Coral Springs Mortgage Broker – Pre Approvals, Refinances, & Purchases
When it comes to service where you need it fast, reliable, and a lender you can trust, there is not a lot of options to choose from. This is why at Kloze we provide Reverse Mortgage Loans, VA Loans, and FHA Loans. These loans extend from first-time home buyers all the way to the most seasoned investors looking to extend their reach. We have over 100 five star reviews on Zillow, so you know we bring the expertise you need to the table. This is financing at its finest, tailored to meet your needs. No gimmicks, no “turnaround time”, save you time and money in order to bring you the best we can offer.
FHA Loans & First Time Home Buyers
FHA is the federal government agency that is within the U.S. Department of Housing and Urban Development. FHA plays an important role in helping low-income and moderate-income families to quality for mortgages. The goal of the FHA is to help first-time buyers and other people who would not normally qualify for conventional loan. They provide mortgage insurance to the private lenders to help these people along in purchasing their first home.
While the FHA loan interest rates are usually at market rates, down payment requirements for these types of loans are actually much lower than the conventional loans. The down payment that is required for these types of loans can come up to be as low as 3.5 percent. That is also with the closing costs which can be included on a mortgage amount. So not only do you get an affordable loan, but you save money in the process!
VA Loan Mortgage Broker
VA Loans (Veteran Affairs) is actually guaranteed by the U.S. Department of Veteran Affairs. If you’re a service person or a veteran, then you qualify for the VA Loan. There are a couple of benefits to qualifying for this loan you will be hard pressed to find anywhere else. To show our Veterans we appreciate them, a few of the benefits you get with a VA Loan are:
- Competitive fixed interest rate
- Limited closing costs
- No down payment
It should be noted the VA itself does not issue any loans to the veterans or service persons. However, in order to be eligible for the VA Loan any veteran or service persons will require a certificate of eligibility that is issued from the VA. Once this certificate has been acquired, than service persons or veterans with the certificate can apply for the VA Loan.
Reverse Mortgage Loans
For those senior home owners who already own a home, we have the reverse mortgage loan just for you. How it works is the loan uses the equity of your home for collateral. A loan amount is then determined by two factors: a percentage of the home’s value and this in turn is determined by the age of the youngest home owner within the home. Another benefit is that once the loan is taken out, it does not have to be repaid right away. Instead, the loan is paid until the last surviving homeowner has actually permanently moved off the property or has passed away. After this time, the estate then has 12 months or a year, to pay off the balance of this reverse mortgage loan. Any remaining equity is then given back to the estate.
Mortgage loans are excellent for those times you need the cash, but don’t want high interest rates when it comes to pay the loan back. This type of loan makes it an excellent opportunity if you’re looking to purchase a new home or move off of your current estate.
Conventional Mortgage Broker
Here at Kloze, we aim to surpass the type of service expected of other Mortgage Brokers. We understand the stress of applying for a loan in order to own a home. We’re conventional in how we compare loans for our customers. We will walk you through the process, and help you to pick out the best loan to fit your needs. Our dedicated staff is professional, friendly, and more than happy to answer any questions you may have.
Jumbo Loan Mortgages
If you’re looking to take out a bigger home loan than normal, than a jumbo mortgage home loan may be what you’re looking for. This loan goes above the loan limits that are set by the Freddie Mac and Fannie May, which are government sponsored enterprises who buy mortgages from the lenders. Usually the limit for a jumbo loan is $417,000, but in higher cost areas that limit can sky rocket to $625,500. There is a higher interest rate when it comes to a jumbo loan, and the cost is higher than a standard loan. However, if you’re looking to invest in a higher end house right away the Jumbo Loan is probably one of the best options for you.
Kloze is always proud to serve our customers. We understand how important it is to have a place to call home, and we want to help get the home of your dreams. On our website we offer online prequalification to see if you qualify for any of the many loans we have to offer. We have loans for first home buyers and senior home owners. We look forward to hearing from you in the near future!