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) 401-9955 We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106 When Banks Say No ! We Say YES ! ® is a registered trademark owned by 1st Florida Lending Corp.
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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 your loan we be approved. © 2007 - 2019 1st Florida Lending Corp. - All rights reserved I Privacy Policy I Terms of Use I

ASSET DEPLETION LOANS

Carlos Matos I Florida Direct Lenders
Leverage your Assets for a Property Purchase or Refinance without establishing an active depository relationship, or use of pledged funds or solicitation to transfer of assets? How it Works Borrowers with substantial liquid assets can be used to establish a monthly income to purchases or refinance properties. More specifically, divide Borrower's net assets by 60 which = equals your qualifying monthly income and loan amount. Liquid assets generally include Checking & Savings accounts, Money-market accounts, CDs, Publicly Traded Stocks, Bonds, Mutual funds, Trusts, IRAs and 401ks that could easily liquidate or turned into cash. Below are collective highlights based on 5 program options! Highlights Max Loan Amount $7,000,000 Min Loan Amount $150,000 Non-Warrantable Condos, Co-ops, Condotels and Cash Out OK Assets are used at 100% face value with no reduction for retirement funds, stocks, bonds, mutual funds or other publicly traded accounts Minimum Credit Scores start at 620 Up to 85% LTV Cash-out and Interest-only options available Property Types ( Primary, 2nd Homes & Investment Properties) Reserves vary (3 to 12-month PITIA) based on program No rate adjustments apply to the program Only one appraisal required regardless of loan amount or cash out Asset depletion can be used in conjunction with all other income sources such as W2, self- employed, pension, Social Security or rental income Up to 50% DTI Asset depletion is a calculation where a borrower's liquid assets determine a qualifying monthly income and loan amount.

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We do not pull your credit to provide you with a proposed rate and term. Call or text us at 407-300-2558

Florida’s Top Rated Mortgage Lender I We are Not Brokers

1st Florida Lending

Over 48 Programs I No Brokers Fees I No Lender Fees

For Loan Inquires Call 800-856-7097 or 800-655-1345