Lenders
for your Florida
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Florida Purchase Mortgage
Florida Purchase Home Loan
Florida Purchase
Florida Purchase Mortgage
Florida Purchase Home Loan
Florida Purchase
FloridaLoan.net has the Mortgage for
Florida Home Buyers to buy your Florida Home!!
Florida Mortgage for Florida Purchase. We Welcome 1st Time Home Buyers!
Low and No Down Payment Financing Options!
Seller contributions to closing cost
up to 6% towards your Florida Home Loan purchase!
1000's of Florida Home Listings!
What do I need to purchase a Florida house as my primary home?
You will need:
2 years of work history in the same or similar line of work
Income great enough to handle the monthly payment
Assets, enough to pay down payment and closing cost
Reserve assets equal to at least 2 months of payments
Credit score of at least 620
How can I use the $8000 credit as my cash to close?
Yes. You need to contact your local county or city authority to secure the 1st time home owners credit "loan". Each area has money alloted
to them in order to provide "loans" for buyers who want to use the
credit as cash to close. Some communities received more money than
others. Remember, this is a "credit" to be taken on your tax return.
Go To Florida Housing Finance Corporation for full details.
To find a local Government office go to: SHIP County Offices
How much do I need as a down payment for my Florida loan?
FHA Mortgage: 3.5%
VA Mortgage: 0%
USHUD Mortgage: $100.
2nd Home orInvestor Home Loan: 20% (min)
USDA Loan: 0%
Jumbo and Super Jumbo Loan: 20%
What if my score is not 620?
Bad scores are not permanent if you start working on your credit. Check
out our credit solutions to get into a house in a short time.
Bad Credit Loan
GET PRE-APPROVED for your Florida Purchase Mortgage with a Florida Mortgage Lender now!!
Florida Home Listings
Florida Home Listings
Important Questions
What is the difference between "pre-qualified" and "pre-approved"?
If you are "pre-qualified" you have determined, with a loan officer, what price you can afford based on the down payment, your debts and the amount the Florida mortgage company will approve for your Florida mortgage. Being "pre-qualified" is only a determination of your probable credit. If you are "pre-approved", your credit, employment and funds have been approved by the Florida Lender.
What are closing costs?
Closing costs are an accumulation of charges paid to different entities associated with the buying and selling of real estate. For buyers, they are usually about 4-6% of the total sales price of a property. Some of the closing costs you might encounter are: application fees, appraisal fee, county taxes, credit report, processing fees, underwriting, fees, closing agent fees, discount points, documentation fee, escrow fees, homeowners' association fees, loan fees, home owners insurance (1st year paid in advance), mortgage insurance, origination fees, tax registration and title insurance premium.
What is a point?
One point is equal to 1% of the new loan amount. Whenever government regulation, state usury laws and/or competitive practices prohibit the lender from charging a rate of interest that would make the real estate loan competitive with other fields of investments, the lender must seek some method of increasing the yield for the investors. By charging "points", the lender can bring the real estate loan up to those other investments.
What is earnest money?
When you make an offer, you will need to put up an earnest money deposit as a sign of good faith that you are seriously interested in buying a home. That deposit becomes a part of the purchase price and is held in a trust account until there is full acceptance of the offer. Typically, an earnest money is 3-5% of the offer amount.
What is title insurance?
Title insurance protects the named insured against loss because of defects, liens, encumbrances, adverse claims or other matters not shown or disclosed to the new owner that attach before date of policy.
Is VA or FHA financing unfair to sellers?
FHA and VA loans provide purchasers the opportunity to buy homes with minimal cash investment and at lower interest rates. The result is a larger market for sellers, who also benefit by receiving all cash for their equity.
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Our Popular Florida Purchase Loan Programs Include:
Interest Only
Seller Contributions to Closing Cost
No Documentation Loans
Jumbo Florida Loans to $20,000,000.
Much, Much, more!
Florida Home Listings
GET PRE-APPROVED for your Florida Purchase Mortgage with a Florida Mortgage Lender now!!
