The Best Mortgage Lenders in Palm Coast, FL
Compare verified mortgage lenders serving Palm Coast, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Palm Coast
Featured Mortgage Lenders
Justin Shearer
Movement Mortgage
Justin Shearer at Movement Mortgage is one of Palm Coast's highest-rated local mortgage professionals with nearly two decades of experience. Specializing in serving Flagler County and surrounding areas, he has built an exceptional reputation for personalized service, competitive rates, and efficient loan processing. With hundreds of 5-star reviews from local homebuyers, he's known for his expertise in first-time homebuyer programs, VA loans for military families, and providing clear communication throughout the entire mortgage process. His local knowledge of the Palm Coast housing market makes him a top choice for both purchase and refinance transactions.
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Chris Brown
Chris Brown Team at Fairway Independent Mortgage Corporation
The Chris Brown Team at Fairway Independent Mortgage has established itself as one of the premier mortgage lending groups serving the Palm Coast area. With over a decade of experience and hundreds of successful local transactions, they're renowned for their competitive rates and exceptional customer service. They specialize in working with first-time homebuyers, military families using VA benefits, and investment property financing. Their team approach ensures clients receive comprehensive support throughout the mortgage process, with particular expertise in navigating the unique aspects of Florida's real estate market and coastal property financing.
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VyStar Credit Union Mortgage Department
VyStar Credit Union
As one of Northeast Florida's largest and most established credit unions, VyStar has a strong physical presence in Palm Coast with a full-service branch and dedicated mortgage team. With over seven decades of serving the community, they offer highly competitive rates for members and exceptional customer service. Their local mortgage experts understand the specific needs of Palm Coast homebuyers and provide personalized guidance through the entire loan process. VyStar is particularly strong in first-time homebuyer programs, VA loans, and offers the advantage of keeping servicing local rather than selling loans to distant investors. Their community-focused approach and comprehensive financial services make them a top choice for Palm Coast residents.
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Frequently Asked Questions
Common questions about mortgage lending in Palm Coast, FL
What are the current mortgage rates like in Palm Coast, FL compared to the national average?
Palm Coast mortgage rates typically align closely with national averages, but local competition among lenders can sometimes create slightly better terms. Currently, rates in Palm Coast are competitive for both conventional and FHA loans, with factors like your credit score and down payment significantly influencing your final rate. It's wise to compare offers from local credit unions, national banks, and mortgage brokers serving the Flagler County area.
Are there any first-time homebuyer programs specific to Palm Coast that can help with down payments?
Yes, the Florida Housing Finance Corporation offers statewide programs like the Florida First and HFA Preferred loans, which are accessible to Palm Coast buyers. These programs provide competitive interest rates and down payment assistance, which is particularly valuable in Palm Coast's growing market. Additionally, some local lenders may have their own first-time buyer incentives, so it's beneficial to consult with a mortgage advisor familiar with Flagler County.
How does Palm Coast's proximity to flood zones impact my mortgage and insurance requirements?
Given Palm Coast's extensive canal system and coastal location, many properties are in designated flood zones, which directly affects your mortgage. Lenders will typically require flood insurance in addition to homeowners insurance, adding to your monthly costs. It's crucial to review a property's FEMA flood map designation early in the homebuying process to accurately budget for these mandatory insurance premiums.
What types of properties are most common in Palm Coast, and does this affect loan options?
Palm Coast features many single-family homes, condos, and properties within age-restricted 55+ communities, each with different financing considerations. Condos require review of the HOA's financial health and insurance for FHA or conventional financing, while homes in 55+ communities have specific occupancy rules. Your loan options can vary based on the property type, so working with a lender experienced in Palm Coast's diverse housing stock is advantageous.
Are there any local down payment assistance programs for Palm Coast homebuyers?
While Palm Coast doesn't have a city-specific program, buyers can utilize the Florida Hardest-Hit Fund Down Payment Assistance program, which is available in Flagler County. This offers up to $15,000 in silent second mortgage assistance for eligible borrowers. Combining this with Florida Housing's first-time homebuyer programs can significantly reduce upfront costs in Palm Coast's affordable market.
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Why Choose a Mortgage Lender in Palm Coast?
Local Market Knowledge
Lenders who understand Palm Coast'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 Coast and get competitive rates on your home loan.