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Hollywood
FL
Average Sales Price
$489,857
Median Sales Price
$391,999
Population
428,904
Total Listings
7
Demographics
Data provided by Attom Data
Population
Employment
Population
428.9K
428.9K in 2020
Density
3.6K
per square mile
Households
157.7K
37 With Children
Gender
47% / 53%
Men Vs Women
Occupancy
66% / 34%
Owned Vs Rented
Age Median: -- Years
No Data
Education Level
No Data
Educational Environment
Elementary Schools (70)Middle Schools (34)High Schools (20)
Name
Category
Grades
Library
Ratio
10/10
Beachside Montessori Village
2230 Lincoln St, Hollywood, FL 33020
Public
PK - 8
No
15:1 STUDENTS/TEACHERS
10/10
The Pembroke Pines Florida
601 SW 172nd Ave, Pembroke Pines, FL 33029
Public
KG - 5
No
17:1 STUDENTS/TEACHERS
10/10
Somerset Academy
20801 Johnson St, Pembroke Pines, FL 33029
Public
KG - 5
No
20:1 STUDENTS/TEACHERS
10/10
Somerset Academy Elementary (Miramar Campus)
12601 Somerset Blvd, Miramar, FL 33027
Public
KG - 5
No
18:1 STUDENTS/TEACHERS
10/10
Chapel Trail Elementary School
19595 Taft St, Pembroke Pines, FL 33029
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
10/10
Coral Cove Elementary School
5100 SW 148th Ave, Miramar, FL 33027
Public
KG - 5
No
15:1 STUDENTS/TEACHERS
10/10
Embassy Creek Elementary School
10905 SE Lake Blvd, Hollywood, FL 33026
Public
KG - 5
No
17:1 STUDENTS/TEACHERS
9/10
Franklin Academy a
18800 Pines Blvd, Pembroke Pines, FL 33029
Public
KG - 8
No
22:1 STUDENTS/TEACHERS
9/10
City of Pembroke Pines Charter
10801 Pembroke Rd, Pembroke Pines, FL 33025
Public
KG - 5
No
19:1 STUDENTS/TEACHERS
9/10
Hollywood Academy of Arts & Science
1705 Van Buren St, Hollywood, FL 33020
Public
KG - 5
No
17:1 STUDENTS/TEACHERS
9/10
Ben Gamla Charter School
2620 Hollywood Blvd, Hollywood, FL 33020
Public
KG - 8
No
20:1 STUDENTS/TEACHERS
9/10
Charter School of Excellence at Davie
2801 N University Dr, Hollywood, FL 33024
Public
KG - 5
No
46:1 STUDENTS/TEACHERS
9/10
Somerset Academy East Preparatory
2000 S State Road 7, Miramar, FL 33023
Public
KG - 6
No
18:1 STUDENTS/TEACHERS
9/10
Dolphin Bay Elementary School
16450 Miramar Pkwy, Miramar, FL 33027
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
9/10
Sunset Lakes Elementary School
18400 SW 25th St, Miramar, FL 33029
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
9/10
Pembroke Lakes Elementary School
11251 Taft St, Pembroke Pines, FL 33026
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
8/10
Somerset Neighborhood School
9300 Pembroke Rd, Miramar, FL 33025
Public
KG - 5
No
STUDENTS/TEACHERS
8/10
Hollywood Hills Elementary School
3501 Taft St, Hollywood, FL 33021
Public
KG - 5
No
17:1 STUDENTS/TEACHERS
8/10
Silver Lakes Elementary School
2300 SW 173rd Ave, Miramar, FL 33029
Public
KG - 5
No
13:1 STUDENTS/TEACHERS
7/10
Sea Castle Elementary School
9600 Miramar Blvd, Miramar, FL 33025
Public
KG - 5
No
15:1 STUDENTS/TEACHERS
7/10
Palm Cove Elementary School
11601 Washington St, Pembroke Pines, FL 33025
Public
KG - 5
No
18:1 STUDENTS/TEACHERS
6/10
Franklin Academy B
18800 Pines Blvd, Pembroke Pines, FL 33029
Public
KG - 8
No
14:1 STUDENTS/TEACHERS
6/10
Florida Intercultural Academy K-8 West
3367 N University Dr, Hollywood, FL 33024
Public
KG - 8
No
