Florida Home Loan & Mortgage Products

My Florida Mortgages Home Loan and Mortgage Offers

30 Year Fixed Rate Mortgage

30 Year Fixed Rate Mortgages in Florida My Florida Mortgages specializes in all types of home loans, including the 30 year fixed rate mortgage loan. Let our team help you navigate the process of buying a new home, as we will walk you through each step of the home loan process. Reasons Why Florida Residents Choose 30 Year Fixed Rate Mortgages A 30 year fixed rate mortgage is the most common of all home loans for a variety of reasons. Having a long term fully amortized loan allows the homebuyer to pay back the loan in fixed increments over the entire lifespan of the loan. Once the 30 year period is over, the loan is paid in full. Most people can’t afford to pay off their full loan in 15 years. Although the rate will be a little higher on a 30 year vs. 15 year fixed rate mortgage, a lot of homeowners have to go with the 30 year fixed rate mortgage loan so they can work with manageable payments. If this is your first home, selecting a 30 year mortgage can allow you to purchase a more expensive home with lower monthly rates. Also, keep in mind that if at anytime you are in a position to pay off your mortgage in a shorter time frame, you can refinance your mortgage into a 15 year fixed rate mortgage. Why Choose My Florida Mortgages for Your 30 Year Fixed Rate Mortgage? We work with clients that have all sorts of different financial circumstances to purchase their South Florida home using a 30 year fixed rate mortgage. If you think this is the right type of loan for you or need help figuring that out, give us a call today! We help our customers pick out the right home mortgage loan and find one with the lowest possible fees and interest rates. Reach us now at (954)-916-2742.

15 Year Fixed Rate Mortgage, Home Loans

Find the Best 15 Year Fixed Rate Mortgage With My Florida Mortgages We provide 15 year fixed rate mortgages in Florida at the lowest interest rates around. If you are in the market for a 15 year fixed rate mortgage let the experienced and professional team at My Florida Mortgages help get you setup with the best possible mortgage in South Florida. Why Choose a 15 Year Fixed Rate Mortgage Over a 30 Year Fixed Rate Mortgage? Depending on your financial situation and if this is your first new home purchase or you are buying a second home, a 15 year fixed rate mortgage may make more sense than a 30 year fixed rate mortgage. Some of the benefits of a 15 year are similar to the 30 year fixed rates, such as the fact that you get to lock in your interest rate for the entire life of the loan. If the payments are made on time, the loan is paid in full at the end of the 15 years. For those that can afford the higher monthly payments, a 15 year fixed rate loan can save you money over the lifespan of the loan. By agreeing to pay your loan in a shorter time period you will get a lower interest rate home loan. If you are able to afford the monthly payments of the 15 year mortgage then that is usually the way to go. Why Choose My Florida Mortgages For Your 15 Year Fixed Rate Mortgage? My Florida Mortgages helps our customers choose the best loan for what they need and helps them secure the lowest possible interest rates. If you are looking to purchase a 15 year fixed rate mortgage or you are not yet sure which type of loan you need, let our experts help you! With over 20 years of professional experience in the South Florida mortgage industry, we provide the best services around. Call us today at (954)-916-2742!

Adjustable Rate Mortgage and Home Loan

Find the Best Adjustable Rate Mortgage With My Florida Mortgages My Florida works with our clients to get them approved for the best adjustable rate mortgage with the lowest possible interest payments. There are definitely cases where an ARM makes the most sense for a home buyer. Let our expert team here help you determine if an adjustable rate mortgage is your best option and then we’ll get you the lowest interest rates possible! Does an Adjustable Rate Mortgage Make Sense For Me? There are several reasons one would want an adjustable rate mortgage. Depending upon your financial situation and home buying plans, an ARM could provide great financial benefits. With mortgage rates already at an all time low, you might think it would be hard to secure a mortgage with rates lower than the rest of the market. This isn’t so with an ARM. You can often secure a mortgage with rates much lower than those for a 30 year fixed rate mortgage, and these rates will stay fixed for usually the first 3, 5 or 7 years of the mortgage. What happens when the fixed interest period of the mortgage is up? Your interest will adjust proportionately to the current market prices for mortgages. If national interest rates have gone down below what your current interest is, you could end up having your interest adjusted down! For those who don’t plan on staying in their mortgage for a long time, an adjustable rate mortgage is a great way to secure super low interest rates for a short period of time. A lot of people will decide to start with an ARM, and then either sell their house or refinance the mortgage before the fixed rate period is up. Why Use My Florida Mortgages for Your Adjustable Rate Mortgage (ARM)? With over 20 years of industry experience in the South Florida Area, we know how to help our customers get approved for the best type of mortgage for them with the lowest possible interest rates. If you think an adjustable rate mortgage is your best option, or if you need help figuring that out, give My Florida Mortgages a call today at (954)-916-2742.

