Florida mortgage lenders provide refinance, home equity, second mortgages, 100% purchase loans and debt consolidation financing for homeowners with good & bad credit. Florida loan applicants are invited to shop & compare mortgage rates by state, loan quotes, gulf real estate related articles and for helpful insight for consumers in Florida. Don't let your past credit problems hinder your home finance options, because there are so many loan programs available today that help people rebuild their credit while lowering their monthly payments. Check the local Florida rates for second mortgage loans.
With Florida mortgage rates becoming more affordable than ever, local applicants should feel confident they are getting the best rate possible for buying or refinancing a home. If you are tired of dealing with loan brokers that do not understand your local housing market, then you will enjoy the lending process at Nationwide. Florida mortgage loans of all types are available to qualified borrowers. If you are buying a home, talk with a Florida lender who can help you get a pre-approval letter quickly and that may help your offer get accepted.
Florida Home Mortgage Rates fell to their lowest level in 40 years. Local residents benefitted from thirty-year fixed rate mortgage loans between 4.75% and 5%
Minimum loan amount is $20,000
Must Have Qualifying Credit Score & CLTV Requirements
40-Year Amortization Term
Four options available: 40-Year Fixed,
Maximum LTV 100%, Maximum CLTV 100%
Loan Amounts to $1,500,000
100% LTV Full Doc minimum 580 Credit Score
95% LTV Stated Doc minimum 620 Credit Score
Maximum Debt to Income - 55% up to 90% LTV;
Documentation Types - Full, Limited and Stated Income
Interest Only
Stated Income Mortgage
100% CLTV on Owner Occupied Properties
90% on Non-owner Occupied Properties
Qualify at fully amortizing payment
1-4 Units Condos and PUD's
Not Available in all states.
Florida Mortgage Terms:
First Mortgage Product is available with a 2/28 or 3/27 LIBOR ARM, a 15/15 and 30/30 fixed term, and a 30/15-balloon term. The 2/28, 3/27 and 30/30 terms are available with an Interest Only option with some restrictions.
The Second Mortgage Loans are available with a 15,20, 25 and 30-Year fixed term and a 30/15-balloon term.
Pricing is subject to change daily. Please refer to loan officer for updated interest rates by state.
40 Yr Amortization: First Mortgage programs are available with a 2/38 or 3/37 LIBOR ARM and 40/30 Balloon first
Interest only is available on the 2/28, 3/27 and 30/30 first liens only
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