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    • Home
    • Loan Options
      • Mortgage Loan Options
      • Conventional Mortgages
      • VA Home Loans
      • FHA Home Loans
      • Jumbo Home Loans
    • Purchase
      • How Much Can I Afford
      • Home Buying Process
      • Down Payment Assistance
      • Temporary Rate Buydown
      • Mortgage Loan Process
    • Refinance
      • Refinancing your home
      • Cashout Refinance
      • Streamline Refinance
    • Mortgage Rates
    • WC Team
      • Zach Wain
      • Sharon Olson
      • Ashley Wain
      • Jonas Helstab
    • Calculators
    • Newsletter
    • Mortgage Blog
    • Reviews
    • Contact Us
    • Apply Now

(480) 336-3737

Wain Capital
  • Home
  • Loan Options
    • Mortgage Loan Options
    • Conventional Mortgages
    • VA Home Loans
    • FHA Home Loans
    • Jumbo Home Loans
  • Purchase
    • How Much Can I Afford
    • Home Buying Process
    • Down Payment Assistance
    • Temporary Rate Buydown
    • Mortgage Loan Process
  • Refinance
    • Refinancing your home
    • Cashout Refinance
    • Streamline Refinance
  • Mortgage Rates
  • WC Team
    • Zach Wain
    • Sharon Olson
    • Ashley Wain
    • Jonas Helstab
  • Calculators
  • Newsletter
  • Mortgage Blog
  • Reviews
  • Contact Us
  • Apply Now

FLORIDA

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REal Estate Market

Florida's Hottest Real Estate Markets

Florida is a popular destination for home buyers, with many vibrant real estate markets throughout the state. Here are some of the hottest real estate markets in Florida:


  1. Miami: Miami is one of the most vibrant and cosmopolitan cities in Florida, with a thriving economy, a diverse population, and a desirable location on the coast. Miami has seen a significant amount of new construction in recent years, with many luxury condos and apartments being built to meet the demand for housing.
  2. Tampa: Tampa is a growing city with a strong job market and a desirable location on the Gulf Coast. The city has seen significant growth in recent years, with many new developments and a thriving downtown area.
  3. Orlando: Orlando is known for its many theme parks and tourist attractions, which have created a strong local economy and driven up demand for housing. The city has seen significant growth in recent years, with many new developments and a vibrant downtown area.
  4. Jacksonville: Jacksonville is the largest city in Florida by land area, with a growing economy and a desirable location near the coast. The city has a diverse population and a relatively low cost of living, which has made it an attractive option for many home buyers.
  5. Sarasota: Sarasota is known for its beautiful beaches, warm climate, and high quality of life. The city has a strong local economy and a thriving cultural scene, with many art galleries, museums, and theaters.


Overall, these markets have been hot due to a combination of factors such as a strong local economy, desirable location, natural beauty, and high quality of life.

some of the best beaches in florida

Siesta Key Beach

Siesta Key Beach

Siesta Key Beach

Located on the Gulf Coast of Florida, Siesta Key Beach is known for its fine white sand, clear waters, and stunning sunsets. It has been named the best beach in the United States by Dr. Beach in the past, and it's easy to see why 

Clearwater Beach

Siesta Key Beach

Siesta Key Beach

This beach is located on the west coast of Florida and is known for its wide sandy beach, crystal-clear water, and family-friendly atmosphere. It's a great place to swim, sunbathe, and enjoy water sports. 

South Beach

Siesta Key Beach

St. Pete Beach

Located in Miami Beach, South Beach is known for its trendy nightlife, Art Deco architecture, and beautiful people. The beach itself is wide and sandy, with warm water and plenty of opportunities for people-watching. 

St. Pete Beach

St. Pete Beach

St. Pete Beach

This beach is located on the Gulf Coast of Florida and is known for its soft white sand, warm waters, and laid-back vibe. It's a great place to relax, go for a swim, or enjoy a sunset.

Sanibel Island

St. Pete Beach

Sanibel Island

This beach is located on the west coast of Florida and is known for its pristine beaches, great shelling, and abundant wildlife. It's a popular spot for nature lovers and those looking for a quieter, more secluded beach experience.

Daytona Beach

St. Pete Beach

Sanibel Island

Located on the east coast of Florida, Daytona Beach is known for its wide sandy beach, warm water, and famous Daytona International Speedway. It's a popular spot for families, beachgoers, and NASCAR fans.

whats different about florida

Florida Mortgages

A few mortgage laws that are different in Florida than other states:


  1. Homestead protections: Florida has strong homestead protections that limit the ability of creditors to foreclose on a primary residence. Florida's constitution      protects a homestead property from forced sale by most creditors, except for unpaid property taxes, mortgages, and home equity loans.
  2. Judicial foreclosure: Unlike Texas, Florida requires a judicial foreclosure process, which means that a lender must go to court to foreclose on a property. This can make the foreclosure process longer and more complicated for both the lender and borrower.
  3. Tenancy by the entirety: Florida recognizes tenancy by the entirety, which is a form of joint ownership between married couples. This means that both spouses own the entire property together and have equal rights to the property. In the event of a foreclosure, the property cannot be sold unless both spouses      agree to it.
  4. No state income tax: Florida does not have a state income tax, which can make it an attractive destination for borrowers looking to save on their tax bill. This can be especially beneficial for borrowers with high incomes who might pay more      in other states.
  5. No deficiency judgments for some mortgages: Florida has a unique law that prohibits deficiency judgments for certain types of mortgages, including purchase money mortgages and mortgages used to refinance a purchase money mortgage. This means that if a borrower defaults on one of these types of mortgages, the lender cannot pursue the borrower for the remaining balance of the loan.

