Home Loan Menu

FHA Home Loans

Bretlin Home Mortgage of Florida  is a HUD approved Florida and Georgia mortgage company. The FHA home loan provides easier access to low rate mortgage programs designed for low to moderate income families. If you are a first time home buyer, have little savings, or have credit dings, our FHA mortgage program may best meet your needs more so than the typical conventional home loan programs.

The FHA Product Line Offers:

• 30 Year Fixed Rate Mortgage
• 15 Year Fixed Rate Loans
• 1 Year ARM Program
• Streamline Refinancing

Facts that make the FHA Loan ideal for the average home buyer:

1. The Program is credit driven rather than based upon a credit score.
2. High Approval Flexibility for Credit Dings.
3. No credit history is required to be eligible for a home loan.
4. College acts as your job history for those new to the work force.
5. You can finance these residential property types: Single Family Homes, Duplex, Townhouse and Condo's.
6. Works easily with programs that assist home buyers with Down Payment money.
7. Typically up to 6% in seller concessions are allowed.
8. Everyone is eligible with no income restrictions.
9. Interest Rates are typically lower than comparable conventional rates.
10. Absolutely no prepayment penalties are allowed.

VA Mortgage Program

VA Home Loans are very much like the FHA Mortgage Program. The VA Mortgage Program uses existing eligible income and credit, rather than credit score. You must be a DD-214 eligible VA Veteran and provide a copy of your existing VA certificate of eligibility. If you've already used your eligibility, you can restore it or have some remaining for an additional VA Loan.

Our Georgia and Florida VA Loan Program Offers The Following Loan options:

• 30 Fixed Rate Home Loan
• 15 Year Fixed Rate Home Loan
• 1 Year Adjustable Rate Mortgage
• Streamline Refinancing

Facts that make the VA Home Mortgage ideal for eligible Veterans:

• 100% financing.
• Loan Limits are comparable to conventional programs.
• Low interest rates.
• Offers both fixed and adjustable rate mortgages
• Easy streamline refinancing with no income documentation requirements.

Conventional Home Loans

Looking for a regular old Conventional Mortgage? Well, we offer that to. A conventional home loan is based upon underwriting and loan limit standards as established by Fannie Mae and Freddie Mac. These programs offer the full range of financing from 30 Year Fixed Rates to Adjustable Rate Mortgages all the way to specialty programs such as State Income Home Loans and No Documentation Mortgages.

These programs are designed with Seasoned Home Buyers and Home Owners with good to excellent credit in mind. First time home buyers may have a more challenging process because of a lack of home ownership history. We do offer a conventional mortgage program designed for First Time Home Buyers with easier credit qualifying and down payment standards. This emerging markets program is a Freddie/Fannie product designed to compete with the FHA Home Loan and offer up to 103% financing. As with all conventional mortgage programs, this loan is credit score driven and credit quality driven.

Our Conventional Residential Home Loan Products Include:

• 30 Year Fixed Rate Loan
• 20 Year Fixed Rate Loan
• 15 & 10 Year Fixed Rate Loan
• Interest Only Programs
• 1/1, 3/1, 5/1, 7/1 and 10/1 Adjustable Rate Mortgage
• Up to 103% Financing
• Construction Perm Financing
• Stated Income Mortgage
• No Income No Asset (NINA)
• No Ratio Loan Programs
• No Documentation (No Doc) Mortgage Loan
• 90% Non-Owner Occupied Residential Loan

Bad Credit Home Loans

If you have challenged credit and find yourself unable to qualify for our low interest rate FHA Mortgage program, Bretlin Home Mortgage of Florida offers a wide range of Sub-Prime mortgage programs to assist home buyers. Our product range can help home buyers with credit scores starting with a mid-FICO® score of 500 and provides up to 100% financing.

The Range of Products Offered Under Our Sub-Prime Mortgage Program:

• 30 Year Fixed Mortgage
• 20 Year Fixed Mortgage
• 10 & 15 Year Fixed Mortgage
• 2/2/8 ARM Mortgage
• 3/2/7 ARM Mortgage

Jumbo Mortgage Loans

Bretlin Home Mortgage of Florida offers Georgia and Florida residential Jumbo and Super Jumbo mortgage loan products for qualified high income home buyers. These programs cover the full range of options from Stated Income, No Documentation, NINA and Full Documentation mortgage loan programs for loan amounts up to $15M with very competitive rates and terms.

