Few communities in America can boast the kind of rankings and awards that Weston, FL can. This Miami metropolitan area city has been ranked highly in publications like BusinessWeek and Money for its job growth and earnings potential, as well as its overall affordability.
In multiple years, Money magazine has declared it the best place to live in Florida. It has also been called one of the Ten Best Towns for Families by Family Circle Magazine in 2015. And just last year, NeighborhoodScout ranked it as the 8th Safest City in the US.
What should you know about shopping for a home in this neighborhood? Read on to find out some of what you can expect as you are looking for a mortgage and planning your future in one of Florida’s most beautiful suburbs.
1. You may be able to purchase a home with a conventional or jumbo mortgage.
As of the time of this writing, Zillow lists a home value index of $446,700 for Weston, FL. $438,300 is the median price for homes which have sold, while the median listing price is $515,000. Homes cost less per square foot on average in Weston than they do for the metropolitan area as a whole.
Weston is located in Broward County, for which the conforming loan limit is currently $484,350 for a single unit. As that is just slightly higher than the median price for homes selling in Weston, that means that there is a good chance you can purchase a home with a conventional loan in Weston in 2019. But it also indicates that in some cases, a Weston jumbo loan may be needed.
2. Now is an excellent time to purchase.
Something else encouraging to know about shopping for a home in Weston is that this is currently a buyers’ market. Home values in Weston have risen significantly since 2010, but they have fallen a bit since June 2018. This means that there are some great deals available on the market today which are worth grabbing while they are available.
3. You may find amazing career opportunities in and around Weston.
As mentioned previously, both job growth and income levels in Weston can be impressive. Even in the recession days of 2010, the median family income was reported by Money magazine to be $119,689. This placed it in the top 20 for “Biggest Earners” among American cities. Median incomes have actually dropped a bit since then, but still hold strong.
So if you are looking to build a career with a solid financial future, you may be in just the right place. Finding that kind of opportunity paired up with such affordable homes is a rare boon.
4. Working with a Weston mortgage broker can help you find the most competitive financing.
If you are searching for the most affordable and flexible mortgage on a beautiful Weston home, you will have the widest selection if you go through a broker rather than a direct lender. A broker can connect you with mortgage products from many lenders throughout the area.
Apply for a Mortgage in Weston, FL Today
As your Weston mortgage broker, Premier Lending Corp can help you to apply for conventional, jumbo, FHA, VA and other loan types. Ready to find a competitive mortgage and move into a Weston home? Please call us today at (954) 840-8811 to schedule your consultation.