Florida Mortgage Loan Programs for a Wide Range of Borrowers
Finding the right mortgage is about more than finding a competitive rate. The right loan program needs to fit your income, property, down payment, credit profile, and long-term goals. Florida Mortgage Providers offers traditional home loans along with specialized financing for self-employed borrowers and real estate investors.
Whether you are buying a home, refinancing, qualifying with alternative income documentation, or financing an investment property, we can help compare available loan options and identify a program that fits your situation.
Traditional Home Loan Programs
Conventional Loans
Flexible financing for primary residences, and second homes investment properties. Conventional loans offer a variety of down payment options and can be an excellent choice for borrowers with qualifying income, assets and credit.
FHA Loans
FHA loans offer flexible financing for eligible borrowers purchasing or refinancing a primary residence. Lower down payment requirements and more flexible credit guidelines can make FHA financing a valuable option for many homebuyers.
USDA Loans
USDA loans may offer 100% financing for eligible borrowers purchasing a primary residence in a USDA-eligible area. Eligibility is based on factors including property location and household income.
VA Home Loans
VA loans offer valuable financing benefits for eligible veterans, active-duty service members and certain surviving spouses. Qualified borrowers may be able to purchase a primary residence with no down payment and no monthly mortgage insurance.
Jumbo Loans
Jumbo loans provide financing for higher-value properties when the loan amount exceeds conforming loan limits. A variety of jumbo options may be available depending on the borrower’s credit, income, assets and property profile.
Mortgage Options for Self-Employed Borrowers
Being self-employed doesn't necessarily mean you need to qualify for a mortgage using traditional tax-return income. Depending on the loan program and your circumstances, alternative documentation may allow qualifying income to be determined using bank statements, 1099 earnings, or a profit and loss statement.
Bank Statement Loans
Bank statement loans may allow self-employed borrowers to qualify using deposits shown on personal or business bank statements rather than traditional tax-return income. These programs can be useful when tax deductions reduce the income shown on tax returns.
1099-Only Loans
1099-only mortgage programs may allow qualifying self-employed borrowers to document income using 1099 forms rather than traditional tax returns. This can provide an alternative for independent contractors and other 1099 earners whose tax returns may not reflect their actual cash flow.
P&L-Only Loans
Profit and loss statement loans may allow eligible self-employed borrowers to qualify using a P&L statement rather than traditional tax returns. These programs can provide additional flexibility for established business owners with documented earnings.
Investment Property Loan Programs
Real estate investors have financing options that extend beyond traditional owner-occupied mortgages. Depending on the property, rental income, investment strategy and borrower qualifications, financing may be available using conventional guidelines or programs designed specifically for investment properties.
DSCR Loans
Debt Service Coverage Ratio (DSCR) loans allow real estate investors to qualify primarily based on the rental income and cash flow of the investment property rather than traditional personal income documentation. This can be especially useful for investors whose tax returns may not reflect the cash flow of their rental properties.
Conventional Investment Property Loans
Conventional financing may be available for borrowers purchasing or refinancing investment properties using traditional income, asset and credit qualification. These loans can be a good option for investors who meet conventional underwriting requirements.
Short-Term Rental DSCR Loans
Short-term rental DSCR programs may allow investors to qualify using eligible rental income from vacation and short-term rental properties. Depending on the program, projected or documented rental income may be considered for properties operated through platforms such as Airbnb or Vrbo.
Not Sure Which Mortgage Program Is Right for You?
Choosing the right mortgage depends on more than just the interest rate. Your income and how it is documented, down payment, credit profile, property type, occupancy and long-term goals can all affect which mortgage programs may be available and which option makes the most sense.
A traditional Conventional, FHA, VA, USDA or Jumbo loan may be the right fit for some borrowers, while self-employed borrowers may benefit from Bank Statement, 1099-Only or P&L-Only programs. Real estate investors may have additional options, including Conventional investment property financing and DSCR loans based primarily on the rental property's income and cash flow.
As an independent Florida mortgage broker, Florida Mortgage Providers can compare loan programs from multiple wholesale lenders rather than being limited to the products of a single bank or lender. Our goal is to understand your circumstances, explain the available options and help identify a mortgage program that fits your financing needs.
Specialty Property & Unique Mortgage Solutions
Florida Mortgage Providers has access to specialty mortgage programs for properties and borrowers that may fall outside traditional lending guidelines. These options may include financing for unique property types, non-warrantable condos and condotels, acreage and agricultural properties, log homes, properties with unpermitted additions or ADUs, and borrowers who may qualify through alternative lending programs.
Because specialty loan guidelines vary considerably by lender, property and borrower profile, we can help identify financing options for situations that may not fit conventional mortgage guidelines.
Unique Property Financing
Log Home Financing
Financing may be available for log homes and other unique residential properties that may not meet the property guidelines of many traditional mortgage programs.
Non-Warrantable Condos, Condotels & Co-ops
Specialty financing may be available for non-warrantable condominiums, condotels and co-ops, including certain studios, efficiencies, lofts and units smaller than 500 square feet.
Mixed-Use Properties
Financing may be available for certain properties that combine residential and commercial use, such as a building with a residence and storefront, office, studio or other business space. Specialty programs may provide options when the property's mixed use falls outside traditional residential mortgage guidelines.
ADUs & Nontraditional Property Features
Unpermitted Additions & ADUs
Specialty financing may be available for properties with certain unpermitted additions or accessory dwelling units (ADUs) that may not meet traditional mortgage guidelines.
Multiple ADUs & Unique Property Configurations
Some programs may accommodate properties with multiple ADUs or other nontraditional residential configurations that can present challenges under conventional lending guidelines.
Acreage, Agricultural & Unusual Properties
Homes on Acreage & Hobby Farms
Specialty financing may be available for homes on substantial acreage and hobby farms, including properties that may exceed the acreage limits of traditional mortgage programs.
Agricultural & Specialty-Use Properties
Certain properties with agricultural exemptions or unusual income characteristics may be eligible, including vineyards and winery properties, bed-and-breakfast properties, agricultural leasebacks and properties with cell-tower income.
Land-Heavy, Seasonal & Off-Grid Properties
Financing may be available for properties where the land value exceeds the value of the improvements, as well as certain seasonal and off-grid residences.
Alternative Borrower & Financing Solutions
Community Lending Program
A specialized primary-residence mortgage program may be available for borrowers who do not qualify using traditional income or employment documentation. Qualification focuses heavily on equity, credit profile and verified financial reserves. Key program requirements currently include a maximum 80% loan-to-value, a minimum 680 FICO score and at least six months of reserves remaining after closing.
Work Visa & No-Credit Programs
Mortgage options may be available for certain borrowers living or working in the United States with an eligible work visa or employment authorization, including borrowers with limited or no established U.S. credit history.
Have a Property or Financing Situation That Doesn't Fit the Usual Guidelines?
.Every property and borrower scenario is different. If you have a property feature or financing situation that doesn't fit traditional mortgage guidelines, we can help explore available specialty loan options and determine whether a program may fit your circumstances.