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Old Town, FL

The Best Mortgage Lenders in Old Town, FL

Compare verified mortgage lenders serving Old Town, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
802+
Reviews
10
Loan Types

Available Loan Programs in Old Town

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Construction-to-Permanent
HELOC
Reverse Mortgages

Featured Mortgage Lenders

1

Suncoast Credit Union

Suncoast Credit Union

★★★★☆
4.8/5

As Florida's largest credit union with over 85 years of service, Suncoast Credit Union consistently ranks among the top mortgage lenders in the state. They maintain an exceptional 4.8-star rating across multiple review platforms with particular strength in customer service and competitive rates. While based in Clearwater, they serve members throughout Florida including Old Town and surrounding rural communities. Their mortgage specialists are known for personalized service and expertise with various loan types including specialized rural housing programs that benefit Old Town residents.

Experience:85 years
Reviews:2 customer reviews
1295 Gulf-to-Bay Blvd, Clearwater, FL 33755

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

CenterState Bank (now SouthState Bank)

SouthState Bank, N.A.

★★★★☆
4.7/5

With deep roots in North Central Florida dating back to 1934, SouthState Bank (formerly CenterState) has extensive experience serving rural communities like Old Town. They maintain a 4.7-star rating with particular praise for their local decision-making and understanding of rural property financing. Their Ocala branch location provides convenient access for Old Town residents while offering competitive rates and specialized knowledge of the local real estate market. Customers consistently highlight their responsive service and expertise with agricultural and rural property loans.

Experience:95 years
Reviews:450 customer reviews
201 E Silver Springs Blvd, Ocala, FL 34470

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentJumboHELOC
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3

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.9/5

Fairway Independent Mortgage maintains an exceptional 4.9-star rating with numerous awards for customer satisfaction. Their Gainesville office specifically serves North Central Florida including Old Town, with loan officers who specialize in rural property financing and USDA loans that are particularly relevant to the Old Town area. Founded in 1996, they've built a reputation for competitive rates, fast closings, and exceptional customer service. Reviewers consistently praise their communication, transparency, and ability to handle complex rural property transactions efficiently.

Experience:27 years
Reviews:350 customer reviews
2445 SW 76th St #110, Gainesville, FL 32608

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstructionReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Old Town, FL

What are the typical mortgage rates available in Old Town, FL?

Mortgage rates in Old Town are generally competitive with national averages but can vary based on property type and location within Citrus County. For conventional 30-year fixed loans, rates typically range from 6.5% to 7.5% as of current market conditions. Local lenders familiar with Old Town's rural character may offer slightly better terms than national banks.

Are there any special mortgage considerations for buying a home with land in Old Town?

Yes, many properties in Old Town include significant acreage, which requires special lending considerations. Lenders may require additional appraisals and might limit loan-to-value ratios for properties with extensive land. It's important to work with lenders experienced in rural properties who understand how to properly value both the home and land components.

What first-time homebuyer programs are available specifically for Old Town residents?

Old Town homebuyers can access Florida Housing Finance Corporation's first-time buyer programs, which offer competitive rates and down payment assistance. Additionally, Citrus County occasionally offers local assistance programs, and USDA loans are particularly relevant given Old Town's rural designation, offering 100% financing options for qualified buyers.

How does Old Town's flood zone designation affect mortgage requirements?

Given Old Town's proximity to the Withlacoochee River and numerous springs, many properties require flood insurance. Lenders will mandate flood insurance for homes in designated flood zones, which can add $500-$2,000 annually to housing costs. It's crucial to check FEMA flood maps and factor this into your mortgage budgeting.

What should I know about manufactured home financing in Old Town?

Old Town has many manufactured homes, which require specialized financing different from traditional mortgages. These typically involve higher interest rates, shorter loan terms (15-20 years), and require the home to be on a permanent foundation. Local credit unions and specialized lenders often offer the best terms for manufactured homes in this area.

Mortgage Insights

Finding Your Perfect Home Mortgage Lender in Old Town, Florida

Searching for "home mortgage lenders near me" is more than just finding a convenient office location. For homebuyers in Old Town, Florida, it's about partnering with a professional who understands the unique character of our local market and can guide you through a financing journey as relaxed as our Suwannee River sunsets. The right local lender can make all the difference in turning your Old Town dream into a reality.

Old Town presents a distinct housing landscape. You might be looking at a charming, older riverfront cottage, a newer build in a quiet subdivision, or a spacious property with room for horses. Each property type comes with its own appraisal and financing considerations. A lender familiar with Dixie County and the Nature Coast can accurately assess property values here, which is crucial for a smooth loan approval. They understand that a home's value isn't just in its square footage, but in its proximity to the Suwannee, the Gulf, or the vast natural beauty of our area.

When starting your search, think beyond big national banks. Consider local community banks and credit unions with deep roots in Florida. These institutions often have more flexibility and a personal touch, and their loan officers likely live and work in the region. They understand the ebb and flow of our local economy, which can be advantageous during the underwriting process. Also, don't overlook experienced local mortgage brokers. They work with a network of lenders and can shop your loan profile to find the best fit and rates for your specific situation, which is especially helpful if your financial picture is unique.

Florida offers several homebuyer programs that a knowledgeable local lender will help you navigate. The Florida Housing Finance Corporation (Florida Housing) offers competitive first-time homebuyer loans, down payment assistance, and even specific programs for veterans, teachers, and healthcare workers. These programs can significantly lower the barrier to entry, and a lender who regularly processes these loans will ensure you meet all requirements and deadlines.

Your actionable first step? Get pre-approved, not just pre-qualified. A pre-approval from a reputable local lender carries serious weight with sellers in Old Town's market. It shows you're a committed and vetted buyer. When you interview potential lenders, ask them pointed questions: "How many loans have you closed in Dixie County in the last year?" "What Florida Housing programs do you most commonly use?" "What unique challenges should I anticipate with a property near the river?" Their answers will tell you if they have the local expertise you need.

Ultimately, your mortgage is a long-term relationship. Choosing a lender who is accessible, understands the appraisal values of our unique properties, and is an expert in Florida-specific programs will provide peace of mind. Take the time to find a partner who is invested in our community, just as you are. Welcome to Old Town—let’s get you the keys.

Nearby Cities

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Why Choose a Mortgage Lender in Old Town?

Local Market Knowledge

Lenders who understand Old Town'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 Old Town and get competitive rates on your home loan.