Over 45 + Loan Programs - When bank say NO - We say YES ! Credit Score  LENDING 0
                              Features   80% LTV  with 600 credit score  Min 100,000 - $1M Max Loan Interest only options available
1st Florida Lending
12-Month Bank Statement FICO 680 +
EVENTVANTAGEtm  LOAN PROGRAM With our new EventVantage Loan Program is for those borrowers who have re-established their credit after a Foreclosure, Bankruptcy, Short Sale or Deed-in-Lieu with rates starting in the Mid  5’s with minimum requirements! HIGHLIGHTS Income Documentation                    >Last 2 years returns/W-2 (or) 24- Month Bank Statements for self-employed Loan Terms                    >30-Year Amortized & Term - 7/1 Hybrid ARM or 30-Yr Fixed                    >All loans require reserves for Taxes & Insurance                    >No Prepayment Penalty - No PMI                    Occupancy                    >Owner Occupied Only                    Loan Amounts                    >$150,000 Minimum to $2,000,000 Maximum >Loan Amounts $1.0M to $2.0M Require Senior Management Approval                >Loan Amounts Greater than $1.5M require Two (2) Appraisals                    Property Types                    >SFR / Condos / Townhouse    Foreclosure, Bankruptcy, Short Sale, Deed-in-Lieu Seasoning >24 months or 48 months if multiple events Cash-Out >Maximum cash-out is $500,000 or $300,000 when loan is over $1,000,000 ==================================================================================================================== HOMEOWNERVANTAGEtm  PROGRAM       Learn how to achieve 100% financing on Conventional Loans  H We are excited to announce our new Homeowner Advantage Program offering first-time home buyers, move-up borrowers, and retires a way to achieve 100% financing with a conventional loan.  How does it work?  We start with our standard 97% LTV conventional loan program that is available for all mid-score borrowers. Then we add the ability for first-time home buyers, move-up borrowers, and retires to achieve a 100% financing by allowing them to fund the remaining 3% with gift funds. Also the seller can contribute to the closing costs!  Qualifications:  First-time homebuyers, move-up borrowers, and retires. Highlights: a) Refinances up to 97% LTV regardless of current mortgage b) No reserves required for 1-unit properties CLICK HERE TO GET PRE-APPROVED < bake to top of page ==================================================================================================================== FOREIGN NATIONAL LOAN PROGRAM “A” HIGHLIGHTS     LTV Max > 75% Foreclosure, Short Sale, Deed-in-Lieu Seasoning  >  1 Day within past 12 months: 10% LTV reduction Minimum Credit Score > N/A Max Loan Amount >  Up to  2,000,000 Maximum Rate >  8.99 Loan Type > 30-Year Fixed Bankruptcy Seasoning > 12 Months Pre-Payment Penalty > None Minimum Reserves > 12 Months Gift Funds > Not Allowed Mortgage Lates > 0x30 Rolling Mortgage Lates Permitted >  No Property Types > SFR, 2-4 Units, Townhouses, Condos, investment Non-Warrantable Condos > Yes Seller Concessions > Up to 2 % Escrows Required > Yes CLICK HERE TO GET PRE-APPROVED < bake to top of page FOREIGN NATIONAL LOAN PROGRAM  “B” HIGHLIGHTS LTV Max > 70% Foreclosure, Short Sale,Deed-in-Lieu Seasoning > None Minimum Credit Score > None Max Loan Amount > Up to  1,000,000 Loan Type > 30-Year Fixed and 7/23 Hybird ARM Bankruptcy Seasoning > None Pre-Payment Penalty > None Minimum Reserves > Taxes and Insurance only Gift Funds > Allowed with source Mortgage Lates > 0x30 Rolling Mortgage Lates Permitted > No Property Types > SFR, 2-4 Units, Townhouses, Condos Non-Warrantable Condos > Yes Seller Concessions > Up to 6 % Escrows Required > Yes CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== INVESTOR CASH FLOW LOAN  Are you looking to expand or build your real estate portfolio? We may have the solution! Our Real Estate Investor Cash Flow loan program was created to serve your real estate investment goals! Highlights Qualification based on property cash flow No personal income used to qualify Credit scores starting at 660 (Mid score of primary wage earner) Up to 70% LTV 1-4 Units and Condos (warrantable) Loans up to $1,000,000 Maximum Cash out $300,000 Min rates start in the low 7's 24 months Foreclosure, Short Sale, Deed-in-Lieu, Bankruptcy seasoning Pre-payment penalty 3 years: 4% No buy out Minimum reserves: 6 Months (2 Months for each additional property)  Gift Funds: Not allowed Mortgage Lates: 0x30 last 24 months Property Types: 1-4 Units, Condos Non-Warrantable Condos: NO Seller Concessions: up to 6% Maximum Properties Financed: 5 properties with us, No limit on total number of properties   CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== PUERTO RICO BORROWERS     We currently offer several new loan programs for your clients that live and/or work in Puerto Rico.  More specifically, borrowers who have filed tax returns in Hacienda (Puerto Rico) are eligible to purchase .  This includes borrowers on fixed incomes like social security and pensions who want to purchase a: Primary home  home 2nd home Vacation home Investment home CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== FHA with FICO’s starting at 520   We can deliver FHA loans with a low down payment to borrowers that may have been to turn away by other lenders. Highlights FICO down to 520 to get approved 560 FICO, 85% LTV, FHA Cash Out Refinance 560 FICO, 90% LTV 580 FICO, 96.5% LTV No minimum Tradelines No restrictions on gift funds Debt to income ratio by AUS Programs: 15,20,25, and 30 year fixed and 5/1 ARM Some Manufactured housing property types may be eligible First Time Home Buyers No Overlays with DU approved/eligibile Max DTI follow DU finding, 620 and above Gifts OK, must follow FHA Guidelines CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== COMMERCIAL LOANS   Highlights Loan Amounts: $250,000 to $5,000,000 Loan Purpose: Purchase, Refinance (rate/term & cash-out) Property Types: multifamily, condo warehouses, self-storage, service centers, part supplier, restaurant, medical offices, etc.. Debt Coverage Ratio: 1.20 to 1.25 LTV:  65% TO 70%  i  Fixed Period: 3 & 5 year options Minimum FICO: 650 Middle Score Pricing: Rates starting as low as 6.99% Term: 30 year fully amortizing / 30 year loan Prepayment Penalty: Equal to the fixed period The Advantage:  Simple loan docs, No loan committees, Common sense underwriting, Permanent financing, NO balloons CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== HOMEPATH LOANS    HomePath products allow a borrower to purchase a Fannie Mae-owned property with a low down payment, flexible mortgage terms, no lender- requested appraisal and no mortgage insurance.  Terms: 30yr Fixed - 15yr Fixed - 5/1 LIBOR ARM -  7/1 LIBOR ARM Highlights No lender-requested appraisal Low Down Payment 5% on primary can be funded by your own savings; gifts; grant; from non-profits, state or local government, or employer. Flexible mortgage terms Borrowers may qualify with less than perfect credit No mortgage insurance* Expanded seller contributions for closing costs. Available for primary residences, second homes and investment properties** Many condo project requirements are waived; call for details. CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== REAL ESTATE INVESTOR LOANS   1st Florida Lending is pleased to introduce unique investor loan programs that target the special needs and requirements for the serious real estate investor.  1st Florida Lending investor Loan Products offer great flexibility and business friendly features: Take cash out on existing investment properties Re-Coup up to 75% of an all cash purchase with Delayed Financing options Purchase properties with multiple income options Income sources include rental, W2 and self-employment for all transactions High-Balance ARMs okay on Purchase and Rate and Term Refinance Minimum FICO scores down to 620 on Purchase and Rate and Term Refinance Finance up to 110% with 620 credit score on HARP Attached, Detached 1-4 units, condos and PUDs available for investor programs Self-employed okay - Business assets may be used when the borrower is 100% owner of the company Fannie Mae Home Path Program available (No MI, No Appraisal, No Condo Review) Competitive interest rates (fixed and adjustable) CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== HARP 2 LOANS   If you owe more than your home is worth, then HARP 2.0 could be the program for you! You may be eligible for this program if you have an existing mortgage under Fannie Mae or Freddie Mac and you closed on the mortgage before May 31, 2009.  You must also be current on your mortgage payments with no late payments in the last 6 months. With rates at historic lows, this is the perfect time to refinance. What is the HARP Loan Program? HARP assists borrowers with mortgages backed by government- owned Fannie Mae (FNMA) or Freddie Mac, allowing them to cut their loan payments by refinancing at today’s low interest rates even if they are stuck in homes that have lost value. If you are eligible for the HARP program you may also be eligible for the Save Our Home AZ program administered by the Arizona Department of Housing. This program may provide assistance to eligible Arizona homeowners in the form of a principle reduction in addition to refinancing to a lower interest rate. You may be eligible for HARP Loan if you meet all of the following criteria: The mortgage must be owned or guaranteed by Freddie Mac or Fannie Mae. The mortgage must have been sold to Fannie Mae or Freddie Mac on or before May 31, 2009. The mortgage cannot have been refinanced under HARP previously unless it is a FMae that was refinanced under HARP from 05-2009. The current loan-to-value (LTV) ratio must be greater than 80%. The borrower must be current on the mortgage at the time of the refinance, with a good payment history in the past 6 months. The homeowner must benefit from the loan by either lower monthly payments or movement to a more stable product (such as going from an adjustable-rate mortgage (ARM) to a fixed-rate mortgage). CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== USDA LOANS  We offer 100% financing to qualified buyers with low fixed interest rates.  