Lake Park

Home Loans

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Lake Park Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Lake Park, we work to find the best home loan solution in lake park 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 Lake Park 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 Lake Park, 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.

Lake Park Florida Overview & Statistics

Lake Park Overview

As of 2007, Lake Park's population is 8,893 people. Since 2000, it has had a population growth of 1.97 percent.

The median home cost in Lake Park is $275,000. Home appreciation the last year has been -3.51 percent.

Compared to the rest of the country, Lake Park's cost of living is 0.51% Lower than the U.S. average.

Lake Park public schools spend $5,746 per student. The average school expenditure in the U.S. is $6,058. There are about 16 students per teacher in Lake Park.

The unemployment rate in Lake Park is 3.30 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Lake Park jobs have Increased by 2.61 percent.

Lake Park Climate

Lake Park, FL, gets 58 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 127.

On average, there are 233 sunny days per year in Lake Park, FL. The July high is around 88 degrees. The January low is 60. Our comfort index, which is based on humidity during the hot months, is a 27 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Lake Park Housing

The median home value in Lake Park, FL, is $275,000. Home appreciation is -3.51% over the last year. The median age of Lake Park, FL, real estate is 33 years.

Lake Park, FL Apartments and Rentals

Renters make up 49.51% of the Lake Park, FL, population. 8.42% of houses and apartments in Lake Park, FL, are unoccupied (vacancy rate).

Lake Park Crime

Lake Park, FL, violent crime, on a scale from 1 (low crime) to 10, is 7. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Lake Park, 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.lakeparkflorida.gov

Lake Park Real Estate Agents

Florida First Time Home Buyers Grants

Florida First Time Home Buyer Programs

Florida Home Loan