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First Florida Financial Group Blog

VA Jumbo Construction Mortgage Loans!

What is a Florida VA Jumbo Construction to Permanent Mortgage Loan and how does it work?

Are you a veteran or member of the U.S. military who needs a very large loan amount for your home? Great news! First Florida Financial Group LLC is proud to offer the VA Jumbo Construction loan with loan amounts up to $1,094,625.

No Down Payment on the first $424,100 then you simply put 25% down payment over the amount over $424,100. Jumbo construction to permanent mortgage loans combine the features of a construction loan and a traditional long term 15 or 30 year fixed rate residential mortgage loan with a single loan closing prior to the start of construction. This is a big advantage because most construction loans require two closings one for construction and then another one when the home has been completed, saving you time and money. One of the best things is that you don't pay any interest or mortgage payments during the construction of your new home. The mortgage and builder approval process takes 60 to 90 days from start to finish and we allow the builder up to 8 months to complete the construction. 

Here's an example of a Florida VA Jumbo Construction Loan transaction: you are an eligible veteran who has just found your dream home, and it costs $600,000. Your maximum VA home loan amount would be $424,100 with a $0 down payment. You, simply put down 25% over the amount over $424,100, which would be 25% of $175,900 or just $43,975. In effect, you're purchasing your new home with a down payment of just $43,975. Plus closing costs, a lot less than a standard 20% mortgage down payment - and you are getting the full benefit of a Florida Jumbo VA Home mortgage in the amount of $556,025

Posted by Eddie Hoskins on April 22nd, 2017 4:26 PM

80 10 10 Piggyback Second Mortgage Loans!

What is a 80 10 10 Piggyback Second Mortgage Loan and how does it work?


A 80-10-10 Combination Loan is a piggyback loan option that allows customers to make home ownership a reality with as little as 10% down. The 80-10-10 Combination Mortgage Loan consists of a first mortgage for 80% of your home's value or sales price and a variable rate second mortgage as a piggyback loan for 10%.

What are the benefits of doing an 80-10-10 Piggyback Second Mortgage Loan?

  • It's a great way to avoid paying mortgage insurance (PMI).
  • Great option to avoid a Jumbo Mortgage and the strict underwriting and reserve requirements.
  • We use this second mortgage to get primary & second home condo and single family residence mortgage loans approved.
Posted by Eddie Hoskins on April 22nd, 2017 4:25 PM

Miami Jumbo Mortgage Loans! "We Think Outside the Box"

Miami Jumbo Mortgage Loans Financing Requirements

  • 10% Down Payment & 90% loan to value for owner occupied.
  • 15% Down Payment Investment Jumbo Mortgage Loans 65% loan to value.
  • $3,000,000 maximum loan amount.
  • $10,000,000 Super Jumbo Max loan amount.
  • We offer competitive 15 & 30 Year Fixed and Adjustable Mortgage Rates.

Have you been turned down for a Miami Florida Jumbo Mortgage loan because;

  • You own too many properties.
  • You have more than 10 properties with mortgages.
  • Credit scores are a little too low.
  • Foreclosure or a Bankruptcy over 4 years ago.
  • Prior loan modifications.

Not to worry we close these types of loans all the time, we know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilize our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their down payment and closing costs as low as possible. 

Posted by Eddie Hoskins on April 22nd, 2017 4:25 PM

We are Experts at Florida Jumbo Mortgage Loans & 10% Down Payment Jumbo Mortgage Loans! We offer the Best Jumbo Mortgage 30 Year Fixed Rates Available.


  • 10% Down Payment for owner occupied.
  • 15% Down Payment for second homes.
  • $3,000,000 maximum loan amount.
  • $10,000,000 Super Jumbo Max loan amount.
  • 35% Down Payment Investment Jumbo Mortgage Loans.
  • 20% Down Payment second home Florida Jumbo Condo Mortgage Loans.
  • We offer the best Jumbo Mortgage 30 Year Fixed Rates & Adjustable Mortgage Rates available, Click Here to a Jumbo Mortgage Rate Quote!
  • "We Think Outside the Box"

Florida Jumbo Mortgage Loan Requirements!


