Just in Time for the summer Buying season The 0% Down Purchase program is an exclusive offering that provides qualified borrowers with a 3% down payment assistance loan, up to $15,000, from the Lender. This program is designed to help more borrowers purchase a home with no down payment. To be eligible for this program, at least one borrower must be a first-time homebuyer, which is defined as someone who has not had ownership interest in a home in the last 3 years. The borrower must have a FICO score of 700 or higher, and the Loan-to-Value (LTV) must be greater than 95%, up to 97%. Borrowers ..read more

Private Mortgage Insurance is needed on every loan with a loan to value greater than 80% loan to value Credit score is usually the key in determining if the customer should go Fannie Mae/Freddie Mac or FHA The post PMI 2.0 appeared first on Lake Worth Beach Mortgage ..read more

Mortgage Rates took a hit the first two weeks of April Mortgage rates took a hit the first two weeks of April because of a better than expected jobs report. That sounds kind of counter intuitive but that is the way it goes with mortgages rates. It’s just supply and demand for who wants mortgages. More people working means more people looking for or needing a mortgage. Also, an unexpected good number with the jobs report is a little inflationary by just a little so we had a move in the wrong direction the last two weeks but I don’t expect this to last long. We will keep you posted   &nbs ..read more

The Quickest Way to Sell Land is to have the Buyer Build on it This will also get the best price Play Video The post Construction Perm 2.0 appeared first on Lake Worth Beach Mortgage ..read more

We work with the Best Lender in the country. They do the most business. When it comes to technology, everything can be done remotely on line under secure conditions. You can even close remotely in most cases Unlike the slow moving banks, we can move swiftly if need be. Where they may need 45-60 days to process a mortgage we need about 2-3 weeks. (Under normal conditions) Being a part of the Doc-Less Revolution is exciting and it translates into Lake Worth Beach Mortgage being able to deliver your loan that much quicker. No paper is needed except when you sign on the dotted line. (Which c ..read more

Fast Break 3-27-24 Here is a weekly update from our favorite lender. This shows their commitment for making the  mortgage experience better for all of our clients. In this video Matt talks about their 1% down program, getting loans underwritten and closed quickly and HAPPY closings! The post 1% down, Fast Closings & Happy Closings appeared first on Lake Worth Beach Mortgage ..read more

Here is a quick video regarding 2nd mortgage HELOCS. (Home Equity Lines of Credit)  This is a good way of giving yourself liquidity for debt consolidation or projects. The difference between us and the big banks is the turn time on the loan. Typically this loan will take 2-3 weeks vs the brick & mortar guys who take 90 days. For this loan we use our go to lender who is the largest in the country and getting better every day The post HELOCS are getting more popular appeared first on Lake Worth Beach Mortgage ..read more

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We are NOT the Guys in Starched White Shirts waiting to run out the door at 5:01 We are always available on weekends when Buyers and Sellers and Realtors are making their offers The post Lake Worth Beach Mortgage – What We are and What We’re Not appeared first on Lake Worth Beach Mortgage ..read more

This is a great program offered by our favorite Lender. It includes a $5000 grant This is a great Fannie Mae program because it offers incentives on a Fannie Mae loan with very little income restrictions. There are some caveats so please give us a call to go into detail. The post Home Ready Grant Program appeared first on Lake Worth Beach Mortgage ..read more