FHA Loans in Florida and FHA Mortgages

Get Approved For FHA Loans in Florida Today With My Florida Mortgages! My Florida Mortgages works with tons of clients to get them approved for FHA loans in Florida all the time. If you don’t think you’ll get approved for a mortgage, think again! FHA loans have less stringent approval guidelines and our experts will work with you, doing whatever it takes to get you approved for an FHA mortgage loan at the lowest possible interest rates. What is an FHA Mortgage Loan? FHA Loans in Florida are mortgages that are insured by the Federal Housing Authority, allowing lenders to approve mortgages for borrowers they normally wouldn’t be able to, and at lower interest rates. The borrower will pay for the FHA insurance which protects the lender from losses in the event that the borrower defaults on the loan. In order to get approved for an FHA loan in Florida there are still qualifying factors that come into play such as income and credit score. Often times, anyone with a credit score of over 580 can get approved for an FHA mortgage with only a 3.5% down payment. Those with credit scores in the 500-579 range will typically be required to put a downpayment of 10% or more down. Credit scores of 500 or less, or those without sufficient credit will typically not be eligible for an FHA loan in Florida unless there are other circumstances at hand. Call us today to learn more about FHA mortgage approval and see how we can get you approved for a mortgage today! Why Choose My Florida Mortgages for Your FHA Mortgage Loan? The reason is simple. We provide FHA loans at incredibly low rates and our process is quick and painless. For those that don’t have a ton of money to put down on a house, or who have less than perfect credit and our concerned about whether they’ll get approved for a mortgage loan or not, don’t worry! We work with all sorts of clients in every type of financial situation and find a way to get them approved for a Florida FHA loan in the shortest time possible. Even if your credit isn’t high enough to get approved for an FHA loan, call Jorge today and he’ll help instruct you on what to do to raise your credit score quickly and effectively. We’ll help get your credit score up as fast as possible so we can get you approved to buy that new home! Allow the experts at My Florida Mortgages to guide through the FHA loan process and find the best FHA mortgage for you at the lowest possible interest rates. Not sure if an FHA mortgage loan is what you need? That’s okay too! Just give us a call and we’ll find out which mortgage options will work best for you and then we’ll get you approved! Call now at (954)-916-2742.

VA Loans

Get Approved for a Florida VA Home Loan or Mortgage Today! My Florida Mortgages, along with the VA, helps veterans become homeowners by providing and assisting you with you VA home loans in Florida. VA loans are available to active military members, veterans and surviving spouses who have yet to remarry. Even though VA loans are provided through private banks and mortgage companies, we are still able to provide you with terms and assistance for your VA home mortgage because the VA guarantees a portion of the loan. Am I Eligible for a VA Home Loan in Florida? For a VA purchase loan you must have a valid Certificate of Eligibility which means you meet all of the requirements to get a VA home purchase loan. If you don’t know what this is or how you go about getting one, give us a call today so we can help you through this process. For active military members, VA loans and mortgages can be used to purchase a home (often times with no money down) for your spouse and/or other dependants such as children. They can also be used to modify existing homes if the veteran has a disability that has come as a result of their military related services. If you meet all of the requirements to be eligible for a Florida VA home loan you still typically need to have satisfactory credit. There are certain exceptions to this so if you are concerned that your credit score will affect your ability to get a VA loan, let the experts at My Florida Mortgages help you navigate this process. If your credit is in fact to low to qualify, we’ll help you increase your credit score so we can get you approved! Why Choose My Florida Mortgages for Your VA Loan? At My Florida Mortgages, we are very grateful for your service! We try to give back to service members or their families by assisting them the best way we can… getting them a VA loan and mortgage so they can get settled into their new home. We’ve helped hundreds of South Florida veteran and families navigate the VA loan process to help them secure their dream house. Let us do the same for you! Call us today at (954)-916-2742.

