The Return of Smart Non-Prime Lending in South Florida!!!
Recently, Non-Prime or Sub-prime mortgages have started to make their way back into the wholesale mortgage market through the Mortgage Broker community, enabling previously unqualified buyers to obtain financing on a home. Several of the available programs that have caused the largest impact are the self-employed bank statement program on credit sores above 600 as […]Continue reading
History of Colonial First Mortgage
Colonial First Mortgage Funding Corp. is a licensed Florida Mortgage Broker that has been family owned and operated since 1996. Areas of expertise include Conventional, FHA, VA and Commercial mortgages. Colonial First Mortgage also has extensive knowledge with Foreign Nationals as well as Commercial Mortgage Loans. Some of the services provided include, pre-approvals and free […]Continue reading
The truth about FHA mortgages
Most consumers have the misconception or believe falsely that FHA mortgages are for first time home owners, when in fact, this is not the case. An FHA loan can be obtained whether or not it is the first time buying a home or your tenth time buying a home. One of the most important qualifications […]Continue reading
Jumbo Loan guidelines loosening for qualified borrowers
A strange thing is happening in the Jumbo mortgage market. Guidelines and programs that were almost non-existent less than 2 years ago, are officially back. The limit for conforming loans(Fannie Mae, Freddie Mac) is $417,000 in most of the country, with the exception of High Balance conforming loans which can go up to $625,000 in […]Continue reading