First Florida Financial Group, Home Page

First Florida Financial Group, LLC

“We say YES when banks say NO”

We Specialize in Closing Loans that other Lenders Have DENIED!

We Close 99% of all purchase transactions in 20 to 30 days.

Here is our list of Loan Programs!

· FHA and VA Credit Scores as Low as 530

· Condo's Loans! We Close Loans on 95% of all Condo & Condo-Tel Buildings in FL, No Delinquency Requirement, NO Questioner or Budget Review Required

· Foreign National’s 70% Loan To Value

· Jumbo Loans up to 90% Loan To Value

· Mobile Homes Single and Double Wide, First & Second Homes

· USDA Purchase and Refinance

· Rehab 203k FHA Loans and Repair Escrows allowed on Conventional Loans

· HUD REO’S $100 down payment with Repair Escrows up to 5,000

· Construction Loans

· No 90 Day FHA Flipping Rules, That Limit the Seller's Profit

· Upside Down/Neg. equity in Buyers Current Home and want to buy are NO Problem

· FHA Short Refinance’s

· Fannie Refinance up 125% Loan To Value

· Investors with up to 10 Properties currently Financed are ok

· No Minimum Credit Report Trade Lines Requirement

· 1 Year Tax Returns for Self Employed Borrowers

I pride myself on providing the best customer service possible;

Same day pre-approval’s and I’m available most evenings and weekends.
Constantly communicating accurate loan status updates and on time loan closings.
Clear understanding of today’s constantly changing underwriting guidelines.
Offering the most extensive and broad range of loan products available today.
Being committed to providing the highest level of customer service possible.

My name is Eddie Hoskins, President and CEO of First Florida Financial Group, LLC. I’m originally from up state New York and moved to beautiful southwest Florida in 1983. After a long successful career owning and operating automotive dealerships and a large automotive finance company I opened First Florida Financial Group. Over the years, I have enjoyed originating loans and building long lasting relationships with consumers, builders and realtors.

Our Loan Program Details

FHA Loans

Minimum 530 and No Credit Scores
3.5% Down Payment (can be gifted)
6% Seller Concessions Max
Alternative credit is ok (Rent, Auto Ins and Utility pmts etc.)
Limited Trade Lines on Credit Report

Below 620 Credit Score FHA Borrower Requirements.

Verification of rent from rental agency or 12 mos. cancelled checks or 6 mos. PITI reserves.
Payment shock over 150% requires 3 to 6 mos. PITI reserves.
Alternative credit is ok (Rent, Auto Ins and Utility pmts etc.)

Freddie and Fannie Insured Condo Loans!

Condo Project Requirements for Fannie and Freddie Insured loans.

No litigation (Foreclosures are ok).
Developer has transferred control of the association to the individual unit owners.
The project must be 100% complete with no additional phases to be built.
At least 90% of the total units sold and close.
Must not be a resort condominium or condotel.
No one entity can own more that 10% of the units

Fannie and Freddie Insured Condo loan Buyer Requirements.

Primary residences 25% down payment.
Second homed 30% down payment.
Minimum Credit Score 620.

Non-Warrantable Condo & Condotel's Loans.

Non-Warrantable Condos are projects that Fannie and Freddie won't insure due to;

Loan amounts are too high.
Too many investor or bank owned units.
High delinquency % on HOA Due's.
Condo associations that don't keep track # of owner occupied and investor owned units.
Square footage of unit is too small.

Non-Warrantable Condo Buyer Requirements.

Minimum 680 Credit Score.
Primary Residences 80% LTV.
Second homes 75% LTV.
Investment purchases 70% LTV.
12 months PITI reserves required for all properties owned.
Jumbo loans are ok.

VA Loans

Minimum 530 credit score
4% Seller Concessions Max

Jumbo Loans

Minimum 680 Score and up to 80% LTV
First & Second homes
Acreage and unique properties
Construction to Permanent financing
Non-warrantable Condo's and Condotel's
$3,000,000 max loan amount

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USDA-Rural 100% Financing

Minimum 620 Score
No Down Payment Required
No Monthly Mortgage Insurance Premiums
No Limit on Seller Concessions For Closing Costs
Primary Residence Only
Finance All Closing Costs up to the Appraised Value
First Time Home Buyers Allowed
Borrower may not own other Suitable Housing
No in ground swimming pools allowed

Moderate income families only and property must be located in a Rural Development eligible area, See eligibility website http://eligibility.sc.egov.usda.gov

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Rehab 203 k FHA Loans

Minimum 620 Score
Great tool for (REO) Bank Owned Properties that need repairs
Single loan closing
Non Resident Co-Borrowers are ok
Primary Residences Only

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Manufactured Homes

Minimum Loan Size on is $45,000
Doublewides only on permanent foundations
Maximum AGE 10 years, 15 years with 680 Score
Minimum 620 Credit Score (580 for new construction purchases)
FHA Loans Only (Must Be Primary Residence)
Construction to Permanent financing for new purchases available.

Loan Programs Flyer

First Florida Financial Group, LLC makes no warranty or guarantee of a loan approval, credit score increases, loan closings, foreclosure prevention, nor is such inferred or implied. Borrower qualification is required and program availability & guidelines is/are subject to change without notice. Other terms and conditions may apply.

(*) 4.875% interest rate 5.630 APR, on a 5 year fixed-rate term. Assume 180,000 loan, on a purchase transaction, primary residence, full doc, 720 mid credit score, 20% down payment plus all closing costs. resulting payments equal $952.57 monthly, principle & interest. Ins & taxes may be additional, and not necessarily included. Annual Peercentage Rate 5.630% .

First Florida Financial Group, LLC 8695 College Pkwy Ste 1141 Fort Myers, FL 33919

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