Florida Investor Loan
Florida Investor
Florida Real Estate Loan
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Investors' are coming to Florida in full force to take advantage of the housing bottom in the Real Estate Market. According to The Harvard Joint Center for Housing Studies Florida has had extreme equity loss due to foreclosures, short sales, a glut of houses on the market, and buyers waiting for the bottom. Florida is seeing a Market Bottom and Values Abound. Rehab loans are available through government programs, but most important is... Now property owners and would-be buyers can take advantage of the enormous investment opportunities that exist in the Florida real estate market today. Florida Investment property is also known as Income Property, Rental Property or Non-Owner Occupied Loans, our Conforming Investment Property Mortgages are available for 1-4 unit residential dwellings. If your Whether your purpose is to rent for cash flow or speculate for appreciation, you should be prepared to put at least 20% down! Currently, there is not mortgage insurance available for Non-owner occupied mortgages as well as second home mortgages. Investor property mortgages carry higher interest rates than your primary housing rates.
Government backed loans now allow investors to resell or "flip" a property within 90 Days of purchase. In order to sell for more than the original purchase price, it is important to keep all receipts in order to justify the increased sells price. A property with an increased sells price should show property improvements. If the purchase is with cash there is no limit for days before a resale.
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Member of The National Association of Mortgage Brokers
*Licensed Correspondent Lender in the State of Florida
Licensed Mortgage Broker in the State of Florida
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