When it comes to securing a home loan in South Florida, borrowers benefit from working with a mortgage professional who understands local property values, insurance costs, condominium requirements, loan guidelines and the wide range of financing options available.
Mortgages Done Right helps Florida homebuyers, homeowners and real estate investors compare mortgage programs from more than 25 wholesale lenders. With more than 30 years of mortgage experience and over $1 billion in loans closed, Greg Hayden helps borrowers evaluate financing for home purchases, refinancing, investment properties and specialized mortgage situations.
Unlike working with only one bank and one set of lending guidelines, a mortgage broker can compare multiple lenders based on your credit, income, assets, property type, down payment, loan amount and long-term goals.
Mortgage Programs We Help Compare
There is no single mortgage program that works best for every borrower. Mortgages Done Right helps clients compare traditional and alternative financing options depending on the transaction.
Conventional Loans
Conventional loans may work well for borrowers with qualifying credit, income and assets. Depending on the program, eligible borrowers may have access to lower-down-payment options as well as traditional fixed-rate and adjustable-rate financing.
FHA Loans
FHA loans in Florida may offer more flexible qualification guidelines and lower down-payment requirements for eligible borrowers.
FHA financing can be useful for some first-time buyers as well as repeat homebuyers who meet applicable program requirements.
VA Loans
Eligible veterans, active-duty service members and certain surviving spouses may qualify for VA loans in Florida.
VA financing can provide significant benefits for eligible borrowers, including the possibility of purchasing with no down payment in qualifying situations and no monthly private mortgage insurance.
Jumbo Loans
Higher-priced properties may require jumbo mortgage financing.
Because jumbo lenders can have substantially different guidelines for credit, reserves, property type, loan amount and income documentation, comparing multiple lenders can be especially important for luxury and higher-balance transactions.
Bank Statement Loans
Self-employed borrowers do not always show income on tax returns in the same way traditional salaried borrowers do.
For eligible borrowers, bank statement loan programs may provide an alternative way to document qualifying income based on business or personal bank deposits.
DSCR Investment Property Loans
Real estate investors may be able to use DSCR investor loans when they want qualification to focus primarily on the rental property’s cash flow rather than traditional personal-income documentation.
DSCR financing may be available for eligible purchases, refinances, LLC-owned properties and certain long-term or short-term rental transactions, subject to lender guidelines.
Reverse Mortgages
Homeowners age 62 and older who have substantial home equity may want to compare traditional refinance options with a reverse mortgage.
A reverse mortgage works differently from traditional financing and should be reviewed carefully based on the homeowner’s goals, property and financial situation.
First-Time Homebuyer Options in Florida
Buying a first home involves more than choosing an interest rate. Buyers should understand the down payment, closing costs, homeowners insurance, taxes, association dues and the total monthly housing expense.
Mortgages Done Right can help buyers compare Florida first-time homebuyer programs along with FHA, conventional and other available financing options.
Eligible buyers may also want to review Florida down-payment assistance options to determine whether assistance programs fit their purchase strategy.
Why Work With a Mortgage Broker Instead of One Bank?
A bank generally offers mortgage products available through that institution. A mortgage broker can work with multiple wholesale lenders.
That difference can matter when:
- One lender’s credit guidelines do not fit the borrower
- A borrower is self-employed
- The property is a condominium
- The loan amount requires jumbo financing
- The borrower is purchasing an investment property
- The borrower needs alternative income documentation
- One lender has stronger pricing or guidelines for a specific transaction
Mortgages Done Right works with more than 25 wholesale lenders, allowing Greg Hayden to compare multiple programs instead of relying on the pricing and underwriting rules of one institution.
For a more detailed comparison, read our guide to mortgage broker vs. bank financing.
Mortgage Guidance in Palm Beach County
Mortgages Done Right is based in Palm Beach County and works with homebuyers, homeowners and investors throughout the area.
Our Palm Beach County mortgage guide provides additional information about local financing options and communities throughout the county.
We also provide local mortgage guidance for borrowers in Boynton Beach, Boca Raton, Delray Beach, and West Palm Beach.
Borrowers in other Palm Beach County markets can also review our local resources for Wellington, Palm Beach Gardens, and Jupiter.
Mortgage Guidance in Broward County
Mortgages Done Right also helps borrowers throughout Broward County.
Borrowers purchasing or refinancing in Fort Lauderdale and surrounding communities can compare financing options based on property type, loan amount, income documentation and individual qualification requirements.
South Florida Condo Financing
Condominiums can require additional lender review beyond the borrower’s financial qualifications.
Lenders may evaluate association insurance, reserves, special assessments, property condition, litigation, investor concentration and other project characteristics.
Buyers considering Florida condos should review our guide to warrantable and non-warrantable condo financing.
Purchase and Refinance Options
Mortgages Done Right helps borrowers with both home purchases and refinancing.
Homeowners considering a refinance should compare the new interest rate, closing costs, monthly payment, loan term and long-term cost rather than focusing on rate alone.
Review our Florida refinancing solutions for additional information about available refinance strategies.
How Much Home Can You Afford?
Affordability depends on more than the purchase price. Buyers should consider principal and interest, property taxes, homeowners insurance, flood insurance when applicable, mortgage insurance and homeowners association or condominium dues.
Use our Florida mortgage calculator to estimate potential principal-and-interest payments, then speak with Greg for a complete qualification review.
Get Pre-Approved Before Shopping for a Home
Mortgage pre-approval can help buyers understand their potential purchase range before making offers.
A pre-approval can also identify credit, income, asset or documentation issues early in the process.
Learn more about mortgage pre-approval in Florida.
Frequently Asked Questions
How many lenders does Mortgages Done Right work with?
Mortgages Done Right works with more than 25 wholesale lenders, allowing borrowers to compare different mortgage programs, pricing and underwriting guidelines.
Does Mortgages Done Right offer FHA and VA loans?
Yes. Mortgages Done Right helps eligible borrowers compare FHA, VA, conventional, jumbo and other mortgage programs.
Do you work with self-employed borrowers?
Yes. Self-employed borrowers may qualify through traditional income documentation or, in some cases, alternative programs such as bank statement loans.
Can real estate investors get financing?
Yes. Mortgages Done Right works with investors using conventional investment-property loans, DSCR financing, private money and other eligible investment-property programs.
Do you help borrowers throughout South Florida?
Yes. Mortgages Done Right works with borrowers throughout Palm Beach County, Broward County and other Florida markets.
How Mortgages Done Right Can Help
Mortgages Done Right combines local South Florida mortgage knowledge with access to more than 25 wholesale lenders. The goal is to compare available financing options and find a mortgage structure that fits the borrower, property and financial goals.
Greg Hayden has more than 30 years of mortgage experience and has helped close more than $1 billion in mortgage loans.
Ready to compare your mortgage options?
Call 561-777-7622, contact Greg Hayden, or apply online.
Mortgage programs, rates, credit requirements, down-payment requirements, loan-to-value limits, property guidelines and qualification standards vary by lender and are subject to change. This information is for general educational purposes and is not a commitment to lend.
