Best Mortgage Rates Florida

Best Mortgage Rates in Florida Program:
* As low as 3% Down
* FICO score as low as 550
* Close as fast as 15 Days!
* First Time Home Buyers Welcome
* FHA Home Loans with 3.5% Down!
* VA Home Loans – No Money Down!
* Foreign National and ITIN Loans
* Business Owners No Doc Loans!
* Non-QM Experts!


Securing a mortgage loan in Florida is a pivotal step towards homeownership, and navigating the diverse real estate landscape of the Sunshine State requires a trusted partner. At, we specialize in providing tailored mortgage solutions designed to meet the unique needs of Florida residents. Whether you’re a first-time homebuyer or looking to refinance, our team of experienced professionals is dedicated to guiding you through the process with transparency and expertise. Discover competitive rates and personalized service as you embark on your homeownership journey in Florida.

Mortgage Loan Florida Loan Programs can help guide you to setup the best mortgage rates and terms in Florida From a first time home loan to a Jumbo Loan for a second home or vacation home in paradise.


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Best Mortgage Loans Florida  
Start with knowing the right program that best fits your needs. Contact to find out today!


  • Conventional mortgage Florida – 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 Loan Florida (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.

    FHA 203k Loan Florida (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 Loan Florida (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.

     USDA Loans (United States Department of Agriculture): USDA loans are intended for rural and suburban homebuyers with low to moderate incomes. They provide 100% financing and often have lower interest rates.

    Jumbo Loan Florida: 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:

Florida Profit and Loss Home Loan (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 Florida 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 LoansFix 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. For more information contact


Qualifying for a mortgage in Florida, as in other locations, involves several key factors that lenders consider. Keep in mind that specific requirements can vary among lenders, so it’s advisable to consult with a mortgage professional for personalized guidance. However, here are common criteria that lenders typically assess:

Credit Score:– A higher credit score is generally associated with better mortgage terms. can provide a mortgage with a minimum credit score of FICO 550.

Income and Employment:– Lenders assess your income and employment history to ensure you have a stable source of income to make mortgage payments. Consistent employment and sufficient income are crucial factors and these vary from W2 employees to self employed borrowers

Debt-to-Income Ratio (DTI):
Lenders calculate your debt-to-income ratio by comparing your monthly debt payments to your gross monthly income. A lower DTI ratio is generally favorable, indicating that you have more income available to cover your mortgage payments.

Down Payment:– The amount of money you can put down as a down payment affects your loan-to-value ratio and can impact your eligibility and interest rates. While some loan programs allow for low and even no down payments, a larger down payment can be advantageous and lower your interest rate and monthly payments. 

Property Appraisal:– The property you intend to purchase must typically undergo an appraisal to determine its value. Lenders want to ensure that the property’s value supports the loan amount.

Loan-to-Value (LTV) Ratio:– The LTV ratio is the ratio of the loan amount to the appraised value of the property. Lower LTV ratios are generally more favorable.

Reserve Requirements:– Some loan products may require you to have cash reserves or savings to cover a certain number of months’ worth of mortgage payments.

Documentation:– Be prepared to provide documentation such as tax returns, W-2s, pay stubs, bank statements, and other financial records to verify your financial stability and eligibility.

Type of Loan:– Different loan programs have varying eligibility criteria. FHA, VA, and conventional loans, for example, have different requirements. Non QM loans also provide additional options for Business owners, Jumbo Loans and Foreign Nationals.


The documentation required for a mortgage loan can vary depending on the type of loan and the lender’s specific requirements. Here’s a general overview of the documentation commonly needed for FHA loans, VA loans, and Non-QM (Non-Qualified Mortgage) loans:

FHA Loans:

1. **Personal Information:
– Social Security number.
– Valid photo identification.

2. **Income Verification:**
– W-2 forms for the past two years.
– Pay stubs covering the most recent 30 days.
– If self-employed, tax returns for the past two years 
and current profit and loss statement.

3. **Employment Verification:**
– Verification of employment (VOE) or recent pay stubs.

4. **Asset Information:**
– Bank statements for the past two months.
– Documentation of other assets such as retirement accounts.

