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CURRENT RATES

as of February 22, 2019 11:00 am

30Y FHA

3.5% (4.603% APR)

CONV 30Y

4.125% (4.244% APR)

CONV 15Y

3.5% (3.744% APR)

Unbeatable
FHA Mortgage Rates

CURRENT 30-YEAR FIXED RATE

3.5% (4.603% APR)

Rate updated February 22, 2019 11:00 amView 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

3.5% (4.603% APR)

Rate updated February 22, 2019 11:00 amView Assumptions

WE'VE GOT THE BEST RATE. GUARANTEED.

Our low overhead ensures our rates can’t be beat. In fact, if you can find a rate we can’t beat, we’ll give you $1000. No bullsh**. Go ahead, read the terms & conditions.

Get Free Rate Quote

WE'VE GOT THE BEST RATE. GUARANTEED.

Our low overhead ensures our rates can’t be beat. In fact, if you find a rate we can’t beat, we’ll give you $1000. No bullsh**.

Get your free, no obligation rate quote.

View Terms & Conditions

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, 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.

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, 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.

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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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

MORTGAGE STRAIGHT TALK WITH SHAHRAM

MORTGAGE STRAIGHT TALK WITH SHAHRAM