Mortgage Information

If you are like most buyers, a home is the most expensive purchase that you will ever make, and probably will need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure that you get the mortgage that meets your needs at the best price.

We would be happy to refer you to some very good mortgage contacts in the Central Florida / Orlando area, or to help you in any other way that we can to secure the best possible rate for your home purchase.

Can Be Used For Foreclosures

 

 

Streamlined 203(k) Limited Repair Program   

 

FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.

 

Many lenders have successfully used the Section 203(k) program in partnership with state and local housing agencies and nonprofit organizations to rehabilitate properties. These lenders, along with state and local government agencies, have found ways to combine Section 203(k) with other financial resources, such as HUD's HOME, HOPE, and Community Development Block Grant Programs, to assist borrowers. Several state housing finance agencies have designed programs, specifically for use with Section 203(k) and some lenders have also used the expertise of local housing agencies and nonprofit organizations to help manage the rehabilitation processing.

 

 

 

 

 

Mortgage Qualification Calculator 

 

Mortgage Payment Calculator & Amortization Table

 

These calculators will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.*

 

 

 

 

 

*These calculators are to be used as basic information gathering only the true outcome of a mortgage will depend on credit score, debt, work history and other factors.