Applying for a USDA Mortgage is easy, and the experts at 1st Florida Lending are here to make it even easier.  CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== REVERSE MORTGAGE     What’s a reverse mortgage?  If you’re 62 or older – and looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses – you may be considering a reverse mortgage. It’s a product that allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills.  CLICK HERE TO LEARN MORE < bake to top of page =================================================================================================================== HOME COMMUNITYtm  LOANS Our new Home Community Loan Program offers Medium Income / 1st Time Homebuyers a Conventional Loan alternative to FHA. Highlights 5% Down payment No MI vs FHA 640 FICO CLICK HERE TO GET PRE-APPROVED < bake to top of page =================================================================================================================== EASY FINANCEtm  HOME RENOVATIONS      Swimming Pools, Outdoor Kitchen, Major Landscaping, Bathroom/Kitchen Remodel, Builtin Outdoor Fireplace,  Major Structure Alternations,  Built in Sauna/Spa and Structural Add-Ons Highlights 95% LTV of After Improved Value Purchase and Rate/Term 30 & 15 Fixed Rate Available Primary Residences Only No Minimum Repair Amount SFR, PUDS, Condos (attached/Detached0 1-4 Units(Primary Residences + Second +Investment) Improvement must be permanently Affixed + add value to the property Processing Time Lines?   Generally speaking, most loan files take  30** days to receive final approval from underwriting. This time line starts when a completed loan file and required documentation is submitted to underwriting for approval.  It is important to note that delays can occur any time throughout the loan process due to borrower document errors, incorrect or illegible information, credit rating changes during the review period and not providing documents in a timely manner when requested by underwriting.  **  The 30 day estimated closing time lines as stated above may not apply to some conforming and/or non- conforming loans which may require additional documentation and processing times that could result in delays .  Ask you loan specialist for more details IMPORTANT DISCLAIMER:  ALL LOAN PROGRAMS, GUIDELINES, RATES AND LTV’S ARE SUBJECT TO CHANGE WITHOUT NOTICE.  1ST FLORIDA LENDING CORP., AT ITS OWN DISCRETION, RESERVES THE RIGHT TO CANCEL ANY OF THE LOAN PROGRAMS ADVERTISED ABOVE AND/OR ANY ONGOING APPLICATION UNDER REVIEW.
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We are changing lives one loan at a time by offering the largest selection of Mortgage Programs in Florida with over 45 and counting serviced by our professional multilingual staff namely English, Spanish, Portuguese, French and Creole ! HERE ARE JUST A SOME OF OUR LOAN PROGRAMS:  Conventional * Conventional w/ 97LTV's * Non QM Conventional - Non QM Conventional w/ 12 month Short sale, Foreclosure, Bankruptcy * Non QM Conventional w/24 months Short sale, Foreclosure, Bankruptcy  * Jumbo Loans low rates * Jumbo Loans  w/ 12 month Short sale * Jumbo Loans w/Short sale, Foreclosure, Bankruptcy *No documentation loans * Investment Properties * Commercial * FHA's with 520 FICO'S * FHA Streamline Non Credit Qualifying * FHA Purchase and Refinance Loans * VA * VA Construction to Permanent Purchase Programs * IRRA'S * USDA * Cash Flow Loans * Unlimited cash out * Business owner Bank Statement Loans * Independent Contractor Bank Statement Loans * Self-employed Borrower who has been Self-Employed for less than 1 year * Stand Alone 2nds * Manufactured Homes * Manufactured Homes for FHA and VA * Refinance * Refinance w/ cash out * Unlimited Cash Out * 203k Streamline * HARP * Fresh Start * Home Community * Home Path * Non-traditional Credit/Trade References * Live and work in Puerto Rico * Construction to Perm * Borrowers who have money, but not employed * Reverse Mortgage * Home Renovation * Sub-Prime * Zero FICO Score * Foreign National Stated * Foreign National Full Doc
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1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 45 loans programs including Conventional, Jumbo, FHA, VA, USDA to name a few and specializing in Bank Statement Loans or “stated loans” requiring no Tax Return verification.                               Disclaimer:  When Banks Say NO! We Say YES! tm   If you are turned down by another lender.  We will work hard to approve your loan.  No guarantee of any kind is expressed or implied!   Main Office: 2151 Consulate Dr. * Suite 8 *  Orlando, FL., 32837  * Telephone (800) 655-1345 * (407) 300-2558 * Fax (877) 401-9955 We are approved lenders for all Government Loans and registered with the Florida Office of Financial Regulation - # MLD106 © 2007 - 2015 FFL Corp - All rights reserved  I                             I                             I    When Banks Say No !  We Say YES !  ®  is a registered trademark
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