Mortgage Lender Fort Myers

5. Credit Information:– Authorization to pull credit reports.

6. Property Information:- A signed purchase agreement for the property.

7. Gift Letters (if applicable):- If using gift funds for the down payment, a gift letter from the donor may be required.

8. Miscellaneous Documents:- Other documents as required by the lender, such as explanations for derogatory credit.

VA Loans: VA Loans are no money down home loans for active and retired military 

1. **Certificate of Eligibility (COE):**
– Form DD-214 or Certificate of Eligibility from the VA.

Employment Verification:**– Verification of employment (VOE) or recent pay stubs.Non-QM Loans:

Non-QM loans are often designed for borrowers who don’t meet the traditional mortgage criteria. Documentation requirements can vary widely depending on the specific lender and the borrower’s unique situation. Some common documents may includ

1. **Income Verification:**
– W-2 forms or 1099s.
– Pay stubs or proof of income for self-employed borrowers.

2. **Employment Verification:**
– Verification of employment (VOE) or other income documentation.

3. **Asset Information:**
– Bank statements and documentation of other assets.

4. **Credit Information:**
– Credit reports and proof of creditworthiness.

5. **Property Information:**
– A signed purchase agreement or other property-related documents.

6. **Special Circumstances:**
– Documentation related to any unique circumstances that impact the borrower’s ability to qualify for a conventional loan.

12 Month Bank Statement Loan

Qualify with just 12 months of business or personal bank statements.
Learn More

P&L Only Home Loan

Qualify with just a P&L From Your CPA or Accountant! Learn More

FHA Loan Program For First Time Home Buyer Florida

FHA guidelines for Employment history and loan income requirements?

A two-year employment and income history is required for both employees and self-employed borrowers by way of pay stubs, tax returns and W2s or 1099s.

Borrowers with court ordered alimony and child support must document receipt of the income for a minimum of three (3) months and proof that it will continue for at least three (3) years.

FHA Loan Income Requirement

FHA guidelines for Employment history and loan income requirements?

A two-year employment and income history is required for both employees and self-employed borrowers by way of pay stubs, tax returns and W2s or 1099s.

Borrowers with court ordered alimony and child support must document receipt of the income for a minimum of three (3) months and proof that it will continue for at least three (3) years. FHA Loans are one of the most popular loans in Orlando and around the country today due to the low credit requirement and downpayment necessary to purchase a home.

Florida HomeReady Mortgage
Low down payment HomeReady® Home Loan

HomeReady Mortgage confidently serves today’s low-income credit worthy home borrowers.

The HomeReady® loan is a low down payment home loan program that for offer 3% down. Credit scores however are higher than FHA loan with starting requirements for a FICO at 620  vs 580. 

This may be offset by the lower capital contribution required of 3% vs 3.5% .  Cash for a down payment can come from multiple sources including grants, gifts and community seconds with no minimum requirement to use your personal funds.  The program is great for developer built new home loans.

The HomeReady® home loan mortgage program requires you to take a quick course about home ownership. You can check  the education requirements for this program HERE


Vacation Home Mortgage Options Floria

Vacation Home Loans in Florida is one of the best investment and lifestyle moves you can make. can provide low down payment products. With low-interest rates, tax advantages, and appreciation of value why not invest in a vacation home. Apart from the immediate benefit of having a place to stay in your favorite vacation spot, the peripheral rewards of owning a vacation home can make the acquisition especially lucrative, especially if you plan to rent the property when you’re not using it.

If you have been thinking about buying a vacation home in Florida but aren’t sure if you’d qualify, you may find the process easier than you think.

Typical Second Home Mortgage Loan Requirements:

  • 10% minimum down payment
  • 620+ Credit Score
  • 45% or less Debt-to-Income Ratio
  • No Recent Bankruptcies or Foreclosures
  • Verifiable Income has vacation home loans from FHA second home loans to P&L and Statement Only loans for business owners buying a vacation home for their own use and investment home loans for Airbnb and investors in the Florida Market.

Commercial Real Estate Loans
Value Added 100% Financing
Cash Out Refinance!