How do you calculate debt-to-income ratio when buying a home in Brevard County?

Add up all your monthly debt payments, then divide by your gross monthly income, which is your pay before taxes and other deductions. The CFPB says lenders use that percentage to gauge your ability …

What is the difference between prequalification and preapproval for a Space Coast home purchase?

Lenders do not use the two terms consistently. The CFPB says prequalification often relies on information you report yourself, while preapproval is more likely to be based on verified information. Neither one is …

When can you drop PMI on a Space Coast home loan?

For most conventional loans on a Brevard County, Florida home, you can ask your servicer to cancel private mortgage insurance when your balance is scheduled to reach 80% of the home's original value. It generally ends …

How does the home sale tax exclusion work for Space Coast sellers?

In Brevard County, Florida, a homeowner who sells a primary residence can generally exclude up to $250,000 of gain from income ($500,000 on a joint return) if they owned and lived in the home for …

Palm Bay is the largest city in Brevard County, and it is where many first-time buyers on the Space Coast start their search. So how much do you actually need to buy a home here? The honest answer is more than just a down payment. This guide walks through …

How long do you have to register a car after moving to Brevard County, Florida?

Florida gives new residents 10 days after establishing residency to title and register an out-of-state vehicle. You will need proof of identity, proof of Florida insurance, your original out-of-state title, and a …

Palm Bay is Brevard County's largest city by land area, and that space shows up in its parks, preserves, and open water. If you are thinking about a move here, or you already live nearby and want a fresh weekend plan, this local guide covers the places worth knowing.

Palm Bay buyers who expect to negotiate off the list price are watching the wrong number. The median home closed at 100.0% of its final list price in September, yet 59% of sales came with seller concessions, at a median of $10,000.

That's where the room is in …

What is a prescribed burn, and does it affect homes near Brevard County preserves?

A prescribed burn is a planned, permitted fire used to reduce fuel and maintain natural areas. Buyers near Space Coast conservation land may notice temporary smoke or ash on burn days.

Many …

What is Phoenix Business Park in Palm Bay, Florida?

Phoenix Business Park is a planned industrial and commercial park in Palm Bay, Florida that just received a $3.5 million Florida Job Growth Grant Fund award for wastewater infrastructure. The project is expected to unlock roughly 960,000 square feet …