Wendy Morris Presents:
The Florida Dream
Wendy Morris Realty
Dr Phillips Luxury Real Estate
407 575 5392
Call Today!

Listing Search

HOME LOANS | 32819 | 32836 | Dr Phillips

NEXT
PREV

HOME LOANS

A VA loan is the best loan a veteran can have. This is your entitlement is from serving in the Armed Forces and to use as your primary residence only. This loan requires no money down and debt to income ration is a bit higher than the standard loan which is a bonus. Another pro is that there is no mortgage insurance which is a huge money savings and closing cost is capped and may be paid by the seller. There is a one time funding fee depending on the amount of the loan charged to you. You can roll this fee into the loan as well. You may also use your IRA to borrow for closing cost without penalty, withdraw just before closing and keep receipt. Show receipt to accountant  so that it shows in conjunction with buying a home. This is a well deserving loan and being that this is your entitlement I highly encourage you to use it. 

CONVENTIONAL LOANS

This is the second strongest loan in the seller eyes. You can use this loan for your primary or investment property. using as an invest property the rate is slightly higher. Typically 5-20% down and credit score over 720 can qualify you and loan backed by Fannie Mae or Freddie Mac. Current laws requires Private Mortgage Insurance is for loans of 80 percent loan to value. 

FHA LOANS

This is the common entry level loan for any buyer. This loan require's min 580 credit score and up. Some lenders don't process below 580, if so the interest rate is higher. Most lenders start at 620 credit score.Emphasizing again the higher the credit score the better the interest rate is with less risk. Mortgage insurance is required on these loans. If short on funds you can receive a gift fund to help from a family member to assist. Generally these funds must be (seasoned in your account for 60 days or more). A certain letter format is required (ask your lender). A one time 3.5 percent fee amount of the loan is charged for borrowing the money. 

USDA LOANS

These loans are designed for rural areas with 100 percent financing. These loans are backed by the government. The con is when the government runs out of this money set aside, that is it until it is replenished. Ensure you use this loan in the beginning of the fiscal year. Generally a 620 credit score is required to qualify and may vary from lender to lender. 

As for searching for Orlando Real Estate, I am one of the finest realtor's on time you can find. Call me today at 407 479-8583 for immediate response for a personal lender. Facebook Kevin Sells Florida and Kevin Selling Florida.

 


  • HOME LOANS | 32819 | 32836 | Dr Phillips
  • HOME LOANS | 32819 | 32836 | Dr Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 11/26/21 9:46 PM) |
Featured Listings
Orlando Real Estate
$123,500
1 BED
1 BATH
NEW LOWER PRICE! Wonderful opportunity to own a condo-hotel/ Airbnb in the best location in Orlando. This unit is lig... Read More
Orlando Real Estate
$659,000
4 BED
2 BATH
LOCATED IN THE GATED COMMUNITY OF ORANGE TREE is this amazing fully renovated POOL HOME. No other home in the area has b... Read More
Orlando Real Estate
$1,299,997
5 BED
4.5 BATH
Royal Cypress Preserve by Toll Brothers is where serenity meets luxury! This intimate, residential gated community is s... Read More
Orlando Real Estate
$686,000
5 BED
3 BATH
MUST SEE !!!! GORGEOUS 5 bedroom / 3 bathroom spacious move-in ready home located in the sough after MABEL BRIDGE com... Read More
Orlando Real Estate
$875,000
5 BED
5 BATH
The name says it all "Dr. Phillips area " It has so much of things and are coming which can''t be described in this litt... Read More
Orlando Real Estate
$390,000
3 BED
2 BATH
Welcome to your new home! This beautiful home is located close to Highway I4, Universal theme park, Volcano Bay water ... Read More
Orlando Real Estate
$137,000
1 BED
1.5 BATH
Location, location, location! INVESTORS ALERT!!! Nice 1 bed/ 1, 5 bath condo at the sought after Sand Lake Village Con... Read More
Orlando Real Estate
$949,000
4 BED
3.5 BATH
Custom Golf front home in highly desirable Bay Hill! One of a kind, contemporary 2 story home in a quaint cul-de-sac on... Read More
Orlando Real Estate
$980,000
4 BED
4 BATH
Beautiful Waterfront home in highly desired royal legacy estate. Seller has never lived or rented out before - can be ... Read More
Orlando Real Estate
$342,999
3 BED
3.5 BATH
Beautifully decorated 3 bedroom, 3.5 bath townhome in Vista Cay. This gated resort-style community includes resort-styl... Read More
Contact Wendy Morris Realty

407 575 5392

Wendy Morris LLC
DBA Wendy Morris Realty
Licensed in the State of Florida
BK 3146762
11256 Lemon Lake Blvd
Orlando, FL 32836

Your privacy is our utmost concern. We will never sell your personal information. Privacy Policy
©2011 -2021 drphillips.info - all rights reserved. | Site Map | HOME LOANS | 32819 | 32836 | Dr Phillips