The City of Plantation, Florida, currently lists its motto on its website as “The Grass is Greener.” Indeed, this beautiful Ft. Lauderdale suburb earns the distinction of the “greener grass.” Known for its beautiful homes, its peaceful parks, its coffee shops, its beaches, and its diverse, eclectic culture, it has more than a few draws to account for its magnetism.
Home Values in Plantation, FL
As of the time of this writing, the Zillow Home Value Index lists the average property value at $324,200, with a 4.3% increase year over year. According to the one-year forecast, home values are expected to rise an additional 3% over the next year.
The price per square foot is $176 on average, which is considerably lower than the average of $221 for the Miami-Fort Lauderdale-West Palm Beach Metro area.
Plantation is currently considered to be a buyers’ market, so this is the time to take advantage of some of the excellent opportunities which are out there.
Buying a home with a mortgage in Plantation puts you within close reach of everything that this metropolitan area has to offer without the high prices that you would pay downtown.
How Can You Find a Competitive Home Loan in Plantation?
Finding the most suitable mortgage can help you to purchase the Plantation home of your dreams, and also save money now and over the term of your home loan. Here are some tips to help you to do just that:
- Work with a mortgage broker rather than a mortgage lender. A lender can only offer you a limited assortment of loan options. A broker can connect you with a much wider spectrum of loan options from lenders throughout the area.
- Look into government-backed loan programs like FHA, USDA, and VA, but also consider conventional financing. Decide based on your qualifications as well as what you’re looking for in terms of down payment requirements, whether it is necessary to purchase PMI, and other criteria, what type of loan is right for you.
- Do not forget to factor in closing costs and fees when calculating the total cost of purchasing a home.
- Think about the future. Pick a loan which will work for you not only now, but also over the lifetime of your mortgage if possible. If you do think that you might refinance in the future, work with a lender that can become your long-term partner in your journey of homeownership.
If you are excited to make Plantation, FL your home, please contact Premier Lending Corp today. As a top Plantation mortgage broker, we can help you find the affordable, flexible home loan you need to move to the community where the grass truly is always greener.