  • 3 to 12 months reserves required
  • Minimum credit score of 620.
  • Purchases, Rate/Term Refinances, Cash Out Refinances.
  • First Time Home-buyers permitted.


Have you been turned down for a Florida Jumbo Mortgage Loan Because;

  • Don't have enough credit report tradelines.
  • First time home buyer.
  • Credit scores a little too low.
  • Prior Foreclosure or Bankruptcy or loan modifications.
  • Prior mortgage late payments.
Not to worry we close these types of loans all the time, we know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilize our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their down payment and closing costs as low as possible. 

If you don't meet the strict jumbo underwriting guidelines we can solve this by doing a conforming loan up to $424,100 and then do a Second Mortgage for the difference and this also eliminates the mortgage Insurance for Jumbo Mortgage Loans.
Posted by Eddie Hoskins on April 22nd, 2017 4:24 PM
Relocating to Florida and You Haven't Started Your New Job Yet & You Want to Purchase a Home Before You Start Your Job?

Then we can help.... We offer 
Employment Transfer, Expected Income and Job Offer Letter Florida Mortgage Loans with Great Rates!


A lot of people think mortgage qualifying involves evidence of current income to the tune of W2 forms and paystubs.  While this is true in many cases, there are several other ways to qualify for mortgages.  In recent months, alternative income methods have made a comeback. One qualifying income program that’s been here all along, but isn’t widely known is the future income mortgage.  What is a future income mortgage, it is exactly as it sounds – income that is not currently going into a borrower’s bank account, but is expected to arrive in the near future.

We offer FHAVAUSDA and Conventional Mortgage Loans for
 people with job relocation offer letters and are relocating to Florida, such as Teachers, Doctors and anyone who has a job offer letter or is relocating to Florida and hasn't started their new job yet. We offer great mortgage rates.

Our future income, job offer letter and employment relocation mortgages are a huge benefit to home buyers who are set to start a new job but don’t have the income from their new position until after the move.

FHAVAUSDA Loans require that your new job must begin within 60 days 
of the loan closing and 120 days for Conventional Mortgage Loans. We also allow you to use Income from cost-of-living adjustments, performance raises or Social Security Retirement income that has not yet begun. This is great for teachers who are changing schools or whose contract begins with the new school year, college students wanting to buy prior to starting their new job and a teacher whose contract begins with the new school year and a Doctor / Physician beginning residency after the loan is scheduled to close.
Posted by Eddie Hoskins on April 22nd, 2017 4:23 PM

We are Experts at Florida Jumbo Mortgage Loans & 10% Down Payment Jumbo Mortgage Loans! We offer the Best Jumbo Mortgage 30 Year Fixed Rates Available.

  • 10% Down Payment for owner occupied.
  • 15% Down Payment for second homes.
  • $3,000,000 maximum loan amount.
  • $10,000,000 Super Jumbo Max loan amount.
  • 35% Down Payment Investment Jumbo Mortgage Loans.
  • 20% Down Payment second home Florida Jumbo Condo Mortgage Loans.
  • We offer the best Jumbo Mortgage 30 Year Fixed Rates & Adjustable Mortgage Rates available, Click Here to a Jumbo Mortgage Rate Quote!
  • "We Think Outside the Box"

Florida Jumbo Mortgage Loan Requirements!


  • 3 to 12 months reserves required
  • Minimum credit score of 620.
  • Purchases, Rate/Term Refinances, Cash Out Refinances.
  • First Time Home-buyers permitted.

