Self Employed Loans

• If you are being self-employed for minimum 1 year you can apply for this loan,
• No taxes required,
• Minimum 12 months of bank statements (personal or business) required to calculate your income,
• Minimum 10% down payment for primary home only,
• Minimum 640 credit score,
• Minimum loan amount is $150,000,
• No prepayment penalties after 8 months
• No primary mortgage insurance,
• No monthly mortgage insurance

Loans for people just discharged from Foreclosure, Bankruptcy or short sale

• Only 1 day after discharged from a foreclosure and/or bankruptcy,
• 620 Minimum FICO scores,
• No prepayment penalties after 8 months
• Minimum loan amount is $150,000,
• Minimum 25% down payment,
• No primary mortgage insurance,
• No monthly mortgage insurance

Loans for Investors

• No taxes required,
• No W2s, pay stubs or bank statements required,
• Minimum 20% down payment,
• Minimum 600 credit score,
• Minimum loan amount is $150,000,
• No primary mortgage insurance,
• No monthly mortgage insurance
• For investors only. Client will need to have already a primary home,
• Very easy to qualify since there is no employment information needed.

Foreign National

• Minimum 20% down payment,
• No income and credit score required,
• Qualification will be based on either the rent of the house, or
• Accountant letter in English from the client’s country certifying how much money the client makes a year
• Minimum loan amount is $200,000,

Line of Credits for Investors

• Client will need to show minimum $100,000 in liquid assets. Example bank
  statements (3 month), 401K, IRAs, stock and bonds portfolios,
• Client will receive a line of credit between 5 to 10 times the liquid assets,
• Money does not have to be moved to another bank and investment do not have to be sold,
• Once the client established the line of credit, it can take loans against the line as many times as needed in one year,
• Perfect product for builders and investors that do fix and flips.

Commercial loans

• SBA loans
• Commercial loans for:
  • Warehouses
  • Multi-families
  • Gas Stations
  • Assisted Living Facilities
  • Many more
• Minimum loan amount is $200,000

Many other options besides the programs listed on this page. Feel free to call us at 954-400-0488 or send us an email to jmalo@myfloridamortgages.com with your specific
scenario.