17:1 STUDENTS/TEACHERS
6/10
Silver Shores Elementary School
1701 SW 160th Ave, Miramar, FL 33027
Public
KG - 5
No
14:1 STUDENTS/TEACHERS
6/10
Sunshine Elementary School
7737 Lasalle Blvd, Miramar, FL 33023
Public
PK - 5
No
17:1 STUDENTS/TEACHERS
6/10
Sheridan Hills Elementary School
5001 Thomas St, Hollywood, FL 33021
Public
PK - 5
No
15:1 STUDENTS/TEACHERS
6/10
Miramar Elementary School
6831 SW 26th St, Miramar, FL 33023
Public
PK - 5
No
16:1 STUDENTS/TEACHERS
6/10
Pine Lakes Elementary School
10300 Johnson St, Pembroke Pines, FL 33026
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
6/10
Pembroke Pines Elementary School
6700 SW 9th St, Pembroke Pines, FL 33023
Public
KG - 5
No
14:1 STUDENTS/TEACHERS
6/10
Boulevard Heights Elementary School
7201 Johnson St, Hollywood, FL 33024
Public
PK - 5
No
16:1 STUDENTS/TEACHERS
5/10
Sunshine Elementary Charter School
502 N 28th Ave, Hollywood, FL 33020
Public
KG - 5
No
19:1 STUDENTS/TEACHERS
5/10
Florida Intercultural Academy
1704 Buchanan St, Hollywood, FL 33020
Public
KG - 5
No
15:1 STUDENTS/TEACHERS
5/10
Mary M. Bethune Elementary School
2400 Meade St, Hollywood, FL 33020
Public
PK - 5
No
15:1 STUDENTS/TEACHERS
5/10
Lake Forest Elementary School
3550 SW 48th Ave, Hollywood, FL 33023
Public
PK - 5
No
15:1 STUDENTS/TEACHERS
5/10
Fairway Elementary School
7850 Fairway Blvd, Miramar, FL 33023
Public
PK - 5
No
16:1 STUDENTS/TEACHERS
5/10
Driftwood Elementary School
2700 NW 69th Ave, Hollywood, FL 33024
Public
PK - 5
No
16:1 STUDENTS/TEACHERS
5/10
Sheridan Park Elementary School
2310 NW 70th Ter, Hollywood, FL 33024
Public
PK - 5
No
15:1 STUDENTS/TEACHERS
5/10
Coconut Palm Elementary School
13601 Monarch Lakes Blvd, Miramar, FL 33027
Public
KG - 5
No
15:1 STUDENTS/TEACHERS
5/10
Watkins Elementary School
3520 SW 52nd Ave, Hollywood, FL 33023
Public
KG - 5
No
14:1 STUDENTS/TEACHERS
5/10
Colbert Elementary School
2701 Plunkett St, Hollywood, FL 33020
Public
PK - 5
No
14:1 STUDENTS/TEACHERS
5/10
Pasadena Lakes Elementary School
8801 Pasadena Blvd, Pembroke Pines, FL 33024
Public
KG - 5
No
12:1 STUDENTS/TEACHERS
5/10
Stirling Elementary School
5500 Stirling Rd, Hollywood, FL 33021
Public
KG - 5
No
14:1 STUDENTS/TEACHERS
4/10
Kidz Choice Charter School
9063 Taft St, Pembroke Pines, FL 33024
Public
KG - 5
No
18:1 STUDENTS/TEACHERS
4/10
Annabel C. Perry Elementary School
6850 SW 34th St, Miramar, FL 33023
Public
PK - 6
No
17:1 STUDENTS/TEACHERS
4/10
Hollywood Central Elementary School
1700 Monroe St, Hollywood, FL 33020
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
4/10
West Hollywood Elementary School
6301 Hollywood Blvd, Hollywood, FL 33024
Public
PK - 5
No
17:1 STUDENTS/TEACHERS
4/10
Orange Brook Elementary School
715 S 46th Ave, Hollywood, FL 33021
Public
KG - 5
No
17:1 STUDENTS/TEACHERS
4/10
Oakridge Elementary School
1507 N 28th Ave, Hollywood, FL 33020
Public
KG - 5
No
16:1 STUDENTS/TEACHERS
4/10
Hollywood Park Elementary School
901 NW 69th Way, Hollywood, FL 33024
Public
KG - 5
No
13:1 STUDENTS/TEACHERS
1/10
Whispering Pines School
3609 S Douglas Rd, Hollywood, FL 33025
Public
PK - 12
No
6:1 STUDENTS/TEACHERS
1/10
The Quest Center
6401 Charleston St, Hollywood, FL 33024
Public
PK - 12
No
5:1 STUDENTS/TEACHERS
0/10
Somerset Academy Hollywood
