PUERTO RICO BORROWERSWE OFFER FHA, USDA, AND CONVENTIONAL LOANS FOR PUERTO RICO BORROWERS WHO LIVE, WORK AND FILE TAX RETURNS IN PUERTO RICO WITH 3.5% DOWN PAYMENT!Min 550 FICO to qualify96.5% LTV (3.5% Down Payment)We Accept Your Hacienda Tax Returns15, 20 & 30 YR Fixed Terms + (5/1 & 7/1 ARM Available)No Minimum Tradelines IN ENGLISH Our Loan Pre-Approval Application is for those borrowers who live and/or work in Puerto Rico and would like to be pre-approved with a qualifying amount, rate and down payment that collectively meets with their expectations and budget before making a full commitment to move forward. Once the loan pre-approval application is submitted, one of our professional loan specialist assigned to your account will contact you to review your credit history and last two years (hacienda) tax returns. Once you are pre-approved and agree with the terms. We will issue you signed pre-approval letter and initiate the final underwriting approval process. EN ESPANOL Nuestra solicitud de préstamo Pre-aprobación es para los prestatarios que viven y / o trabajan en Puerto Rico y me gustaría ser pre-aprobado con una cantidad de calificación, la tasa y el pago inicial que satisface colectivamente con sus expectativas y presupuesto antes de hacer un compromiso total con avanzar. Una vez que se presente la solicitud de pre-aprobación del préstamo, uno de nuestros especialistas de préstamo profesional asignado a su cuenta se comunicará con usted para revisar su historial de crédito y dos últimos años devoluciones (hacienda) de impuestos. Una vez que esté pre-aprobado y estoy de acuerdo con los términos. Publicaremos usted firmó carta de aprobación previa e iniciar el proceso de aprobación de la suscripción final
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.
STATED INCOME OWNER OCCUPIED LOANS
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 560 is OK•Disabled Veterans pay no Property Tax in Florida
We are Approved VA Lenders !
NO DOCUMENTATION LOANS
NO CREDIT, NO BANK STATEMENTS, NO FINANCIALS... NOTHING!
PURCHASE YOUR HOME WITH JUST 1% DOWN
550 FICO VA LOAN PROGRAM
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
“We offer programs with 1 day out of a recent mortgage events like Bankruptcy, Foreclosure and Short Sale”
Use Cash-on-hand (no seasoning required) for Down PaymentUse Family Income as Non-Occupant Co-Borrowers to QualifyUse Current Household Members Income to Qualify - Not on Note!Use Boarder/Room Mate to help QualifyUse Spare Room Rental Income to QualifyMinimum 620 Credit Score to Qualify
Flexible Options with FAMILYReady Home Mortgage
FAMILYReadyMortgage Loan Program
If you answered YES! To any of the six options above? Then your ready for a FAMILYReady Home Mortgage!
At 1st Florida Lending Corp, we have been closing Commercial Real Estate loans in Florida since 2007 offering fast funding by seasoned professionals. We offer a full range of commercial real estate loan programs including Full Doc Loans, Self-Employed loans, No-Doc Loans and Stated Income Loans to make your commercial real estate financing easy for any FICO score to fit almost any property type and financial situation.
Simply State your Income and Verify Self-Employment for two years - With No Income Verification!Unlike our Stated Income / Non-Owner Occupied Property Loans or No-Doc Loans which are available to any borrower willing to provide evidence of funds-to-close, is restricted to investment and rental properties. Our Stated-Income Loan Program is for "OWNER-OCCUPIED PROPERTIES" being the “KEY WORD”, and only available to Self-Employed Borrowers who have established a good credit history
Full Doc using Income from Tax Returns•Maximum loan amount $7,000,000•Attractive LTV’s on Purchases & Refi’s•No MI & Pre- Payment Penalty
Changing tax status from W-2 to 1099 self-employed There generally is a 12 month waiting period after you change your tax status from wage earner (W-2) to independent Contractor (1099) or New Business owner. However, there are exceptions in lowering the waiting period which is considered on a case by case basis
We pay your closing cost on both purchase and refinance Our Lender Credit Program that offers borrowers lender credits that can be used to pay their upfront closing costs! The Lender Credit Program has saved borrowers thousands in upfront fees and may be all they need to obtain a mortgage for their new home. Min 620 fico
Self-Employed - 12 -24 month Bank Statements •Maximum loan amount $5,000,000•Attractive LTV’s on Purchases & Refi’s•No MI & Pre- Payment Penalty
With our no-documentation loans, there is no employment or income verification needed to qualify. Only an appraisal, source of funds to close, reserves and a credit report depending on which plan you select is required with closing time lines ranges between 10 to 14 days but never exceed 20 days.
