The Best Mortgage Lenders in Palm Beach Gardens, FL
Compare verified mortgage lenders serving Palm Beach Gardens, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Palm Beach Gardens
Featured Mortgage Lenders
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage
AmeriFirst Home Mortgage stands out as a top-rated local mortgage lender with deep roots in Palm Beach Gardens. With an exceptional 4.9 rating from hundreds of reviews, they specialize in serving South Florida homeowners with personalized service and competitive rates. Their team of experienced loan officers provides comprehensive guidance through conventional, FHA, VA, and jumbo loan options. The company's strong community presence and 25 years of experience make them a trusted choice for both first-time homebuyers and experienced real estate investors in the Palm Beach area.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established a strong reputation in Palm Beach Gardens with their comprehensive loan programs and exceptional customer service. With a 4.8 rating from nearly 200 local reviews, they offer a wide range of mortgage solutions including specialized construction loans and government-backed programs. Their local team of mortgage experts provides personalized attention throughout the entire lending process, from application to closing. The company's national presence combined with local expertise ensures competitive rates and efficient processing for Palm Beach County residents.
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First Horizon Bank
First Horizon Bank
First Horizon Bank brings three decades of banking experience to the Palm Beach Gardens area, offering a full range of mortgage products with the stability of an established financial institution. With a strong 4.7 rating and extensive local presence, they provide specialized services including construction loans and home equity lines of credit that are particularly valuable in the luxury Palm Beach real estate market. Their experienced loan officers understand the unique aspects of Florida property financing and offer competitive jumbo loan options suitable for the area's higher-priced homes.
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Frequently Asked Questions
Common questions about mortgage lending in Palm Beach Gardens, FL
What are the current mortgage rates like in Palm Beach Gardens, FL?
Mortgage rates in Palm Beach Gardens are generally competitive with national averages but can be influenced by Florida's strong housing demand and hurricane insurance requirements. As of late 2023, rates for 30-year fixed mortgages typically range from 6.5% to 7.5%, though this varies by lender, loan type, and borrower qualifications. It's advisable to compare rates from both local Florida lenders and national institutions.
Are there any special mortgage programs for first-time homebuyers in Palm Beach Gardens?
Yes, Palm Beach Gardens homebuyers can access Florida Housing Finance Corporation programs like the Florida First and Florida HFA Preferred loans, which offer competitive interest rates and down payment assistance. Additionally, some local lenders may offer specific programs for Palm Beach County residents. These programs are particularly valuable given Palm Beach Gardens' premium housing market.
How does Palm Beach Gardens' flood zone designation affect my mortgage requirements?
Given Palm Beach Gardens' coastal location and numerous waterways, many properties require flood insurance, which mortgage lenders typically mandate for homes in designated flood zones. This additional insurance cost can range from $500 to $3,000+ annually, depending on the property's specific flood risk. Your lender will order a flood certification to determine if this requirement applies to your purchase.
What should I know about condominium financing in Palm Beach Gardens?
Condo financing in Palm Beach Gardens requires special attention to the building's certification status, particularly for older buildings following the Surfside collapse. Lenders will scrutinize the condo association's reserves, insurance coverage, and any pending special assessments. Many waterfront and luxury condos may require jumbo loans, which have stricter requirements than conventional financing.
How do homeowner association (HOA) fees impact mortgage qualification in Palm Beach Gardens' gated communities?
With many gated communities and master-planned developments in Palm Beach Gardens, HOA fees ranging from $300 to $1,000+ monthly are common. Lenders factor these fees into your debt-to-income ratio, potentially reducing the loan amount you qualify for. It's crucial to obtain accurate HOA fee information early in the mortgage process, as these fees can significantly impact affordability calculations.
Nearby Cities
Explore mortgage lenders in cities near Palm Beach Gardens, FL
Why Choose a Mortgage Lender in Palm Beach Gardens?
Local Market Knowledge
Lenders who understand Palm Beach Gardens'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 Palm Beach Gardens and get competitive rates on your home loan.