Best Home Financing in Florida | Valor Lending Group
Are you interested in discovering our Best Home Financing in Florida?
Are you planning to buy or refinance a home in Arizona, California, or Florida?
Valor Lending Group has you covered!
Valor is thrilled to announce that we are now licensed in California, Arizona, and Florida!
We are excited to offer a full range of loan options to the beautiful Sunshine State and look forward to elevating the standards in mortgage financing!
Best Home Financing in Florida
If you want to purchase a home with Best Home Financing in Florida, you’ll likely need to finance your home. Alternatively, if you own a home, you can refinance your current loan to secure a better rate or access equity for renovations, such as upgrading your kitchen.
Types of Florida Home Loans:
- Owner-Occupied
- Investment (Non-Owner Occupied)
Both categories share similarities but also have key differences, which are explained below.
Whether you want to buy or refinance a home in Arizona, California, or Florida for a 1-4 unit residential property, here’s everything you need to know about finding the best loan options.
Choosing the Right Home Loan
The key to selecting the best home loan is demonstrating your ability to repay. For owner-occupied, 1-4 unit residential properties, repayment ability is based on income. Salary and hourly income are verified through tax returns, W-2s, and pay stubs, while self-employed income can be confirmed with bank statements and profit & loss statements. High net-worth individuals can qualify based on liquid assets covering 60-72 months of payments.
To learn more about qualifying for non-owner occupied properties, ask me about options like no-tax return investment property loans, private money loans, and commercial property loans.
Options for Best Home Financing in Florida
Understanding your loan options is the first step. Depending on credit, down payment, and income, various programs are available for salaried employees, self-employed individuals, and real estate investors.
Main Categories of Home Loans:
Conventional Home Loans
- Conforming Home Loans: Meet Fannie Mae and Freddie Mac guidelines. These “agency loans” are conservative and have low default risk
- Non-Conforming Home Loans: Loans exceeding conforming limits, such as jumbo loans, which cater to high-value properties but come with variable terms
- Jumbo Loans: If the property is too expensive for a conventional conforming loan, a Jumbo Loan is an option. The Federal Housing Finance Agency (FHFA) sets the limits for these loans. If your loan amount exceeds your county’s limit, you will need a jumbo loan. Jumbo loans, also known as non-conforming conventional mortgages, are considered high-risk because Fannie Mae and Freddie Mac do not guarantee them. This means lenders are not protected if the borrower defaults. Jumbo loans can have either a fixed or adjustable interest rate. Check your county limits here: California, Arizona, and Florida
Government Loans
- FHA Loans: Backed by the Federal Housing Administration, offering low down payments and accessible for those with lower credit scores
- VA Loans: Available to veterans, active duty military, reservists, and surviving spouses, providing up to 100% financing with no mortgage insurance
- USDA Loans: Backed by the Department of Agriculture for rural areas, offering no down payment and competitive rates
Non-Qualified Mortgage (Non-QM) Loans
- Bank Statement Loans: Ideal for self-employed individuals, using bank statements to verify income instead of tax returns
- Asset Depletion Loans: For borrowers with substantial assets but limited income, qualifying based on liquid assets
- No-Tax-Return Investment Property Loans: For real estate investors, qualifying based on the property’s cash flow rather than personal income
Private Money Loans
- Consumer Private Money Bridge Loans: For purchasing new residences while selling the current one or for cashing out equity
- Owner-Occupied Business Purpose Private Money Loans: Access equity for business purposes
- Investment Property Private Money Loans: Quick financing for acquisitions or cash-out refinances, ideal when time is crucial
Loan Approval Process
- Debt-to-Income (DTI) Calculation: Includes all monthly debts and determines the borrower’s ability to repay
- Underwriting: Involves verifying all income, debts, credit, and housing history
- Appraisal: Assesses property value, which is crucial for loan approval
Finding the Best Florida Home Loan Lenders
Given the variety of loan programs, working with a skilled loan officer is best. I can guide you through the best options and help secure the most favorable terms. Reach out to me today to discuss your scenario.
Loan Types Offered by Valor Lending Group
- FHA Loans: Low down payment, flexible for lower credit scores
- Conforming and High Balance Loans: Fast approval, available for various property types
- Jumbo Loans: Up to 90% LTV with competitive rates for luxury properties
- VA Loans: 100% financing with no monthly mortgage insurance, available to service members and veterans
Contact me to get pre-approved and find the right mortgage for your needs, whether you’re buying your first home or planning for retirement.
Recently Funded | Valor Lending Group
$1,044,550 Loan amount | Hard Money Bridge Loan | Purchase | 65% LTV | Murrieta, CA
$1,900,000 Loan amount | Full Doc Jumbo Loan | Cash Out Refi | 31% LTV | Mirage, CA
$1,430,000 Loan amount | 24 Month Bank Statement Loan | Purchase | 65% LTV | Phoenix, AZ
$2,625,000 Loan amount | Ground up Construction Loan | Purchase | 65% LTV | Malibu, CA
$1,905,000 Loan amount | Fix and Flip Loan | Purchase | 90/100 LTV | Palos Verde, CA
$2,645,000 Loan amount | Ground up Spec Construction Loan | Purchase | 65% LTV | Palm Springs, CA
$712,500 Loan amount | DSCR Loan | Cash Out Refi | 75%LTV | 70% LTV
$4,013,750 Loan amount | Full Doc Jumbo Loan | Rate& Term Refi | 75% LTV | Newport Beach, CA
$592,500 Loan amount | DSCR Loan | Purchase | 75% LTV| Seattle, WA
$1,950,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 70% LTV | Berkeley, CA
$3,100,000 Loan amount | 12 Month Bank Statement Loan | Purchase | 43% LTV | Coronado, CA
$1,790,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | Berkeley, CA
$1,008,000 Loan amount | Full Doc Jumbo Loan | Purchase| 80% LTV | Anaheim, CA
$1,740,000 Loan amount | Hard Money 2nd Position Bridge Loan | Cash Out Refi |61% CLTV | Berkeley, CA
$4,775,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 62% LTV
$505,000 Loan amount | Full Doc FNMA Loan | Purchase | 85% LTV! | Ventura, CA
$2,100,000 Loan amount | Hard Money Bridge Loan | Cash Out Refi | 51% LTV | S. Carolina
And many more.
We do them all, so give me a call!
Recap of Our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically, funds in 7-10 days
- Stated Income Loans (Great for business owners and self-employed) No tax returns!
- 100% financing is available (we can cross-collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $2.5MM
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on the subject property’s cash flow
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5MM
- Raw Land & Lot Loans
- Ground-up Construction for spec homes, custom homes, and commercial ground-up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 10% down Jumbo’s up to $1.5MM
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500MM
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We Also Offer:
- 10, 15, 20, 25, 30 years Fixed, Conventional Conforming Loans
- High Balance Conforming aka Super Conforming
- Jumbo’s to $10 Million / 10% down Jumbo to $1.5MM
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
**Rates and terms subject to change without notice
