CURRENT RATES

as of January 21, 2020 6:00 pm

View Assumptions

30Y FHA

3.125% (4.169% APR)

CONV 30Y

3.375% (3.491% APR)

CONV 15Y

3.00% (3.154% APR)

Unbeatable
FHA Mortgage Rates

CURRENT 30-YEAR FIXED RATE

3.125% (4.169% APR)

Rate updated January 21, 2020 6:00 pm | View Assumptions

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.

Get Rate Quote Get Pre-Approved

Unbeatable FHA Loan Rates

CURRENT 30-YEAR FIXED RATE

3.125% (4.169% APR)

Rate updated January 21, 2020 6:00 pm | View Assumptions

Get Rate Quote
Get Pre-Approved

MORTGAGE STRAIGHT TALK WITH SHAHRAM

MORTGAGE STRAIGHT TALK WITH SHAHRAM

Florida's First-Time Home Buyer Specialists

Florida's First-Time Home Buyer Specialists

As your WFTV Channel 9 Mortgage Expert, not only do I offer the lowest FHA  mortgage rates in town– typically 1% lower than the banks– but I also provide no closing cost options.  Our no closing cost options allow qualified buyers to get into a new home with just the required 3.5% downpayment.

What makes us a top-rated FHA mortgage broker?

Lowest FHA Rates In Town

Access to wholesale rates and low margins save you money.

No Application Fees

Unlike banks, we don’t charge first-time home buyers application fees.

No Closing Costs FHA Loans

We offer FHA rates with and without closing costs.

Available Evening & Weekends

We work around your schedule– NOT bankers hours.

Crazy Fast FHA Pre-Approvals

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

Close In As Little As 14 Days

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

Top 3 first-time home buyer mistakes

Don’t make these common first-time home buyer mistakes. It could cost you thousands and we see them made everyday.

1
Using a BIG bank

Bigger the bank, higher the rate. Buyers get marked up retail rates to offset the bank's overhead.

2
Afraid to shop around

Buyers falsely believe multiple credit inquiries will negatively impact their score and ability to qualify.

3
Paying closing costs

Most FHA buyers end up refinancing later to get away from PMI, so why pay closing costs twice?

Top 3 first-time home buyer mistakes

Don’t make these common first-time home buyer mistakes. It could cost you thousands and we see them made everyday.

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 an FHA loan is easier than you’d think. While there are a number of determining factors, here are some of the basic criteria:

580+
Minimum 580 credit score

Preferably a minimum 620 credit score but can be as low as 580 depending on overall credit history.

50%
Maximum 50% DTI ratio

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

3.5%
Minimum 3.5% downpayment

Funds can come from your checking, savings, 401(k) or gifted by immediate family members.

FHA 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, qualified borrowers can get lender credit from the interest rate options available to cover all or most upfront 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.

FHA 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, qualified borrowers can get lender credit from the interest rate options available to cover all or most upfront 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.

Red arrow pointing right

Big Bank / Lender

$0
Purchase Price
$0
Downpayment (3.5%)
$8485
Origination Fees
$0
Title Charges
$0
Tax & Govt. Fees
$0
Estimated Pre-Paids
$1330
Lender Credits
$18744
Total Due at Closing

Florida Home Funding

$0
Purchase Price
$0
Downpayment (3.5%)
$6983
Origination Fees
$0
Title Charges
$0
Tax & Govt. Fees
$0
Estimated Pre-Paids
$0
Lender Credits
$10259
Total Due at Closing
Red hand drawn circle

WHAT OUR CLIENTS ARE SAYING

First time home buyers and Shahram and Cindie made the process so smooth! We were nervous and didn't even know where to start-- with their patience and expertise my wife and I now own our…Read More→

Laura Dempsey
Rating: 5

Just purchased our home with the assistance of Shahram and his team...I would recommend them to anyone. From day one everyone was so caring and diligent!!! Thank you so much for everything you did! We…Read More→

Ursula Ann
Rating: 5

TRULY GOD SENT!! Shahram and Cindie arrived just within the nick of time. Shahram stated that we would close within 30 days, and we did just that! I had a very LONG and drown out…Read More→

Yvette Walker
Rating: 5

Florida Home Funding was great to work with. Shahram and Cindie made our 1st home purchase a wonderful and memorable simple process.

Jeff Mortiz
Rating: 5

First time home buyers and Shahram and Cindie made the process so smooth! We we're nervous and didn't even know where to start - with their patience and expertise my wife and I now own…Read More→

Heather Butler-Brown
Rating: 5

Working with Shahram and Cindie was great, They helped us from beginning to end answering all of our questions and giving us the confidence that all will be all right. We found our forever home…Read More→

Will Hurtade
Rating: 5

Our experience with Florida Home Funding was an exceptional one. We worked with Shahram and Cindy through the process. They were in constant communication with us and took the time to answer our questions with…Read More→

Luis C.
Rating: 5

Great people and very professional to deal with. I would highly recommend their services!!

Nelson Lerma
Rating: 5

Working with Shahram Sondi was a great experience. From the beginning he was very informative and easy to talk to. I felt relaxed and confident with Shahram working on my mortgage application. He walked me…Read More→

Mark Lombardo
Rating: 5

Shahram is an expert at what he does. There was no guess work at any point, my husband and I felt fully informed through the whole process. Sharham collected the information needed and was very…Read More→

Brenda Slocki
Rating: 5

Shahram and his assistant are an incredible team. They are extremely thorough and make what is usually a stressful process smooth and easy. They are on top of every single detail and they will get…Read More→

Bill Limato
Rating: 5

I have been through the mortgage process on 3 different occasions and this was by far the easiest. Everything promised was received! It was the fastest and easiest refi I've been through. Everything was done…Read More→

Brian
Rating: 5

Kudos to Shahram & Cindi for their great work refinancing my mortgage in record 2 weeks time. Shahram was very professional, Timely in response and most importantly very knowledgable. I shopped with 5 mortgage companies…Read More→

Krishna Akumalla
Rating: 5

We recently used Florida Home Funding for our mortgage needs. The process was well executed, we were always informed of next steps, status and felt we had a "trusted advisor" on our side. We got…Read More→

Chad Hensley
Rating: 5

Great team to work with. Everything was smooth and painless. No complaints.

Rebecca Cruz
Rating: 5
Florida Home Funding Reviews