Miami Florida Mortgage Lenders For All Situations
Florida Mortgage Lenders .com is a mortgage loan originator based in Hollywood, FL. We offer more options, transparency, and a simpler way to find the right mortgage lender for your situation. We offer NonQM Wholesale and Private mortgage loans, as well as various mortgage products designed to fit unique needs.
Q: Do you offer mortgages to borrowers who are self-employed for less than 2 years? A: Yes, assuming you meet all the conditions we have no tax return Florida mortgage lenders that will approve you have been in the same life of work for more or less 2 years.
Q: Does Florida mortgage lenders offer financing on short-term rentals? A: Yes, we offer DSCR debt services coverage ratio loans for these properties that allow you to use the 1007 rental income or Airdna income calculator to verify income for Condotel, Airbnb, VRBO, and rental properties.
Q: How do I know how much mortgage payment I afford? A: Generally, borrowers can qualify for up to 50% of their before-tax income for the housing payment plus all other payments on the credit report. The breakdown is up to 30-40% of your total income for housing, and no more than 50% of your total income for the housing payment plus all other payments on the credit report.
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Mortgage Questions And Answers
Q: What are the down payment requirements for foreign national loans? A: Foreign national mortgage lenders usually range from 25% to 35% of the purchase price depending on the loan programs.
Is getting a mortgage on a Florida condo more difficult than a single-family home? A: Yes, Florida condo mortgage lenders require a borrower to have multiple approvals that include a condo questionnaire and budget, appraisal, title, and association.
Q: Can I transfer my Florida mortgage to another property? A: Generally, mortgages are not transferable between properties, but it never hurts to ask if some mortgage lenders may allow assumptions or transfers under specific conditions.
Can I qualify for a mortgage If I don’t pay taxes? Everyone should pay their taxes if they can. But not paying your taxes does not disqualify you from a Florida mortgage. THere are many Florida no-tax return mortgage lenders that don’t require tax returns.
Q: What is the minimum required down payment? A: Under the right conditions, we have FHA Florida mortgage lenders that provide FHA 100% financing for Florida first-time homebuyers. We also have our Professional mortgage that provides 100% financing for Doctors and Professionals.
Q: What is a debt-to-income ratio (DTI)? A: DTI is the percentage of your monthly gross income that goes toward paying mortgage payments and all other debts on your credit report. Florida mortgage lenders use your DTI to assess your ability to manage monthly payments.
Q: Do you offer mortgages on Co-ops? A: Yes we have Florida co-op lenders serving all of Florida. It’s a good idea to get the coop questionnaire completed and sent to us so we can have our Florida coop mortgage lenders review for any issues up front so we don’t waste your time.
Q: What are rec lease condos and do you offer financing on them? A: Yes, we have Florida mortgage lenders that lend on condos with rec leases. A “rec lease condo” or recreational lease means that ownership and management facilities for example, parking lots, pools, or clubhouses are not owned or managed by the condominium association and require unit owners to pay dues to both the association and or the facility owner.
Miami Dade County Florida was created on January 18, 1836, under the Territorial Act of the United States. On November 13, 1997, voters changed the name to Miami-Dade County. The most populous county in Florida, Miami-Dade County is home to 34 incorporated municipalities, cities, towns, and villages, as well as unincorporated communities and neighborhoods. Here is a complete list of the cities in Miami-Dade County: Miami :: Homestead :: Florida City :: Miami Beach :: Coral Gables :: Hialeah :: North Miami :: Opa-locka :: Miami Springs :: South Miami :: Golden Beach :: North Miami Beach :: Miami Shores::Biscayne Park :: Surfside :: El Portal :: Indian Creek :: Sweetwater :: North Bay Village :: West Miami :: Bay Harbor Islands :: Bal Harbour :: Virginia Gardens ::Hialeah Gardens :: Medley ::Key Biscayne :: Aventura :: Pinecrest :: Sunny Isles Beach :: Miami Lakes :: Palmetto Bay :: Miami Gardens :: Doral :: Cutler Bay ::
