Sometimes people can get overwhelmed when trying to figure out which mortgage program is the most beneficial to them. Should they go with USDA, VA, FHA or Conventional? There are many more, and there are pros and cons to each program. For example, how long you plan on keeping the home is often a factor that is overlooked when deciding which loan is best for you.
Florida Mortgage Firm helps people every single day, combing through mortgage programs, and explaining what each mortgage program is and how they help or hinder you.
Programs
VA
» No down payment.
» Affordable rates.
» Veterans and military personnel.
FHA
» Popular among first-time home buyers.
» You do not need to be a first-time home buyer.
USDA
» No down payment.
» Affordable rates.
Conventional
» Wide range of
down-payment options.
» Gift funds acceptable.
» Affordable rates.
Jumbo
» Wide range of
down-payment options.
» Affordable rates.
» Loan amounts above conforming limits.
Non-Conforming
» Foreign national.
» Bank-statement loans.
» Loan amounts above conforming limits.
Property Options
Construction-Perm
» VA
» Conventional
Manufactured Homes
» Single- &
double-wides.
» VA, FHA &
Conventional.
Vacation Homes
» Buy a residence in Florida.
» Beach houses,
condos & more.
Investment Homes
» Investor cash flow
» No income verification available.
Condos
» Limited condo reviews available.
» Jumbo loan options.
Multifamily Units
» 1-4 family units.
» Multiple programs available.
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