Frequently Asked Questions

Below are answers to some of the questions we receive most frequently from borrowers.


Q: How much do I need to make my down payment?

The down payment amount varies depending on your individual qualifications and the mortgage type.

We offer conventional mortgages as well as government-backed loans like FHA, and VA loans, any of which may feature low down payments with the right qualifications. In fact, VA mortgages feature zero down payment.

Q: How much cash do I need to close?

The closing costs depend on the specifics of your individual loan. For some types of mortgages, closing costs may be capped or paid by the seller.

Q: How much can I qualify for?

The amount you can qualify to borrow toward the purchase of your home is based on your credit score, DTI ratio, income, and other metrics as well as the type of mortgage for which you are applying.

For example, if you want to take out a conforming loan, you can borrow up to the Fannie Mae and Freddie Mac loan limits. But if you want to take out a jumbo loan, you can borrow more.

Q: How much will my payments be?

The amount of your payments depends on the amount you are borrowing in total as well as your interest rate and loan term. There may also be additional costs such as mortgage insurance.

During your consultation, we can help you assess what you can afford and explain what monthly costs you can expect if you take out a particular hypothetical loan.

Q: What will my mortgage rates be?

Multiple factors impact mortgage rates, including what rates are at the time you apply for a home loan and how strong your profile is as a borrower.

Your credit score has a large effect in determining your rates. If you need to raise your score, ask us during your consultation for personalized recommendations.

Q: What credit score do I need?

The minimum credit score is dependent on the type of loan you apply for. There are some programs that have relaxed credit score requirements, like FHA and VA.

Q: What areas do you serve?

We work with customers in Fort Lauderdale. We can also help you buy a home or refinance anywhere in the state of Florida.


Didn’t find the answer you were looking for above? Please give us a call at (954) 359-3000 or click the button below to schedule a FREE consultation. During your consultation, we can give you the detailed answers you need to all of your mortgage questions.


