Clear2 Mortgage is licensed in Florida and serves Miami buyers remotely with the same speed and program access we deliver in Michigan. One call connects you to 50+ wholesale lenders competing for your loan.
Miami is one of the most complex mortgage markets in the country. The median SFH sits near $660,000, international buyers make up a significant share of transactions, and insurance costs — homeowners, flood, and windstorm — can add thousands to your annual carrying costs. Lenders who don't understand the market miss details that cost buyers at closing.
Clear2 Mortgage is licensed in Florida and serves Miami buyers remotely with the same responsiveness we deliver locally in Michigan. As an independent broker, we shop 50+ wholesale lenders to find rates and programs that retail banks can't access. We close in 30 days or less.
Miami-Dade's FHA limit of $667,000 means FHA is a viable option even at the median price point. The SFH market is holding steady while condos have shifted to buyer territory, with some neighborhoods showing 14+ months of supply. Understanding which program fits your situation, and which neighborhoods are moving, matters here.
Florida insurance is not optional, and in Miami-Dade the costs are significant. Homeowners insurance typically runs $3,600 to $6,000 per year in the area. Properties in Special Flood Hazard Areas require separate flood insurance, which ranges from $938 to $20,000 or more depending on zone and elevation. Coastal properties often require a standalone windstorm policy, typically $2,000 to $8,000 per year. All of these factor into your debt-to-income ratio at pre-approval. We build them into your numbers from day one so there are no surprises at the closing table.
Florida's homestead exemption reduces your home's assessed value by up to $50,000, lowering your annual property tax bill. That benefit kicks in after your first full year of ownership, so first-year taxes will be higher than what you see on an online estimate. We walk buyers through what to budget for so the numbers match reality.
With access to 50+ wholesale lenders, Clear2 offers every program available in Florida, including programs most Miami buyers don't know they qualify for.
Down payments as low as 3%. No PMI at 20% down. The primary fit for Miami SFH buyers near the $660,000 median with solid credit and documented income.
For purchases above the $832,750 conforming limit. Many Miami transactions in Brickell, Coconut Grove, and Coral Gables exceed this threshold. Competitive rates through our wholesale network.
Miami-Dade's FHA limit is $667,000, making FHA viable even at the area's median price. 3.5% down, flexible credit requirements. FL Assist DPA can layer up to $10,000 in down payment assistance for eligible buyers.
Qualify on rental income, not personal income. No tax returns required. Strong fit for Brickell and Wynwood investor buyers where rental demand remains high and short-term rental income can support the loan.
12 to 24 months of bank statements instead of tax returns. Designed for Miami's large self-employed population and international buyers with complex or foreign-sourced income.
$0 down for eligible veterans and active-duty service members. No PMI. Competitive rates through our VA-approved wholesale lender network. Available to veterans relocating to the Miami area.
Access up to 90% CLTV with a revolving line of credit. Interest-only draw period, flexible repayment. Perfect for renovations, debt consolidation, or big expenses.
Miami is not one market. Each neighborhood has its own price range, buyer profile, and loan program fit. Here's what Clear2's loan officers see across the Miami-Dade market.
Miami's financial district, home to luxury condos and towers popular with young professionals and international buyers. Conventional and jumbo financing dominate. Investors active in short-term rental units; DSCR loans in play.
Arts district turned luxury residential. Boutique condos attract creatives, entrepreneurs, and investors. Strong short-term rental demand makes DSCR financing a natural fit. Prices rising steadily as the neighborhood matures.
Miami's oldest neighborhood, known for tree-lined streets and lower flood risk relative to coastal areas. Popular with affluent professionals and families. Conventional and jumbo loans both active in this range.
Miami's most accessible price point for first-time buyers and multi-family investors. FHA's $667,000 limit provides real buying power here. Strong multi-family demand from investors looking for value in a central location.
The City Beautiful — Mediterranean architecture, top-rated public schools, and one of Miami-Dade's most consistent resale markets. Conventional and jumbo financing. Buyers here typically bring strong credit and larger down payments.
