Under Conventional Financing you usually have a greater choice of programs with a greater flexibility. Although present market conditions have somewhat changed these we feel hopefull the some of these programs will eventually be back. Currently we have the following loan programs:
Plan
Description
5301
Fixed Rate and Term, fully amortizing, Conventional conforming First mortgage.
5309
Adjustable rate mortgage loan program with an initial fixed rate period of three, five, seven or 10 years depending on the option selected. Upon the expiration of the Fixedrate period the program allows for annual increases or decreases to the interest rate.
5325
Community products are a collection of four (4) low or no down payment products Allowing flexible sources of funds for closing and prepaid expenses.
5332
Conventional Conforming first mortgage with interest only payments for an initial period, fully amortizing over remaining term.
5349
Fannie Mae Home Path Program specifically eligible for borrowers who are purchasing Fannie Mae Real Estate Owned Properties. Appraisal and Mortgage Insurance are not required. A Credit Score of at least 660 and a 3% Down Payment are required. Eligible properties can be located at www.homepath.com
Helping Florida's HomeOwners and HomeBuyers With Ethics And Consideration! I Understand You!
Juan Luis Rodriguez-Kohly Your Trusted Mortgage Professional Reverse Mortgage Specialist NMLS: 257898
