The Best Mortgage Lenders in Plantation, FL
Compare verified mortgage lenders serving Plantation, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Plantation
Featured Mortgage Lenders
Michael Fazio
Mortgage Depot
Mortgage Depot is a highly-rated local mortgage broker with deep roots in Plantation, serving South Florida since 1999. They consistently receive exceptional reviews for their personalized service, competitive rates, and expertise with Florida-specific mortgage needs. Specializing in all loan types including FHA, VA, and conventional loans, they're particularly noted for their hands-on approach and ability to close loans quickly. Their Plantation location and extensive local market knowledge make them a top choice for Broward County homebuyers.
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David Brown
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has a strong presence in Plantation with a local branch that serves the entire Broward County area. With over 25 years in business, they're known for exceptional customer service and competitive loan products. The Plantation team, led by experienced loan officers, specializes in first-time homebuyer programs, VA loans, and creative financing solutions. Their extensive industry experience and commitment to client education have earned them numerous industry awards and outstanding customer reviews.
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John Medina
Supreme Lending
Supreme Lending operates a prominent Plantation branch that serves the greater Fort Lauderdale area with comprehensive mortgage services. Established in 1999, they've built a reputation for transparent communication, competitive rates, and efficient loan processing. Their local team has extensive knowledge of the South Florida real estate market and specializes in helping clients navigate complex financing situations. They're particularly praised for their responsiveness and ability to handle time-sensitive purchases in competitive markets.
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Frequently Asked Questions
Common questions about mortgage lending in Plantation, FL
What are the current average mortgage rates for homebuyers in Plantation, FL?
Mortgage rates in Plantation typically align with national averages but can vary based on lender competition in South Florida's active market. As of recent trends, 30-year fixed rates generally range between 6.5-7.25%, while 15-year fixed rates are approximately 5.75-6.5%. It's advisable to compare rates from both local Broward County lenders and national institutions, as Plantation's competitive real estate market often creates favorable lending conditions.
Are there any first-time homebuyer programs specifically available in Plantation?
Yes, Plantation homebuyers can access several Florida Housing Finance Corporation programs, including the First Time Home Buyer Loan program and Florida Assist. Additionally, Broward County offers down payment assistance programs that Plantation residents qualify for, which can provide up to $15,000 in assistance. These programs are particularly valuable given Plantation's median home prices, which often exceed $500,000.
How does Plantation's flood zone designation affect mortgage requirements?
Given Plantation's location in low-lying South Florida, many properties require flood insurance, which mortgage lenders mandate for homes in Special Flood Hazard Areas. This typically adds $500-$2,000 annually to homeownership costs. Before purchasing, verify the property's flood zone through FEMA maps and factor this mandatory insurance into your budget, as it's non-negotiable for mortgage approval in designated zones.
What unique closing costs should I expect when getting a mortgage in Plantation?
Beyond standard closing costs, Plantation homebuyers should budget for specific Florida expenses including documentary stamp taxes, intangible tax on new mortgages, and potentially higher title insurance rates. Additionally, Broward County recording fees and potential homeowner association transfer fees (common in Plantation's many planned communities) can add 1.5-3% to your total closing costs beyond the down payment.
How competitive is the mortgage pre-approval process in Plantation's housing market?
Extremely competitive. Given Plantation's desirable location and limited housing inventory, sellers often require fully underwritten pre-approvals rather than basic pre-qualifications. Working with lenders familiar with Plantation's market dynamics can provide stronger pre-approval letters, which is crucial when competing against multiple offers. Local lenders often have faster turnaround times, giving you an edge in this competitive suburban Fort Lauderdale market.
Why Choose a Mortgage Lender in Plantation?
Local Market Knowledge
Lenders who understand Plantation'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 Plantation and get competitive rates on your home loan.