(239) 400-4707

Office Hours: 8-5pm Mon-Friday

Welcome to Lenders Retail Center, Althas

Purchasing a home is probably one of the biggest investments you'll ever make in your lifetime. We are with you every step of the way.

Welcome College Grad's and Congratulations on your achievements

At Lenders Retail Center, Althas, we are partnering with lenders that want to help our college grads to become home owners.  

 

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

At Lenders Retail Center, Althas, we treat each customer as an individual, not a number. We don't place you into a loan profile formula created by the banking industry. We use "common sense" and will help you obtain the best loan possible. We represent a wide range of "A" rated lenders with first quality rates to private "hardship" lenders.

We work with more than 100 investors. This allows us to get you the best rates on all types of loan programs including: 30yr mortgage, 20yr mortgage, 15yr mortgage, 10yr mortgage, 1yr ARMS, 3yr ARMS, 5yr ARMS, Conventional, Jumbo, Home Equity Lines, VA and Commercial. Whether your situation calls for Full Documents, No Documents, Non-Owner Occupied (Investor) or Multi-Family, we'll fit your needs!

 

  • Great Rates
  • Low Fees
  • Fast Closings

 

Testimonials

Lenders Retail Center, Althas has the most amazing service. 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!

Bob Smith, Bonita Springs FL

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!

Gary Anderson, Bonita Springs FL