Home Buyers In Florida

Home Buyer Home Loans

As you begin your journey to homeownership in Florida, Capital Lending Corp. would like to congratulate you on making a smart decision. As a home buyer, it's important to understand the Florida real estate market has its up and downs, but owning a home in Florida has consistently been a great way to build financial security and net worth.

Every prospective Florida home buyer comes to us with a unique set of circumstances. You are unique. Your circumstances are not exactly like any of the hundreds of home buyers that we have matched with a quality home loan that afforded them the opportunity to become Florida homeowners.

As Florida mortgage brokers, we are better equipped than any single Lender to help you find the best mortgage for your home purchase. We have access to the best programs across many of the top Florida lenders. This variety in selection allows our team to secure the lowest rates and best terms for our home buyers. No single Lender has this capability.

We're not the largest mortgage broker in Florida, but we do provide a level of personal service that every Florida home buyer deserves.

Buying a home is personal. At Capital Lending Corp., we will listen to your needs, take the time to get to know you, and want to understand your objectives. We know, to recommend the right long-term Home Loan solution, understanding your individual circumstances and needs is critical to providing superior service and recommending the right loan programs.

Whether you're a first time home buyer seeking sound advice and low rates or an experienced investor seeking great non-owner occupied financing for income property - we'll be glad to show you why Capital Lending Corp. is among the fastest growing mortgage companies in Florida. Call 1-866-924-4111 to learn more about all of your exciting Florida home buyer loan programs.

We are pleased to offer fixed rate mortgage programs from Florida's top lenders including:

• 40 year fixed rate mortgages - a great combination of affordable monthly payments and fixed rate stability. You do not need an ARM to get reasonable payments!
• 30 year fixed rate mortgages - the most popular mortgage product among Florida homeowners. We have outstanding rates and terms for this popular home loan option.
• 20 year fixed rate loan programs - Build equity more quickly with monthly payments that are still not much more than with a 30-year loan. The interest saving can be substantial for Florida borrowers who can qualify for the slightly higher monthly payment loans.
• 15 year fixed rate home loans - Florida residents with an eye to getting to paid off in half the time of a traditional 30-year mortgage love this fast equity building mortgage option.
• 10 year fixed rate home mortgage - Florida home buyers that can Afford to use this option for investment property or for homesteaded property can build equity quickly and save a substantial amount on mortgage interest on their Florida home purchase.

The 40 year fixed rate home loan is an excellent option for someone who might otherwise be considering an ARM to qualify for a loan with an affordable payment. The longer term means more interest, but with rates at historically low levels, a fixed rate loan makes the most sense for many of our Florida Mortgage clients.

To discuss which of the great programs can help make your Florida homeownership a reality, call Capital Lending Corp. at 1-866-924-4111 or use our Quick Inquiry form and one of our loan reps with call you at the time you specify. From Tallahassee, FL to Miami, FL - Capital Lending Corp. has been delivering the long-term stability of fixed rate home loans to financially shrewd Florida home buyers. Call us today!

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Florida Home Buyer Programs With No Money Down

The current real estate market is so good that the number of motivated sellers and record low interest rates tempts many people without a nest egg saved up to take advantage of the many no money down programs available to home buyers.

A lack of savings should not prevent you from owning a Florida home. Although back in the bad old days, lenders insisted upon 20% down as a condition of granting loan approval, now there are many loan programs that allow people to become Florida homeowners with no downpayment.

Capital Lending Corp. is pleased to offer fixed and adjustable rate mortgage programs for Florida home buyers. Here are the details on just one of our no money down options for qualified Florida home buyers:

• 106% financing on a fixed rate fully amortizing home loan
• No mortgage insurance required
• Allowance to finance closing costs and prepaids on your Florida home purchase
• Fixed or 5/1 Libor ARM options
• Florida mortgages for home buyers with properties valued up to 650k
• Seller can contribute to buy down your interest rate on your Florida mortgage!

Do not miss the exceptional opportunities presented by today's Florida Real Estate market because you do not have savings. Call Capital Lending Corp. at 1-866-924-4111 or just complete our Quick Inquiry for more information on a no money down mortgage.

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103% Financing For Florida Home Buyers

Sometimes finding the right home loan solution for a borrower without much saved up requires a little creativity on the part of a Florida Mortgage Broker. We have searched out the best programs for borrowers who need a lender willing to approve a Florida loan for purchase price plus 3%.

