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Jim Powell, president of the Boca Raton and Broward County chapter of the Florida. Miami, said condo mortgages to non-investors are not so bad: "If a person is putting cash in the property and.
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The 373 first quarter loans of $1 million or more in the counties totaled .889 billion. Of that, $839.7 million was for construction and $1.05 billion for acquisitions and refinancing of mortgages..
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The conforming loan limit is $484,350 in every Florida county except Monroe County, home to the Florida Keys. There, the conforming loan limit is $529,000, a reflection of generally higher home prices in the island area. Conforming loans are mortgages that meet federal guidelines set for Fannie Mae and Freddie Mac, two government-sponsored.
Qualifying for a Home Loan Conforming Mortgages. The most popular loan type in Florida is the 30-year fixed rate mortgage. This loan allows buyers to lock in a low interest rate on their loans without having to worry about future uncertainty. 15-year fixed rate mortgages allow homeowners to build equity much faster.