We are proud of the various charities that our company and team members support !
Aside from our companies contributions. We encourage team members to donate there time and money to charities of their choice to support the less fortunate
THE NEW VA MORTGAGE ADVANTAGEA VA Loan has many advantages that make it one of the most appealing paths to home ownership and this great benefit is reserved exclusively to those who bravely served our country and select military spouses. When combined, the benefits of the VA mortgage allow service members and Veterans to take advantage of substantial cost savings under qualification requirements designed specifically for members of the military and their unique needs.
VA PROGRAM HIGHLIGHTS•100% Financing•Competitive interest rates•No PMI (private mortgage insurance)•FICO starting at 580 + •Disabled Veterans pay no Property Tax in Florida
PURCHASE YOUR HOME WITH JUST 1% DOWN
VA LOAN PROGRAMS
WEAREEXCITEDTOPRESENTOURNEWCONVENTIONAL1%DOWNWITHEQUITY PLUS LOANPROGRAMYou simply put down 1%, and we (Lender) contribute 2%*, giving you 3% equity at closingGreat low ratesClose in 30 days or lessConventional 30-year fixed programAvailable with no monthly Mortgage Insurance*2% is a lender contribution and may only be applied to down payment
With offer over 14 programs. Bank Statement Loans are rapidly becoming the loan of choice for self-employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 wage earners who have cash flow and payment history, but show a reduced taxable income as a result of high deductions
At 1st Florida Lending Corp, we have been closing Commercial Real Estate and Investment Property Loans in Florida since 2007 offering fast funding by seasoned professionals. We offer a full range of Commercial Real Estate and Investment Property Loan programs including No Income Verification, Self-Employed, Full Doc, No-Doc and Stated Income for any property type and financial situation.
SELF-EMPLOYED BANK STATEMENT LOAN PROGRAMS
Starting in the 5’s
Most home buyers with all of there ducks in a row, it’s not far fetched to assume that you’re good-to-go with getting a conventional mortgage loan that conforms to all of today’s lending standards and guidelines. Think again. Many times once we review a borrowers credit history and financials. They could actually be a candidate for a non-conforming loanand don’t even realize it. More importantly, there is a significant differences between a conforming and non-conforming loan. If you are a prospective home buyer and curious about whether they would qualify for a conforming or non-conforming loan. Let us help guide them to shed some light on this sometimes confusing and complicated mortgage term.
800-655-1345 I ALL LOAN INQUIRIES CALL 407-300-2558
Over 48 loan programsDirect Lenders - No Retail BrokersManually Underwrite Challenging LoansSame Day Loan Pre-Approval Letters
Our Loan Match Wizard simply allows us to FIND AND QUOTE the best loan program match based on your answers to a few questions that takes less than 60 seconds
BEST OF ALL - WE DO NOT PULL YOUR CREDIT TO PROVIDE RATES
our top 14 most popular programs are Listed below for your review
FHA is our most popular loan option because it provides a more lenient credit and income requirements than other mortgages. FHA are the most forgiving of credit problems, and can be manually underwritten to stretch debt to income ratios for those who qualify. 100% Financing is available
Our Jumbo land Super Jumbo loans are ideal for home buyers looking for higher priced luxury homes. These loans are designed to simplify home buying in pricey markets by covering the full cost of the loan, so there is no need for borrowers to drain their cash reserves. UPDATE! RATES IN THE 3’S
We analyze your Bank Statement Deposits to establish a monthly qualifying Income. These programs are available to 1099 personal contractors, business owner / operators, DBA's and are processed by our highly experienced originators offering lowest rates even for the most challenging loan scenarios. And the best part, no retail broker fees added.
There are 3 types of refinancing (rate-and-term, cash-out, and cash-in) depending on your individual needs. The most popular refinancing is rate-and-term to take advantage of lower rates or cash-out to consolidate, pay down or pay off debt and/or shortening their loan term, or a combination of the above.
Our ITIN & DACA Loan program offers potential home ownership for the undocumented / foreign national borrower who lives and works in Florida as well as pays US taxes to the IRS with the ITIN Tax ID (instead of a Social Security number) to purchase a Primary Home
Available for self-employed borrowers (not business entities) with a min FICO score of 740. Must have established and maintained an excellent credit, payment and banking history. Simply state your Income on loan application and verify self-employment for two years. For primary home purchases only
Our Foreign National Loans offer non-citizen residents who have the qualifications, resources, and motivation to purchase a second home, vacation home or investment property in the United States have helped propel domestic real estate markets in tough times.
OUR NEW ! ALL-INCLUSIVE RENTAL INVESTMENT PROPERTY ACQUISITION LOAN.Purchase or Refinance Rental Property with No Income or Employment Verification. Anyone can purchase or refinance rental investment property based on rental income only. If there is no rental income. Qualify based on the Appraisal Estimated Rental Income.
We offer a full range of Commercial Real Estate and Investment Property loans for most property types at very competitive rates with just the right terms with fast closing timelines to pay off an over-due note or to complete a purchase with a fast approaching deadline!
Asset depletion is a calculation of a borrower's liquid assets to determine a qualifying monthly income to service the loan amount. Liquid assets generally include checking, savings, 401k, pensions, stocks and other investments etc. that could easily liquidated or turned into cash.
A Reverse Mortgage loan for homeowners over the age of 62 that can access a portion of the home’s equity and uses the home as collateral. The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away.
Hard Money Bridge Loans are great for Fix and Flips, Rental Property, Replacing Loan Denials or if you need quick cash There are no income or employment verification needed to qualify. Only an appraisal and source of funds to close with some reserves. This program does not require a credit score. Closing time lines ranges between 10 to 14 days
Our VA Loan as many advantages that make it one of the most appealing paths to home ownership and this great benefit is reserved exclusively to those who bravely served our country and select military spouses. When combined, these benefits allow substantial cost savings.
USDA is for financing qualifying properties in rural areas. USDA loans offer low interest rates and 100% financing. Never assume that you wont qualify. Contact our certified USDA loan officers who will quickly identify your needs, and offer you the type of expert advice you deserve
We close 80% of loans that are turned down by banks, nation wide lenders and local direct lenders alike...How? Simply stated, most lending institutions are not willing to spend the time or resources to approve borrowers whose profile does not meet the industry matrix criteria. The good news is that we do!
ASKED YOURSELF THESE 2 QUESTIONS1.Have you been Self-Employed for 2 years?2.Has COVID-19 Impacted your Business / Income? If Yes! We now offer a new COVID-19 RELIEF bank statement program that only requires review of your last 3 months banking statement history and income! We do not look at any banking irregularities like, reduced income shock, non-sufficient funds etc..prior to your most recent 3 months.
NEW COVID-19 RELIEF SELF-EMPLOYED BANK STATEMENT LOAN PROGRAM:
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans
programs including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank
Statement Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in
Bank Statement Loans or “stated loans” requiring no Tax Return verification and much more. * No broker or lender fees are for FHA,VA,
USDA and Conventional loan types Main Office: 2151 Consulate Dr. * Suite 8 * Orlando, FL., 32837 * Telephone (800) 655-1345 *
(407) 300-2558 * Fax (877) 401-9955We are approved lenders for all Government Loans and registered with the Florida Office of
Financial Regulation - # MLD106When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.