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1st Florida Lending
Direct Mortgage Lenders
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
Click for the BBB Business Review of this Mortgage Lender in Orlando FL
®
Get Pre-Approved for a Self-Employed Bank Statement Loan Today !
PUERTO RICO BORROWERS WE OFFER FHA, USDA, AND CONVENTIONAL  LOANS FOR PUERTO RICO BORROWERS WHO LIVE, WORK AND FILE TAX RETURNS IN PUERTO RICO WITH 3.5% DOWN PAYMENT! Min 550 FICO to qualify 96.5% LTV (3.5% Down Payment) We Accept Your Hacienda Tax Returns 15, 20 & 30  YR Fixed Terms + (5/1 & 7/1 ARM Available) No Minimum Tradelines IN ENGLISH  Our Loan Pre-Approval Application is for those borrowers who live and/or work in Puerto Rico and would like to be  pre-approved with a qualifying amount, rate and down payment that collectively meets with their expectations and budget before making a full commitment to move forward. Once the loan pre- approval application is submitted, one of our professional loan specialist assigned to your account will contact you to review your credit history and last two years (hacienda) tax returns. Once you are pre-approved and agree with the terms.  We will issue you signed pre-approval letter and initiate the final underwriting approval process.    EN ESPANOL Nuestra solicitud de préstamo Pre-aprobación es para los prestatarios que viven y / o trabajan en Puerto Rico y me gustaría ser pre-aprobado con una cantidad de calificación, la tasa y el pago inicial que satisface colectivamente con sus expectativas y presupuesto antes de hacer un compromiso total con avanzar. Una vez que se presente la solicitud de pre-aprobación del préstamo, uno de nuestros especialistas de préstamo profesional asignado a su cuenta se comunicará con usted para revisar su historial de crédito y dos últimos años devoluciones (hacienda) de impuestos. Una vez que esté pre- aprobado y estoy de acuerdo con los términos. Publicaremos usted firmó carta de aprobación previa e iniciar el proceso de aprobación de la suscripción final
· · · · · Rates Starting in the 6’s We  Say YES!  * When Banks Say NO! TM
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” 
THE INTEGRITY, HONESTY AND CANDOR When selecting an lender to manage the mortgage process for you. It is important to keep in mind that integrity, honesty, and candor are just as important as interest rates.   So, whether you want to refinance at a lower mortgage rate, restructure your debt, achieve new home ownership, obtain a reverse mortgage, refinance or otherwise seek any type of  Mortgage solution.  We are here to provide you with a customized mortgage solution with the best personal service from application to closing. Also, it is important to ask the right questions.  After all, it is not only the institution but also the Loan Officer to whom you will place your trust and confidence.  Our Loan Officers are representatives of our company for which they work.  Therefore, the right company and right individual are critical to obtaining the best outcome
Why Choose Us?
Click one of the links below for a Quick Rate Quote !
THE NEW VA MORTGAGE ADVANTAGE A 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 ! 
Lender Credit Program (Fico Driven)  Our most popular client benefit, is the Lender Credit Program that offers borrowers a $1,000 to $4,000 option, that can be used to pay their upfront closing costs!  The Lender Credit Program has saved borrowers thousands in upfront fees and may be all they need to obtain a mortgage for their new home.  
NO DOCUMENTATION LOANS
NO CREDIT, NO BANK STATEMENTS, NO FINANCIALS... NOTHING!
PURCHASE YOUR HOME WITH JUST 1% DOWN
550 FICO VA LOAN PROGRAM
Click Here to learn more about our FHA loan programs
Let Us Make Your Dream Home A Reality
Over 48 loan programs Direct Lenders - Not Brokers Manually Underwrite Challenging Loans Same Day Loan Pre-Approval Letters Close Some Loans in 10 Days We are VA, FHA and USDA Approved Lender Member of Wholesale Lending Networks Free Credit Analysis 
Why Choose Us?
When Banks Say No! We Say Yes!  We are happy to report that 40% of our business is turn downs from other Banks and Lenders. 
WE ARE EXCITED TO PRESENT OUR NEW CONVENTIONAL 1% DOWN WITH EQUITY PLUS LOAN PROGRAM You simply put down 1%,  and we (Lender) contribute 2%*, giving you 3% equity at closing Great low rates Close in 30 days or less Conventional 30-year fixed program Available with no monthly Mortgage Insurance *2% is a lender contribution and may only be applied to down payment  
· · · · · Home Loans TO REQUEST A LOAN PRE-APPROVAL WITH RATES AND TERMS  WE DO NOT PULL CREDIT WITHOUT YOUR PERMISSION AND WILL ACCEPT YOU PROVIDING YOUR OWN CREDIT REPORT FROM ANY SERVICE THAT INCLUDES A MINIMUM OF TWO REPORTING COMPANIES  FOR OUR INITIAL REVIEW We  Say YES!  * When Banks Say NO! TM
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 
WE CAN CLOSE YOUR LOAN IN 15 BUSINESS DAYS !
