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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:

 
New Construction
FHA Loan 3.5% Down
3% & 5% Down Conventional Financing
1% Down Conventional
Renovation Loans (Conforming & Investment)
100% Loan Guaratee- Better than FHA
Good Neighbor Next Door
$100 Down
Reverse Mortgage
Mobile/Manufactured Homes
HARP - Refinance Loan Program
203K FHA Rehab Loan
VA
Muliti Family
Investment Loans
15 Year Fixed
Interest Only
Land Loan
2, 3, 5, and 7 year Arm Loans
Hard Money Loans
30 year Fixed

New Construction

New Construction loans for Conventional, VA, and FHA

Conventional: As little as 5% down, 1 x Close

VA: 0% Down, 1 x Close: 30 year fixed rate loan

FHA: 3.5% Down, 1 x Close : 30 year fixed rate loan

Construction Only: for Residential and Commercial.

Builder Spec Construction, Commercial, etc.

Builder Line of Credit


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  

3% & 5% Down Conventional Financing

3% & 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 the life of the loan like FHA. Mortgage Insurance is normally kept until the principal balance is at least 22% or less of the value of the home. Each loan varies. 

Term: 30 years  

1% Down Conventional

 This loan is based on Credit Scores and max debt ratios. You need at least a 700 score and no more than a 43% debt ratio. Your 1% and closing costs can be a "gift" and you are credited 2% towards down payment by the lender. The loan is a 97% loan to value with you only putting the 1% down!


Renovation Loans (Conforming & Investment)

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.

Conforming: FHA and Conventional Rehab

Investment: Fix & Flip programs

 

 


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.


$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.


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.


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.


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.

VA

 A VA loan is a loan for a current or past Veteran. This loan type is 0% down with no monthly mortgage insurance and a fixed rate. This is one of the best loan types if you do qualify.


Muliti Family

Residential 1-4 unit Dwelling

Residential 4 plus dwellings

 


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


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.


30 year Fixed

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




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.