Winter Haven Florida’s most prestigious First-Time Loan lender programs for Homebuyers. We assist the borrowers of Winter Haven Florida to qualify for the most favorable mortgage rates for First-Time Home Buyers, FHA Loans, HomeReady Loans, VA Home Loans, Jumbo and Non-QM Loans to exceed your borrowing needs.
First Time Home Buyer Winter Haven Florida
CambridgeHomeLoan.com has a number of First time home buyer loan programs from simple W2 employees to full 2 year tax returns, self employed loans, Non QM loans and more with low down payments and fees. Contact us today to craft the loan that best fits your needs. Some qualifications below.
FHA First Time Home Buyer and HomeReady Program Terms
Qualify for a 3% down Home Loan in Winter Haven Florida. Use this application to pre-qualify and start shopping for your new home in Winter Haven Florida today! Purchase, Refinance, Cash Out Refinance.
Contact us to find out what the loan limits in the county you would like to purchase in. Call now 800-826-5077.
Prequalify now to see how much of Loan you can qualify for.
Benefits of Being A First Time Home Buyer In Winter Haven Florida
Things To Do In and Around Winter Haven Florida
- LEGOLAND® Florida Resort (Lego-themed hotel with a pool & dining)
- Bok Tower Gardens (Tranquil gardens with a “singing” tower)
- LEGOLAND Florida Water Park (Water park and park and garden)
- Cypress Gardens (Botanical garden with native plants)
- Lake Link (Fishing, lake and river)
- Peppa Pig Theme Park (Amusement park)
- Conventional mortgage – Fannie Mae and Freddie Mac both back the Conventional mortgage program, which only requires 5 percent down Click Here to qualify.
Like most conventional low-down payment mortgage programs, the borrower is also required to pay for (PMI) Private Mortgage Insurance, which will be an additional cost with their monthly mortgage payment.
- HomeReady mortgage – Fannie Mae’s HomeReady mortgage program also requires just 3 percent down (with PMI, although it might be less expensive), and offers more flexible underwriting.
- Home Possible mortgage – Freddie Mac’s Home Possible mortgage program is similar to the HomeReady mortgage, with a 3 percent minimum down payment.
FHA Loans Winter Haven (Federal Housing Administration): FHA loans are government-backed loans designed for first-time homebuyers with lower credit scores. They require a smaller down payment (3.5%) but come with mortgage insurance premiums.
VA Loans (Department of Veterans Affairs): VA loans are available to eligible veterans, active-duty service members, and certain surviving spouses. These loans offer 100% financing and generally have competitive interest rates.
Jumbo Loans Winter Haven: Jumbo loans are used for high-value properties that exceed conventional loan limits. They typically require larger down payments and have stricter credit requirements.
Fixed-Rate Mortgages: Fixed-rate mortgages have a constant interest rate over the loan term, providing predictable monthly payments. Common terms include 30, 20, or 15 years.
Adjustable-Rate Mortgages (ARMs): ARMs have interest rates that can fluctuate after an initial fixed period. They often start with lower rates but can increase over time based on market conditions.
Interest-Only Loans: Interest-only loans allow borrowers to pay only the interest for a specified period, typically 5 to 10 years. Afterward, payments increase to cover principal and interest.
Reverse Mortgages: Reverse mortgages are designed for seniors aged 62 and older. They allow homeowners to convert home equity into cash, with loan repayment deferred until the homeowner sells the home, moves out, or passes away.
Non-Qualified Mortgage (Non-QM) Loans: Non-QM loans are for borrowers who don’t meet conventional mortgage standards are self employed or do not have a w2 to possibly tax return to show income. Various types include:
Profit and Loss (P&L) Loans: Suitable for self-employed individuals who may have fluctuating income. Closest thing to a no doc loan.
Statement Loans: Based on bank statements rather than tax returns, beneficial for those with non-traditional income documentation.
Foreign National Loans: Tailored for non-U.S. citizens or non-permanent residents.
Asset Depletion Loan: Uses assets like retirement savings, trust funds, treasuries, etc., to qualify you for a loan.
DSCR Loans: A DSCR loan is typically used when purchasing under an LLC or company and can provide up to 85% LTV. The DSCR loan is based on the assets income and not focused primarily on the borrower. There is no borrower income or employment requirement.
Fix and Flip Loans: Fix and flip loans are short-term financing options for real estate investors purchasing, renovating, and reselling properties. These loans often have higher interest rates but shorter terms. The can close in as fast as 5 days and provide up to 90% LTV.
Winter Haven is a city in central Florida, known for its canal-linked Chain of Lakes. Several lakes have waterside parks and eateries, as well as boat ramps and water-sports rentals. On Lake Eloise, Legoland Florida Resort includes Cypress Gardens, a 1930s botanical garden, and Lego-brick attractions, rides and a water park. West of the city, Circle B Bar Reserve has forest trails and alligator-inhabited wetlands.
Schools in and around Winter Haven
601 Avenue C SE · +1 863-291-5300
Winter Haven High School
600 6th St SE · +1 863-291-5330
Jewett School of the Arts
2250 8th St NE · +1 863-291-5373
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