New Loan products are now available to help you buy your home! There's a loan that's just right for you!!
FHA Loans
FHA loans have been helping people become homeowners since 1934. How do they do it? The Federal Housing Administration (FHA) – which is part of HUD – insures the loan, so your lender can offer you a better deal.
Why not take advantage of the many benefits and protections that only come with an FHA loan?
Easier to Qualify - Because FHA insures your mortgage, lenders are more willing to give loans with lower qualifying requirements so its easier for you to qualify.
Less than Perfect Credit - Even if you have had credit problems, such as bankruptcy, its easier for you to qualify for an FHA loan than a conventional loan.
Low Downpayment - We have a low 3.5% downpayment, and that money can come from a family member, employer or government organization. Other loans don't allow this.
Costs Less - Many times, FHA loans have competitive interest rates because the loans are insured by the Federal Government. Always compare an FHA loan with other loan types.
VA Loans - 100% Financing
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy.
The guaranty means the lender is protected against loss if you fail to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.
Frequently Asked Questions
Who's Elgible?
Florida Bond Program - 100% Financing
Click on the home buyer wizard and this will allow you to determine if they qualify for bond assistance. Put in the family size and the county:
203(k) Streamline Limited Repair Program – (Perfect for fixer-uppers)
This is an FHA program for purchase or refi that allows for upgrades, repairs or modernization of the property that require no structural changes and repair work done within 3 months. Costs are added to the loan amount and limited to $35,000 and the area conforming loan limits. Ideal for properties that need a little TLC .
The Streamlined (k) program is intended to facilitate uncomplicated rehabilitation and/or improvements to a home for which plans, consultants, engineers and/or architects are not required. The Streamlined (k) program includes the discretionary improvements and/or repairs shown below:
• Repair/Replacement of roofs, gutters and downspouts
• Repair/Replacement/upgrade of existing HVAC systems
• Repair/Replacement/upgrade of plumbing and electrical systems
• Repair/Replacement of flooring
• Minor remodeling, such as kitchens, which does not involve structural repairs
• Painting, both exterior and interior
• Weatherization, including storm windows and doors, insulation, weather stripping, etc.
• Purchase and installation of appliances, including free-standing ranges, refrigerators, washers/dryers, dishwashers and microwave ovens
• Accessibility improvements for persons with disabilities
• Lead-based paint stabilization or abatement of lead-based paint hazards
• Repair/replace/add exterior decks, patios, porches
• Basement finishing and remodeling, which does not involve structural repairs
• Basement waterproofing
• Window and door replacements and exterior wall re-siding
• Septic system and/or well repair or replacement
Properties that require the following work items are NOT eligible for financing under the Streamlined (k):
• Major rehabilitation or major remodeling, such as the relocation of a load-bearing wall;
• New construction (including room additions);
• Repair of structural damage;
• Repairs requiring detailed drawings or architectural exhibits;
• Landscaping or similar site amenity improvements;
• Any repair or improvement requiring a work schedule longer than six (6) months; or
• Rehabilitation activities that require more than two (2) payments per specialized contractor
HomePath Mortgage
This program is specifically for borrowers purchasing a Fannie Mae repo. No appraisal required, No mortgage insurance required, as little as 3% down, Available to both home owners and investors. Go to www.homepath.com to search out eligible properties.
HomeStyle Renovation
Fannie Mae program that allows borrowers to combine the purchase or refi of a home with the costs to renovate or extensively remodel the property with up to 95% LTV. Renovation costs escrowed. Funds for renovation can not exceed 50% of the estimated value of the home and maximum conforming limit.
Want to know more?
Click here, then submit this brief form as soon as possible. A mortgage loan professional will contact you shortly.
