Loan Programs 

Image by Jessica Rockowitz
Image by Jessica Rockowitz

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Image by Jessica Rockowitz
Image by Jessica Rockowitz

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Conventional Loans

Conventional loans are not guaranteed or insured by the Veteran's Administration (VA) or Federal Housing Authority (FHA).

* Max Loan amounts up to $484,350 (in FL)

* Down payment from 3%  and up

* Down payment less than 20% require Mortgage      insurance.

FHA Loans

Insured by the Federal Housing Administration (FHA), these loans typically have lower down payments and more flexible credit requirements than non-government-backed loans.

* Max loan amount in central Florida $314,827

* Minimum down payment 3.5% of purchase price

* Only for financing a primary residence

* Two types of mortgage insurance (MI) are required:

  - Upfront MI- can be financed into the loan

  - Annual MI- paid monthly as part of the mortgage            payment.

Army Soldiers
Army Soldiers

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Army Soldiers
Army Soldiers

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Happy Young Family

VA Home Loans

the government created the VA Loan which is a government-insured mortgage program to minimize down payments, lower closing costs, and help those currently serving and veterans achieve the dream of homeownership.

* Down payment 0%

* VA interest rates and APR's tend to be lower when compared       to other home loan mortgage programs

* No Mortgage insurance require