florida

FIXED RATE MORTGAGE LENDER- With fixed rate Florida mortgage loan the interest rate and monthly mortgage payments remain fixed over the life of the loan. Fixed-rate Florida mortgages are available for 40, 30, 25, 20, 15 years and 10 years. Generally, the shorter the term of the mortgage loan, the lower the interest rate.


CONVENTIONAL MORTGAGES - Conventional Florida mortgage lenders provide loans that are either conforming or non-conforming. Conforming Florida mortgages have terms that follow the guidelines of Fannie Mae and Freddie Mac. These two government corporations purchase Florida mortgage loans made by private Florida mortgage lenders that comply with the portfolio guidelines. Once purchased conventional loans are packaged up into Florida mortgage backed securities and then sold to institutional investors. By pooling Florida mortgage loans Fannie Mae and Freddie Mac can provide a continuous flow of affordable Florida mortgage money that results in the availability of more mortgage money for borrowers. 


GOVERNMENT FLORIDA MORTGAGE'S INCLUDE FHA, VA, USDA - Ginnie Mae which is part of HUD guarantees Florida mortgage backed securities that are either insured and guaranteed by FHA, VA, and USDA. Private Florida Mortgage lenders originate these home loans that are then sold to financial institutions that trade government securities. As a Florida mortgage lender we originate government, convneitonal, and private, portfolio Florida home loans to purchase or refinance in every city and county in Florida. 


FHA MORTGAGE PROGRAMS- FHA or the Federal Housing Administration is a division within the U.S. Dept. of Housing and Urban Development in charge of the various Florida FHA mortgage programs. The result of the FHA mortgage insurance makes Florida mortgage lenders more willing to grant FHA  loans with a lower down payment and are easier credit qualifying requirements than conventional mortgage loans. Since FHA insures these loans, Florida mortgage lenders are willing to take on greater risk. With the FHA insurance program Florida mortgage applicants with low credit scores and even no credit scores can qualify for our No Credit Score Florida mortgage. 


VA MORTGAGE LOANS- VA mortgage loans are are issued by private Florida mortgage lenders and guaranteed by U.S. Dept. of Veterans Affairs. The VA mortgage guaranty allows Florida veterans and service persons to obtain VA mortgage loans with 100% financing. In addition, Florida mortgage applicants find it is easier to qualify for a VA mortgage than a conventional loan. VA Florida mortgage lenders generally limit the maximum VA mortgage loan to $417,000. The U.S. Department of Veterans Affairs does not make these loans. The VA mortgage guarantees Florida mortgage loans made by private VA approved mortgage lenders. The VA determines your eligibility and, if you are qualified. The VA will issue you a certificate of eligibility and a DD214 to be used in applying for a Florida VA mortgage.


USDA MORTGAGE LOANS- The Rural Housing Service of the U.S. Dept. of Agriculture guarantees USDA approved Florida mortgage lenders for rural use only. The USDA mortgage provides Florida home buyers and homeowners with minimal closing costs and no down payment for a Florida home purchase. USDA mortgage applicants can even finance the closing cost into the appraised value. 


CONVENTIONAL MORTGAGES- Conventional Florida mortgage lenders provide mortgage loans that are either conforming or non-conforming. Conforming Florida mortgage loans have terms and conditions that follow the guidelines of Fannie Mae and Freddie Mac. These two stockholder-owned corporations purchase home loans made by Florida mortgage lenders that complying with the guidelines from lending institutions. Conventional mortgage loans are then packaged into securities and then sold as securities to institutional investors. By pooling Florida mortgage loans, Fannie Mae and Freddie Mac, like Ginnie Mae, provide a continuous a flow of affordable Florida mortgage money for Florida enders that results in the availability of more Florida mortgage loans. 


JUMBO MORTGAGE LOANS- Jumbo mortgage loans are  issued by private Florida mortgage lenders and are above the maximum loan amount of $417,000 established by Fannie Mae and Freddie Mac. These Florida mortgage loans are known as 'jumbo' loans because jumbo mortgage loans are bought and sold on a much smaller scale and often have a little higher interest rate than conforming Florida mortgage loans under $417,000. 


CONDO LOANS- Buying a Florida condo is a great way to own a Florida home without taking on the maintenance of a single family home. Most Florida home buyers find that condos are often more affordable. When it comes to Florida condo purchase, or refinancing your existing condo we have many Florida condo mortgage programs available. We offer a wide variety of Florida mortgage with some of the best pricing available. To see for yourself, Apply Now or use our Quick Application to receive more information on your next Florida Mortgage.


NO CREDIT SCORE FLORIDA MORTGAGES- As a Florida mortgage company we are proud to help would be home buyers get approved for Florida mortgage with No credit score or minimal trade line approvals. Unlike most Florida mortgage lenders we can approve Florida mortgage applicants using non traditional trade lines from direct service providers. Direct service providers include electric company, water company, insurance, cell phone ect. Apply Now or use our Quick Application to receive more information on your next Florida Mortgage.


BAD CREDIT FLORIDA MORTGAGE-Florida mortgage applicants that have suffered a bankruptcy or foreclosure in the past might qualify for a good Florida mortgage. Florida mortgage applicants must wait 3 years after a Foreclosure and 2 years after a chapter 7 bankruptcy to qualify for an FHA mortgage in FLorida Otherwise the last resort for bad credit borrowers is a Florida hard money lender. Apply now or use our quick application for a free consulation on our Bad credit Florida home loan programs.


HARD MONEY - PRIVATE FLORIDA MORTGAGE LOANS- Hard money Florida mortgage lenders  grant private money loans based on the quick sale value of the property. Private Florida mortgage lenders or investors base this number off the lesser purchase price or appraised value. We have access to private Hard money Florida mortgage lenders across Florida. Hard money Florida mortgage lenders charge 3-5 points upfront and interest rates range from 8-12%. 


INVESTOR LOANS- With sufficient credit and debt to income ratios Florida investor loans are available to Florida mortgage applicants with sufficient equity and/or down payment. Florida investors in current market conditions will need at least 10-30% down payment to qualify for a Florida investor mortgage.


MANUFACTURED HOME LOANS- FHA provides the highest loan to value to Florida homeowners in search of a Florida mortgage for a manufactured or modular home. Manufactured home loan applicants can borrow up to 96.5% of the purchase price of their next Florida manufactured home loan or FHA rate and term refinance a manufactured home loan up to 97.75% of the homes FHA appraised value. 

 

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CREDIT REQUIREMENTS

FHA MORTGAGE

550 MIN FICO

PORTFOLIO MORTGAGE

NO MINIMUM

VA MORTGAGE

550 MIN FICO SCORE 

USDA LOANS

580 MIN FICO SCORE 

FANNIE MAE.

620 MIN FICO SCORE 

FREDDIE MAC

620 MIN FICO SCORE 

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Reviews on Zillow
1399173
"Thomas went above and beyond to get our mortgage approved. We had a couple of "hiccups" with our VA financing and Thomas was able to get them resolved ... more "
5.0/5.0
by lbaze2008
1375949
"I was hesitant to utilize someone from the internet to obtain my home loan. I even let my real estate agent talk me into going with someone local ... more "
5.0/5.0
by rmac333
1345066
"Thomas martin was a great help with our mortgage . it was a stressful time in our life , but Thomas remained calm through out the whole process which ... more "
5.0/5.0
by zuser20140303145114251