PROGRAMS

BENIFITS

        FHA

• 3.5% Down up to 417,000. Check Florida FHA loan limits
• 580+ FICO approvals
• Seller paid closing cost up to 6%.
• No credit score FHA loan approvals.
• 97.75% rate and term FHA refinance.
• 85% LTV for FHA cash out refinance.
• Low 15 & 30 year loan terms.
• FHA loans for manufactured, modular homes OK!
• 100% financing available Florida down payment assistance programs.
• FHA Streamline refinance requires less documentation and no appraisal.

  CONVENTIONAL

• Faster underwriting.
• Automated underwriting provides instant approvals.
• Investor loans up to 90% loan to value.
• Condo home loans up to 96.5%.
• LTV's up to 95% on purchase and refinance for owner occupied homes.

           VA

• Up to 100% financing.
• Seller can pay 4% of your closing cost.
• No monthly mortgage insurance.
• Easy qualifying.
• Low 15 and 30 year fixed interest rates.
• Must be VA eligible.
• Owner occupied homes only
• Can only have 1 VA loan active at a time
• Little longer processing than conventional loan programs

       USDA

• 100% financing in rural areas.
• Higher debt to income ratio allowances.
• Easy credit qualifying.
• Seller paid closing cost.
• Low 30 year fixed interest rates
• No PMI-mortgage insurance
• Property must be a Florida USDA approved area.
• Income restrictions apply based on size of family

  HARD MONEY

• New federal law requires borrowers to document the ability to repay.
• No reserve requirements
• No minimum credit score required
• Up to 65% to the purchase price or appraised value.
• Fast closings.

JUMBO LOANS

• Loans above the 417,000 up to 5 mil.
• Foreign National Okay.
• Stated Income Allowed.
• Rates are higher than conforming rates.

FIRST TIME HOMEBUYERS

• Govt. FHA, VA, USDA loans available.
• Florida down payment assistance programs OK!
• 96.5-100% financing
• No reserve requirements
• Gifts allowed

FOREIGN NATIONAL LOANS

• 70% Loan to Value
• Loans up to $5M
• Interest rate are higher than conventional Financing

MANUFACTURED AND MODULAR HOME LOANS

• Singlewide & Doublewide FHA home loans with land only.
• 96.5% Purchase.
• 85% cash out refinance.

SELF EMPLOYED HOME LOANS

• Full documented options
• 30 year fixed rates, Arms,
• FHA, VA, USDA, Conventional OK!
• Self employed borrowers must use adjusted gross income averaged over the past 2 years please year to date profit loss.

CONDO LOANS

• Up to 70-90% conventional condo loans.
• 96.5% loan to value for FHA approved condos.

REVERSE MORTGAGES

• Get lump sum upfront  or payments over time.
• No Income or credit score requirements.