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Franklin Square

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Whether you are a first time home buyer or trading up to a larger home, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Franklin Square Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Franklin Square, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is ING DIRECT Orange Mortgage. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications.

Franklin Square New York Overview & Statistics

Franklin Square Overview

As of 2007, Franklin Square's population is 29,535 people. Since 2000, it has had a population growth of 0.66 percent.

The median home cost in Franklin Square is $497,700. Home appreciation the last year has been -2.70 percent.

Compared to the rest of the country, Franklin Square's cost of living is 45.90% Higher than the U.S. average.

Franklin Square public schools spend $9,216 per student. The average school expenditure in the U.S. is $6,058. There are about 15 students per teacher in Franklin Square.

The unemployment rate in Franklin Square is 3.40 percent (U.S. avg. is 4.60%). Recent job growth is Negative. Franklin Square jobs have Decreased by 0.71 percent.

Franklin Square Climate

Franklin Square, NY, gets 47 inches of rain per year. The US average is 37. Snowfall is 28 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 120.

On average, there are 174 sunny days per year in Franklin Square, NY. The July high is around 85 degrees. The January low is 26. Our comfort index, which is based on humidity during the hot months, is a 48 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Franklin Square Housing

The median home value in Franklin Square, NY, is $497,700. Home appreciation is -2.70% over the last year. The median age of Franklin Square, NY, real estate is 52 years.

Franklin Square, NY Apartments and Rentals

Renters make up 18.24% of the Franklin Square, NY, population. 1.71% of houses and apartments in Franklin Square, NY, are unoccupied (vacancy rate).

Franklin Square Crime

Franklin Square, NY, violent crime, on a scale from 1 (low crime) to 10, is 2. Violent crime is composed of four offenses: murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Franklin Square, NY, property crime, on a scale from 1 (low) to 10, is 4. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For additional related resources please see:

Franklin Square, NY

Franklin Square Real Estate Agents

New York First Time Home Buyers Grants

New York First Time Home Buyer Programs

New York Home Loans

 


   
Warning! Depression 2010
 Real Estate continues to lose value. One expert predicted the subprime financial crisis in 2008 and is now calling for a Depression in 2010. Learn how he is helping others protect and greatly increase their wealth in spite of the financial crisis. Read more>>>
   


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