Have you been turned down for a Florida Jumbo Mortgage Loan Because;

  • Don't have enough credit report tradelines.
  • First time home buyer.
  • Credit scores a little too low.
  • Prior Foreclosure or Bankruptcy or loan modifications.
  • Prior mortgage late payments.
Not to worry we close these types of loans all the time, we know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilize our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their down payment and closing costs as low as possible. 

If you don't meet the strict jumbo underwriting guidelines we can solve this by doing a conforming loan up to $424,100 and then do a Second Mortgage for the difference and this also eliminates the mortgage Insurance for Jumbo Mortgage Loans.
Posted by Eddie Hoskins on April 22nd, 2017 4:21 PM
We offer Florida Employment Relocation Mortgage Loans & Job Relocation Transfer Mortgages! 

If you are Transferring Jobs, Getting a New Job or Relocating and You want to Purchase a Home Before Your Employment Begins Then we Have Mortgage Loan Options for You and
Here is How to Get a Mortgage When Relocating?


We offer FHA, VA, USDA and Conventional mortgage loans for Future Employment Relocation & Future Job Employment! No need to start your job and get 30 days of pay stubs like most banks and lenders require to close on you home purchase.

FHA, VA, USDA Loans require that your new job must begin within 60 days of the loan closing and 120 days for conventional mortgage loans. We also allow you to use Income from cost-of-living adjustments, performance raises or Social Security Retirement income that has not yet begun. This is great for teachers who are changing schools or whose contract begins with the new school year, college students wanting to buy prior to starting their new job and a teacher whose contract begins with the new school year and a Doctor / Physician beginning residency after the loan is scheduled to close.

Employment Relocation Mortgage Loans & Job Relocation Transfer Mortgage Loan Requirements.

  • New Job must be the same or similar job/position. 
  • Family member or an interested party to the new Job is not allowed.
  • Pay stub from your former employer is required.
  • Purchase transactions only.
  • Must be a Single Family, Townhome or Condo and be occupied as your primary residence.
  • Employment offer or contract MUST reflect the following.
  • The start date of employment, The salary and terms of employment, Be signed by the employer and the borrower to evidence acceptance.
  • The employment offer or contract must be non-contingent or have any contingencies of employment if it does then they must be satisfied prior to closing.
  • Cash Reserves are required to cover the qualifying payment for the loan (PITIA) for the number of months between the note date and the borrower’s start date of employment. Each partial month must be rounded up to a full month.
  • 620 Credit Score for FHA, VA and Conventional Loans.
  • 640 Credit Score for USDA Loans.
Posted by Eddie Hoskins on March 25th, 2017 3:14 PM
1% Down Payment Conventional Mortgage & Condo Loans are as Close to Zero Down Payment and 100% Conventional Financing Mortgage Loans as You Can Get!



FIRST FLORIDA FINANCIAL GROUP IS EXCITED TO OFFER THE CONVENTIONAL 1% DOWN WITH EQUITY BOOST LOAN PROGRAM


  • You put down 1%, the lender contributes 2%*, giving you 3% equity at closing.
  • No property ownership interest in the last 3 years.
  • Available for Condo Mortgage Loans as well.
  • Great low rates.
  • Conventional 30-year fixed program.
  • Available with no monthly Mortgage Insurance.
  • 700+ Credit score required.
  • 3% Seller Credit towards buyers closing costs.
  • Borrower income limits may apply.
  • 2% lender contribution may only be applied to down payment.

Have you Been Turned Down by your Bank or Lender Because

  • They require 10% or 20% down payment.
  • Your credit score is a little to low.
Not to worry........  we close these types of loans all the time, we know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilize our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their down payment and closing costs as low as possible. 

