All of your unique factors will be considered to find the best rates currently available to you.  Not only do we have our own lender products with no Broker Fees, but we will search through thousands of programs offered to Florida Home Owners or Florida Home Buyers by major lending institutions from across the country.

• Your Credit Rating
• Income
• Cash on Hand
• How long you've been employed in the same line of work
• Debt to Income Ratios
• Loan to Value Ratios
• Type of Property
• The Intended Use of the Property
• Paying Points or Not Paying Points
• Current and ever-changing rates...until locked in.
• more...
  

Your traditional lender, even your local bank, can have very conservative guidelines for loan approvals. Consumers have been shocked by a turn down by their local bank and being told that you need a "bad credit mortgage". You may have been approved for a  "bad credit mortgage" from a sub-prime lenders, but at very high rates.

Many borrowers feel that they are a good credit risk, because, after all, they pay their bills on time and credit card companies are still sending them offers for more cards and more credit.  The fact is, they may have too many credit cards, too much credit. Credit with high balances. Although they do make timely payments...credit bureaus have their own automated criteria for assessing credit scores.

LOWER CREDIT SCORES THAN EXPECTED?

Many a consumers has been shocked by low credit bureau scores! Scores such as 610, 600, 590, 580.

Many banks, possibly even your local branch, tend to stay within very conservative guidelines and are credit score driven in their approval process.  

Often, this leaves the homeowner confused in their options.  Do you forget about your dreams of ownership, refinancing, debt consolidation? Do you find a sub prime lender? Do you start believing that you need a "Bad Credit Mortgage"? The answer is "no" you don't have to.  YOU NEED FLORIDALOAN.NET!

FLORIDA HOME LOAN HAS THE ANSWER: AUTOMATED UNDERWRITING!

We offer automated underwriting approvals.  Through our banking affiliates we have the ability to have your loan underwritten though automation.  How does this help?  This technology allows us to resubmit your file in different formats to find what the bank is looking for and what the bank will accept. Once we have found the program that will be approved you'll have the rate you really were hoping for!   

Your middle credit score of 610, 600 even  580 may be over looked by automation due to other compensating factors such as always paying your mortgage or rent on time, assets, low loan to value or low debt to income. Derogatory credit such as collections can even  be included in your approved loan!  Be aware that the "A" paper lenders may want you to settle these accounts up at closing if it totals more than $1000 This is a opportunity to clean up the derogatory issues in your credit and usually can be paid with the proceeds of the loan.

If you have a significant number of collection account we also have lenders that will not request you to pay them off at all! You have options for your "BAD CREDIT MORTGAGE". 

As always, at FloridaLoan.net, we will work in your behalf to present your positive assets to the lenders and always find your the BEST RATE!