastal property financing and have extensive experience with the unique requirements of Florida Keys real estate. Their team understands flood insurance requirements, elevation certificates, and other specific considerations for properties in Long Key and the Florida Keys region. With nearly 300 excellent reviews, they're known for competitive rates, transparent communication, and guiding clients through the entire mortgage process from application to closing.
Loan Types:
Mortgage Advisor
Center Coast Mortgage
Center Coast Mortgage has built an outstanding reputation throughout South Florida and the Keys for their expertise in coastal community lending. They offer personalized service and have deep knowledge of the specific challenges and opportunities in the Long Key market. The company is particularly strong with jumbo loans and investment properties, which are common in the Florida Keys. Their team of experienced loan officers provides comprehensive guidance on everything from rate locks to property-specific requirements, ensuring a smooth closing process for buyers in this unique coastal environment.
Loan Types:
Loan Officer
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has a strong presence throughout Florida with multiple offices serving the South Florida and Keys regions. With over 400 positive reviews in the area, they're recognized for their competitive rates and exceptional customer service. They have specific expertise in waterfront and coastal properties, understanding the additional requirements for properties in Long Key. Their digital mortgage platform combined with local expertise makes them a top choice for both first-time homebuyers and experienced investors looking for properties in the Florida Keys market.
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Frequently Asked Questions
Common questions about mortgage lending in Long Key, FL
What are the specific considerations for getting a mortgage on a waterfront property in Long Key?
Waterfront properties in Long Key often require additional insurance coverage, including flood insurance and potentially windstorm insurance, which lenders will factor into your debt-to-income ratio. Properties may also require specialized inspections for seawalls, docks, or erosion control. Lenders familiar with the Florida Keys market can help navigate these unique requirements.
Are there any special mortgage programs for purchasing a home in a flood zone like Long Key?
While there aren't specific mortgage programs for flood zones, all mortgages in Long Key will require flood insurance through the NFIP. Some lenders may offer guidance on incorporating these costs, and Florida Housing offers first-time homebuyer programs that can be used in Long Key, though they don't specifically address flood zone concerns.
How do hurricane risks in Long Key affect the mortgage process and costs?
Lenders in Long Key typically require separate windstorm insurance in addition to standard homeowners insurance, which can significantly increase your monthly housing costs. Some properties may require additional inspections for hurricane shutters or reinforced construction. These insurance requirements are strictly enforced by lenders in the Florida Keys.
What types of properties are most common for mortgage lending in Long Key?
Long Key primarily consists of single-family homes, townhomes, and condos, many of which are waterfront or canal-front properties. Condo purchases require careful review of the association's financial health and insurance coverage, which lenders scrutinize closely. Manufactured homes on leased land can present financing challenges.
How does being in Monroe County affect property tax considerations for mortgage lending in Long Key?
Monroe County property taxes include additional costs for services specific to the Florida Keys, such as mosquito control and special infrastructure maintenance. Homestead exemption can provide significant savings, and lenders will calculate your escrow requirements based on these county-specific tax rates. First-time Florida homebuyers may qualify for additional property tax benefits.
Nearby Cities
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Why Choose a Mortgage Lender in Long Key?
Local Market Knowledge
Lenders who understand Long Key'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 Long Key and get competitive rates on your home loan.