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Primary Residence
Conventional
Rotella Mortgage’s most popular purchase program is a
Fannie Mae, 80/10/10 loan. This loan is broken up into an
80% 1st mortgage, coupled with a 10% second mortgage. This
allows the consumer to purchase a new home with a minimal
10% down payment and still qualify for great low rates. It
also eliminates the need for the costly private mortgage
insurance premium. Of course, many other options are
available. To find out what program best suites your needs,
contact one of our friendly loan officers. Please
click here.
VA
For those who qualify, a Veterans Administration loan is
one of the best programs available. This loan allows former
and current veterans to finance 100% of their home purchase.
The rates are great and with little or no money out of your
pocket, this allows the borrower greater flexibility. To
find out more about the benefits of a VA loan,
click here.
FHA
Since the sub prime loan disaster, FHA loans have become
more popular than ever. Most FHA loans require a minimum of
3.5% down payment but if you purchase a HUD foreclosed home,
you can get in for as little as $100! Call us for a list of
HUD homes in your area. Another reason that FHA loans are so
popular is that many lenders either have no minimum score
requirement or allow borrowers down to a 600 score to still
qualify. Do you qualify for a FHA loan?
Click here to
contact one of our mortgage professionals.
Sub Prime
The days of consumers with rough credit qualifying for
100% financing without documenting their income is gone,
probably for good. However, Rotella Mortgage does still have
some lenders that look “outside the box” and if the loan
makes sense can still help get you into your dream home.
Since all of our pre qualifications are free of charge, what
have you got to lose? Get started by
clicking here to get more
information.
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