An FHA mortgage may be a good fit if you have less-than-excellent credit or limited cash for a down payment, but there are other opportunities Core Financial can help you explore. One example Core can do a manual undewrite mortgage down to a 580 middle credit score.

Families with low to moderate incomes may qualify for down payment assistance programs offered by Florida’s housing finance agencies or other programs offered by city and county agencies. These programs may offer down payment and closing costs assistance to eligible borrowers to make your home more affordable.

And there’s more good news! In today’s mortgage market, there are other home loan programs that require little or no money down. Core Financial  has the expertise to help you find the right lender to meet your unique needs.

If you are lucky enough to have a low debt-to-income ratio of 50% or less, you may actually qualify for a conventional mortgage.

For single-family home loans under $510,400 Fannie Mae and Freddie Mac offer fixed-rate mortgages that require only a 3% to 5% down payment.

If you are a current member of the U.S. military or a veteran, you may be eligible for a VA Home Loan with little or no down payment. Mortgage insurance is not required, and bankruptcy and other derogatory credit do not immediately disqualify you.

The U.S. Department of Agriculture also offers a 100%, no-down-payment mortgage. The program is formally known as a Section 502 mortgage, but it’s more commonly called a Rural Housing Loan or a USDA Loan. And, it’s not just a “rural loan.”  USDA loans are available to buyers in suburban neighborhoods, too!

Core Financial is the right choice if you are looking to purchase a home or refinance.

Our corporate headquarters is conveniently located in Florida. We have specialists in FHA loans and other mortgage packages standing by to take your call 24 hours a day and 7 days a week. Call us today at (239) 287-3691 for help finding home loans and mortgages at the most competitive wholesale rates.

NMLS ##25258- Rates, Programs, Guidelines are subject to change without notice.

This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval.