Miami

Home Mortgage

The Current Lender Offering The Lowest Interest Rates On Miami Home Mortgages.

Searching for a Miami home mortgage? Concerned about the lending climate in this period of real estate and subprime chaos? If so, we can help. While getting approved for a Miami home mortgage is not as easy as it was two years ago, it is not as difficult as all the doom and gloom stories in the media portray it to be.

Best Lender For Miami Home Mortgages

When looking for a Miami home mortgage lender, it is important to find a lender that not only offers the lowest rates, but also has not significantly tightened lending standards to the degree that only a very small percentage of applicants will qualify. Holding first place on our list of Miami home mortgage lenders right now is ING DIRECT Miami Home 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 for Miami home mortgages. Besides offering the lowest rates and highest ratio of approved loans, in most instances they will approve your online application in under 3 minutes. No other lender offering Miami home mortgages will approve applications in such a rapid manner.

Miami, FL Statistics & Related Info

Miami Information

Miami is a global city in southeastern Florida, in the United States. Miami is the county seat of Miami-Dade County, the most populous county in Florida. With a population of more than 409,719, Miami is the largest city within the Miami metropolitan area, which is the seventh-largest metro area in the United States with over 5.4 million residents. The Miami Urbanized Area (as defined by the Census Bureau) was the fifth most populous urbanized area in the U.S. in the 2000 census with a population of 4,919,036. The United Nations estimated that in 2007, Miami had become the fourth largest urbanized area in the country, behind New York City, Los Angeles, and Chicago.

This popularity of Miami was one of the contributing factors to driving up the price of Miami real estate in the past decade. While prices have fallen some, homes in Miami are still quite pricey. The Housing Bill passed by Congress and signed into law by the President in the summer of 2008 granted the authority to Fannie Mae and Freddie Mac to buy pricier mortgages, up to $625,000, which would make stable Miami home mortgages readily available to buyers in a more expensive market like the suburbs of Miami.

As of 2008, Miami is undergoing a large building boom with 24 skyscrapers that are expected to rise over 400 feet currently under construction in the city. Miami’s skyline ranks third in the U.S., behind New York City and Chicago, and 18th in the world according to the Almanac of Architecture and Design. The city currently has nine of the ten tallest skyscrapers in the state of Florida, with the tallest being the 789-foot Four Seasons Hotel & Tower. Of course these factors along with many others contribute to the popularity of Miami real estate, which in turn, creates a very large demand for Miami home mortgages.

Miami is ranked as a global city for its importance in finance, commerce, media, entertainment, arts and international trade. The city is home to many company headquarters, banks, and television studios. It is an international center for popular entertainment in television, music, fashion, film, and the performing arts. The city's Port of Miami is known for accommodating the largest volume of cruise ships in the world and is home to many cruise line headquarters. Miami is also home to the largest concentration of international banks in the United States. This economic vibrancy translates into a high degree of availability of funds for Miami home mortgages.