Conventional Mortgage Loans | Florida Mortgages - Florida Home Funding
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CURRENT RATES

as of December 30, 2020 2:00 pm

View Assumptions
Rates for Primary Home Purchase

15Y FIXED

1.99% (2.103% APR)

30Y FIXED

2.5% (2.563% APR)

FHA 30Y

2.25% (3.270% APR)

Unbeatable
Conventional Loan Rates

CURRENT 30-YEAR FIXED RATE

2.5% (2.563% APR)

Rate updated December 30, 2020 2:00 pm | View Assumptions | Rates for Primary Home Purchase

Small size, low overhead and experience allow us to offer unbeatable rates on conventional fixed-rate mortgages. Get a rate quote and see why we’re Florida’s top-rated mortgage broker.

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Unbeatable Conventional Loan Rates

CURRENT 30-YEAR FIXED RATE

2.5% (2.563% APR)

Rate updated December 30, 2020 2:00 pm | View Assumptions
Rates for Primary Home Purchase

Get Rate Quote
Get Pre-Approved

Florida's Best Rates on Conventional, Fixed-Rate Mortgages

Florida's Best Rates on Conventional, Fixed-Rate Mortgages

Getting a mortgage is no different than buying a new car.  Every Toyota dealership has the same vehicles. The only difference is how much profit is built into that particular dealership’s price.

What makes us a top-rated mortgage broker?

Lowest Rates In Town

Access to wholesale rates and low margins save you money.

No Application Fees

We don’t charge you application fees.

No Fee Options

Choose rates with or without lender/origination fees.

Available Evening & Weekends

We work around your schedule– NOT bankers hours.

Crazy Fast Pre-Approvals

We can get you pre-approved in as little as an hour.

Close In As Little As 21 Days

If your ducks are in a row, we can close fast. Real fast.

What do I need to qualify?

When it comes down to it, it’s really just a numbers game and it breaks down like this:

What do I need to qualify?

Qualifying for a mortgage is definitely not rocket science. While there are a number of determining factors, here are some of the basic criteria:

680+
Minimum 680 credit score

If your credit is lower or dinged, consider an FHA loan, which can go as low as a 640.

50%
Maximum 50% DTI ratio

Preferably 45%, however depending on your credit score and reserves, we can go as high as 50%.

3%
Minimum 3% downpayment

For primary residences, 3% for first-time buyers, 5% for non-first-time buyers.

No closing cost mortgage rates can be affected by market conditions. Not all borrowers will qualify.

No Closing Cost Options

How will a no closing cost option impact my loan?

Typically, there are standard closing costs associated with getting a mortgage– such as origination charges, title charges, government recording and transfer taxes.

A no closing cost mortgage is not some special promotion and is available every day. Simply put, you get credit from the interest rates available to cover all or most closing costs.

Here’s an example detailing how much would need to bring to closing with and without closing costs.

View Disclosures

This example is assuming seller is choosing the title company and paying for the owner’s title insurance policy and that the seller is an individual that is paying the customary doc stamps on the deed.  The estimated pre-paids assume a property tax estimate of 1.25% of the purchase price and a home insurance policy of $1200 per year.

Minimum and maximum loan amounts apply.  Lender credit towards closing costs will vary based on borrower credit scores.

Borrowers with low credit score may not be able to receive enough lender credit to cover all closing costs and pre-paids.  The instant example is assuming a 740+ credit score for a purchase of a single-family residence. Your cash to close assumes that the appraisal fee and home inspection fee are paid directly to the third-party providers prior to closing.  All loans are subject to credit approvals that must meet Fannie Mae underwriting guidelines.

No Closing Cost Options

Considering a no closing cost option?

Typically, there are standard closing costs associated with getting a mortgage– such as origination charges, title charges, government recording and transfer taxes.

A no closing cost mortgage is not some special promotion and is available every day. Simply put, you get credit from the interest rates available to cover all or most closing costs.

Here’s an example detailing how much would need to bring to closing with and without closing costs.

View No Closing Cost FAQs

View Disclosures

This example is assuming seller is choosing the title company and paying for the owner’s title insurance policy and that the seller is an individual that is paying the customary doc stamps on the deed.  The estimated pre-paids assume a property tax estimate of 1.25% of the purchase price and a home insurance policy of $1200 per year.

Minimum and maximum loan amounts apply.  Lender credit towards closing costs will vary based on borrower credit scores.

Borrowers with low credit score may not be able to receive enough lender credit to cover all closing costs and pre-paids.  The instant example is assuming a 740+ credit score for a purchase of a single-family residence. Your cash to close assumes that the appraisal fee and home inspection fee are paid directly to the third-party providers prior to closing.  All loans are subject to credit approvals that must meet Fannie Mae underwriting guidelines.

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Example With Closing Costs

$300000
Purchase Price
$15000
Downpayment (5%)
$975
Origination Fees
$1500
Title Charges
$1842
Tax & Govt. Fees
$3086
Estimated Pre-Paids
$0
Lender Credits
$22403
Total Due at Closing

Example Without Closing Costs

$0
Purchase Price
$0
Downpayment (5%)
$6983
Origination Fees
$6983
Title Charges
$6983
Taxes & Govt. Fees
$0
Estimated Pre-Paids
$0
Lender Credits
$10259
Total Due at Closing
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MORTGAGE STRAIGHT TALK WITH SHAHRAM

MORTGAGE STRAIGHT TALK WITH SHAHRAM