The Best Mortgage Lenders in UCF, FL
Compare verified mortgage lenders serving UCF, Florida. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in UCF
Featured Mortgage Lenders
Fairwinds Credit Union
Fairwinds Credit Union
Fairwinds Credit Union stands out as one of Central Florida's most trusted mortgage lenders, particularly serving the UCF area with their headquarters located just minutes from campus. With over seven decades of service, they offer highly competitive rates and personalized service through local loan officers who understand the unique Orlando housing market. Their strong community presence and exceptional member satisfaction ratings make them a top choice for UCF faculty, staff, students, and area residents seeking mortgage solutions with low closing costs and flexible terms.
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Supreme Lending
Supreme Lending
Supreme Lending's Orlando branch has built an outstanding reputation for exceptional customer service and competitive mortgage products specifically tailored to Central Florida homebuyers. With nearly 500 5-star reviews nationally and strong local presence, their team specializes in guiding first-time homebuyers, UCF affiliates, and investors through the complex Florida real estate market. They're known for their transparent process, quick closings, and extensive loan program options that accommodate various financial situations and property types throughout the UCF corridor.
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New American Funding
New American Funding
New American Funding brings national strength with local expertise through their Orlando branch that actively serves the UCF community. Recognized for their innovative technology and diverse loan programs, they particularly excel in helping buyers with unique financial situations and offer special programs for minority homebuyers. Their local loan officers have deep knowledge of the Orlando market dynamics and provide personalized service with competitive rates. The company's strong customer satisfaction ratings and comprehensive digital mortgage platform make the homebuying process efficient and transparent for UCF area residents.
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Frequently Asked Questions
Common questions about mortgage lending in UCF, FL
What are the current mortgage rates like for homes near UCF, and how do they compare to the rest of Florida?
Mortgage rates in the UCF area are generally competitive with statewide averages, but can be slightly influenced by the high demand in this popular college and research hub. As of late 2023, rates for a 30-year fixed mortgage typically range from the mid-6% to low-7% APR, but it's crucial to get personalized quotes from local lenders who understand the specific dynamics of the Orlando metro housing market.
Are there any special first-time homebuyer programs available specifically for UCF faculty, staff, or students?
Yes, UCF employees may qualify for the Florida Hometown Heroes Housing Program, which offers down payment and closing cost assistance to frontline community workers, including teachers and staff at public schools/universities. Additionally, Orange County offers the HOME Down Payment Assistance Program for eligible first-time buyers, which can be a significant help in the competitive UCF-area market.
How does being in a university town like UCF affect the mortgage process for investment properties or multi-unit homes?
Lenders in the UCF area are very familiar with investment properties, given the strong student rental market. However, they may require higher down payments (typically 20-25%) and have stricter debt-to-income requirements for non-owner-occupied properties. You'll also need to provide documented rental income estimates, which are often easier to substantiate in this high-demand rental market.
What should I know about property taxes and insurance when getting a mortgage in the UCF area?
Orange County property taxes typically range from 1.5-2.0% of the home's assessed value, while Florida's insurance market has seen significant premium increases recently, particularly for wind and flood coverage. Your mortgage lender will help you estimate these costs for your payment calculation, but it's wise to budget extra for insurance, which can be $3,000-$6,000+ annually depending on the home's age and location.
Are there any local down payment assistance programs that work well with the UCF area's housing market?
Orange County offers several programs, including the SHIP (State Housing Initiatives Partnership) Down Payment Assistance program, which provides up to $45,000 in assistance for eligible buyers. The Florida Housing Finance Corporation also offers programs like the Florida First and HFA Preferred loans, which can be particularly beneficial for moderate-income buyers looking in the UCF corridor where home prices have been rising steadily.
Why Choose a Mortgage Lender in UCF?
Local Market Knowledge
Lenders who understand UCF'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 UCF and get competitive rates on your home loan.