FLORIDA and ALABAMA DIRECT CONVENTIONAL LOANS
This loan has a 620 minimum Mortgage FICO Score.
When putting 3% down you get a reduced private mortgage insurance rate. For Incomes less than 80% Area Median Income – Primary home only.
For incomes on loan application less than 50% of the area median income. – Primary home only. Get $2500 in closing cost assistance.
For income on loan application less than 80% of the area median income. – Primary home only. Get $1250 in closing cost assistance.
With 20% down no mortgage insurance.
For Duplex – 15% Down.
For Triplex and Quadplex – 25% Down.
Conventional Loans DPA (Down Payment Assistance).
*Available to buyers who’s qualifying income is 80% or less than the Area Median Income for the property address. – 3% given to meet minimum down-payment requirement
*This Down-payment assistance is in the form of a subordinate soft second lien with a 0.00% interest rate. With a 5-year term, forgiven at month 61. Buyers(s) must remain current on their mortgage for the second mortgage to be forgiven.
*This may be combined with up to 3% seller concessions for prepaids and closing costs.
*This loan Conventional Loan has a Minimum FICO of 620
*Verification of rental history for previous 12 months required.
*Must receive automated underwriting system approval.
*For property types Single family, Townhome or Manufactured Home. (with permanent backing on skirting required) eligible.
*Designed for Conventional First time home buyers and repeat buyers allowed.
*Credit Smart Online Consulting Course required. Login (freddiemaclearning.com)
*Additional financial standards apply. Must show buyers have met stability of employment and income. By managing their finances and savings to a budget that exhibits responsible repayment patterns and a satisfactory credit history.
FLORIDA MORTGAGE BROKER/LENDER SPECIALIST. SERVICE SPECIALIZED LOCATIONS CONVENTIONAL LOANS.
FLORIDA CONVENTIONAL LOANS Pensacola beach Fl, Milton Fl, Perdido Key Fl, Gulf Breeze Fl, Navarre Beach Fl, Ft Walton Beach Fl, Destin Fl, 30A Fl, DeFuniak Fl, Freeport Fl, Miramar Beach Fl, Panama City beach Fl, Mexico Beach Fl, Port St Joe Fl, Cape San Blas Fl, St George Island Fl, Carrabelle Fl, High Springs Fl, Gainesville Fl, Clearwater Beach Fl, Indian Rocks Beach Fl, Indian Shores Fl, North Redington Beach Fl, Maderia Beach Fl, Treasure Island Fl, Tampa Fl, Lakeland Fl, St Petersburg Fl, St Pete Beach Fl, Palm Harbor Fl, Longboat Key Fl, Venice Fl, North Point Fl, Bradenton Fl, Sarasota Fl, Port Charlotte Fl, Fort Myers Fl, Lehigh Acres Fl, Punta Gorda Fl, Bonita Springs Fl, Naples Fl, Marco Island Fl, Miami Fl, Key Largo Fl, Tavernier Fl, Islamorada Fl, Marathon Fl, Coral Gables Fl, Sunrise Fl, Hollywood Fl, Fort Lauderdale Fl, Pompano Beach Fl, Hialeah Fl, Miramar Fl, Coral Springs, Boca Raton Fl, Delray Beach Fl, Boynton Beach Fl, West Palm Beach Fl, Palm Beach Shores Fl, Riviera Beach Fl, Jupiter Fl Port Saint Lucie Fl, Vero Beach Fl, Melbourne Fl, Jensen Beach Fl, Indian River Shores Fl, Sebastian Fl, Satellite Beach Fl, Cape Canaveral Fl, Cocoa Beach Fl, Port St John Fl, Fort Pierce Fl, Merritt Island Fl, Clermont Fl, Orlando Fl, Winter Haven Fl, Poinciana Fl, Kissimmee Fl, Sanford Fl, Deltona Fl, New Smyrna Beach Fl, Daytona Beach Fl, Ormond Beach Fl, Palm Coast Fl, Palatka Fl, St Augustine Fl, Jacksonville Beach Fl, Fernandina Beach Fl, The villages Fl, Tallahassee Fl. CONVENTIONAL MORTGAGE LOANS for the whole state of FLORIDA. We are the CONVENTIONAL HOME LOANS specialist for Florida
ALABAMA MORTGAGE BROKER/LENDER SPECIALIST. SERVICE SPECIALIZED LOCATIONS CONVENTIONAL LOANS.
ALABAMA CONVENTIONAL LOANS Gulf Shores AL, Orange Beach AL, Foley AL, Fort Morgan AL, Dauphin Island Al, Fairhope AL, Daphne AL, Spanish Fort AL, Dothan Al, Montgomery Al, Auburn Al, Clanton Al, Alabaster Al, Prattville Al, Trussville Al, Phenix City Al, Columbus Al, Tuscaloosa Al, Birmingham Al, Huntsville Al, Decatur Al, Guntersville Al, CONVENTIONAL MORTGAGE LOANS for the whole state of ALABAMA. We are the CONVETIONAL HOME LOANS specialist for ALABAMA.