Buyer notes
International buyers, luxury second-home owners and investors buy for the beachfront product and rental demand. Transactions are often cash or jumbo, with condo-project approval central to financed deals.
Financing in 33160
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
FHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
DSCR Loans
A DSCR loan is an investment-property mortgage that qualifies you on the property’s rental income divided by its monthly payment (the debt service coverage ratio).
FAQ
What is the 33160 area like?
Sunny Isles Beach is a barrier-island strip of luxury oceanfront condo towers, many built in the 2000s-2010s with full resort amenities. It is a magnet for international buyers and second-home owners seeking turnkey beachfront.
Who buys in 33160?
International buyers, luxury second-home owners and investors buy for the beachfront product and rental demand. Transactions are often cash or jumbo, with condo-project approval central to financed deals.