If you need a mortgage in Florida then Affiliated Mortgage Company is the company for you. We have been closing loans in Florida since 1991.
Affiliated Mortgage Company is committed to helping you find the right mortgage product for your needs. We understand that every borrower is different, and we offer a variety of products to meet your individual requirements. We make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.
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Before you begin searching for a home it is important to learn about what
you can afford, what you can get qualified for, the different programs that might be available and any special requirements for different types of properties you are considering.
Low rates are game changers so inquire about fixed rates, step up loans and variable rates for different lengths of time. Inquire as to how much down payment you would need, what closing coasts are and if sellers can contribute to those costs.
It may seem complicated if this is your first home purchase working with a realtor that has patience, and a mortgage professional that can provide you with a comfort level and pre‐approval letter is very important.
Affiliated Mortgage Company has that kind of staff, helpful and happy to make the process fun.
The current interest rates are some of the lowest in history. If you have credit card debt or want to make repairs in your home refinancing can help you a lot.
You can use equity in your home to get rid of high interest credit cards, pay down student loans or make improvements to your home.
You can also change the terms of your current mortgage to shorten or lengthen the time period for payoff. Talk to us, we will assist you to make the right decision. We can help you with a streamline program that will make the transaction easy and quickly achieved.
Affiliated Mortgage Company staff knows the mortgage procedures and policies to help you achieve your goals quickly and efficiently. Call us to speak with a loan professional or apply online today with our easy fill in application.
A reverse mortgage is a loan for persons over the age of 62 that allows you the buyer or property owner to defer interest payments on a certain portion of the equity in your home.
Instead of you making monthly payments to a lender with a traditional mortgage, the lender makes monthly or lump payments to you the homeowner. The amount you qualify for will depend upon the value of your home and your age.
No interest payments will be made until you move or pass away. The Federal Housing Administration insures this type of loan. Many seniors are using this product to buy a home making that process much less expensive to achieve.
Like anything you are not familiar with it may seem too good to be true. Affiliated Mortgage Company will educate you with this option to see if it is the right product for you.
The Federal Government has many programs that make home buying very easy. FHA home loans can require as little as 3.5% as a down payment. There are fixed rate and variable rate programs, so their benefits can be tailored to your life style. These loan programs were developed to help people with less than great credit plan and buy a home or townhome and are a great first-time homebuyer option. There can also be assistance with closing costs making the American dream of home ownership achievable.
At this time your property choice must be a single family home or a townhome with a homeowners association.
Very few condominiums will qualify. If you are concerned about whether you can qualify, get in touch with us today to put together a plan. Years of providing individuals and families with advice and easy mortgage procedures have made us a user-friendly place to do business.
VA (Veterans Administration) loans are available to individuals who have served or are currently in the U.S. armed forces that meet eligibility requirements.
In the State of Florida an eligible veteran or member of the armed forces can borrow up to $424,100 without a down payment, provided the Veteran's income and credit is qualified and the property appraises to the asking price.
Requirements are generally 2 years in the armed forces with veteran's benefits. A Certificate of Eligibility is required. The seller can pay closing costs and prepaid items. There is no PMI.
There is a 100% financing option and there are no penalties for prepayment. Like any good plan, contact us for your pre-approval so shopping for a residence will be easy. Start today.
If the anticipated amount of your mortgage loan exceeds $424,100, we offer a variety of mortgage options which will meet your needs.
So-called non-conforming jumbo loans can be either fixed or adjustable rate mortgages.
A jumbo mortgage is a home loan for an amount that exceeds conforming loan limits.
Down payment requirements differ in many cases, but Jumbo loans generally require higher down payments.
Many lenders also want a credit score of 700 or higher, a debt-to-income ratio of 43% or less, and 6 to 12 months worth of reserves.
The HomeStyle® Renovation mortgage provides a convenient and economical way if you need to make moderate home improvements to make repairs and renovations with a single-close first mortgage, rather than a second mortgage, home equity line of credit, or other, more costly methods of financing.
The loan amount is based on the "as-completed" value of the home not the present value.
The HomeStyle Renovation is a single-close loan that enables borrowers to purchase a home that needs repairs, or refinance the mortgage on an existing home and include the necessary funds for renovation in the loan balance.
In Florida, a USDA Mortgage provides a low‐cost insured home mortgage loan that suits a variety of options.
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers.
A USDA loan is likely the best home loan option if you want to purchase a home with no down payment.
If you're unsure about your credit rating, or have concerns about a down payment when you're doing a home loan comparison, USDA Rural Mortgage Loans can give you piece of mind with zero-down, super low closing costs and low monthly mortgage insurance.
We would love to hear from you or answer any mortgage related questions you may have.
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