Scroll down to see some of the lending options for buyers.
Many mortgage lenders have options not available through banks.
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We can also connect you with reliable home inspectors to take the worry out of making a purchase; especially when finances are tight.
HFA Plus Second Mortgage
You make no monthly payments and 20% is forgiven each year. So, after five years, you owe nothing. It’s a gift!
Borrowers utilizing these down payment and closing cost programs receive 3%, 4% or 5% of the total loan amount in a forgivable second mortgage. This second mortgage is forgiven at 20% a year over its 5-year term when used with Florida Housing’s conventional HFA Preferred for TBA or HFA Advantage for TBA first mortgage products. The “PLUS” Second Mortgage is available only with these conventional first mortgage products.
For more information, please click the link below.
Investment Property Option
Special Loans for Rental Property
What’s a DSCR loan?
It’s a no-income-doc loan for investment properties and 2nd homes, where the buyer qualifies based on the property’s rental income — not their personal income. If the expected rent covers the mortgage payment, they can get approved.
It’s perfect for buyers who:
- Are self-employed or don’t show enough income on paper
- Want to purchase a rental or second home
- Have been denied by a retail bank.
Retail banks do not offer this loan option and most agents don’t know this is even possible — but you do now.
Let us connect you with a mortgage lender to answer your questions and assist with this process.