Do you need help shopping for Florida mortgage lenders that provide refinance, second mortgages, and home purchase loans for first time home buyers with good and bad credit? We invite Florida loan applicants are invited to shop and compare mortgage rates by state, loan quotes, Gulf real estate related articles and for helpful insight for consumers in Florida. In many cases, you do not have to wait on the sidelines any more if you have some issues in the past with your credit history. Even if you have low fico scores, there are several mortgage programs for new house buyers that have below average credit scores.
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 loan shopping 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.
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
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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Nothing on this web site contains an offer promise either to make home financing or that any participating lender will guarantee any home loan for any purpose or on any specific terms.
Loans cannot be made online or be approved without an underwriter analyzing your credit score, debt to income ratio and combined loan to value.