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.