Key Biscayne

Home Loans

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Key Biscayne Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Key Biscayne, we work to find the best home loan solution in key biscayne for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Key Biscayne Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Key Biscayne, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is your local credit union. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications.

Key Biscayne Florida Overview & Statistics

Key Biscayne Overview

As of 2007, Key Biscayne's population is 10,033 people. Since 2000, it has had a population growth of -4.51 percent.

The median home cost in Key Biscayne is $1,990,000. Home appreciation the last year has been -9.34 percent.

Compared to the rest of the country, Key Biscayne's cost of living is 190.35% Higher than the U.S. average.

Key Biscayne public schools spend $5,980 per student. The average school expenditure in the U.S. is $6,058. There are about 17 students per teacher in Key Biscayne.

The unemployment rate in Key Biscayne is 3.20 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Key Biscayne jobs have Increased by 2.92 percent.

Key Biscayne Climate

Key Biscayne, FL, gets 57 inches of rain per year. The US average is 37. Snowfall is 0 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 116.

On average, there are 248 sunny days per year in Key Biscayne, FL. The July high is around 88 degrees. The January low is 61. Our comfort index, which is based on humidity during the hot months, is a 30 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Key Biscayne Housing

The median home value in Key Biscayne, FL, is $1,990,000. Home appreciation is -9.34% over the last year. The median age of Key Biscayne, FL, real estate is 30 years.

Key Biscayne, FL Apartments and Rentals

Renters make up 19.58% of the Key Biscayne, FL, population. 34.12% of houses and apartments in Key Biscayne, FL, are unoccupied (vacancy rate).

Key Biscayne Crime

Key Biscayne, FL, violent crime, on a scale from 1 (low crime) to 10, is 2. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Key Biscayne, FL, property crime, on a scale from 1 (low) to 10, is 3. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

www.keybiscayne.fl.gov

Key Biscayne Real Estate Agents

Florida First Time Home Buyers Grants

Florida First Time Home Buyer Programs

Florida Home Loan