1704 Buchanan St, Hollywood, FL 33020
Public
KG - 5
No
22:1 STUDENTS/TEACHERS
0/10
A World of Knowledge Preschool and Learning Center
750 NW 180th Ter, Pembroke Pines, FL 33029
Private
PK - 1
No
13:1 STUDENTS/TEACHERS
0/10
Beacon Hill School
7600 Davie Road Ext, Hollywood, FL 33024
Private
PK - 8
Yes
3:1 STUDENTS/TEACHERS
0/10
Miami Lakes Montessori Christian Center
659 SW 167th Way, Pembroke Pines, FL 33027
Private
1 - 8
Yes
6:1 STUDENTS/TEACHERS
0/10
Spring Gate School
2751 Van Buren St, Hollywood, FL 33020
Private
1 - 12
Yes
6:1 STUDENTS/TEACHERS
0/10
Lycee Franco - American International School
8900 Stirling Rd, Hollywood, FL 33024
Private
PK - 5
Yes
7:1 STUDENTS/TEACHERS
0/10
Sunset Sudbury School
4200 NW 66th Ave, Hollywood, FL 33024
Private
KG - 7
Yes
5:1 STUDENTS/TEACHERS
0/10
Harvard International Academy
7932 Pines Blvd, Pembroke Pines, FL 33024
Private
2 - 12
Yes
24:1 STUDENTS/TEACHERS
0/10
Marelue Montesorri Academy
2230 Hollywood Blvd, Hollywood, FL 33020
Private
PK - 6
Yes
6:1 STUDENTS/TEACHERS
0/10
Montessori Ivy League
282 S Flamingo Rd, Pembroke Pines, FL 33027
Private
PK - KG
No
5:1 STUDENTS/TEACHERS
0/10
Small Talent Preschool
6926 Stirling Rd, Hollywood, FL 33024
Private
PK - 1
Yes
7:1 STUDENTS/TEACHERS
0/10
Spring Gate Academy
2751 Van Buren St, Hollywood, FL 33020
Private
1 - 12
Yes
7:1 STUDENTS/TEACHERS
0/10
Sunshine State Academy
1308 S Federal Hwy, Hollywood, FL 33020
Private
PK - KG
No
13:1 STUDENTS/TEACHERS
0/10
Phyls Academy
4052 SW 69th Ave, Miramar, FL 33023
Private
PK - KG
No
12:1 STUDENTS/TEACHERS
0/10
Somerset Miramar South K-5
12425 SW 53rd St, Miramar, FL 33027
Public
KG - 5
No
26:1 STUDENTS/TEACHERS
0/10
Ben Gamla Charter School North Campus
2620 Hollywood Blvd, Hollywood, FL 33020
Public
KG - 8
No
STUDENTS/TEACHERS
0/10
Charter School of Excellence Davie 2
2801 N University Dr, Hollywood, FL 33024
Public
KG - 5
No
23:1 STUDENTS/TEACHERS
0/10
Broward Charter School of Science and Technology
1800 N Douglas Rd, Pembroke Pines, FL 33024
Public
KG - 8
No
13:1 STUDENTS/TEACHERS
0/10
Renaissance Charter School at Cooper City
2800 North Palm Ave, Cooper City, FL 33026
Public
KG - 8
No
18:1 STUDENTS/TEACHERS
Name
Category
Grades
Library
Ratio
10/10
Beachside Montessori Village
2230 Lincoln St, Hollywood, FL 33020
Public
PK - 8
No
15:1 STUDENTS/TEACHERS
10/10
City/Pembroke Pines Charter Middle School
18500 Pembroke Rd, Miramar, FL 33029
Public
6 - 8
No
19:1 STUDENTS/TEACHERS
10/10
Somerset Academy Middle (Miramar Campus)
12601 Somerset Blvd, Miramar, FL 33027
Public
6 - 8
No
26:1 STUDENTS/TEACHERS
10/10
Silver Trail Middle School
18300 Sheridan St, Southwest Ranches, FL 33331
Public
6 - 8
No
19:1 STUDENTS/TEACHERS
9/10
Franklin Academy a
18800 Pines Blvd, Pembroke Pines, FL 33029
Public
KG - 8
No
22:1 STUDENTS/TEACHERS
9/10
Somerset Academy Middle School
20803 Johnson St, Pembroke Pines, FL 33029
Public
6 - 8
No
24:1 STUDENTS/TEACHERS
9/10
Ben Gamla Charter School
2620 Hollywood Blvd, Hollywood, FL 33020
Public
KG - 8
No
20:1 STUDENTS/TEACHERS
8/10
Hollywood Academy of Arts and Science Middle School
1705 Van Buren St, Hollywood, FL 33020
Public
6 - 8
No
22:1 STUDENTS/TEACHERS
7/10
Glades Middle School
16700 SW 48th Ct, Miramar, FL 33027
Public
6 - 8
No
