1st Florida Lending Direct Mortgage Lenders
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What is the general processing time-lines for most loans?   Generally speaking, most loan files take  30-35 days * days to receive final approval from underwriting. This time line starts when a completed loan file and required documentation provided by the borrower 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 30-35 day estimated closing time lines as stated above may not apply to jumbo or other non-conforming loans which may require additional documentation and processing times that could result in delays .  Ask you loan specialist for more details.  IT IS IMPORTANT TO NOTE THAT NO-DOC LOANS CLOSE IN 10 TO 20 DAYS 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.
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 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 even if you are 1 day out of a recent mortgage events (e.g. Bankruptcy, Foreclosure, Short Sale, Deed in Lieu.      
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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When Banks Say NO! We Say YES!
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
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What are some of the Qualifications? Up to 80% LTV with 640 min FICO Up to 75% LTV with 620 min FICO NO CREDIT SCORE ? NO PROBLEM W-2 income for wage earners and/or last two year tax returns for non w-2 wage earners and self-employed – OK 24 months statements optional for (self-employed only) New purchases, refinance and cash-out refinancing available No pre-payment penalties No mortgage insurance Gift money from family - OK
We are Approved VA Lenders !  VA guaranteed loans are made by government approved Mortgage Lenders to eligible veterans and their families for the purchase of a home that must be for their own personal occupancy.   
CLICK TO VIEW * Bank Statement Loan rates are determined by a combination of FICO Credit Score, History and Down Payment Amount. The minimum 500 FICO** is available for non-owner occupied properties only.   1st Florida Lending Corp. brand, makes no warranty or guarantee of a loan approval, credit score increases, loan closings, nor is such inferred or implied. Borrower qualification is required and program availability & guidelines is/are subject to change without notice. Other terms and conditions may apply. Programs are subject to change without notice
Our new ITIN Tax ID Home Loan Program helps make financing a home easier for qualified Non-US Citizens.  Borrowers do not need a Social Security number and can use there ITIN Tax ID number to qualify! NO CREDIT SCORE ? NO PROBLEM *  If you have an ITIN tax number and 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.). Qualifying Income You income must be generated in the USA – No overseas income allowed. Types of Property That Qualify? Single-family, Multi-Property, Condos, Non-Warrantable Condos, Townhouses, Mobile Homes, Vacant Land, and Investment Property. Fix Loan Terms Available 10, 15, 20 and 30 year. Don’t Have a US Bank Account? You will need to establish a bank account before your loan is closed. Identification If you don’t have a Valid State ID, we a passport and Visa will be required
Rates Starting in the 6’s
Secure A No-Documentation Loan and take advantage of investment opportunities as they become available. Our no-doc loans include single family residence, residential investment, multi- family,  apartments, retail spaces,  mixed-use buildings, office, warehouse and 6 Month Interest only Bridge loans.  These loans are not available for owner-occupied properties   THIS PROGRAM IS IDEAL FOR THOSE WHO ARE LOOKING FOR A MINIMAL OR NO DOCUMENTATION SOLUTION NEED RATES AND TERMS  CLICK HERE to Submit your Request     Click here to complete our loan pre-approval request form.    One of our loan specialist will contact you with a rate and term. We do not quote rates and terms over the phone.   Complete More Investment Projects o With a No Doc Loan, you can buy more properties.  Instead of putting all your capital into one property, you can put a small amount into multiple properties. Increase Your Profits From Your Investments o Use No Doc Loans to generate more profits from multiple properties and grow your business. Residential Flip Loans o No Doc Loans are perfect for Buy-Fix-Sell projects.  Includes funding for rehab costs. How Does a No Doc Loan work? o No Doc Loans do not rely on the creditworthiness of the borrower. Instead, they look to the value of the property. The lender wants to make sure that if the borrower defaults, there will be sufficient equity in the property over and above the amount of the loan.
Updated for 2017
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” 
We pay closing cost on FHA & Conventional Loans * 
Paying for your closing costs includes:  Title Insurance Fees, Government Charges, Recording Fees and Lender Fees. Our No-closing-cost mortgage can saves thousands in upfront fees and may be the ticket to getting a mortgage for a new home or a refinance.   
How does the paying closing cost program work?   Under our lender paid credits program we can pay your closing costs which includes Title Insurance Fees, Government Charges, Recording Fees and Lender Fees.  Our No-closing-cost mortgage can saves thousands in upfront fees and may be the ticket to getting a mortgage for a new home or a refinance.  The minimum FICO score for this program is 620 (middle score). * Disclaimer: 1st Florida Lending Corp will issue a lender paid credits at closing for the amount of your closing costs on both purchase and refinance.  Our Lender Credits are applied at closing and covers the following fees: government recording charges, government stamps and intangible taxes and (please note: all appraisal fees are paid by the borrower and collected at time of your application and will be credited back at closing) All title charges and other third party fees must agreed to in advance. 1st Florida Lending Corp reserves the right to select the closing agent when paying the title charges and may cancel this offer anytime without notice
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?
We are Professional & Reliable Welcome to Florida’s Direct Lenders (we are not brokers) specializing in residential, investment and commercial mortgages.  At Florida Direct Lenders aka 1st Florida Lending Corp., we will help find a loan that fits your budget and expectations. Unlike  big banks whose loan officers are overworked, under paid and must work with limited loan product parameters and one size  fits all rates and terms.  We offer over 50 loan programs with hundreds of matrixes, managed by highly skilled licensed loan   officers (not unlicensed order takers) who know what it takes to get your loan through underwriting quickly.
Our Wholesale Lending Network: To expand our  portfolio of loan programs, we have partnered with  many wholesale lending networks across the country to  offer you the best rates and terms for your loan scenario under one roof without wasting your time comparison  shopping with banks and/or brokers. We offer great Customer Service: At Florida Direct  Lending our experienced professional staff is here to  answer any questions, problems or offer suggestion.  We also offer a 24/7 online support contact form. The Lending Process:  We will walk you through the  whole mortgage lending process and ensure your  transactions close smoothly and on time.
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. 
Aside from our company’s contributions.  We encourage all of are team members, friends and family to donate their time and money and efforts to the charities of their choice in support the less fortunate.  Public support is paramount to a  
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 +
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