Search results for: credit
Short-Term Rental DSCR Loans in St. Augustine and St. Johns County
Short answer A short-term rental DSCR loan qualifies you mainly on the property’s projected or actual rental income, not your personal income. These are business-purpose loans for non-owner-occupied rental property. Before you buy, confirm that local zoning, licensing and HOA rules allow short-term rentals. Program guidelines apply. Call or text 904-880-6741 Ask about your actual…
Read MoreAppraisal Came in Low in Jacksonville? Your Options Before the Deal Falls Apart
Short answer When an appraisal comes in below the purchase price, the lender bases the loan on the lower value, which leaves a gap. Common fixes are renegotiating the price, covering part of the gap, asking for a reconsideration of value, or using your appraisal contingency. Act quickly, because contract deadlines keep running. Call or…
Read MoreMortgage Denied for High Debt-to-Income in Florida? What to Do Next
A mortgage denial is one lender’s decision on one version of your file. It is not the whole market’s decision. Lenders apply the same agency guidelines in different ways. Many add their own stricter rules, called overlays. And sometimes income or debt simply gets calculated in a way that doesn’t help you. A second opinion…
Read MoreHow to Get Your VA Certificate of Eligibility in Florida (I Can Pull It for You)
Short answer Your Certificate of Eligibility (COE) shows the VA that you qualify for the home loan benefit and how much entitlement you have. I have direct VA portal access, and in many cases I can pull it for you during a short phone call. Guidelines may change, and lender overlays may be stricter. Call…
Read MoreHome Equity Loan When Your Tax Returns Show a Loss (Florida)
Tax returns showing a loss? You may still qualify for a home equity loan, HELOC, or cash-out refinance in Florida. How depreciation add-backs, bank statements, and asset-based options work.
Read MoreManufactured Homes, Condos and Small Loans in Florida: The Complete Guide
Short answer Yes. Manufactured homes on a permanent foundation, condos, land and small loans under $100,000 can all be financed in Florida. They just have more rules, and many lenders skip them. A broker with many wholesale lenders can find the ones that do these loans. Program guidelines apply; all loans subject to credit approval.…
Read MorePast-Due Child Support and FHA Loans: Can You Still Qualify?
Short answer Often, yes. For FHA loans, if your collection balances, including past-due child support, total $2,000 or more, you can generally pay it off, document a payment arrangement, or have the lender count 5% of the balance in your debt-to-income ratio. Your regular support payment always counts. FHA guidelines may change, lender overlays may…
Read MoreFamily and Mortgages in Florida: Buying With, From, or For a Relative
Short answer Family can help in more ways than most buyers know: gift funds, a gift of equity, co-signing as a non-occupant co-borrower, or you can even buy a home for a parent or a disabled adult child. Here’s every option in one place. Call or text 904-880-6741 Ask about your actual file — no…
Read MoreHow Long Do You Need to Be Self-Employed to Get a Mortgage?
Short answer Usually about two years. Many programs accept one to two years if you worked in the same line of work before going out on your own, and bank statement or asset-based loans can help while your business builds history. Call or text 904-880-6741 Ask about your actual file — no SSN, no credit…
Read MoreJacksonville Mortgage Broker: Many Lenders, One Trusted Guide
One broker. Many wholesale lenders. The right loan for you. I’m Nathan Young. Since 2000, I’ve helped Florida families buy and refinance homes by comparing loan options from many wholesale lenders, not just one bank’s menu. Get my free rate quote No SSN needed to start · Free, no-obligation quote · Available for qualified borrowers…
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