Paradise Real Estate
521 Simonton Street, KW
305-294-6008 office
305-896-8821 cell
305-768-0536 fax
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Various Types of Loans FHA Loan- The Federal Housing Administration (FHA) runs several programs to promote home ownership. In most cases, FHA loans are mortgages obtained with the help of the FHA. With a small down payment, buyers can purchase a home. FHA loans make it easier for people to qualify for a mortgage, but they’re not for everybody. The FHA guarantees that a lender won’t have to write off a loan if the borrower defaults – the FHA will pay. Because of this guarantee, lenders are willing to make large mortgage loans. VA Loan- The basic intention of the VA direct home loan program is to supply home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment. For veterans, those on active duty, plus members of the Guard and Reserve and surviving spouses of vets who died on active duty or as a result of military service. Conventional Loan- A conventional loan is a loan that is not guaranteed or insured by any type of government program. S.H.I.P. Loan- This no money down payment loan for first time home buyers is available through a program known as S.H.I.P which stands for State Housing Initiative Partnership. The program is available in every county in Florida. Each county receives state funds which they, in turn, use to promote home ownership in their area, particularly among those with the lowest income and the greatest need for financial assistance. However, these government assisted home loans are not just given to everyone. Individuals do need to meet specific requirements. Click here to view application and requirements. |
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Heather Roberts, Loan Officer Iberia Bank 1000 Kennedy Drive, KW office: 305-296-0016 email: heather.roberts@iberiabankmortgage.com |
Ruben Concepcion, Mortgage Broker Keys Financial Corporation 302 Southard Street, KW office: 305-294-1484 email: ruben@keysfinancial.com |
All properties listed are not necessarily listed by the above broker. This information is deemed reliable, but not guaranteed. Data is provided exclusively for the personal , non-commercial use of site visitors, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.