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Suarez Home & Finance Corporation offers a variety of loan programs to meet your needs. We work with several lenders in the industry to provide the best financing on the following loan programs:

 
3% Down Conventional for New Home Buyers
95% Conventional Financing
30 year Fixed
FHA Loan 3.5% Down
$100 Down
100% Loan Guaratee- Better than FHA
Good Neighbor Next Door
Constuction Rehab Loan - Homestyle Conventional Loan
New Construction Loan
HARP - Refinance Loan Program
203K FHA Rehab Loan
Mobile/Manufactured Homes
Investment Loans
15 Year Fixed
Interest Only
Land Loan
Reverse Mortgage
2, 3, 5, and 7 year Arm Loans
Hard Money Loans

3% Down Conventional for New Home Buyers
This Conventional Loan is for the Buyer's that have not owned a Home or property in the past 3 years. There is monthly mortgage insurance only until you have 22% in Equity. This equity can be a combination of normal monthly payments, the down payment at closing, extra payments applied towards principal balance only, and the value of your home increasing. Home values are consistently increasing for awhile now. Maximum Loan Amount: $417,000.00 (This would be a max purchase price with only 3% down of $429,897.00) You are able to ask the Seller to pay a maximum amount of 3% of your closing costs. You would be responsible for the 3% Down and the balance of the actual closing costs. This loan is a very good product due to the fact that you are not required to keep the monthly mortgage insurance for the life of the loan like FHA. Debt Ratio (gross income vs. debt) is capped at 45%. Scores can be as low as 620.

95% Conventional Financing

5% Down on a Conventional, 30 year Fixed Rate Mortgage.

Up Front Mortgage Insurance Premium w/ options. Monthly Mortgage Insuarance is required.  Mortgage Insurance is not required for 60 months like FHA. Mortgage Insurance is normally kept until the principal balance is at least 20% or less of the value of the home. Each loan varies. Average time between 12 to 24 months minimum.

Term: 30 years  

30 year Fixed

Fixed loan rate where principal and interest will never change for the life of the loan.


FHA Loan 3.5% Down

FHA Loan Requires 3.5% down.

This loan type is only for your Primary Residence and requires Mortgage Insurance to be paid Monthly and a one time Upfront Mortgage Insurance Premium.

The loan is a great product for those that are looking for minimum down payment, has other investment properties, and would not qualify for 100% financing.

 

Term: 30 years  

$100 Down

This is a FHA loan that is used to purcahse a current HUD owned home.

A HUD owned home is a foreclosed home that had a FHA financing.


100% Loan Guaratee- Better than FHA

This loan type is a 100% Loan program that has NO monthly MI (Mortgagge Insurance), No Reserves, No Assets, Unlimited Gift Funds, No Score Requirement and more.... about 90% of Florida would qualify for this loan. Fixed Rates, No Prepayment Penalties, Conventional Low Rates. Excellent Program!!!

The Loan is based on 100% of the property value plus the 3.5% USDA fee. This fee is due to borrowing more than 80%.


Good Neighbor Next Door

This loan is for Law Enforcemen, Firefighters, EMT's, and Teachers

Save up to 50% on the purchase of a Hud owned home.


Constuction Rehab Loan - Homestyle Conventional Loan

This Loan is Perfect for those who are looking to do some Re-Modeling and/or Additions. It is treated like a Construction Loan and a Refinance in one.

The Loan amount would be based on what the value of the home is after the project is completed.

 


New Construction Loan

Wanting to Build your Dream House. Well now it is possible. We can get the Construction Loan you need with a 1 time closing.  After Construction is completed you will pick the Program type you want for a Fixed Rate, Adjustable Rate, ARM, Interest Only, etc. 

Let us help you make your Dream Come True!

 


HARP - Refinance Loan Program
The HARP loan is for those with a current mortgage that is owned by Fannie Mae or Freddie Mac and value is less than the principal balance. You can refinance into a lower interest rate and save thousands of dollars through out your loan term. To see if your loan would qualify, check Fannie Mae & Freddie Mac at: Fannie Mae: https://knowyouroptions.com/loanlookup Freddie Mac: https://ww3.freddiemac.com/loanlookup/index.html Your loan does not have to be on your Primary Residence. This loan can be used for Primary Residence, 2nd Homes, and Investment Properties. New loan would still be a fixed rate. If you currently have Mortgage Insurance, that would continue. If you do not have mortgage insurance, you still would not have it. Even if your loan to value is 200%. (you owe 200% of your current value). No Appraisal is required.

203K FHA Rehab Loan
These loans are for a currently owned home or to purchase a new home. Many homes on the market now are Foreclosures and need some type of work, whether a new roof, air condition, or more. This loan allows you to include all rehab into your loan and complete the list of repairs, additions, changes, etc. that need and want to be done. This loan can also be for adding an addition to your home. This is a FHA product so, there is mortgage insurance for the life of the loan. We can also refinance you out of this loan into a Conventional loan afterwards. The closing costs would more than out weight the monthly mortgage insurance for the life of the loan. For instance, if the mortgage insurance is $100.00 monthly that is $36,000.00 over the life of the loan for 30 years. If the closing costs are approximately $5,000.00, you would recoup this money in only 50 months. This is well worth it.

Mobile/Manufactured Homes

Fixed Rate Mobile and Manufactured Home Loans. FHA financing is available.

Depending on your credit score, we can get your loan close to the normal Home Loan rates.

Hard Money Lenders as well.


Investment Loans
  • Inestment Loans with normal rates
  • Cash out available
  • up to 10 properties financed
  • regular fixed rate mortgage

 


15 Year Fixed

Pay off your Home in 15 years with a Fixed Rate Loan


Interest Only

Loan payment is Interest Only for a set term and than adjusts on the following payment.


Land Loan

Anywhere from under 1 acre up to 20+ acres


Reverse Mortgage

A Reverse Mortgage is generally used by those who are retired so they may Travel and live life with the Equity they have gained in their home. There are no payments, closing within 30 days normally.


2, 3, 5, and 7 year Arm Loans

Loan is fixed for a number of years and than adjusts at the beginning of the following month. This type of loan is good for those maybe planning on moving, selling, expecting the Equity in the home to increase or credit to get better in order to refinance in a couple of years.


Hard Money Loans

Low Scores or Bad Credit.

Hard Money loans can get you the Home you want. Whether the Property is not able to be financed Conventionally or you have credit issues to be resolved.

No Prepayment Penalty. 30 year Fixed Amoritization.




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.