Senior Mortgage Broker
NMLS 2362577 | Company NMLS #1911663
Donavin Essak is a mortgage professional with experience across purchase, refinance, and investment property transactions. He is committed to clear communication and structured loan solutions that help buyers reach the closing table efficiently.
Five-star reviews from Clear2 clients on Google.
"Donavin was straightforward and a breeze to work with. Communication was quick and easy. The whole process was seamless and he was available for guidance or questions. I would not hesitate to use Clear2 Mortgage in the future."
"Alex was absolutely amazing from the beginning. He was patient and thorough with all of our questions. He even followed up after the process was finalized to ensure everything was still good. I would recommend him to everyone!"
"The process was seamless and every question I had as a first-time home buyer was answered. My loan officer gave me his professional opinion based on my specific circumstances to personalize my loan."
What credit score do I need to buy in Miami?
Most conventional loans require a minimum 620, and FHA allows 580 with 3.5% down. Clear2 works with 50+ wholesale lenders and can often find options for buyers outside those standard ranges. Your rate depends on credit score, down payment, and loan type.
How much down payment do I need for a Miami home at $660,000?
With FHA (3.5%), you'd need roughly $23,100 down before closing costs. Conventional starts at 3% ($19,800). Jumbo loans typically require 10 to 20% down. VA is $0 down for eligible veterans. FL Assist DPA can provide up to $10,000 toward the down payment for qualifying first-time buyers.
Can international buyers get a mortgage in Miami?
Yes. International buyers make up a significant share of Miami transactions, and Clear2 has experience structuring loans for buyers with foreign income, non-U.S. credit, or complex income documentation. Bank statement loans are often the right fit for buyers who cannot use standard W-2 or tax return documentation.
How does insurance affect my mortgage costs in Miami?
Significantly. Homeowners insurance in Miami-Dade typically runs $3,600 to $6,000 per year. Properties in flood zones require separate flood insurance ($938 to $20,000 or more). Coastal properties often carry windstorm policies ($2,000 to $8,000). All of these factor into your debt-to-income ratio, so we build them into your pre-approval from the start.
Are there first-time buyer programs available in Miami?
Yes. FHA's $667,000 limit in Miami-Dade makes it viable for most buyers in the area. Florida's FL Assist program provides up to $10,000 in zero-interest down payment assistance for qualifying first-time buyers. Clear2 will review every program you're eligible for at pre-approval.
Does Clear2 Mortgage lend in Florida?
Yes. Clear2 is licensed in Florida and serves Miami buyers fully remotely. Our main office is at 2600 W Big Beaver Rd, Suite 100, Troy, MI 48084. Reach us at (248) 970-0040 or (248) 455-4301 for Donavin Essak directly. We issue pre-approvals the same day and close in 30 days or less.
Can I get a HELOC in Miami?
Yes. Clear2 offers HELOCs up to 90% combined loan-to-value (CLTV) in Florida, including Miami. You can draw on the line as needed during a 10-year draw period and make interest-only payments. It's a strong option for homeowners looking to fund renovations, consolidate high-interest debt, or cover major expenses without refinancing. See our full HELOC program details.
No obligation, no hard credit pull. Just a clear picture of what you qualify for from a licensed Florida team that closes in 30 days or less.
Clear2 Mortgage, LLC. NMLS #1911663. Licensed Mortgage Broker. 2600 W Big Beaver Rd, Suite 100, Troy, MI 48084. Equal Housing Lender. This is not a commitment to lend. All loans subject to credit approval, property appraisal, and underwriting guidelines. Rates and terms subject to change without notice.
Clear2 Mortgage | NMLS #1911663 | Donavin Essak, Senior Mortgage Broker | Individual NMLS 2362577 | Licensed to conduct mortgage business in the state of Florida. This is not a commitment to lend. All loan programs subject to borrower qualification, credit approval, and lender guidelines. Equal Housing Opportunity.
