We are proud of the various charities that our company and team members support !
Aside from our companies contributions. We encourage team members to donate there time and money to charities of their choice to support the less fortunate
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 !
WELCOME TO OUR WEBSITEWelcome to Florida’s Direct Lenders / 1st Florida Lending Corp., Established since 2007 specializing in residential, investment and commercial mortgages. We offer the largest selection of Mortgage Programs in the State of Florida with over 45 and counting with hundreds of matrixes, managed by highly skilled licensed multilingual (English, Spanish & Portuguese) loan officers and staff who know what it takes to get your loan through underwriting quickly and efficiently to meet a borrower’s budget and expectations. “The business model to our company’s success was simple! Never treat borrowers as just another number, but a real person, with real mortgage needs and be willing to roll up your sleeves to get even the most challenging loans approved no matter how complex. “ Carlos Mato’ s - Chairman
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
For Self-Employed, DBA’s, Sole Proprietors, Corporations, 1099 Independent Contractors and W-2 Wage Earners
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”
ITIN TAX ID LOAN PROGRAM FOR FOREIGN NATIONALS
Let Us Make Your Dream Home AReality
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
WhenBanksSayNo!WeSayYes!We are happy to report that 40% of our business is turn downs from other Banks and Lenders.
FAMILYReadyMortgage Loan Program
If you answered YES! To any of the six options above? Then your ready for a FAMILYReady Home Mortgage!
WHAT ARE THE RATES?Rates start in the Mid 3’sMAXIMUM LTV: FHA - 96.5% LTV / Conventional - 97% LTV RESTRICTIONS? Musthavea640+MiddleCreditScore•Nocredit mortgage events within 7 years • No late payments within 24 Months • No student loans • No outstanding liens •Noactivelitigation•RushorderappraisalrequiredARE YOU READY TO START THE CLEAR-TO-CLOSE COUNTDOWN CLOCK?
DISCLAIMER: Our fast track closing service is for Conventional and FHA Conforming Loans only. The start date begins when we actually receive your documentation in .pdfformatwithout any errors and/or omissions.
Full Doc Program Guidelines•Maximum loan amount $5,000,000•up to 95% LTV / Rates starting in the 3's•No MI & Pre- Payment Penalty •Foreclosure 7 Yrs / Bankruptcy 4 yrs / SS 4yrs
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
When Banks Say NO! We Say YES!
Self-Employed - 24 month Bank Statement •Maximum loan amount $3,000,000•up to 90% LTV / Rates starting in the 4's•No MI & Pre- Payment Penalty•Foreclosure, Bankruptcy or Short Sale 24 months or 48 months if multiple events.
Ask us about our appraisal refunds (up to $1,500 at time of closing)
SELF-EMPLOYED 12 AND 24 MONTHS BANK STATEMENT LOANS
Starting in the 5’s
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 (90% LTV may be available on a case-by-case evaluation)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