If you have an existing mortgage with a low interest rate and want to tap into your home’s equity without altering your first mortgage, we offer several Home Equity Loan Solutions tailored to your needs. These include Home Equity Lines of Credit [ HELOC ] and Home Equity Loans [ HELOAN ], also known as a second mortgage.

For those who are a Business Owner or are Self-Employed and are moving to The Villages, FL, you may need a Bank Statement, a One-Year Tax Return, 1099 or a P & L loan.

If you are retired and draw on your assets when money is needed, we offer an Asset Depletion / Qualifier Mortgage that uses your assets as your income. If you have a lot of assets, but show little-to-no income on your tax returns, an asset qualifier loan may be for you. Asset Qualifier loans are also known as “asset based mortgages”. Some people even refer to them as “no income, high asset loans”. How our asset qualifier loan works is we take your total assets and divide that total by 60 [ the minimum number of months in a 5 year mortgage needed for or qualification ]. When calculating the total amount of your assets, you can use 100% of what is liquid (such as bank accounts, stocks, retirement accounts, etc..) if you are 59.5 and older. If you are less than 59.5 years old, the retirement funds are calculated at 50% of face value. 

For Real Estate Investors, we offer ways to mortgage your investment property with a traditional investment property mortgage, Fix and Flip Loan, or utilize our DSCR [  Debt Service Coverage Ratio ] Program that uses the property’s annual net operating income vs it’s mortgage payment to qualify. If you are planning to buy a new home before selling your current home and need cash for the down payment and closing costs, a short term Bridge Loan maybe a good option for this solution. If you purchased your home with cash in the last 90 days and want to get cash out, be sure to look at our Delayed Financing Mortgage Program.

If you prefer to build your own home in the area, we offer New Construction Loans if you have purchased land and wish to build your home with your builder. The existing land loan [ if applicable ] can be consolidated into new construction loan and the interest rate at closing may qualify for an interest rate float-down adjustment during the construction period to permanent financing. If you need to buy land, we do offer Land Loans to use in conjunction with our New Construction Loan Programs.

Contact one of our Florida Mortgage Experts for a Consultation, or use our Home Purchase Qualifier to expedite your Mortgage Pre-Approval, or get a customized Mortgage Rate Quote with no personal information needed.