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  • Conventional Loans

    Conventional Loans with as little as a 3% down payment.

    Fixed Rate

    fixed_rateA fixed rate mortgage is traditionally a fully amortized loan which offers you an interest rate that will not rise or fall during the term of your mortgage. A typical fixed rate mortgage is amortized over a 15, 20, or 30 year fixed term.

    Fixed rate mortgages are the most common type of loan because they offer the security of regular mortgage payments that do not change over the course of homeowners term. This is in comparison to an adjustable rate mortgage that is subject to change over the term of the loan.

    We specialize in both fixed rate mortgages and adjustable rate mortgages. Feel free to contact us to discuss if either of these loan options is right for you.


    Adjustable Rate

    adjustable_rateAdjustable rate mortgages will generally offer a lower interest rate initially compared to fixed rate mortgages. Also known as ARMs, these mortgages are more suited to the needs of borrowers that are willing to accept the eventual fluctuation in their mortgage payments in order to take advantage of a low interest rate in the beginning of their term. These initial low rates are often referred to as teaser rates and are attractive to borrowers with definite short term goals.

    Adjustable rate mortgages are typically set for 5 or 7 year terms, based on a traditional 30 year amortized loan.


    Conforming Loans

    Conforming Loans are loans that are underwritten to the underwriting guidelines established by Fannie Mae and/or Freddie Mac.  Florida conforming loan limits for single family homes and condos is currently $453,100 (Monroe County $529,000) and as much as $580,150 – 2 units (Monroe County $677,200); $701,250 – 3 units (Monroe County $818,600); $871,450 – 4 units (Monroe County $1,017,300).  Fannie Mae and Freddie Mac mortgage loans typically offer the lowest cost/interest rates offered anywhere and by anyone.  Additionally, self-employed borrowers may only need to provide 1 years income for qualification and required down payments are as low as only 3% plus reduced rate mortgage insurance is available for low to moderate income borrowers and/or borrowers buying in select Florida census tracks.  Eligible first time home buyers may also receive a Florida Mortgage Credit Certificate (“MCC”) offering up to a $2,000 annual IRS income tax credit.  Add under the new “Conforming Loans”


    Less than Perfect Credit Options

    We offer mortgage financing options for those that are not eligible for immediate Conforming and/or Government (FHA,VA,USDA) loan programs due to a recent short sale and/or bankruptcy.  These options include both fixed rate and lower adjustable rate financing.  These loan programs allow borrowers to secure their new home purchase today and later consider refinancing into a possible lower cost Conforming and/or Government (FHA,VA,USDA) loan once they become eligible.

     

    We specialize in both fixed rate mortgages and adjustable rate mortgages. Feel free to contact us to discuss if either of these loan options is right for you.