Boynton Beach Mortgage Broker with OVER 30 years experience
Greg Hayden the President of Mortgages Done Right Inc. I created the business to give thousands of my clients and hundreds of my realtors more mortgage choices in the market place. The days of going to one lender for a mortgage are gone. Mortgage brokering is better for the consumer. Before my buyers would wait 2-3 weeks for a bank to get back to me on an approval and if it was a no I didn’t have time to go elsewhere. No more. If one lender says no I have 25+ more that can say yes with in days. More lenders more options and better rates and service then the Banks or the Quicken mortgages of the world. We have programs for just about any type of borrower. Loans for the regular W2 wage earner to the self employed person who cant verify income. We have stated income loans, bank statement loans and loans for people with low scores. I want to make sure my customers have as much opportunity to get the american dream of home ownership.
The most common type of prime loan you can use to purchase a property or refinance one is called a conventional loan. Conventional loans conform to the maximum loan limits established by Fannie Mae and Freddie Mac. Those limits are up to 484,350. Unlike certain other types of loans such as FHA loans, they are not backed up by government funds.
Typically these loan terms range anywhere from 10-30 years. Down payments may be as low as 3% for some first time buyer programs like Homeready, Home One or Home Possible Loans. Terms governing conventional loans depend on a number of different factors, including your credit score, borrower credit profile, the price you are purchasing, and the down payment you provide.
Homebuyers looking for a flexible loan with easy credit requirements and a low down payment can apply for an FHA loan in Florida. While FHA loans are the top choice of many first-time homebuyers, you do not need to be a first-time homebuyer to qualify. All you need to do is meet the basic criteria.
For the brave men and women who have served our country, VA loans in Florida provide an opportunity to finance a home simply and affordably. Insured by the Department of Veterans Affairs (VA), these loans are packed with competitive features like zero down payment and no prepayment penalties.
If you would like to purchase property in Florida which surpasses Fannie Mae and Freddie Mac’s conforming loan limits, you will need to apply for a jumbo loan. As of 2019, the loan limit is $484,350.00
STATED INCOME LOANS
Residential buyers or homeowners looking to apply for a mortgage in Florida with little to no documentation these loans are for you. No W2’s or pay stubs needed for a Stated income or No Ratio loan from Mortgages Done Right Inc. We also have bank statement loans for purchasing a home or refinancing. These programs allow you to document your income by providing 12 or 24 months of personal or business bank statements to qualify.
Address: 1500 Gateway Blvd STE 220 Bonyton Beach FL 33426