We offer over 48 Loan Programs - When banks say NO - We say YES !
Let Us Make Your Dream Home AReality
Over 48 loan programsDirect Lenders - Not BrokersManually Underwrite Challenging LoansSame Day Loan Pre-Approval LettersClose Some Loans in 10 DaysWe are VA, FHA and USDA Approved LenderMember of Wholesale Lending NetworksFree Credit Analysis
WeareProfessional& ReliableWelcome 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 budgetandexpectations.Unlikebigbankswhoseloanofficersareoverworked,underpaidandmustworkwithlimitedloanproduct parameters and onesizefitsallratesandterms.Weofferover50loanprogramswithhundredsofmatrixes,managedbyhighlyskilledlicensedloanofficers (not unlicensed order takers) who know what it takes to get your loan through underwriting quickly.
•Our WholesaleLendingNetwork: To expand ourportfolio 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 greatCustomer Service: At Florida DirectLending 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 thewhole mortgage lending process and ensure your transactions close smoothly and on time.
WhenBanksSayNo!WeSayYes!We are happy to report that 40% of our business is turn downs from other Banks and Lenders.
WE ARE PROUD OF THE VARIOUS CHARITIES THAT OUR COMPANY AND TEAM MEMBERS SUPPORT!
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
Features 80% LTV with 600 credit score Min 100,000 - $1M Max Loan Interest only options available
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 EarnersWhy 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.
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.
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
No-Doc LoansITIN ID LoansForeign NationalPuerto Rico BorrowerVacant Land LoansManufactured Homes Home Renovation Cash Flow LoansCommercial Asset Depletion Loan
ConventionalConventional 1% DP Equity Plus FHA - Standard & 203KFHA - We pay closing CostVA - 100% Financing USDA - 100% Financing Jumbo and Super Jumbo12 & 24 Month Bank Statement LoansReverse MortgageInvestment Properties Loans