Stop dreaming of the perfect home, and let our experienced team make that dream a reality for you. We work with your real estate agent to ensure you find the home that hits all the checkmarks on your list, and fits within your budget.
Our team will assess your financial documents to ensure you have a solid pre-approval to stand out against other offers. We know how many deals fall through because a proper financial assessment was not done before entering into a sales contract, which is why we work tirelessly to ensure your deposit and dream home are not lost.
The first step toward finding the right home is to quickly compute your purchasing power and determine how much you can afford to pay each month. This saves you time by allowing you to focus on homes in your price range. In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
Down payment: Typically ranges from 3-30% of the cost of the house. The more you can put down, the greater equity you will have in your home and the lower your monthly payment will be. For down payments less than 20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-8% of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following: monthly mortgage payment, homeowners insurance, mortgage insurance, flood insurance (if appl
Backed by the Federal Housing Authority, FHA home purchase loans are ideal for first-time homebuyers. They are available at lowered down payments, lower interest rates, and are generally more lenient in credit qualification.
Conventional loans are prime loans that come with the maximum loan restrictions set by Freddie Mac and Fannie May. These are the most common type of loans our clients request to finance their home.
When your dream house has a high value that exceeds conforming limits set by Freddie Mac/Fannie Mae, jumbo home purchase loans are the solution. Access to some of the leading lenders in Florida allows us to offer jumbo loans at excellent rates.
VA loans are offered to eligible U.S. veterans, active servicemen, and surviving spouses. They are backed by the Department of Veterans Affairs and allow applicants to get approved for loans with zero down payments along with other benefits
Our mortgage lending experts specialize in financing commercial and residential properties for US Citizens and Foreign Nationals across the country.
We understand that every home buyer has their own needs. This is why we offer a range of other home purchase loan solutions. We have products specially designed for first-time buyers, self-employed buyers, and more.
6400 Melaleuca Lane, Suite 401, Greenacres, FL 33463
Office Phone: 561-571-2785 Home & Financial Lending, LLC NMLS ID 2085791 Hector Fernandez NMLS ID 1164327 nmlsconsumeraccess.org