Home Loan FAQs for SW Florida
Mortgage & Home Loan FAQs for SW Florida 1. Should I wait for interest rates to drop further in 2026 before buying? Answer: This is the most common question I get. While we are seeing rates stabilize compared to previous years, trying to "time the market" is risky. In Southwest Florida , inventory is currently healthy, meaning you have more negotiation power now —sellers are often willing to cover closing costs or buy down your rate. If you wait for a sharp rate drop, buyer competition will likely skyrocket, driving home prices up and erasing your savings. You can always refinance later if rates dip , but you can’t lock in today’s home price tomorrow. 2. Why is it harder to get a condo loan in Florida right now? (The "Milestone Inspection" Rule) Answer: Florida’s new condo safety laws ( Structural Integrity Reserve Studies ) fully took effect in 2025. Lenders now require condo associations to prove they have fully funded reserves for major repai...