Looking for a Florida home mortgage loan?

We can help. We go to work as soon as you contact us. The easiest method is simply taking 5-minutes to fill out our Florida home mortgage loan worksheet. This will let us know how to proceed. Whether you have great or slow credit it doesn't matter to us. We specialize in finding Florida home loans at the best rates based on each individuals situation. Even if you've been turned down elsewhere there may be a chance we can help. Just follow three easy steps.

Gather your information. You are going to have to collect a variety of information in order to help us expedite the lending process. Previous years tax returns, bank statements, proof of employment, social security numbers and even marriage

certificates are just a few documents that may be required. These are important when buying a home.

Send us any additional information we may request . To make the loan process as smooth as possible we'll need as much information as you can give us. This process may take a bit longer if we are dealing with bruised credit. We understand that things do happen beyond our control and we shouldn't be penalized and suffer for it.

Be patient. Not what you might have expected us to say, but not every home loan is a slam dunk. Remember we are working with many lenders to try and get you a home loan at the best possible interest rates. This takes time if we are dealing with a credit situation that isn't ideas.

Buying A Home With No Money Down - What Can The Seller Do To Help?

In this article I'll discuss how it's possible to buy a home with no money down. We've all seen the ads marketed by builders offering to get you into a home with no money out of your pocket. Is this legitimate? It is in fact both legal and legit.

I don't recall mentioning it in previous articles, but the Federal Housing Administration requires 3% down towards the purchase of a home. Let's use $210,000 which is the average price of a home in Southwest Florida. This would require a down payments of $6,300, which eliminates most young couples that do not have this kind of money saved up. This amount doesn't cover the closing costs which may involve several thousand more dollars. The government knows this and things are now in place that could enable you to get into a home if you find yourself needing more money.

Now the seller or builder can contribute up to 6% of the cost of the home towards your CLOSING COSTS. The seller / builder CANNOT contribute towards your down payment. Don't despair because there is a way around this hurdle. The government does allow you to recieve a gift (as long as it is not a loan) from a family member or a non-profit organization. It sounds weird and it is, but that is the system. Just think, you are not allowed to borrow the down payment, but you can receive it as a gift from a non-profit.

Is this really a gift? Yes, but don't be fooled into thinking the non-profit doesn't want it's money back. The days of free lunches are over. Please don't be naive enough to believe that someone, especially someone you don't know, is going to give you thousands of dollars and not worry about how to get it back. This is especially true if you already have bad credit to start with.

Looking for a Florida home mortgage loan?

See if you qualify for your Florida home mortgage.