In the past 2 weeks, we’ve seen maximum loan limits for FHA, Fannie Mae and Freddie Mac loans increase! As anticipated, the maximum VA loan limit was just increased to $453,100 for almost every county in Florida. This makes it easier for you to get a second VA loan — call us for the details. Check out this calculator that helps you figure out whether you can get a second VA loan. Call us at 813-707-6200 with questions or to get started!!!
The answer is yes and no. Allow us to explain. Continue reading Do you really skip a mortgage payment when you refinance?
Here’s a good sign for home prices.
The Federal Housing Finance Agency announced Nov. 28, 2017 that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2018 will be $453,100, an increase from $424,100 in 2017. Continue reading Fannie Mae and Freddie Mac Loan Limits going up in 2018
Just because someone has a bankruptcy doesn’t mean he or she will never again qualify for a mortgage. Consider the adage, “There is life after a bankruptcy.”
While several types of bankruptcies exist, two of the more common ones are Chapter 7 and Chapter 13. Not only does each have its own ramifications for being eligible for a mortgage, but so does the type of loan being sought. Continue reading Getting A Mortgage After Bankruptcy
Getting the keys to your first home is an extra-special treat. Happy Halloween!
Of course, we’re a paperless company. But if you prefer your docs in print, we will always accommodate. After all, as this video suggests, no one is 100% paperless.
Since it’s Friday the 13th and Halloween is just around the corner, we thought we’d share 6 common reasons why some people are afraid of starting the mortgage process. The good news is that you don’t need to fret. If one of the following reasons is holding you back, then you should probably call us. Continue reading 6 Fears People Have Of Getting A Mortgage
“We would like to thank Stephanie and the team who definitely exceeded our expectations. They were easy to communicate with, timely, professional, and knowledgeable, and they completely answered all our questions. We secured our loan in an easy manner with easy terms of repayment. Kudos to the Florida Mortgage Firm.”
— Cedric and Mary Fraser, Sept. 23, 2017
Extremely satisfied clients
You’ve heard about the standard FHA loan, or the 203(k). But what about the FHA 203(h)?
After Hurricane Irma ravaged Florida, this program will be enticing to many people who live in an area with a Major Disaster Declaration.
The 203(h) helps both renters and homeowners recover by making it easier to purchase a new home if their existing home (that they own or rent as a tenant) is affected by the disaster. This program requires NO DOWN PAYMENT and may be used to finance the purchase of a single-family home that will be a primary residence.
The counties listed below were declared by FEMA (https://www.fema.gov/disaster/4337):
Alachua, Baker, Bradford, Brevard, Broward, Charlotte, Citrus, Clay, Collier, Columbia, DeSoto, Dixie, Duval, Flagler, Gilchrist, Glades, Hardee, Hendry, Hernando, Highlands, Hillsborough, Indian River, Lafayette, Lake, Lee, Levy, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, Sarasota, Seminole, St. Johns, St. Lucie, Sumter, Suwannee, Union, Volusia
After a natural disaster occurs, such as a hurricane storming through the area, there are generally two kinds of properties regarding real-estate transactions needing appraisals: Properties that have already been inspected by an appraiser, and properties that have not been inspected.
Here’s some bullet points about these. Continue reading Appraisal Report Process Within A Natural Disaster Area