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Home Financing

  • Great Rates
  • Low Fees
  • Fast Closings

Free Consultation

  Equal Lender Accredited Business Secure Website Top Rated Lender

I had a great experience with Lenders Retail Center, Althas. Their team was in complete control and provided me with regular and consistant updates. The rate and fees presented at closing were exactly as agreed - no surprises!
Trevor S. – Bonita Springs, FL
Today's Rates
term
rate
apr
30 Yr Fxd
4.99%
5.285%
15 Yr Fxd
4.375%
4.871%
5 Yr ARM
4.25%
5.241%

At Lenders Retail Center, Althas, we are partnering with lenders that want to help our home buyers.  

 

2% DOWN PAYMENT ASSISTANCE - FHA Loan

 

The down payment assistance program works with an FHA Loan. An FHA loan requires a 3.5% minimum down payment from the borrowers, which can be a gift. The Down Payment Assistance program will credit borrowers 2% of the required down payment and the borrower will only need 1.5% towards the down payment in the purchase of their home. 

 

HOME BUYER SCENARIO

Purchase Price $250,000.00
FHA Loan Amount (96.5%) $241,250.00
FHA Down Payment Required from Buyer $8,750.00
Credit from Down Payment Assistance Program -SAVINGS- $5,000.00
Down Payment From Borrower needed to buy $3,750.00

 

General Requirements for an FHA Home Loan:

 

  • FHA Loan Limits 
  • 3.5% Down Payment (it can be a gift)
  • 580 Minimum Credit Score for a 96.5% Loan
  • Medical Collections do not count
  • Charge Offs do not count
  • 2 year income supported by tax returns, w2 - 1099, and paystubs
  • 2 year residence history
  • Work Permit allowed

 

Not all applicants may qualify for the Down Payment Assistance Program. Call us for restrictions of visit HUD.com to learn more about FHA loan requirements. The Down Payment Assistance Program applies only on FHA loans, 30 year fixed rates. For Qualification requirements please contact an Althas Team Member. For Full disclosures please visit: www.MortgageXP.com 

 

If you believe you do not qualify to purchase your Florida home with an FHA Home Loan, no worries! We have several programs to help you obtain the financing you need. Conventional Home Loans, Jumbo Loans, USDA Home Loans, Stated Income mortgage financing, 1 year tax return only - for 1099 only, and many other mortgage financing programs including residential and commercial. 

 

For more information please call today (239) 333-9729

or complete a No Obligation - Free Application visiting www.MortgageXP.com