Just 50 miles east of Miami, you will find the Bahamian islands of Bimini. This proximity to Florida, makes Bimini a very popular destination for those Floridians looking for a second home or vacation property. The slow pace of life, great beaches and great fishing, Bimini is a dream for those wanting to get away from it all.
Mortgage Options in Bimini
We have a couple different mortgage options in Bimini, our jumbo mortgage and our non prime bank mortgage. Our loans are always looked at on a case by case basis, marketability of the property and strength of the client will be key. Occasionally we will have private investors who will lend in Bimini but this is not always the case.
Our lenders will be looking at properties that are more in the ‘tourist’ or vacation property market. Mid and high end properties are ideal fits for us when purchasing a property in Bimini.
Property Types We Can Finance in Bimini
As mentioned, our lenders are looking for mid to high end properties in the vacation market. We can finance condos, villas, land (in some cases), commercial properties and developments. Again, it’s always on a case by case basis and the lenders appetite at any given time, but generally speaking, Bimini is considered a desirable location for our lenders (as well as our clients).
If you are looking to make Bimini your home away from home, talk to us today about all of our financing options. A mortgage in Bimini is just a click away!