Get Pre-Qualified    Get A Rate Quote     P?rint My Flyer 
 
  • Why should you choose First Florida Financial Group, LLC
  • We offer same day free pre-qualifications.
  • 24 hour underwriting.
  • Loan closings in as little as 30 days. 
  • Over 50 years combined experience providing condo mortgage loans.
  • We work for you and only get paid when we’re successful on your behalf! In most cases, our fees are paid by the lender so clients have little or no out of pocket expenses for loan origination costs.
  • We don't just offer the normal loan programs like most banks do, We offer ALL loan programs available and we offer them without the additional underwriting requirements and loan limitations that other lenders may have.
Posted by Eddie Hoskins on March 22nd, 2017 9:33 PM

Exclusive Florida Refinance Condo Mortgage Loan Offer! 

No Condo Underwriting Requirements Refinance Offer! If you currently have a Fannie Mae insured Condo Mortgage Loan then we can help you lower your current Interest Rate! To see if your current mortgage qualifies and is insured by Fannie Mae CLICK HERE. If your loan is on the list then you automatically qualify for a condo interest rate mortgage reduction, regardless of the following;

  • Your Condo is an investment property.
  • Condo association budget doesn't meet current underwriting guidelines.
  • Condo questionnaire doesn't meet current underwriting guidelines.
  • Condo used to be a Hotel/Condo Hotel. (Condotel)

Have you Been Turned Down Or Denied for a Condo Refinance Mortgage Loan by your Bank or Lender Because?

  • Condo association doesn't allocate 10% of their revenue to fund reserves .
  • They require 75% to 80% equity.
  • The master condo Insurance policy has coinsurance.
  • They require at least 51% to be owner occupied & second homes.

Not to worry we close these types of loans all the time and offer some the Best Condo Refinance Rates Available, we know the Mortgage Business and can Close Easy, Complex and Tough Deals. We do this by utilize our years of experience and "Outside The Box Thinking" to get buyers pre-approved for the maximum loan amount possible while keeping their closing costs as low as possible. 

Get Pre-Qualified    Get A Rate Quote     Print My Flyer 
Posted by Eddie Hoskins on March 19th, 2017 12:23 PM

We are Experts 80 10 10 Piggyback Second Mortgage Loans!

What is a 80 10 10 Piggyback Second loan and how does it work?

A 80-10-10 Combination Loan is a piggyback loan option that allows customers to make home ownership a reality with as little as 10% down. The 80-10-10 Combination Loan consists of a first mortgage from for 80% of your home's value, a variable rate second mortgage as a piggyback loan for 10%% of the home's value.

What are the benefits of doing a 80-10-10 Piggyback Mortgage Loan.


  • It's a great way to avoid paying mortgage insurance (PMI).
  • Great option to avoid a Jumbo Mortgage and the strict underwriting requirements
  • We use this as a tool to get primary and secondary residence condo loans approved

Here are the details of the Piggyback Second Mortgage Loan.

  • It's a 30 year mortgage with no prepayment penalties.
  • Interest only payments for first 10 years and then it amortise as a 20 year principal and interest payment schedule. 
  • It is an adjustable rate mortgage that is based on the prime interest rate plus 1.49 to 1.99 depending on your loan to value and credit score.
  • 700 Minimum credit score is required.
We only offer second mortgages for purchase and refinance transactions and not as a line of credit for current homeowners. 

We offer loans for the entire state of Florida and the following cities;
Monroe County Florida Cities; Big Pine Key, Islamorada, Key Colony Beach, Key Largo, Key West, Long Key, Marathon, Marathon Shores, Sugarloaf Shores, Summerland Key, and Tavernier
Collier County Florida Cities; Marco Island, Naples Golden Gate,
Lee County Florida Cities: Alva, Boca Grande, Bonita Springs, Buckingham, Captiva, Cape Coral, Fort Myers, Fort Myers Beach, Lehigh Acres, Sanibel.
Jacksonville, Tampa, Saint Petersburg, Hialeah, Orlando, Fort Lauderdale, Tallahassee, Hollywood, Pembroke Pines, Miami, Palm Beach, West Palm Beach, Boca Raton, Miramar, Sarasota, Gainesville, Bradenton


Posted in:General
Posted by Eddie Hoskins on March 12th, 2017 4:06 PM