Ways We Can Help You Save When Buying a Home

As you shop for a home, you are also shopping for a mortgage. The mortgage you choose will have a major impact on your financial future. Choosing one type over another may sometimes save you thousands of dollars over your loan term.

Florida State Mortgage Group is committed to helping homebuyers to save as much as possible. Here are some of the ways we help you find savings as you apply for a mortgage.

1. Find the ideal type of home loan. We offer a number of different types of home loans, including:
   • Conventional
   • Jumbo
   • FHA
   • VA
   • Self employed
   • Condominium mortgages
     
     During your consultation, we go over your qualifications and goals. We can help you figure out which types of mortgages you are eligible for, and which ones have the potential to save you the most money. As an example, if you are a veteran, you can save money with a VA mortgage. This type of home loan lets you purchase with zero down and affordable interest rates. You do not need perfect credit to qualify.
2. The time and dedication to work through obstacles. Florida State Mortgage Group is based in Fort Lauderdale. As a local mortgage company, we are able to offer borrowers more personal time and attention than you would get from a big bank. That means that we go the extra mile to help you overcome obstacles, financial or otherwise. We work hard to pair you with a suitable loan product, and thus can achieve better results than a big bank that is taking a cookie cutter approach to lending.
3. Advice to improve your credit score. If you do not have a perfect credit score, you might wonder how you can find an affordable loan. Mortgage products such as FHA and VA can help with this. But you can also try to raise your credit score before you apply for a mortgage.
   
   Tell us about your financial scenario, and we can give you personalized recommendations for how you might be able to increase your credit score.
   
   Many borrowers are surprised by how much they can improve their scores even on a limited timeframe. Sometimes it is as simple as paying off one of your loans or reducing your credit utilization. You can also check your credit report for errors, and submit a correction if you find any.
4. Mortgage Credit Certificate Program. Florida homeowners can take advantage of a program designed to help them save called the Mortgage Credit Certificate (MCC) Program. You might qualify for the MCC Program if you are a veteran or you are buying your first home.
   
   For those who are eligible, the MCC Program offers a tax credit of up to 50% of annual mortgage interest, capped at $2,000.
   
   We can tell you more about the MCC Program during your consultation, and help you figure out if you qualify. If you do, we can go over how you can claim this credit when you are preparing your taxes.

Buy a Home or Refinance in Florida

Florida State Mortgage Group can help you buy a home or refinance in Fort Lauderdale, Broward County, or anywhere else in Florida. We will work tirelessly to remove obstacles and make homeownership accessible and affordable no matter your situation.

If you are ready to get started, please give us a call today at (954) 359-3000 to schedule your mortgage consultation. We look forward to helping you move into a new home or refinance.