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Home Loans In Pompano Beach

Pompano Beach is a city in Broward County, Florida. It is situated along the Atlantic Ocean’s coast, just north of Fort Lauderdale. It is a major city in the Miami-Fort Lauderdale-West Palm Beach metropolitan area, with a population of over 6 million and 36 miles north of Miami.

Pompano Beach has a Neutral Housing Market, which indicates that prices are generally affordable and homes are on the market for an average amount of time. The typical sale price of a home in Pompano Beach was $333K, a 2.2% decrease from the previous year. Pompano Beach’s median sale price per square foot is $274, a 5.4% decrease from last year.

Home Loan Programs in Pompano Beach

Pompano Beach, Florida, provides access to a variety of mortgage loan options. The following are some:

  • Fixed Rate Mortgages

This mortgage’s interest rate remains constant throughout the loan’s term. As a result, payments are fixed for 15 or 30 years. This is a fantastic option if you want to stay in your house for an extended period and want consistent monthly payments.

The interest rates on these mortgages may change over time. Rates can rise or fall in response to market conditions. If interest rates fall, this could save you money, but you also accept the risk that rates continue to rise.

  • Renovation Loans

This loan is intended to assist borrowers in financing home improvements. It’s a terrific option if you want to buy a house that needs renovation.

  • Conventional Loans

Conventional mortgages in Pompano Beach are home loans that the government does not guarantee. Instead, these loans are guaranteed by private lenders, who can set their terms and criteria. They can be either conforming or non-conforming. Conforming loans meet the conditions specified by Fannie Mae and Freddie Mac, two government-sponsored enterprises that buy home loans from lenders to keep the mortgage market liquid.

These loans are a popular mortgage choice for Pompano Beach property purchasers or homeowners wishing to refinance. One of the benefits of traditional loans is their adaptability, as they may be tailored to specific requirements.

The conforming loan limit in 2023 for Pompano Beach, Broward County, is $726,200 for a single-unit property, $929,850 for a duplex, $1,123,900 for a triplex, and $1,396,800 for a fourplex, respectively.

  • FHA Loans

FHA loans in Pompano Beach are mortgage loans insured by the Federal Housing Administration (FHA). These loans are intended to assist people with low to medium credit scores or who do not have sufficient savings for a large down payment. They are a popular option because they often allow for lower credit ratings and down payments than conventional loans.

The FHA loan limit for Broward County in 2023 is $557,750 for a single-family residence, $714,000 for a duplex, $863,100 for a triplex, and $1,072,800 for a fourplex, respectively.

  • VA Loans

VA loans in Pompano Beach, Florida, are government-backed loans accessible to qualified veterans and active military personnel. They are intended to assist these individuals in obtaining affordable home financing.

One of the most significant advantages of VA loans is that they frequently allow qualified applicants to acquire a house with competitive interest rates and little to no down payment or private mortgage insurance. As a result, VA loans could be a terrific alternative for over 22 million veterans and active military members, making homeownership more accessible to those who have served their nation.

  • USDA Loans

These are mortgages that the United States Department of Agriculture guarantees. They are intended to assist low-to-moderate-income homebuyers in purchasing rural properties.

  • Refinancing Loans

These are used to replace an existing mortgage with a new one, often to obtain a lower interest rate, switch from an adjustable rate to a fixed-rate mortgage, or access home equity.

  • Jumbo Loans

These loans exceed the restrictions established by Fannie Mae and Freddie Mac. They are frequently utilized to purchase expensive properties.

Apply for a Home Loan in Pompano Beach

Capital Home Mortgage is an excellent choice for your home loan in Pompano Beach, Florida, due to our personalized attention and low rates. We make homeownership more feasible by offering flexible terms and competitive rates, making it a vital stage in home-buying. Our enthusiastic and personalized approach assures you’ll receive a home loan tailored to your specific financial situation while finding your ideal home in Pompano Beach, Florida.

Call (754) 529-0071 to speak with one of our Pompano Beach Loan Experts and get started on your home ownership path.

Why Pompano Beach HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

Pompano Beach Florida Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness
Pompano Beach Mortgage Programs

Pompano Beach Home Purchase

Thinking of Buying an Pompano Beach Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Pompano Beach renovation home loans

Looking to Rehab an Pompano Beach Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Pompano Beach FHA Home Loans

Great for 1st Time Pompano Beach Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Pompano Beach VA Home Loans

100% Financing for Pompano Beach Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Pompano Beach Conventional Home Loans

Flexibility for Pompano Beach Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Pompano Beach Jumbo Home Loans

Pompano Beach Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Pompano Beach USDA Home Loans

100% Pompano Beach Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Pompano Beach Native American Home Loans

Pompano Beach HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Pompano Beach Manufactured Home Loans

Great Alternative Pompano Beach Housing

Pompano Beach reverse mortgages

Your Pompano Beach Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Pompano Beach Non QM Home Loans

Making Pompano Beach Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Pompano Beach One Time Close mortgages

Build Your Pompano Beach Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Pompano Beach Refinance Mortgage Loans

Pompano Beach Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Pompano Beach Cash-out Home mortgages

Pompano Beach Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Pompano Beach Florida Mortgage Team

Pompano Beach Mortgage Company Reviews

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