Some metropolitan areas are known for their nightlife, culture and food scene. Others are known for being home to the beautiful people, gorgeous beaches and amazing weather. One such city located on the Atlantic coast in southeastern Florida is Miami, and it has it all. Since its official incorporate on July 28, 1896, Miami has grown to have a robust population exceeding 413,000. Unfortunately, Miami has gotten a bad rap because of the city being one of the hot-beds of activity central to the recent mortgage meltdown. However, the tables have now turned as luxury properties at affordable prices abound and Mortgage Marvel can help potential Miami, FL borrowers locate the mortgage rates to tap into the best buyer's market in decades.
Currently, qualified consumers with excellent credit histories and credit scores can lock into the best mortgage rates in recorded history. What goes up must go down, and the trend will certainly reverse once again in the Miami, FL housing market. There are plenty of signs indicating that within a year or two the economy will be back on track and housing values will stabilize and start to increase. That is why those who can manage their finances and save a down payment amount are encouraged to do it now in order to get the best values. According to statistics provided by CityData.com, the average price of a Miami home has dropped by over 50 percent since market peak prices of approximately $325,000 were reached circa 2007 Q3. At the conclusion of 2010 Q3, home values have declined significantly to a median price of around $152,000. While the circumstances may have negatively impacted the housing market as a whole, the area is filled with opportunities for reinvention.
Miami is a dream city for many Americans as the tropical climate produces amazing flora and fauna, the city is lined with white sand beaches and crystal clear water. Plus Miami is a cultural Mecca for diversity and expression. If you have ever longed to live and flourish in Miami, the time to make your move is now and Mortgage Marvel will provide you with the accurate mortgage rates you need to aid in the task.
As seen on 
,
Browse the results below or complete the form at the right to receive free personalized quotes from hundreds of lenders in just seconds
| Loan Purpose: | Purchase | Discount Points: | 0.00% |
| Purchase Price: | $250,000.00 | Property Type: | Single Family |
| Loan Amount: | $187,500.00 | Property Use: | Primary Residence |
| Credit Score: | 740 | Lender Location: | No Preference |
| Payment Type: | Principal and Interest | First Time Buyer: | No |
| Lender |
Interest Rate |
APR |
Discount Points |
Closing Costs |
Monthly Payment |
# of Monthly Payments |
Company Information |
|
MidCountry Bank Conforming 30 Year Fixed Rate 30 day lock |
3.500% | 3.628% | 0.000% | $6,493 | $842 | 360 |
522 Market Street Metropolis, IL 62960 855-327-7596 |
|
|||||||
| MidCountry Bank is a federally-chartered community bank, providing financial services to customers for their personal, business and professional banking needs. MidCountry Bank is your home loan expert and recently received the ABA Community Bank Award for Helping Achieve Homeownership. (...) |
| Lender |
Interest Rate |
APR |
Discount Points |
Closing Costs |
Monthly Payment |
# of Monthly Payments |
Company Information |
|
OneUnited Bank 30 Year Fixed Rate 30 day lock |
3.625% | 3.726% | 0.000% | $6,387 | $855 | 360 |
3275 NW 79th Street Miami, FL 33147 877-663-8648 |
|
|
|||||||
| With OneUnited Bank, you can obtain great rates, while supporting urban communities. Our mission is to be the premier banking institution for urban communities across America by: Offering affordable financial services for all Treating all customers with respect, dignity and personal attention to their banking needs regardless of their account balances Employing and training high quality employees who are committed to our mission Maintaining superior financial performance. This clarity of vision and mission is reflected in everything we do. As the first Black internet bank and first interstate Black bank in the country, located in California, Florida and Massachusetts, we are uniting urban communiti (...) |
| Lender |
Interest Rate |
APR |
Discount Points |
Closing Costs |
Monthly Payment |
# of Monthly Payments |
Company Information |
|
BBVA Compass Conforming 30 Year Fixed Rate 30 day lock |
3.625% | 3.767% | 0.000% | $7,205 | $855 | 360 |
401 Mariner Boulevard Spring Hill, FL 34609 1-888-8-LENDING (888-853-6346) |
|
|
|||||||
| ABOUT BBVA COMPASS BBVA Compass is a Sunbelt-based financial institution that operates more than 716 branches including 380 in Texas, 92 in Alabama, 66 in California, 77 in Arizona, 45 in Florida, 36 in Colorado and 20 in New Mexico. BBVA Compass is the 15th largest U.S. commercial bank based on deposit market share and ranks among the largest banks in Alabama (3rd), Texas (4th), and Arizona (5th). For the second consecutive year, BBVA Compass was named as a “Lender of the Year” by the Small Business Administration (SBA). Additional information concerning BBVA Compass can be found on our website www.bbvacompass.com. BBVA Compass is a subsidiary of Compass Bancshares, Inc., a wholly owned subsidiary of BBVA (NYS (...) |
| Lender |
Interest Rate |
APR |
Discount Points |
Closing Costs |
Monthly Payment |
# of Monthly Payments |
Company Information |
|
TD Bank 30 Year Fixed Rate 30 day lock |
3.800% | 3.849% | 0.000% | $7,516 | $874 | 360 |
339 Main Street Cedarville, NJ 08311 800-822-6761 |
|
|
|||||||
| About TD Bank, America's Most Convenient Bank®TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing customers with a full range of financial products and services at more than 1,250 convenient locations from Maine to Florida. On September 30, 2010, The South Financial Group, Inc. was acquired by TD Bank Group, and its subsidiary Carolina First Bank merged with TD Bank. Carolina First Bank will continue to operate under the trade names Carolina First Bank in North and South Carolina and Mercantile Bank in Florida until conversion and rebranding in 2011. TD Bank is headquartered in Cherry Hill, N.J., and Portland, Maine. Carolina First Bank and Mercantile Bank are t (...) |
| Lender |
Interest Rate |
APR |
Discount Points |
Closing Costs |
Monthly Payment |
# of Monthly Payments |
Company Information |
|
Nationwide Advantage Mortgage 30 Year Fixed Rate 30 day lock |
3.875% | 3.938% | 0.000% | $5,493 | $882 | 360 |
One Nationwide Plaza Columbus, OH 43218 800-811-5385 |
|
|
|||||||
| Nationwide Advantage Mortgage Company is a subsidiary of Nationwide® Insurance, one of America's leading insurers, providing residential mortgages throughout the country. Based in Des Moines, Iowa, we are a full-service mortgage lender originating and servicing loans through a variety of distribution channels. Nationwide Advantage Mortgage Company offers consumers the same high level of service, convenience and quality in an innovative mortgage product that customers of Nationwide® have come to expect. In our view, obtaining a mortgage does not need to be difficult. That's why we have a streamlined application, and can provide your loan decision for free! We truly want to be the mortgage lender who is On Yo (...) |
The interest rates, annual percentage rates (APRs), discount points and costs shown are valid as of 5/23/2012 10:05:08 PM Central Time and are subject to change without notice. Your APR will vary based on your final loan amount and finance charges.
The rates, closing fees and payments displayed above assume a down payment of $62,500.00. Monthly payment amounts do not include taxes and insurance. If an escrow account for taxes or insurance is required or requested, the actual monthly payment amount will be greater.