20:1 STUDENTS/TEACHERS
6/10
Franklin Academy B
18800 Pines Blvd, Pembroke Pines, FL 33029
Public
KG - 8
No
14:1 STUDENTS/TEACHERS
6/10
Florida Intercultural Academy K-8 West
3367 N University Dr, Hollywood, FL 33024
Public
KG - 8
No
17:1 STUDENTS/TEACHERS
5/10
Somerset Preparatory Charter Middle School
9300 Pembroke Rd, Miramar, FL 33025
Public
6 - 8
No
STUDENTS/TEACHERS
5/10
Apollo Middle School
6800 Arthur St, Hollywood, FL 33024
Public
6 - 8
No
17:1 STUDENTS/TEACHERS
5/10
McNicol Middle School
1602 S 27th Ave, Hollywood, FL 33020
Public
6 - 8
No
17:1 STUDENTS/TEACHERS
5/10
Driftwood Middle School
2751 NW 70th Ter, Hollywood, FL 33024
Public
6 - 8
No
17:1 STUDENTS/TEACHERS
5/10
Attucks Middle School
3500 N 22nd Ave, Hollywood, FL 33020
Public
6 - 8
No
17:1 STUDENTS/TEACHERS
4/10
Paragon Academy of Technology
502 N 28th Ave, Hollywood, FL 33020
Public
6 - 8
No
19:1 STUDENTS/TEACHERS
4/10
New Renaissance Middle School
10701 Miramar Blvd, Miramar, FL 33025
Public
6 - 8
No
22:1 STUDENTS/TEACHERS
3/10
Pines Middle School
200 N Douglas Rd, Pembroke Pines, FL 33024
Public
6 - 8
No
19:1 STUDENTS/TEACHERS
1/10
Whispering Pines School
3609 S Douglas Rd, Hollywood, FL 33025
Public
PK - 12
No
6:1 STUDENTS/TEACHERS
1/10
The Quest Center
6401 Charleston St, Hollywood, FL 33024
Public
PK - 12
No
5:1 STUDENTS/TEACHERS
1/10
International School of Broward
3100 NW 75th Ave, Hollywood, FL 33024
Public
6 - 12
No
16:1 STUDENTS/TEACHERS
0/10
Somerset Academy Hollywood Middle School
1704 Buchanan St, Hollywood, FL 33020
Public
6 - 8
No
17:1 STUDENTS/TEACHERS
0/10
Broward Youth Treatment Center
8301 S Palm Dr, Pembroke Pines, FL 33025
Public
6 - 12
No
STUDENTS/TEACHERS
0/10
Beacon Hill School
7600 Davie Road Ext, Hollywood, FL 33024
Private
PK - 8
Yes
3:1 STUDENTS/TEACHERS
0/10
Miami Lakes Montessori Christian Center
659 SW 167th Way, Pembroke Pines, FL 33027
Private
1 - 8
Yes
6:1 STUDENTS/TEACHERS
0/10
Spring Gate School
2751 Van Buren St, Hollywood, FL 33020
Private
1 - 12
Yes
6:1 STUDENTS/TEACHERS
0/10
Sunset Sudbury School
4200 NW 66th Ave, Hollywood, FL 33024
Private
KG - 7
Yes
5:1 STUDENTS/TEACHERS
0/10
Harvard International Academy
7932 Pines Blvd, Pembroke Pines, FL 33024
Private
2 - 12
Yes
24:1 STUDENTS/TEACHERS
0/10
American High School
7777B Davie Road Ext Ste 201B, Hollywood, FL 33024
Private
6 - 12
No
20:1 STUDENTS/TEACHERS
0/10
Spring Gate Academy
2751 Van Buren St, Hollywood, FL 33020
Private
1 - 12
Yes
7:1 STUDENTS/TEACHERS
0/10
Ben Gamla Charter School North Campus
2620 Hollywood Blvd, Hollywood, FL 33020
Public
KG - 8
No
STUDENTS/TEACHERS
0/10
Broward Charter School of Science and Technology
1800 N Douglas Rd, Pembroke Pines, FL 33024
Public
KG - 8
No
13:1 STUDENTS/TEACHERS
0/10
Renaissance Charter School at Cooper City
2800 North Palm Ave, Cooper City, FL 33026
Public
KG - 8
No
18:1 STUDENTS/TEACHERS
Name
Category
Grades
Library
Ratio
8/10
Sheridan Technical Center
5400 Sheridan St, Hollywood, FL 33021
Public
9 - 12
No
STUDENTS/TEACHERS
8/10
Somerset Arts Conservatory
20807 Johnson St, Pembroke Pines, FL 33029
Public
9 - 12
No
24:1 STUDENTS/TEACHERS
8/10
West Broward High School
500 NW 209th Ave, Pembroke Pines, FL 33029
Public
9 - 12
No
23:1 STUDENTS/TEACHERS
7/10
Somerset Academy Charter High School
