Florida Mortgage Loan Programs

Securing the right home loan in Florida for financing your home is an important decision. I have outlined some mortgage program options, payment terms and occupancy types for your review. Depending on your answers to a few short questions, I can recommend a top quality Florida Mortgage Program (with payment terms and occupancy type) to help you Purchase your dream home and achieve your homeownership goals. Complete my Quick Application and get your free Mortgage Pre-approval today!

Full Documentation Loan:

• Requires proof of income
• 2 yrs. verifiable employment
• 2 yrs. tax returns
• 2 yrs. w-2
• Current pay stubs and bank statements

Payment Terms

Fixed Rate: Pay a fixed payment for the life of the loan.

Fixed term examples:

• 10 yr
• 15 yr
• 30 yr
• 40 yr
• 50 yr

ARM: Adjustable rate mortgages offer a fixed payment period. The remaining payments adjust according to market conditions however not adjusting over the max rate for the life of the loan.

Arm examples:

• 2/28
• 3/27
• 5/1
• 10/1

Interest Only:

• Pay only interest payments for your mortgage payment.

Pick A Pay: This programs has several monthly payment options.

Payment Options Include:

• Minimum monthly start rate payment
• Interest only payment
• 15yr amortized payment
• 30yr amortized payment

Occupancy Types

• Primary Residence
• Secondary Home
• Investment / N/O/O (non-owner occupied)

Florida FHA Loan

A FHA loan allows Florida borrowers with credit blemishes, moderate income and small savings to qualify for a Florida home loan. The FHA program is not credit score driven. First Time Buyers and seasoned borrowers can finance 97% of the purchase price and bring 3% for down payment. Mortgage insurance (premium required when financing over 80% of your loan to value) and escrow payments are included in your mortgage payment. The Florida FHA program offers lower interest rates on fixed rate and adjustable rate mortgages - - and no pre-payment penalty ever! Find out more by using my Quick Application today!

Florida VA Loan

A Florida VA loan has similarities to the Florida FHA loan. The VA loan requires a Certificate of Eligibility to establish your VA eligibility. A down payment or mortgage insurance is not required for a VA loan. Veterans however are responsible for paying a funding fee. With a VA loan, lower interest rates are available and no pre-payment allowed. Are you an eligible veteran? - - - use my Quick Application and take advantage of a VA loan today!

Reaching more goals with mortgage advice you can trust.....