Home Buyer and Refinance Products Include:

• 30 Year Fixed Rate Jumbo Mortgages
• 20 Year Fixed Rate Jumbo Mortgages
• 15 & 10 Year Fixed Rate Jumbo Mortgage
• Interest Only Programs
• State Income Jumbo Mortgage
• No Income No Asset Jumbo Mortgage
• No Ratio Jumbo Mortgage
• No Documentation (No Doc) Jumbo Mortgage
• Adjustable Rate Jumbo Mortgage:
  1. 1/1, 3/1, 5/1 and 7/1 ARM Products

Non-Conforming Mortgage Programs

Non Conforming loans are mortgage programs with guidelines outside of those established by traditional conventional financing. They off the full range of financing options and expand beyond traditional mortgage products offered using conventional Fannie/Freddie underwriting guidelines. From a more flexible qualifying credit score requirement to wider financing options including loan amounts which exceed conventional mortgage restrictions. Underwriting for these mortgage programs include both Automated and Manual underwriting.

Mortgage Programs Include:

• 40 Year Fixed Rate Mortgages
• 30 Year Fixed Mortgages
• 20/15/10 Year Fixed Mortgages
• 6 Month, 1/1, 1/6, 3/1, 3/6, 5/1, 5/6, 7/1, 7/6, 10/1, 10/6, 5/2/5, 2/2/6
• True No Documentation - No Doc Loan
• Stated Income Loans
• No Ratio Mortgage
• No Income No Asset (NINA) Mortgage
• 80/20 Combination Mortgage
• 80/15 Piggie Backs
• 80/10/5 Piggie Backs
• Up To 106% Financing
• Up To 100% Non Owner Occupied Programs

Adjustable Rate Mortgage Loans

Many home buyers and Home Owners like the adjustable rate mortgage for its lower starting interest rates, flexible terms and with some programs, the ability to pick your own payment. Rates typically start between 1% to 2% below conventional 30 year fixed rate mortgage rates. All adjustable interest rates are tied to an index which determines present and future rates the borrower pays. Every program has an life time cap on how high the interest can go. Caps very by program offering and the same 5/1 program can have multiple interest rate caps.

Many programs offer the financing options many fixed rate loans have to include:

• Stated Income Programs
• NINA - No Income No Assets Programs
• No Documentation - No Doc Programs
• No Ratio Programs
• Non Owner Occupied Programs
• Traditional ARM Programs
• Credit Challenged ARM Programs
• Because of the Low Start Rate, most require a prepayment period equal to the fixed period of the loan

Adjustable Rate Mortgage Terms Include:

1. 6 Month - Fixed First 6 Months, adjusts every 6 months
2. 1/1 - 1 Year Fixed, adjusting once a year
3. 1/6 - 1 Year Fixed, adjusting every 6 months
4. 2/2/6 - 2 Years Fixed, adjusting twice a year with a maximum increase of 6% over the life of the loan
5. 2/2/8 - 2 Years Fixed, adjusting twice a year with a maximum increase of 8% over the life of the loan
6. 3/2/7 - 3 Years Fixed, adjusting twice a year with a maximum increase of 7% over the life of the loan
7. 3/1 - 3 Years Fixed, adjusting once a year
8. 3/6 - 3 Years Fixed, adjusting every 6 months
9. 5/2/5 - 5 Years Fixed, adjusting twice a year with a maximum increase of 5% over the life of the loan
10. 5/1 - 5 Years Fixed, adjusting once a year
11. 5/6 - 5 Years Fixed, adjusting every 6 months
12. 7/1 - 7 Years Fixed, adjusting once a year
13. 7/6 - 7 Years Fixed, adjusting every 6 months
14. 10/1 - 10 Years Fixed, adjusting once a year
15. 10/6 - 10 Years Fixed, adjusting every 6 months
16. Pick A Payment - Start Rate 1% to 4.25%, Negative Amortization, adjustments begin immediately and occur monthly

BretlinFloridaMortgage.com - Phone: 800-572-5964 - Email : info@bretlinfloridamortgage.com 

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