Most Frequetly Asked questions in florida

What is the average interest rate for a mortgage in Florida?

The average interest rate for a mortgage in Florida varies and depends on several factors such as credit score, loan amount, loan term, and market conditions. As of 2021, interest rates can range from 3% to 5% for a 30-year fixed-rate mortgage. In todays market, 2022, rates are higher however they are constantly fluctuating. 

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What is the maximum loan amount I can borrow in Florida?

There is no set maximum loan amount for a mortgage in Florida. The amount you can borrow will depend on your income, debt, and credit history.

What is the required down payment for a mortgage in Florida?

The required down payment for a mortgage in Florida can vary, but a common requirement is a 20% down payment. However, there are low down payment mortgage options available, such as FHA loans, which require as little as 3.5% down.

What is the minimum credit score required for a mortgage in Florida?

The minimum credit score required for a mortgage in Florida can vary, but a credit score of 620 is typically considered the minimum for most lenders.

What are the property tax rates in Florida?

The property tax rate in Florida can vary depending on the county and municipality. On average, property tax rates in Florida are lower compared to other states.

What are the closing costs for a mortgage in Florida?

Closing costs for a mortgage in Florida can vary, but typically range from 2% to 5% of the loan amount with a retail lender such as your local bank. BUT when you work with a mortgage broker like Wain Capital the closing costs are MUCH lower. Some of the expenses included in closing costs are lender fees, title insurance, appraisal fees, and recording fees.

How long does it take to get a mortgage approved in Florida?

The time it takes to get a mortgage approved in Florida can vary, but with Wain Capital we average 10 days or less. The approval process can take longer if there are complications with the application or if additional documentation is required.

What documents do I need to apply for a mortgage in Florida?

The documents required to apply for a mortgage in Florida typically include proof of income, such as pay stubs and tax returns, proof of identity, such as a driver's license or passport, and proof of assets, such as bank statements and retirement accounts.

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What is the difference between a fixed-rate mortgage and an adjustable-rate mortgage in Florida?

A fixed-rate mortgage has a fixed interest rate for the entire loan term, while an adjustable-rate mortgage has an interest rate that can change over time. With a fixed-rate mortgage, the monthly payment remains constant, while with an adjustable-rate mortgage, the monthly payment can change.

How does property insurance impact my mortgage in Florida?

In Florida, homeowners are required to have property insurance to protect their home from damage or destruction. The cost of property insurance is usually rolled into the monthly mortgage payment, and the lender will require proof of insurance before closing on the loan.

What happens if I default on my mortgage in Florida?

If you default on your mortgage in Florida, the lender can start the foreclosure process, which can result in the loss of your home. If you are facing financial difficulties, it's important to communicate with your lender and explore options, such as loan modification or refinancing, to avoid foreclosure.

What is the impact of a bankruptcy on my ability to get a mortgage in Florida?

A bankruptcy can have a significant impact on your ability to get a mortgage in Florida. Most lenders will require a waiting period of at least two years after a bankruptcy before you can apply for a mortgage. Additionally, a bankruptcy can lower your credit score, making it more difficult to qualify for a mortgage and potentially resulting in a higher interest rate. It's important to work on repairing your credit after a bankruptcy and consult with a lender to understand your options for obtaining a mortgage.

Can I get a mortgage if I have a low income in Florida?

Yes, it is possible to get a mortgage with a low income in Florida. There are government-sponsored programs, such as FHA loans and VA loans, that have more lenient income requirements and can help low-income borrowers qualify for a mortgage. Additionally, some lenders offer low-income mortgage programs with more favorable terms and conditions.

Are there any special mortgage programs for first-time homebuyers in Florida?

Yes, there are special mortgage programs for first-time homebuyers in Florida, including the Florida First-Time Homebuyer Program and the USDA Rural Housing Program. These programs offer lower down payment requirements and more favorable terms and conditions to help first-time homebuyers achieve their dream of homeownership. 


Wain Capital, LLC, Arizona - 0951257 & 1825506 Zachary Wain, 207079, Wain Capital LLC, 1825506 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 1825506 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, 207079 or Licensed by the Department of Business Oversight under the California Finance Lenders Law, 207079 NMLS# 1825506 Wain Capital, LLC (480) 336-3737 NMLS# CO-100507291 Zachary Wain (480) 336-3737

1825506 - 207079 Wain Capital LLC, 15848 N 51st Place, Scottsdale, AZ, 85260, 1825506, Residential Mortgage Loan Company Zachary Wain, Residential Mortgage Loan Originator, 207079, Wain Capital LLC, 15848 N 51st Place, Scottsdale, AZ, 85254, Oregon Mortgage Lending License 1825506

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