20805 Johnson St, Pembroke Pines, FL 33029
Public
9 - 12
No
27:1 STUDENTS/TEACHERS
6/10
Everglades High School
17100 SW 48th Ct, Miramar, FL 33027
Public
9 - 12
No
22:1 STUDENTS/TEACHERS
5/10
Hollywood Hills High School
5400 Stirling Rd, Hollywood, FL 33021
Public
9 - 12
No
22:1 STUDENTS/TEACHERS
4/10
Somerset Academy Charter High School Miramar Campus
9300 Pembroke Rd, Miramar, FL 33025
Public
9 - 12
No
STUDENTS/TEACHERS
4/10
Miramar High School
3601 S Douglas Rd, Hollywood, FL 33025
Public
9 - 12
No
23:1 STUDENTS/TEACHERS
4/10
McArthur High School
6501 Hollywood Blvd, Hollywood, FL 33024
Public
9 - 12
No
23:1 STUDENTS/TEACHERS
3/10
South Broward High School
1901 N Federal Hwy, Hollywood, FL 33020
Public
9 - 12
No
22:1 STUDENTS/TEACHERS
1/10
Whispering Pines School
3609 S Douglas Rd, Hollywood, FL 33025
Public
PK - 12
No
6:1 STUDENTS/TEACHERS
1/10
The Quest Center
6401 Charleston St, Hollywood, FL 33024
Public
PK - 12
No
5:1 STUDENTS/TEACHERS
1/10
International School of Broward
3100 NW 75th Ave, Hollywood, FL 33024
Public
6 - 12
No
16:1 STUDENTS/TEACHERS
0/10
Broward Youth Treatment Center
8301 S Palm Dr, Pembroke Pines, FL 33025
Public
6 - 12
No
STUDENTS/TEACHERS
0/10
Spring Gate School
2751 Van Buren St, Hollywood, FL 33020
Private
1 - 12
Yes
6:1 STUDENTS/TEACHERS
0/10
Nationwide Academy
1777 N 17th Ct, Hollywood, FL 33020
Private
9 - 12
No
311:1 STUDENTS/TEACHERS
0/10
Harvard International Academy
7932 Pines Blvd, Pembroke Pines, FL 33024
Private
2 - 12
Yes
24:1 STUDENTS/TEACHERS
0/10
American High School
7777B Davie Road Ext Ste 201B, Hollywood, FL 33024
Private
6 - 12
No
20:1 STUDENTS/TEACHERS
0/10
Spring Gate Academy
2751 Van Buren St, Hollywood, FL 33020
Private
1 - 12
Yes
7:1 STUDENTS/TEACHERS
0/10
Dolphin Park High School
3206 S University Dr, Miramar, FL 33025
Public
9 - 12
No
73:1 STUDENTS/TEACHERS
Show More
Amenities & Attractions
Restaurants
Home Services
Health & Medical
Local Services
Shopping
Recreation
Arts & Entertainment
Food
Beauty
Nightlife
Event Planning & Services
Automotive
Religious Organizations
Financial Services
Professional Services
Travel
Pets
Local Media
Education
-
TaKitos Mexican Restaurant
1926 Hollywood Blvd, Hollywood, FL 33020
Mexican Phone: 954-921-1946
-
Shamrock’s Sports Bar
1935 Harrison St, Hollywood, FL 33020
Phone: 954-922-2729
-
My Buddy’s Place Pub
830 S Dixie Hwy, Hollywood, FL 33020
Pubs Phone: 954-668-0166
-
Little Caesars
2301 N 60th Ave, Hollywood, FL 33021
Pizza Phone: 954-963-3629
-
Ncb
11100 Taft St, Pembroke Pines, FL 33026
Phone: 954-432-1100
-
Casa Borinquen of Hollywood
6519 Taft St, Hollywood, FL 33024
Puerto Rican Phone: 954-544-2299
-
Teppanyaki Buffet
6795 Taft St, Hollywood, FL 33024
Chinese Phone: 754-703-4567
-
McDonalds
1900 N State Rd 7, Hollywood, FL 33024
Fast Food Phone: 954-981-7288
-
Hollywood Jamaican Cafe
5715 Hollywood Blvd, Hollywood, FL 33021
Cafes Phone: 954-966-1222
-
Checker’s Drive-In Restaurants of N America
6171 Hollywood Blvd, Hollywood, FL 33024
Phone: 954-966-9573
-
Coconutz Fusion Cafe
5715 Hollywood Blvd, Hollywood, FL 33023
Caribbean Phone: 954-404-8036
-
Villa Rose Pizza
1114 N State Rd 7, Hollywood, FL 33021
Pizza Phone: 954-983-7660
-
El Encuentro II
6252 Pembroke Rd, Hollywood, FL 33023
