Key West

Home Loans

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Key West Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Key West, we work to find the best home loan solution in key west 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 West 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 West, 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 West Florida Overview & Statistics

Key West Overview

As of 2007, Key West's population is 23,262 people. Since 2000, it has had a population growth of -8.70 percent.

The median home cost in Key West is $899,000. Home appreciation the last year has been -4.26 percent.

Compared to the rest of the country, Key West's cost of living is 67.97% Higher than the U.S. average.

Key West public schools spend $5,710 per student. The average school expenditure in the U.S. is $6,058. There are about 17 students per teacher in Key West.

The unemployment rate in Key West is 1.90 percent(U.S. avg. is 4.60%). Recent job growth is Negative. Key West jobs have Decreased by 0.05 percent.

Key West Climate

Key West, FL, gets 39 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 101.

On average, there are 260 sunny days per year in Key West, FL. The July high is around 91 degrees. The January low is 65. Our comfort index, which is based on humidity during the hot months, is a 28 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Key West Housing

The median home value in Key West, FL, is $899,000. Home appreciation is -4.26% over the last year. The median age of Key West, FL, real estate is 42 years.

Key West, FL Apartments and Rentals

Renters make up 43.94% of the Key West, FL, population. 17.25% of houses and apartments in Key West, FL, are unoccupied (vacancy rate).

Key West Crime

Key West, FL, violent crime, on a scale from 1 (low crime) to 10, is 6. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Key West, FL, property crime, on a scale from 1 (low) to 10, is 8. 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.keywestcity.com

Key West Real Estate Agents

Florida First Time Home Buyers Grants

Florida First Time Home Buyer Programs

Florida Home Loan