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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.

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