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 !
NO DOCUMENTATION LOANS
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. Bank Statement Loans 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”
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
FAMILYReadyMortgage Loan Program
If you answered YES! To any of the six options above? Then your ready for a FAMILYReady Home Mortgage!
At 1st Florida Lending Corp, we have been closing Commercial Real Estate loans in Florida since 2007 offering fast funding by seasoned professionals. We offer a full range of commercial real estate loan programs including Full Doc Loans, Self-Employed loans, No-Doc Loans and Stated Income Loans to make your commercial real estate financing easy for any FICO score to fit almost any property type and financial situation.
Unlike most lenders, we offer over 48 loans programs and are willing to roll up our sleeves to get even the most challenging loans approved no matter how complex. More importantly, our team of professional will always treat you with respect, professionalism offering excellent customer service. Our daily goal is to deliver expedited loan approvals and closings to meet with your expected time-lines.
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.
FOREIGN NATIONAL LOAN PROGRAMS - VERY LOW RATES
Here are 6 Reasons to Own1. Build Equity 2. Tax Deduction Savings 3. Stabilize Monthly Payments 4. Maintenance Choices5. No Pet Restrictions 6. Gain Sense of Communitythese are just to name a few..
WHY RENT ? WHEN YOU CAN OWN ?Discover the path to owning the home of your dreams
Most home buyers with all of there ducks in a row, it’s not far fetched to assume that you’re good-to-go with getting a conventional mortgage loan that conforms to all of today’s lending standards and guidelines. Think again. Many times once we review a borrowers credit history and financials. They could actually be a candidate for a non-conforming loanand don’t even realize it. More importantly, there is a significant differences between a conforming and non-conforming loan. If you are a prospective home buyer and curious about whether they would qualify for a conforming or non-conforming loan. Let us help guide them to shed some light on this sometimes confusing and complicated mortgage term.
How can an ITIN Tax ID Loan Help You? Breaking Down Barriers to Home ownership for non-us citizens who live and work in the USA. 1st Florida Lending offers an affordable ITIN mortgage lending program that allows potential home owners with an ITIN instead of a Social Security number to purchase a home of their own. CLICK HERE TO LEARN MORE
We offer over 48 loan programs in every county in the State of Florida as follows; Alachua County,Baker County,Bay County,Bradford County,Brevard County,Broward County,Calhoun County,Charlotte County,Citrus County,Clay County,Collier County,Columbia County,DeSoto County,Dixie County,Duval County,Escambia County,Flagler County,Franklin County,Gadsden County,Gilchrist County,Glades County,Gulf County,Hamilton County,Hardee County,Hendry County,Hernando County,Highlands County,Hillsborough County,Holmes County,Indian River County,Jackson County,Jefferson County,Lafayette County,Lake County,Lee County,Leon County,Levy County,Liberty County,Madison County,Manatee County,Marion County,Martin County,Miami-Dade County,Monroe County,Nassau County,Okaloosa County,Okeechobee County,Orange County,Osceola County,Palm Beach County,Pasco County,Pinellas County,Polk County,Putnam County,Santa Rosa County,Sarasota County,Seminole County,St. Johns County,St. Lucie County,Sumter County,Suwannee County,Taylor County,Union County,Volusia County,Wakulla County,Walton County,Washington County
Our programs offer non-citizen residents who have the qualifications, resources, and motivation to purchase a second home, vacation home or investment property in the United States have helped propel domestic real estate markets in tough times. We offer several different Foreign National Lending Programs designed to put home ownership in reach for qualified non-citizen seeking to put down roots in the United States. Our proprietary program offers flexibility, fewer restrictions and our signature stability and service that sets us apart from other lenders. STARTING RATES AT 4.85 %
Buying a home in today’s market can be competitive. The question is how can you stand out from the crowd of other home buyers?
More importantly. What if you could be fully approved before selecting a home? Well now they can with our new program called Get Fully Approved – Before you Move Program! This is not a pre-qualification or pre-approval. But rather a fully underwritten loan approval in your hand and ready to go! Get Fully Approved – Before you Move Program! Allows home buyers to shop for a home having the confidence to make an offer knowing that your loan has already been fully approved by underwriting. With this in hand will position home buyers far ahead of the crowd of competing home buyers for the sellers consideration to close the deal. All that is needed once a home is selected is the property address, followed by the executed contract and certified appraisal to clear the final conditions and receive a clear-to-close.
A Key Advantage! We offer Home Mortgage Loans if you are 1 day out of Bankruptcy, Foreclosure, or a Short Sale!Program Highlights:•Loans up to $1 million (minimum $150,000)•Credit scores down to 500•Up to 90% LTV•Rates starting in the low 5’s•DTI up to 50% considered•Owner-occupied, 2nd homes, and investment properties•Non-warrantable condominiums considered•Jumbo loans down to 500 score•5/1 ARM, 7/1 ARM or 30-year fixed•No pre-payment penalty for owner-occupied and 2nd homes•No active tradelines OK with housing history•SFRs, townhomes, Condos, 2-4 units•Seller concessions to up 6% (2% for investment)
1st Florida Lending Corp is leading the way with Mortgage Solutions for Recent Housing Events through responsible lending tapping into a significant pool of eligible non-qualifying borrowers.
Explosive growth in the Vacation rental industry is expected to continue in 2018!Explosive growth in the Vacation rental industry is expected to continue in 2018. Fortunately, as the demand for vacation rental investments has risen, so has the availability of rental property financing. In fact, in some cases it is easier to obtain financing for a vacation rental than a primary residence or second homeHighlights:•Homes treated as Non-Owner, Stated or DSCR Available•Up to 75% LTV on Purchase•Up to 70% LTV on Cash Out or Refi•Up to $3,000,000 loan amount•500 FICO or below Okay•Non-Prime, ODF or NOO Business Purpose program available•All income programs including Bank Statements and ATR-in-Full available•Stated income or DSCR via a remittance statement for income accepted Not Required:•Evidence that short-term rental is legal in subject property's jurisdiction•Evidence of registrations, licenses, permits and business tax certificates•Evidence owner registered and paid any transient occupancy taxes•Evidence of commercial liability insurance.