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Carlos Matos I Florida Direct Lenders
1st Florida Lending
Self-Employed Mortgage Loans
Carlos Matos CEO &FOUNDER Aside from the Military outreach programs that we proudly support. 
Florida’s Top Rated Direct Mortgage Lender with A+ BBB Rating We Offer More Than 48 Loan Programs 800-655-1345 I Call or Text us at 407-300-2558
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Investment Property Loans Obtaining an Investment Property Loan can help take your real estate investing needs to the next level. Investment property loans typically have a higher barrier of entry and have higher interest rates. Of all kinds of residential rental properties, the single-family home offers the lowest interest rate. An investment property loan will help you purchase a home that you can then use to rent out, flip of sell for profit. Investment property loans typically have a higher barrier of entry and have higher interest rates. Of all kinds of residential rental properties, the single-family home offers the lowest interest rate. No Income or Employment Verification to Purchase or Refinance an Investment Property At 1st Florida Lending we offer Alternative Options to Qualify for Investor Loans for Single Family Properties, Multiple-Family, Condos both Warrantable and Non-Warrantable Purchases, Rate & Term Refinance and Cash-Out Refinance We offer long-term or a short-term programs tailored to your budget and needs. Investors and Rental Properties Mortgage requirements are different from that of a primary home buyer. At 1st Florida Lending we understand investment financing and make it easy to obtain funding using different sources of income. Cash-Out Refinance We offer long-term or a short-term programs tailored to your budget and needs. Investors and Rental Properties Mortgage requirements are different from that of a primary home buyer. At 1st Florida Lending we understand investment financing and make it easy to obtain funding using different sources of income. Please review some of the options listed below Program Summary You can Purchase, Refinance or Cash-out Refinance your Investment Property with No Income or Employment Verification. We qualify your loan based on the current rental income or in the event their is no rental income. We rely on the Appraisers estimated rental income for that area. Now anyone can purchase or refinance rental investment property! Highlights • 85% LTV for Purchase / Rate and Term Refi • $150,000 up to $5 Million Loan Amount • Up to 80% LTV Cash Out Refi • No Ratios to 80% LTV • Down to 620 Credit Score • Single Family Residential,Multi-Family, Condos and Townhouses • Non-Warrantable Condos - OK • Investment Properties Only • No Limit on Financed Properties • Gift Funds Allowed • Low rates  What is the Difference in Rates Between a Conventional Mortgage and Investment Property Mortgage? Conventional loan rates are generally 1 to 3 points higher than an investment property loan rate depending on credit score, experience, if your using income or no income to qualify, property type and size of the loan A non-owner-occupied conventional loan for an investment property of 75% of the lower of appraised value or the purchase price is the most often available loan from the majority of lending institutions, but Fannie Mae and Freddie Mac will make financing available up to the 80% loan-to-value level. 1st Florida Lending offers investment property loans for those buying or refinancing rental properties and second homes, whether it is a: • Single-family home • Condominium • Planned unit development (PUD) • Multi-family, 1-4 unit dwelling What is the Minimum Down Payment for an Investment Property Loan? Mortgage insurance is not available for investment properties, investment purchase loans usually require a minimum 15% to 20% down payment. How much cash that translates into depends on the value of the property you’re trying to buy. Can You Get an FHA Loan for an Investment Property? No! Just like with VA, FHA loans are intended for buyers of a primary residence. The borrower must live in the home for the majority of the year. After one year of ownership, you may be able to move out and rent the home if you need to move or the house becomes too small. After that point the owner may rent out the home. Also like a VA loan, an FHA loan can be applied to a property with up to four units. As long as you live in one of them, the other three can be rented out. Other Loan Options for Investors We also offer alternative lending for experienced and inexperienced real estate investors based no-income verification allowing you to qualify based on your property’s cash flow and not your income. It is an easy way to expand your real estate holdings because it allows us to determine your ability make payments without needing your income. 1st Florida Lending is a leading direct mortgage lender and not a retail broker. When you work with us, you get assistance personalized to you from extremely knowledgeable loan officers who will secure you a loan at a competitive rate as well as transparent throughout the lending process providing you with excellent customer service. As Florida’s real estate market continues to explode, more and more investors are capitalizing on low entry real estate purchases. Obtaining capital from a traditional bank will only get you so far. As a private money lender, 1st Florida Lending can open up your opportunity to invest in more Florida rental properties. Investors and Rental Properties 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. HIGHLIGHTS • No income or Job verification • Non-Owner Occupied Only • Single Family Residential,Multi-family up to Units,Condos,Townhouses,Condotels and Non-Warrantable Condos • Terms: 30-Year Amortized & Term - 5/1 or 7/1 ARM or 30-Yr Fixed • Minimum Loan amount $150,000 up to $2M • 15% to 20% Down Payment Investment Vacation Rental Property • Beach or ski rentals can yield the equivalent of a month’s long-term rent in a week. • Vacation rental services can supplement and even a few nights a month can add up to the mortgage being covered • You can use when you wish College Investment Property • Almost always a demand • High rents because college-owned competition charges top dollar • Rental market is calculated with each individual tenant’s share compared against dorm or college-owned apartment rates (as opposed to one rate for entire property) • The area markets itself • You can have property do double duty if you buy where your children plan to attend school • Rent short term during summer or off season for orientation, summer school, sports competitions, etc. Long-term Investment Property • Steady tenants, sometimes for years, allow you to know and trust who is caring for your home and build equity • Low turnover can help you anticipate repairs (tenants have proven they won’t damage property, but regular upkeep will still be necessary) • It can be a “passive investment.” If management company is utilized, it can handle all leasing, tenant interactions and repairs. • Track market and sell when it’s most advantageous Find Out If You Qualify for an Investment Property Loan If you feel like it is time to take the next step and increase your holdings, it may be time to see if you qualify for an investment property loan. 1st Florida Lending is a trusted, direct leading, with a professional, customer-focused staff based out of Orlando Florida and currently serving every county in Florida Advantages of Getting an Investment Property Loan with 1st Florida Lending Owning an investment property lets your money work for you. It provides extra income, diversifies your portfolio, increases your net worth, and provides extra insurance against shocks in the market. Whether you are financing a single asset for buy and hold or looking to refinance a portfolio of real estate assets, 1st Florida Lending can help. 1st Florida Lending has experience working with real estate investors throughout the state of Florida. REAL ESTATE AND INVESTMENT PROPERTY LOANS
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