Benzinga has researched the top mortgage lenders to show you the best mortgage lenders in Orlando, Florida for buying a home or refinancing.
Best Mortgage Lenders in Orlando Florida
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Orlando is called “The City Beautiful” and is the 4th largest city in Florida and the largest inland city in the state. Located in central Florida, it is also the center of the 3rd largest metropolitan in the state and the 23rd largest in the United States. Orlando has a population of 370,573 residents. It is a top tourist city with attractions like Walt Disney World, Universal Studios Florida, and Seaworld. The tourist destinations also help to make the Orlando International Airport one of the busiest airports in the country. In addition, the largest university campus (by enrollment) in the U.S. is located here at the University of Central Florida. Popular companies headquartered in Orlando include AAA, Darden Restaurants, and Wyndham Destinations.
Orlando, Florida Real Estate Market
The median home value in Orlando is $256,723. There has been an increase in the average annual appreciation rate over the last 10 years of 8.94%. Renters make up the majority of the real estate market in Orlando. The average rental rate is $1,846 per month. Residences here are a combination of apartments and single-family homes with 1-3 bedrooms built between 1970-1999. Orlando is home to many young, single people with college degrees. The top jobs are in accommodation, retail, and healthcare.
Popular Neighborhoods in Orlando
Lake Cain Hills
Current Mortgage Rates in Florida
Mortgage rates fluctuate, much like stocks on the stock market do. Mortgage-backed securities are traded like stocks. The current state of the economy drives the housing market.
You may want to watch mortgage rates to know when to commit to a mortgage rate. Benzinga monitors mortgage rate fluctuations and updates current mortgage rate charts.
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