Types Of Loans
Federal Housing Administration Loan
Why Would Someone Want An FHA Loan?
FHA loans require a lower minimum down payment and lower credit scores than many conventional loans and are principally designed for low-to-moderate–income borrowers. Because of their many benefits, FHA loans are popular with first-time homebuyers.
If you are looking to minimize your down payment or if your credit score is less than average, and you’re looking to purchase a home, All About Mortgage will guide you through the entire loan process.
- Min. Fico Score 620
- Primary Residence
- Down Payment 3.5%
Conventional Loans
Why You Should Consider A Conventional Loan:
Conventional loans work well for purchase or refinance transactions and are often used to finance primary homes, secondary homes, and investment properties. Conventional loans are considered very affordable, with down payments as low as 3%, though typical requirements for down payments are usually somewhere between 5% to 25%.
All About Mortgage is a specialist in conventional loans and will guide you through the entire loan process.
- Max Loan amount up to $766,550
- Minimum Down payment 3%
- Min Fico Score 620 ( this may affect the down payment required)
Foreign National Loans
We are Masters in working with people abroad who want to buy or refinance their property located in Florida. Foreign National program has a flexible, alternative documentation process with realistic guidelines which helps more borrowers to qualify.
We want to make sure that any borrower who comes through our door has an option to receive financing.
✏️ What will be required?
- Current VISA & Passport
- Bank account in USA
- Bank Reference
- Utility bill from your primary home
- Some programs will require to show reserves in the bank account.
- CPA letter as proof of income
- DSCR for investors does not require proof of income.