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Florida Purchase Mortgage Loan Advantages of Home Ownership:
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Credit:
Owning a home helps you establish financial credibility.
Independence:
Owning your own home provides you with independence and more privacy than renting. You are free to paint walls, plant flowers, keep pets and anything else within legal bounds.
Investment:
As you make more payments and own more of your home, you add to its investment value. Most improvements you make will also add to its value.
Pride:
A home reflects its owner's values and lifestyle. Owning a home can provide you with a source of pride, enjoyment and satisfaction.
Security:
A home can provide security against inflation because the value of your home increases as prices go up.
Stability:
Being established in a community provides a sense of belonging, stability and security.
Tax Advantages:
Interest on your mortgage loan is deductible on your yearly personal income tax return. Many of the closing costs associated with purchasing your home are deductible, as are your property taxes.
The Process The Florida Home Purchase
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7 Offer Accepted
8 Florida Home Loan Application
9 Inspections
10 Title Search
11 Appraisal
12 Florida Home Loan Approval
13 Closing Papers Signed
14 Documents Recorded
15 Funds Available To Seller
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How To Find A Florida Home
Real Estate Agents You can sit down with a real estate agent and discuss your needs, type of area, style of home, amenities and everything you really want in your next home. Real estate agents can help you by accessing a Listing Service which covers all properties listed for sale within a specific area. Together, you can select the homes you would like to see, set appointments and preview homes in a short period of time. An agent can guide you through the entire process.
Newspaper Ads/Internet Many people go through the real estate classified section or browse the Internet to find a home that appeals to them. However, your real estate agent will have many listings available that may not appear in the newspaper or Internet on a continuous basis. New listings come on the market daily.
Multiple Listing Service Your real estate agent should have access to the multiple listing service if it is available in your area. It usually includes the following details about homes and properties for sale:
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Location
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Price
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Photograph
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Utilities
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Amenities
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Annual property tax
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Hazard Insurance premium
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Is Flood Insurance Required
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Is there a Home Owners Association
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Current financing (when assumable)
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Listing company
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When Previewing A Home
Write notes when previewing a home so you will be able to discuss the details later with your real estate agent. -
Ask questions about the home and discuss any objections or concerns you may have.
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Ask about the community - schools, shopping and transportation.
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Ask specific questions about the construction of the home; electrical, plumbing, heating, cooling systems, etc.
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Have Fun Relax. Finding your new home can be a rewarding experience. Have a good time and enjoy the process.
Important Features of your future Florida Home To Consider
Check For Properly Working:
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Bathroom Sinks, Showers/tubs, Toilets, Vent, fan, Heating fan |
AppliancesDishwasher, Stove, Oven, Ice maker, Garbage disposal, Range hood, Refrigerator, Freeze,r Microwave, Trash compactor |
| Kitchen Appliances/Fixtures: Kitchen cabinet doors Drawers Sinks | General Lights (interior & exterior), Windows, Heating system, Ceiling fans, Hot water system, Air conditioning system, Electrical outlets, Door bells, Doors, Water purifier, Fireplace damper, Garage door |
| Ensure House Is Well-Built & Systems Are In Working Condition: Exterior Brick bulging or cracking Shingles missing or broken Siding rotted or missing Gutters damaged or need to be cleaned Concrete cracked in sidewalks/driveway | Basement Water seepage in basement, Cracks in foundation, Poor ventilation, Interior Sub-flooring damaged or loose Cracked walls, or ceiling Cracked tiles, Loose plaster, Flooring damaged, Soft, springy floors, Water stains near windows, Water stains on ceiling below bathroom, Water stains in attic, Pipe insulation, missing |
Property Evaluation Form - Print this form and use it to rate different features of each property you view .
GET PRE-APPROVED for your Florida Purchase Mortgage with a Florida Mortgage Lender now!!
Member of Florida Mortgage Professionals Association
Member of The National Association of Mortgage Brokers
*Licensed Correspondent Lender in the State of Florida
Licensed Mortgage Broker in the State of Florida
Registered Better Business Bureau of South Florida