The next step is hunting down the best mortgage for that West Palm Beach 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 West Palm Beach lenders that will compete to provide a loan at the lowest rate, matching you with nearly 27 West Palm Beach 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 West Palm Beach mortgage payment was $1,324 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 West Palm Beach home.

West Palm Beach is a major city in Florida with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: United California Systems, First Fidelity Finan Services.Pinnacle Financial Corporation.American Equity Mortgage Inc.Ocwen Loan Servicing llc.M- I Financial Corp.K Hovnanian American Mortgage llc.Jpmorgan Chase Bank Na.Family First Mortgage Corp.Countrywide Home Loans Inc.

West Palm Beach Mortgage & Real Estate Market

In 2006 West Palm Beach housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in West Palm Beach was $226,600. This number is big in comparison to the median home value back in 2000 of $98,000. West Palm Beach has a solid home ownership base with 48,935 houses and apartments and 44% of those are occupied by their owners. Despite the current market, historically West Palm Beach has been a city where people move, buy and stay - with 61% of homeowners currently paying off a mortgage. About 13% of the city's current homeowners are carrying a second mortgage or home equity loan.

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Housing	West Palm Beach, FL	United States
Home Appreciation	25.00%	9.80%
Homes Owned	43.96%	64.07%
Median Home Cost	$430,400	$217,200
Homes Rented	41.58%	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
Homes With No Mortgage	26%
Second Mortgage Only	6%
Home Equity Loan Only	7%
2nd Mortgage or Home Equity	13%
First Mortgage Only	61%

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
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

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