Pembroke Pines, Florida is a unique and desirable place to live. From a great location to a picturesque climate, this South Florida city is a little slice of paradise, and the real estate market reflects its popularity.
So, here is a closer look at the real estate market in this city, with tips to get a mortgage in Pembroke Pines, Florida.
Pembroke Pines Real Estate
An important metric that reflects the health of Pembroke Pines’ real estate market is the median home price. Currently, the median home price in Pembroke Pines is $271,400, which is particularly strong compared to the national median of $195,300 and the Florida state median of $203,200.
Over the last year, the median home value has risen 10.5%, and is expected to rise 3.0% within the next year.
Pembroke Pines’ Popularity
Pembroke Pines’ amenities and local weather are two key factors drawing people to this South Florida city.
The city is in a perfect location for residents to enjoy diverse experiences that range from ecoadventures, beaches, and everything large coastal cities in Florida can offer.
To the west of Pembroke Pines lies a massive wildlife management area and several preserves that stretch almost to the west coast of Florida.
To the east lies Hollywood, Florida with Miami and Fort Lauderdale to the north and south. These nearby cities allow residents to enjoy economic and cultural opportunities, while also living rather closely to some of the most celebrated beaches in the world.
Add to this a moderate climate and dry winters, easy access to the nearby Everglades, and a great school system, then you can understand why people want to move to Pembroke Pines.
Getting a Mortgage in Pembroke Pines, Florida
Because this city is a desirable place to live, homes in Pembroke Pines are at the upper price range in Florida. Therefore, it’s helpful to know how to get a mortgage for a more expensive home when buying property in Pembroke Pines.
First, get pre-qualified for a mortgage by calling or visiting your mortgage broker. You can be pre-qualified for a home loan in just a few minutes, then immediately begin working with a Realtor as a pre-qualified buyer.
Next, as you look for a new home with a Realtor, work with your mortgage broker to become pre-approved for a mortgage.
After you are pre-approved, the lender will request a few more things, which your mortgage broker will help you accomplish, then you will receive a “clear to close.” The lender will send the paperwork for closing to the title company/closing agent, you’ll close on your home, and move-in.
Marimark Mortgage is a Pembroke Pines mortgage broker, serving the mortgage needs residents throughout all of Florida.
We specialize in conventional home mortgages, FHA, VA, and USDA mortgage options, refinance loans, and reverse mortgages. We’ve worked extensively with cash-out refinancing and help clients to lower their monthly mortgage payments.