What Our Clients Are Saying

AUWAL ADAMU H.
AUWAL ADAMU H.
15:26 28 Sep 23
I can't thank Steve at Florida State Realty Group enough for helping me purchase my Fort Lauderdale condo. He made the entire process smooth and efficient. Highly recommended!
Nkechi G.
Nkechi G.
15:13 28 Sep 23
Betty at Florida State Mortgage Group is a true professional. She helped me invest in a great property in Fort Lauderdale. Her expertise and dedication are top-notch. I couldn't be happier.
Art K.
Art K.
15:30 27 Sep 23
Once our regular bank delayed our loan application, we became exceptionally nervous. We were in jeopardy of not only losing our new home but our deposit. We are eternally grateful that we were referred to Steve McWilliam. We had initially Googled Fort Lauderdale Mortgage Broker and he was the number one mortgage broker but we had already started the process with our local bank which was a horrible experience and mistake. We can highly recommend Steve as he delivered above and beyond what we had expected.
Harry K.
Harry K.
20:07 15 Sep 23
Stephen is an expert in this bussiness.Excellent attention, fast respond to all our questions.
Scott M.
Scott M.
02:17 22 Oct 22
Steve and his team did a fantastic job with my loan and I would highly recommend! They are extremely knowledgeable and professional and will certainly use them again! I have had a few other friends use Steve and they all have positive things to say. 5 stars!
Isabel E.
Isabel E.
13:54 08 Oct 22
Stephen and Betty over delivered not only my needs in securing a loan to purchase my dream house but we’re profferesional and courteous every step of the way. I am blessed to have had met them. Thank you GOD
James B.
James B.
03:11 20 Nov 21
From my first call to Steve Mc William to the second we closed, it was the best service ever. I felt as if I were their only customer. Everything was top notch and professional.
Stephen B.
Stephen B.
15:59 19 Nov 21
J C
J C
21:36 13 Nov 21
Mr McWilliam was extremely thorough and informative. He even provided excellent advice on some other non related mortgage questions I had. He listened carefully to my goals and provided me with the best product for my financial situation. I have never met any one so thorough. Thank you.
Crystal T.
Crystal T.
14:04 12 Nov 21
angelo C.
angelo C.
21:26 08 Nov 21
Linda R.
Linda R.
19:27 18 Jan 21
Steve did a great job on our refi. Thanks for making it happen.
Crystal T.
Crystal T.
12:15 30 Jul 20
Steve and his team at Florida State Mortgage Group, Inc. went above and beyond to help me get my mortgage for our families new home. Steve is very professional, experienced, and the company offers excellent customer service. I highly recommend anyone in the need of a mortgage to contact Florida State Mortgage Group, Inc.
Lana M.
Lana M.
16:22 13 Feb 20
Stephen McWilliam was an amazing person to deal with. Our deal was pretty complicated on all aspects and he was so professional, he got it done !!! Thank you so much for all the hard work you put into this deal!!!
Erica Bethe L.
Erica Bethe L.
16:21 22 Jan 20
Working with Steve and Florida State Mortgage Group was singlehandedly the best and most seamless part of buying our home. I could not recommend them more highly.
Charlie C.
Charlie C.
14:45 14 Jan 20
Stephen went above and beyond to help me in my situation. Thank You 👍
Brian M.
Brian M.
15:02 13 Jan 20
Steve did a wonderful job securing a mortgage for me based on the parameters I gave and seeing everything through to completion. No hiccups for me along the way in a process that can be very painful if not managed well.
Shannon D.
Shannon D.
01:34 12 Jan 20
Steve and the team at Florida State Mortgage Group are exceptional. I was looking for a townhouse for my family when Steve and his team were referred to me. Florida State Mortgage Group showed me I could easily afford a single family home. Steve handled everything from providing a list of homes, securing the home loan, insurance options and closing.I’ve referred Florida State Mortgage Group to friends and family. Each person has experienced the same level of knowledge and quality of service.5 STARS
Florida G.
Florida G.
19:08 11 Jan 20
I was very pleased with Steve and the ease of the process. No hiccups or surprises. Highly recommended for mortgage services.
Michelle V.
Michelle V.
17:20 08 Jul 19
I worked with Betty to buy my first house here in South Florida and I could not be happier! She was amazing. She was always available to answer my questions and she was very patient. She was extremely knowledgeable, even getting me approved for a HUGE tax exemption I will receive annually . She always had all the paper work ready on time and explained everything in detail. I could not image a better agent. I'm SO glad we made the decision to work with her. Thanks Betty!
Justin P.
Justin P.
16:01 08 Jul 19
Betty did an amazing job originating our loan. She is knowledgeable, accessible, and eager to provide the best for her clients. I HIGHLY recommend her!
Ganel A.
Ganel A.
00:59 26 Feb 19
you guys are doing a great job keep it up.
Mike H.
Mike H.
17:15 20 Feb 19
Natalie R.
Natalie R.
20:59 12 Feb 19
We had a great experience with Florida State Mortgage Group. Would recommend them and will use them again in the future.
Sean Z.
Sean Z.
18:28 05 Feb 19
Steve McWilliam was a tremendous help in securing my mortgage a few years ago. He’s also been a great source of knowledge in the time since. I highly recommend him as someone you can trust.
Scott Y.
Scott Y.
17:42 04 Feb 19
The smartest, most helpful and insightful mortgage loan person I’ve ever used. On our first attempt to buy he saved us from disaster. On our second attempt he was finished and ready to close before everyone else! Our loan was a VA so we expected it to take extra time...nope. For our next loan we won’t use anyone else.
Mike M.
Mike M.
03:25 03 Feb 19
Knowledgeable, Professional and results oriented!!
Hugh B.
Hugh B.
19:22 02 Feb 19
If your looking for a highly professional, easy to work with and lightning fast mortgage team, then Florida State Mortgage is for you.I wouldn’t go anywhere else for my mortgage needs.Hugh B.Davie, Florida
Madison C.
Madison C.
00:53 30 May 18
They were a pleasure to work with and they helped us get through the financing of our first home in Florida. Highly recommended!
Peter P.
Peter P.
07:26 22 Feb 18
They helped me get a loan for my first-home purchase. At first I wasn't sure what to expect working with them, but they quickly put those worries to rest! They were very patient with us every step with professionalism.
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AUWAL ADAMU HUSSAIN
AUWAL ADAMU HUSSAIN
15:26 28 Sep 23
