Palatka

Home Loans

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Palatka Home Loans.

Whether you are a first time home buyer or trading up to a larger home in Palatka, we work to find the best home loan solution in palatka 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 Palatka 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 Palatka, 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.

Palatka Florida Overview & Statistics

Palatka Overview

As of 2007, Palatka's population is 11,005 people. Since 2000, it has had a population growth of 9.69 percent.

The median home cost in Palatka is $185,000. Home appreciation the last year has been -4.10 percent.

Compared to the rest of the country, Palatka's cost of living is 17.57% Lower than the U.S. average.

Palatka public schools spend $5,116 per student. The average school expenditure in the U.S. is $6,058. There are about 18 students per teacher in Palatka.

The unemployment rate in Palatka is 3.70 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Palatka jobs have Increased by 0.46 percent.

Palatka Climate

Palatka, FL, gets 52 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 107.

On average, there are 223 sunny days per year in Palatka, FL. The July high is around 92 degrees. The January low is 45. Our comfort index, which is based on humidity during the hot months, is a 25 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Palatka Housing

The median home value in Palatka, FL, is $185,000. Home appreciation is -4.10% over the last year. The median age of Palatka, FL, real estate is 34 years.

Palatka, FL Apartments and Rentals

Renters make up 43.91% of the Palatka, FL, population. 10.06% of houses and apartments in Palatka, FL, are unoccupied (vacancy rate).

Palatka Crime

Palatka, 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.

Palatka, FL, property crime, on a scale from 1 (low) to 10, is 7. 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.cityofpalatka.com

Palatka Real Estate Agents

Florida First Time Home Buyers Grants

Florida First Time Home Buyer Programs

Florida Home Loan