Jumbo Loans

Use My Florida Mortgages to Help You Find the Best Jumbo Loans at the Best Possible Interest Rates My Florida Mortgages provides a variety of different mortgage types to fit the needs of every customer. Our jumbo loans (also known as non-conforming loans) in South Florida cater to those looking to obtain a mortgage for a home where to total amount of the loan sits outside of the industry norms. South Florida clients looking to purchase a jumbo loan or mortgage are typically doing so because the amount of the mortgage they need to take out exceeds the industry limits set by Fannie Mae and Freddie Mac which is $424,100. Am I Eligible for a Jumbo Home Loan? When applying for a jumbo loan, you will typically face the same qualification requirements that you would find in other conforming loans and mortgages. There are some minor differences, and there are actually cases where more flexibility with certain qualifying factors is allowed. Give My Florida Mortgages a call today to see if you qualify for a Jumbo Loan! Jumbo Loan and Mortgage Interest Rates Although this could always change depending upon market conditions, interest rates for jumbo mortgages actually fall in line with those of conforming mortgages. While the lender typically does take on a bit more risk due to the fact that they cannot sell the mortgages to Fannie Mae or Freddie Mac, current market conditions have interest rates for both types of loans in the same ballpark. It is also important to note that you can obtain a jumbo mortgage with the same features as a conforming loan. If it makes more sense for you to take out an adjustable rate jumbo loan, you can do that. You can also get a jumbo 15 or 30 year fixed rate mortgage, so it is important to work with your mortgage lender to determine which will best fit your needs and which ones will cost you the least amount over the life of the loan. Why Call My Florida Mortgages for all of Your Jumbo Loan Needs? As with all of the other types of mortgages that we service, My Florida Mortgages has extensive experience servicing Jumbo Loans in Florida. If you are in the market for a jumbo mortgage or if you are not yet sure that you will qualify for one, let us help you out! We work with all different kinds of customers with different financial situations and we get them mortgages so they can purchase their dream home! Call us today at (954)-916-2742 to see what we can do for you.

203K Home Loans and Mortgages

Get a 203k Home (Improvement) loan With My Florida Mortgages My Florida Mortgages provides the most competitive 203k home loans and mortgages in all of South Florida. We work with a huge variety of clients with different needs and financial situations to get them qualified for the 203k loan that they need. Let the team at My Florida Mortgages use their 20+ years of mortgage industry experience help you navigate the home mortgage and 203k loan process. No matter what your financial situation or credit score is, we can guide you to the right loan and help you get approved for it! What is a 203k Loan and How Does it Work? An FHA 203k loan allows you to take out a loan for the purchase of a home along with additional funds to make planned improvements that will add to the value of the home. The buyer benefits from this because you only need one mortgage loan and it factors in the money that you will need for the home improvements. The additional funds from the loan are typically placed in an escrow account and paid out to contractors as the services are rendered. The home improvements that you want to make typically need to planned out in advance and completed within 6 months of buying the home. Am I Eligible For a 203k Loan? Because 203k loans are FHA insured, lenders are typically willing to work with customers and properties that they would otherwise not approve for the loan. Just like with other FHA loans, the buyer is required to purchase the FHA insurance to protect the lender in the event that you default on the mortgage payments. This all means that you don’t necessarily need perfect credit or a huge down payment to get approved for a 203k home improvement loan or mortgage. Obviously the higher your credit score, the easier it will be for you to get approved and you will also get better interest rates. 203k Home Improvement Loan Rates Just like with jumbo loans, you can take out an adjustable rate 203k mortgage, a 15 year fixed rate 203k mortgage or a 30 year fixed rate. Interest rates are comparable to those of a regular 15 or 30 year fixed rate mortgage but can be different depending upon your credit score or the current market conditions. Why Choose My Florida Mortgages for All of Your FHA 203k Loan and Mortgage Needs? We work with all of our customers to not only get them approved for 203k loans and mortgages, but also to get them set up with the best ones for their needs at the lowest interest rates and most affordable monthly payments. Even if you don’t think that you will qualify for an FHA 203k home improvement loan, give us a call anyways. We know how to get you approved and if we can’t we will work with you until you are able to get approved. Call us today at (954)-916-2742.

HARP Loans

Get Your HARP Loans With My Florida Mortgages My Florida Mortgages helps South Florida customers obtain HARP loans in a quick and painless process. If you don’t have much, or any, equity in your home, it can be difficult to find lenders that are willing to help you refinance your mortgage. Let the experts here at My Florida Mortgages help you navigate the HARP loan process to get you approved today! What is the HARP Program? HARP stands for The Home Affordable Refinance Program. It was set up by the Federal Government in 2009 to allow homeowners without equity in their homes to refinance their mortgages. This helps those that are underwater with their mortgage to restructure their loans into more affordable monthly payments that they can manage. You are able to get lower interest rates, change the term of your loan, and switch between a fixed rate mortgage and an adjustable rate mortgage. When you owe more on your home then it is worth, you are typically ineligible for a loan refinancing, but the HARP home loan refinancing program is now their to help you. Why Choose My Florida Mortgages for Your HARP Loan? We specialize in just about about every type of Florida mortgage and home loan that you can think of. People that come to us with help getting approved for a HARP loan typically don’t have a ton of equity, if any, in their home and are having a hard time finding lenders that will approve them for refinancing. My Florida Mortgages will help you no matter what, and we have a very high success rate when it comes to HARP refinancing loans. If you need help navigating the Home Affordable Refinancing Program give us a call today at (954)-916-2742.