I can't thank Steve at Florida State Realty Group enough for helping me purchase my Fort Lauderdale condo. He made the entire process smooth and efficient. Highly recommended!
Nkechi Godwill
Nkechi Godwill
15:13 28 Sep 23
Betty at Florida State Mortgage Group is a true professional. She helped me invest in a great property in Fort Lauderdale. Her expertise and dedication are top-notch. I couldn't be happier.
Art King
Art King
15:30 27 Sep 23
Once our regular bank delayed our loan application, we became exceptionally nervous. We were in jeopardy of not only losing our new home but our deposit. We are eternally grateful that we were referred to Steve McWilliam. We had initially Googled Fort Lauderdale Mortgage Broker and he was the number one mortgage broker but we had already started the process with our local bank which was a horrible experience and mistake. We can highly recommend Steve as he delivered above and beyond what we had expected.
Harry Kreisberger
Harry Kreisberger
20:07 15 Sep 23
Stephen is an expert in this bussiness.Excellent attention, fast respond to all our questions.
Scott Mason
Scott Mason
02:17 22 Oct 22
Steve and his team did a fantastic job with my loan and I would highly recommend! They are extremely knowledgeable and professional and will certainly use them again! I have had a few other friends use Steve and they all have positive things to say. 5 stars!
Isabel Echeverry
Isabel Echeverry
13:54 08 Oct 22
Stephen and Betty over delivered not only my needs in securing a loan to purchase my dream house but we’re profferesional and courteous every step of the way. I am blessed to have had met them. Thank you GOD
James Basile
James Basile
03:11 20 Nov 21
From my first call to Steve Mc William to the second we closed, it was the best service ever. I felt as if I were their only customer. Everything was top notch and professional.
Stephen Brathwaite
Stephen Brathwaite
15:59 19 Nov 21
J C
J C
21:36 13 Nov 21
Mr McWilliam was extremely thorough and informative. He even provided excellent advice on some other non related mortgage questions I had. He listened carefully to my goals and provided me with the best product for my financial situation. I have never met any one so thorough. Thank you.
Crystal Torres
Crystal Torres
14:04 12 Nov 21
angelo cedeno
angelo cedeno
21:26 08 Nov 21
Linda Rosen
Linda Rosen
19:27 18 Jan 21
Steve did a great job on our refi. Thanks for making it happen.
Crystal Torres
Crystal Torres
12:15 30 Jul 20
Steve and his team at Florida State Mortgage Group, Inc. went above and beyond to help me get my mortgage for our families new home. Steve is very professional, experienced, and the company offers excellent customer service. I highly recommend anyone in the need of a mortgage to contact Florida State Mortgage Group, Inc.
Lana Mihova
Lana Mihova
16:22 13 Feb 20
Stephen McWilliam was an amazing person to deal with. Our deal was pretty complicated on all aspects and he was so professional, he got it done !!! Thank you so much for all the hard work you put into this deal!!!
Erica Bethe Levin
Erica Bethe Levin
16:21 22 Jan 20
Working with Steve and Florida State Mortgage Group was singlehandedly the best and most seamless part of buying our home. I could not recommend them more highly.
Charlie Crusher
Charlie Crusher
14:45 14 Jan 20
Stephen went above and beyond to help me in my situation. Thank You 👍
Brian Mosher
Brian Mosher
15:02 13 Jan 20
Steve did a wonderful job securing a mortgage for me based on the parameters I gave and seeing everything through to completion. No hiccups for me along the way in a process that can be very painful if not managed well.
Shannon Dameron
Shannon Dameron
01:34 12 Jan 20
Steve and the team at Florida State Mortgage Group are exceptional. I was looking for a townhouse for my family when Steve and his team were referred to me. Florida State Mortgage Group showed me I could easily afford a single family home. Steve handled everything from providing a list of homes, securing the home loan, insurance options and closing.I’ve referred Florida State Mortgage Group to friends and family. Each person has experienced the same level of knowledge and quality of service.5 STARS
Florida Guy
Florida Guy
19:08 11 Jan 20
I was very pleased with Steve and the ease of the process. No hiccups or surprises. Highly recommended for mortgage services.
Michelle Vantine
Michelle Vantine
17:20 08 Jul 19
I worked with Betty to buy my first house here in South Florida and I could not be happier! She was amazing. She was always available to answer my questions and she was very patient. She was extremely knowledgeable, even getting me approved for a HUGE tax exemption I will receive annually . She always had all the paper work ready on time and explained everything in detail. I could not image a better agent. I'm SO glad we made the decision to work with her. Thanks Betty!
Justin Pyka
Justin Pyka
16:01 08 Jul 19
Betty did an amazing job originating our loan. She is knowledgeable, accessible, and eager to provide the best for her clients. I HIGHLY recommend her!
Ganel Appolon
Ganel Appolon
00:59 26 Feb 19
you guys are doing a great job keep it up.
Mike Heller
Mike Heller
17:15 20 Feb 19
Natalie Rodriguez
Natalie Rodriguez
20:59 12 Feb 19
We had a great experience with Florida State Mortgage Group. Would recommend them and will use them again in the future.
Sean Zamora
Sean Zamora
18:28 05 Feb 19
Steve McWilliam was a tremendous help in securing my mortgage a few years ago. He’s also been a great source of knowledge in the time since. I highly recommend him as someone you can trust.
Scott Yankton
Scott Yankton
17:42 04 Feb 19
The smartest, most helpful and insightful mortgage loan person I’ve ever used. On our first attempt to buy he saved us from disaster. On our second attempt he was finished and ready to close before everyone else! Our loan was a VA so we expected it to take extra time...nope. For our next loan we won’t use anyone else.
Mike McGraw
Mike McGraw
03:25 03 Feb 19
Knowledgeable, Professional and results oriented!!
Hugh Bruder
Hugh Bruder
19:22 02 Feb 19
If your looking for a highly professional, easy to work with and lightning fast mortgage team, then Florida State Mortgage is for you.I wouldn’t go anywhere else for my mortgage needs.Hugh B.Davie, Florida
Madison Cantrell
Madison Cantrell
00:53 30 May 18
They were a pleasure to work with and they helped us get through the financing of our first home in Florida. Highly recommended!
Peter Parkson
Peter Parkson
07:26 22 Feb 18
They helped me get a loan for my first-home purchase. At first I wasn't sure what to expect working with them, but they quickly put those worries to rest! They were very patient with us every step with professionalism.
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