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
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?
Miami Jumbo Mortgage Loans! "We Think Outside the Box"Miami Jumbo Mortgage Loans Financing Requirements
Have you been turned down for a Miami Florida Jumbo Mortgage loan because;
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.
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.
Have you been turned down for a Florida Jumbo Mortgage Loan Because;
Have you Been Turned Down by your Bank or Lender Because
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;
Have you Been Turned Down Or Denied for a Condo Refinance Mortgage Loan by your Bank or Lender Because?
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 TavernierCollier 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