Dominican Phone: 954-989-7805
-
Hellas Imports
515 N 21st Ave, Hollywood, FL 33020
Greek Phone: 954-924-9890
-
Capriccio Il Ristorante
Capriccio Plz, Hollywood, FL 33019
Phone: 954-432-7001
-
Radiuscondo
1830 Polk St, Hollywood, FL 33020
Phone: 954-923-3186
-
Greek Food Specialties
515 N 21st Ave, Hollywood, FL 33020
Greek Phone: 954-924-9890
-
Chili’s Grill & Bar
5363 Sheridan St, Hollywood, FL 33021
Bars Phone: 954-966-8940
Have questions about Hollywood?
Ask me about homes, pricing trends, school options, commute, or the best streets to focus on. I'm happy to share local insights and help you narrow down the right fit.
Featured Listings
For Sale (5)
For Sold (67)
New3 Beds2 Baths1,122 SqFt2447 ARTHUR ST, Hollywood, FL 33020
Listed by Ronald Ryder RICHARD PETERS REALTY LLC
Active
Active3 Beds3 Baths1,472 SqFt1610 NW 93RD AVE #303, Hollywood, FL 33024
Listed by Gustavo Ortiz KELLER WILLIAMS ELITE PARTNERS III REALTY
Active1 Bed1 Bath573 SqFt1710 MCKINLEY ST #16, Hollywood, FL 33020
Listed by Rudy Morales, PA FLORIDA REALTY INVESTMENTS
Active
FAQs
To help you make informed decisions, we've compiled answers to some of the most commonly asked questions.
How much do I need for a down payment on a home?
The amount you need for a down payment depends on the type of loan and your financial situation. While 20% is a common benchmark, many buyers put down less—some conventional loans allow as little as 3%, and FHA loans require just 3.5%.
What's included in my monthly mortgage payment?
Your monthly mortgage payment typically includes principal, interest, property taxes, and homeowners insurance (often abbreviated as PITI). Depending on your loan, it may also include private mortgage insurance (PMI), homeowners association (HOA) fees, or other costs.
What is a 2-1 buydown, and how does it work?
A 2-1 buydown is a type of mortgage financing that temporarily lowers your interest rate for the first two years of the loan. In the first year, your rate is reduced by 2%, and in the second year, it's reduced by 1%. After that, your rate adjusts to the original agreed-upon rate for the remainder of the loan.
Who pays for the 2-1 buydown—the buyer, the seller, or the lender?
The cost of a 2-1 buydown can be paid by the buyer, seller, or lender, depending on the agreement. Often, sellers offer to pay for the buydown as an incentive to attract buyers, especially in a slower market. Buyers can also choose to pay for it themselves if they want lower initial payments.
What are closing costs, and how much should I expect to pay?
Closing costs are fees associated with finalizing your home purchase, including loan origination fees, title insurance, appraisal fees, and more. They typically range from 2% to 5% of the home's purchase price. Some costs may be negotiable, and in certain cases, sellers may agree to cover part of them.
How does my credit score affect my mortgage rate?
Your credit score plays a significant role in determining your mortgage rate. A higher score typically qualifies you for lower interest rates, which can save you thousands of dollars over the life of your loan. If your score is lower, you may still qualify for a loan, but at a higher rate.
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