The next step is hunting down the best mortgage for that Gainesville home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Gainesville lenders that will compete to provide a loan at the lowest rate, matching you with nearly 19 Gainesville mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Gainesville mortgage payment was $955 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Gainesville home.

Gainesville is a major city in Florida with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Countrywide Mortgage Ventures llc, Market Street Mortgage Corporation, First Horizon Home Loan Corporation, Capital City Bank.Florida Citizens Bank.New South Federal Savings Bank.America's Mortgage Broker llc.Charterwest Mortgage llc.Countrywide Home Loans Inc.Bank Of America Na Charlotte.

Gainesville Mortgage & Real Estate Market

In 2006 Gainesville housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Gainesville was $133,100. This number is big in comparison to the median home value back in 2000 of $86,300. Gainesville has a solid home ownership base with 54,040 houses and apartments and 35% of those are occupied by their owners. Despite the current market, historically Gainesville has been a city where people move, buy and stay - with 57% of homeowners currently paying off a mortgage. About 12% of the city's current homeowners are carrying a second mortgage or home equity loan.

First Ohio Home Finance, Inc.
385 County Line Rd W #200 Westerville , OH	Phone: 614-818-1850 Ask for: Coplen Tony
Special Mortgage Programs
First Ohio Home Finance is the oldest mortgage company in Westerville. Since 1996, the focus remains on serving clients with more options and lower costs than local banks. Call for help buying your first home or your dream home! Call Tony at 888-818-1850 or apply online today! We also do refinance, no credit, FHASecure, and 0-down loans everyday!
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Housing	Gainesville, FL	United States
Home Appreciation	19.20%	9.80%
Homes Owned	44.51%	64.07%
Median Home Cost	$176,600	$217,200
Homes Rented	48.44%	21.45%

Location	Population	Median Family Income (2005)
Cape Coral	102,286	$43,410
Clearwater	108,787	$36,494
Coral Springs	117,549	$58,459
Fort Lauderdale	152,397	$37,887
Gainesville	95,447	$28,164
Hialeah	226,419	$29,492

Category	Value
First Mortgage Only	57%
Home Equity Loan Only	5%
Homes With No Mortgage	31%
Second Mortgage Only	7%
2nd Mortgage or Home Equity	12%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
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