For qualified mortgage applicants, a Capital Lending Corp. Loan Officer can unlock the door to home ownership with a 103% Florida mortgage program.

• 103% financing on a fully amortizing loan
• Prepaids and other closing costs may be included in the loan in most cases
• 30 year fixed rate option on this Florida home loan program
• 5/1 ARM option with full amortization
• Up to 45% debt-to-income ratio allowed
• 103% financing for Florida home buyers on properties up to 650k
• Seller contributions to buy down interest rate are allowed
• Use of funds from gift programs is allowed in most cases

A lack of savings should not bar your way to becoming a Florida homeowner. Call Capital Lending Corp's Florida mortgage pros today at 1-866-924-4111! Let us show you to find how you can use 103% financing to buy your Florida home.

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Programs For Florida Home Buyers with 100% Financing

It's a buyers market out there and your Florida Realtor® may very well be able to negotiate with the seller to assist you with closing costs. With a 100% mortgage program and a cooperative seller, you may be able to buy your Florida home with no money out of pocket!

Although many mortgage programs exist to finance 100% by means of an 80% first mortgage and a 20% Second Mortgage (sometimes called an 80/20 piggy back mortgage), Capital Lending Corp. has single loan 100% financing options.

The advice of your Capital Lending Corp. mortgage specialist can be invaluable in finding you the most advantageous way to structure 100% financing. Although PMI is now deductible in many cases, it is still worth running the numbers to make certain that you have the right loan (or set of loans) to meet your long-term home buying needs.

Our 100% financing options include the following features:

• Both Conforming and Florida Jumbo Mortgage Options
• First mortgage options up to 850k
• Full doc and partial documentation loan options - including stated income and no income verification options
• Options available for borrowers with higher than average debt to income ratios
• Some 100% programs can be structured to avoid mortgage insurance
• Some 100% programs have flexible Credit Score standards
• Three year and five year Interest Only Loan options with full amortization

For a free consultation on any of our 100% financing options for Florida home buyers, call 1-866-924-4111 or apply for a mortgage securely online.

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80/20 Combo Home Loans

80/20 Piggyback Mortgages for Florida Home Buyers

Florida mortgage brokers figured out a long time ago that there is more than one way to structure a 100% financing home loan. Because so may Florida loan applicants wanted no money down financing and no private mortgage insurance, lenders devised 80/20 piggyback loans.

These 80/20 mortgages combine a first mortgage for 80% of the purchase price with a simultaneously closing second mortgage for the remaining 20% of the purchase price. On a typical thirty-year mortgage in Tampa, Florida - a home buyer can save a hundred to a hundred and fifty dollars a month.

At the same time, those who elect PMI can remove the cost once they can show they have 20% equity. It's worth speaking to your Capital Lending Corp. mortgage representative about the best way to structure your Florida mortgage based upon the current market. We will be happy to run the numbers and develop a few scenarios so that you can be certain you are getting the right Florida home loan programs for your 100% mortgage in Tampa, FL or any of the other great cities we serve. Call 1-866-924-4111 to speak with a mortgage specialist or inquire using our secure Quick Inquiry form.

Our 80/20 mortgage programs for Florida home buyers include:

• Conforming, Florida Jumbo and Florida Super Jumbo mortgage programs
• Full and limited documentation options
• Home Buyer and Florida Investor 80/20 mortgages
• Interest only options work with the 80/20 mortgage
• Fixed and adjustable rate home loan programs

If you are looking for an option that can save you the out of pocket for PMI and still deliver the keys to your Florida home with no money down, don't delay. Call 1-866-924-4111 or use or Quick Inquiry application for your 80/20 mortgage online right now!

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97% Finance Programs for Florida Home Buyers

The 97% financing program originally came about to serve First Home Time Buyers who traditionally lack the downpayment of move up buyers because they do not have the proceeds from the sale of another home.

Lenders wanted to expand their ability to make loans to Florida residents and they determined that the default rate on home loans with 97% financing was not different from those of borrowers who put down more.

Now 97% financing programs are open to first time home buyers and experienced homeowners in West Palm Beach and in the other cities served by Capital Lending Corp.

Even for those with less than perfect Credit, a 97% mortgage can be an excellent way to gain homeownership with a small downpayment. Because we serve a high number of Florida first time home buyers, Capital Lending Corp. representatives are very familiar with the 97% loan programs from all of Florida's top lenders.