Credit Score  LENDING 0
                              Features   80% LTV  with 600 credit score  Min 100,000 - $1M Max Loan Interest only options available
12-Month Bank Statement FICO 680 +
Let Us Make Your Dream Home A Reality
Use Cash-on-hand (no seasoning required) for Down Payment Use Family Income as Non-Occupant Co-Borrowers to Qualify Use Current Household Members Income to Qualify - Not on Note! Use Boarder/Room Mate to help Qualify Use Spare Room Rental Income to Qualify Minimum 620 Credit Score to Qualify
Flexible Options with FAMILYReady Home Mortgage
No-Doc Loans ITIN ID Loans Foreign National Puerto Rico Borrower Vacant Land Loans Manufactured  Homes  Home Renovation  Cash Flow Loans Commercial  Asset Depletion Loan
Conventional Conventional 1% DP Equity Plus FHA - Standard & 203K FHA - We pay closing Cost VA - 100% Financing USDA - 100% Financing Jumbo and Super Jumbo 12 & 24 Month Bank Statement Loans Reverse Mortgage Investment Properties Loans
Listed below are just a few of our Programs
FAMILYReady Mortgage Loan Program
If you answered YES! To any of the six options above?                                Then your ready for a FAMILYReady Home Mortgage!    
TM
WHAT ARE THE RATES? Rates start in the Mid 3’s MAXIMUM LTV:  FHA - 96.5% LTV  / Conventional - 97% LTV  RESTRICTIONS?  Must have a 640+ Middle Credit Score • No credit mortgage events within 7 years • No late payments within 24 Months • No student loans • No outstanding liens • No active litigation • Rush order appraisal required ARE  YOU READY TO START THE CLEAR-TO-CLOSE COUNTDOWN CLOCK?  
Our fast track closing service is for Conventional and FHA Conforming Loans only.  The start date begins when we actually receive your documentation in .pdf format  without errors an omissions. 
FHA LOANS 
WE ARE THE REVERSE MORTGAGE PROFESSIONALS
ASK US ABOUT OUR 1 MONTH SELF-EMPLOYED BANK STATEMENT LOAN ! THAT’S RIGHT !  REQUIRES ONLY YOUR LAST MONTHS BANK STATEMENT – NO TAX RETURNS - NO MI – NO PRE-PAYMENT PENALTY AND NO RESERVES WITH RATES STARTING IN THE 5’s 
When Banks Say NO! We Say YES!
Conventional 97% LTV VA Jumbo Loans USDA Streamline  Foreign National Full Doc Conventional 99% LTV  VA Streamline (IRRRL) Home Community  Foreign National Refinance Jumbo Loans 90% LTV FHA 96.5% LTV Reverse Mortgage Purchase Puerto Rico Borrower Loan 1-Month Bank Statement Loans FHA 203k Streamline  Family Ready  ITIN Non-Citizan Loan 12-Months Bank Statement Loans FHA Reverse Mortgage  Commercial Loans Asset Depletion Loans  24-Months Bank Statement Loans FHA Refinance No-Doc Loans w/ Fico Cash Flow Loans   12 Month Tax Return Program FHA with 550 Fico No-Doc Loans / No Fico Stated CondoTel Loans GET STARTED TODAY CLICK LEARN MORE  > GET STARTED TODAY CLICK LEARN MORE  >
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  
ASK US ABOUT OUR LENDER CREDIT PROGRAM ! 
TO RECAP ONE OF THE MANY LOAN SCENARIOS !  If you are self-employed for at least two years, have a 700-middle credit score, no credit events, a 30 percent down payment, borrowing anywhere from $250,000 to $3 million on a single unit, owner-occupied property and enjoy rates in the 5’s, then this loan is for you! >
The FHA 203(h) mortgage program was created to help victims in the Presidentially-declared disaster areas to get back on their feet. Its purpose is to help those victims become homeowners or for those who previously owned or rented a home in the disaster area, to rebuild or purchase a new home.
Florida Direct Lenders offers the FHA 203(h) Disaster Recovery Loan Program
Program Features Primary residence only Available to disaster victims whose previous owned or rented residence was destroyed or damaged to such an extent that a complete replacement Is necessary 15 & 30-year fixed rate conforming balance 30-year fixed rate high balance Minimum credit middle score:  580 Up to 100% LTV
The FHA 203(h) mortgage program was created to help victims in the Presidentially-declared disaster areas to get back on their feet. Its purpose is to help those victims become homeowners or for those who previously owned or rented a home in the disaster area, to rebuild or purchase a new home.
NEW!   BANKRUPTCY, FORECLOSURE AND SHORT SALE ARE  OK!
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
JUMBO LOANS  
SELF-EMPLOYED 12 AND 24 MONTHS BANK STATEMENT LOANS 
REQUEST A QUOTE > CLICK LEARN MORE  >
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 $600,000.00 Up 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 Refinance Owner Occupied Only 5% down payment from borrower - additional funds can be gift from family Minimum Loan Amount is $150K Non-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
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