Many people confuse the Foreign National Programs with the ITIN loan program. It is important to identify the ITIN borrower using the following explanation:•ITIN borrowers are living in the United States but unable to document their legal status.•ITIN borrowers have filed and obtained an ITIN number which is similar to a Social Security #.•ITIN borrowers will need a valid State issued ID & Passport •ITIN borrowers will need to establish a bank account before your loan is closed.•ITIN borrowers have been filing tax returns for a minimum of 2 yrs using the IRS issued ITIN #. No overseas income allowed.We are offer ITIN loan program with the following:Loan Amounts to $600,000.00Up to 80% LTV with traditional credit and 620+ Fico Score Up to 75% LTV with non-traditional credit and No Fico Score *FR, PUD, Townhouse, Condo (Warrantable only)Purchase and R/T RefinanceOwner Occupied Only5% down payment from borrower - additional funds can be gift from familyMinimum Loan Amount is $150KNon-traditional credit and No Fico Score. If you have not established a credit score with 3 or more trade-lines, you can establish a 620 score by providing us with 12 months of on-time payments for 3 alternative sources (rent, utilities, cell, insurance, etc.) This is approved on a case-by-case basis
APPLY FOR ANY TYPE OF LOAN USING OUR LOAN MATCH WIZARD APPLICATIONHow Does it Work? The Loan Match Wizard allows us to provide you with a specific loan program type that fits your scenario based on the information provided followed by quote with low rates and takes less than 2 minutes to complete. No Obligation to obtian a quote and we Do Not Pull your Credit !
Explosive growth in the Vacation rental industry is expected to continue in 2018!Explosive growth in the Vacation rental industry is expected to continue in 2018. Fortunately, as the demand for vacation rental investments has risen, so has the availability of rental property financing. In fact, in some cases it is easier to obtain financing for a vacation rental than a primary residence or second homeHighlights:•Homes treated as Non-Owner, Stated or DSCR Available•Up to 75% LTV on Purchase•Up to 70% LTV on Cash Out or Refi•Up to $3,000,000 loan amount•500 FICO or below Okay•Non-Prime, ODF or NOO Business Purpose program available•All income programs including Bank Statements and ATR-in-Full available•Stated income or DSCR via a remittance statement for income accepted Not Required:•Evidence that short-term rental is legal in subject property's jurisdiction•Evidence of registrations, licenses, permits and business tax certificates•Evidence owner registered and paid any transient occupancy taxes•Evidence of commercial liability insurance.
Why a Bank Statement Loan? With over 14 programs our Bank Statement Loan programs 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
“We offer programs with 1 day out of a recent mortgage events like Bankruptcy, Foreclosure and Short Sale”
No Income Doc Loans allows borrowers to qualify based on the appraised property value only and does not rely on the creditworthiness of the borrower. Instead, we look to the value of the property and make sure that if the borrower defaults, there will be sufficient equity in the property over and above the amount of the loan.
Bank Statement Loans allows business owners and/or self-employed contractors to purchase or refinance regardless of what you make for income. The system of tax write-offs that make your job profitable keeps holding you back from buying a home. Simply stated we qualify you based on your total annual deposits
An FHA Direct Loan Low allows down-payment options starting at 3.5%. Flexible qualifications guidelines with high than average DTI ratios. Low interest rates. Attractive refinance options with high loan amounts. FHA loans bring home ownership within reach even for those with FICO score as low as 550 with 10% down.
With a New VA Mortgage you can obtain 100% financing with competitive interest rates and favorable loan terms. At Zero 0% down payment our VA loan programs can help eligible veterans and active duty service members become homeowners and provide refinance options with Fico score as low as 550.
Browse a few of our Dedicated Loan Program Websites
Our ITIN Mortgage Loans helped thousands of employed and/or self-employed Non-US citizen undocumented immigrant families living and working throughout the State of Florida to realize their dream of home ownership. Whether you are a first time homebuyer, refinancing your existing home or relocating.
Florida’s Top Rated Mortgage Lender I We are Not Brokers