Our 97% home loan programs include these key features:

• Conforming and Non Conforming Options (Florida Jumbo and Super Jumbo Available)
• Loans up to 850k with 97% financing
• Downpayment charity gift programs are allowed in most cases
• Full and partial documentation mortgage options
• Florida loan programs for owner occupied and investors including single family homes, duplexes, triplexes, and townhomes
• Some programs do not require mortgage insurance
• Both fixed rate and ARM options available to Florida home buyers

Sorting out the right 97% home loan program can be complex and it's important that you get the best combination of interest rate and terms for your unique situation. To discuss how our loan pros can tailor a 97% mortgage program to fit your Florida home buying goals, call 1-866-924-4111 or use our Quick Inquiry form and a Florida mortgage specialist will call at the time you specify!

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80/10 Home Loans for Florida Home Buyers

A close relative of our 80/20 mortgage programs, the 80/10 is an ideal home loan program for the home buyer who wants to avoid private mortgage insurance yet only needs 90% financing. It uses a first mortgage that covers 80% of the value of the property combined with an interest only Home Equity loan.

The reasons that it might make sense for a borrower to do a pair of loans instead of a single 90% mortgage really depends upon the unique circumstances of the loan applicant. However, in virtually all circumstances, the primary reason is avoiding unnecessary private mortgage insurance, which is typically required on loan amounts which exceed 80% LTV.

We have matched Florida home buyers with excellent low rate 80/10 mortgage programs to finance single-family homes in Brandon, FL and used these flexible loan programs with equal success for seasoned buyers looking to bank some equity after the sale of an existing home in Boca Raton, Florida.

To see how these 80/10 combo loans could move you from home buyer status to homeowner, call Capital Lending Corp. today at 1-866-924-4111 or use our secure Quick Inquiry Florida mortgage form.

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Downpayment Assistance For Florida Home Buyers

Many governmental agencies and private public partnerships exist to provide help to Florida home buyers who want to purchase new or existing Florida homes, yet lack the downpayment necessary when it's required by the loan programs you can qualify for.

Most of these assistance programs have income ceilings and some limit the price range of the homes that home buyers can get downpayment assistance to purchase. You can save yourself a lot of frustration and lost time by working with an experienced Florida mortgage broker from Capital Lending Corp. We have helped scores of Florida home buyers make good use of the benefits and downpayment assistance offered by these non-profit housing agencies.

In many cases, the downpayment assistance comes in the form of a grant that is forgiven over a period of years. These are also known as silent second mortgages as they have no monthly payment, nor interest accrual. It's interest free money for those who know about the assistance programs and know where to apply and how to work within these housing program guidelines.

Even if you have a downpayment or you are using a no money down program to purchase, you can still use the funds to reduce the amount you're financing, in addition, many also pay part of your closing costs. This can let you buy down you interest rate or simply bank the savings over the life of a 30-year mortgage.

To learn more about downpayment assistance programs for Florida home buyers, call Capital Lending Corp. at 1-866-924-4111 or use our Quick Inquiry form and one of our trained home loan pros will call you with the lowdown on downpayment assistance.

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Document Checklist for Applying for A Mortgage

The documentation needed to process your application for a Florida home loan varies depending on the mortgage program. Nevertheless, this checklist can be very handy in assembling the documents needed to apply for most of our non-specialty mortgages.

You can significantly speed the time to Process your mortgage application by gathering these documents:

• Income Verification Docs for Florida Home Buyers
  • Employment information for the previous 2 years
  • Paycheck stubs with year to date earnings
  • W-2s for the previous two years of employment for the Florida home loan applicant
  • For Floridians who are self employed, most recent tax return, all schedules and year to date profit and loss statement from your Florida CPA or book-keeper
• Property Documents for Florida Home Buyers
  • Purchase agreement fully executed for the Florida home you are buying
  • Owned real estate-mortgage statements
  • Copy of:
    Owner's policy
    Warranty deed
    Survey
    Homeowner's insurance declaration page
    Renting - Landlord contact information
    12 months of canceled checks
• RESPA Documents for Getting a Florida Mortgage
  • Copy of:
    Social Security card
    Florida Driver's License
    Alien Residence Card

Again, the documents required for approval of your Florida mortgage differ depending upon the finance program that you are using to purchase your Florida home. If you have any Questions on what documents are required for your mortgage application, call 1-866-924-4111. We'll be happy to give you a prompt and courteous answer and get you on the path from Florida home buyer to Florida homeowner.

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