As a Direct Mortgage Lender, we have the
ability to fast track your closing in 10-
Business Days!
AN
ACTIVE
LOAN
FILE
is
defined
as
borrower(s)
who
has
executed
a
purchase
contract,
submitted
all
of
their
preliminary
documentation
including
signed
disclosures
with
another
lender
who
has
ordered
an
appraisal
and
providing
the
borrower
with
excuses
that
is
delaying
the
loan
approval
beyond
the
closing
date
and
now
asking
for
a
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 FOR AN ACTIVE LOAN FILE?
A
NEW
LOAN
FILE
is
defined
as
borrower(s)
with
executed
a
purchase
contract
or
refinance
an
existing
property
but
has
not
submitted
their
financial
or
credit
documentation
to
a
lender
for
review.
The
10-business
day
closing
starts
once
all
preliminary
documentation
is
received,
including
loan
application,
disclosures
are
fully
executed
and
returned and the appraisal paid. Holidays and weekends do not count as business days.
HOW DOES A 10-BUSINESS DAY CLOSING CHALLENGE WORK FOR AN 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.
CONTACT US TODAY TO GET STARTED
800-655-1345
* Disclaimer: All Loan programs, rates and terms can change without notice and are subject to credit and underwriting approval. Loan charts
highlight min/max constraints, assumptions & random scenarios only. We will always work hard to approve your loan but there are no guarantees of
any kind expressed or implied that any loan we be approved. Licensed in Florida Only
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Florida’s Top Rated DIRECT Lender I 48 Programs
800-655-1345 I CALL us 407-300-2558
1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing only the State 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.