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.
As a Direct Mortgage Lender, we have the ability to fast track your closing in 10-Business Days!
ANACTIVELOANFILEisdefinedasborrower(s)whohasexecutedapurchasecontract,submittedalloftheir preliminary documentation includingsigneddisclosureswithanotherlenderwhohasorderedanappraisaland providingtheborrowerwithexcusesthatisdelayingtheloanapprovalbeyondtheclosingdateandnowaskingfora contract extension because your sales contract is about to expire along with the threat of losing your escrow money.
HOW DOES A 10-BUSINESS DAY CLOSING CHALLENGE WORK FORAN ACTIVE LOAN FILE?
ANEWLOANFILEisdefinedasborrower(s)withexecutedapurchasecontractorrefinanceanexistingpropertybut hasnotsubmittedtheirfinancialorcreditdocumentationtoalenderforreview.The 10-business day closing starts once all preliminary documentationisreceived,includingloanapplication,disclosuresarefullyexecutedand returned and the appraisal paid. Holidays and weekends do not count as business days.
HOW DOES A 10-BUSINESS DAY CLOSING CHALLENGE WORK FORAN NEW LOAN FILE?
To qualify for the 10-business day closing challenge. Borrowers must have a 620 middle score with no history of mortgage credit events, outstanding or differed student loans, unpaid IRS liens or pending lawsuits. Our 10-business day closing applies only to conforming FHA and Conventional purchase and/or refinancing loans for a primary homes. It is important that you disclose your complete financial background/history - everything from employment to assets to credit history in order for us to facilitate this fast track acceleration closing option.The secret to closing a loan in record time starts with the speed in which a borrower can provide flawless, verifiable, executed documents to the lender and how fast underwriting can process the request and reply with an approval. Sounds simple enough, but when you consider the precession and timely, it is not as easy as it sounds.