Mortgage Solutions, Mortgage Financing in Hernando County Florida

Buying a Home is one of the most exciting events in your life.

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With our expert Guidance we will make sure your home search is fun, exciting, and as stress free as possible.

Ask us about our "Premier Advantage" purchase program and find out how you can get up to a $2500.00 credit toward your Closing Costs when you use Mortgage Solutions to finance your Dream Home

Below are just a few of the more popular loan options available to buyers today. With the recent trouble in the mortgage industry lending guidelines have certainly changed quite a bit in the last few years. Mortgage Solutions can help you navigate through the changes and make sure that you still get the best financing options that are available today. Mortgage Solutions team of Profesional Mortgage Bankers can help you get the lowest rate possible with the best terms available today. With the recent credit crunch if you are thinking about convetional financing you should be prepared to put down at least 20 percent for a down payment. This does not however mean that you must put down 20 percent in order to get a loan. Despite the polular belief there are still several programs available that will allow you to put little to no money down. Below are some of the most popular ones. For more information please visit www.fhaforall.com.

FHA & GOVERMENT LOANS

An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD). The FHA does not loan money to borrowers, rather, it provides lenders protection through mortgage insurance (MIP) in case the borrower defaults on his or her loan obligations. Available to all buyers, FHA loan programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans.

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than for conventional loans.

Some of the other benefits of FHA financing:

VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.

Other benefits of a VA loan include:

Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee the may be paid in cash by the buyer or seller, however generally it is financed in the loan amount.

A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.

Veterans can apply for a VA loan with any mortgage lender that participates in the VA home loan program. A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan.

Mortgage Solutions is located in Hernando County in Spring Hill Florida, we are only a short distance to Tampa making it the perfect place to call home. We have been servicing the Tampa Bay real estate community for many years, and bring you over 21 years of combined knowledge and experience. You wont find a friendlier more knowledgable staff of professionals anywhere. We will assist you with every aspect of your real estate transaction, from getting appraisals to title insurance, to pest inspections, all the way through underwriting and closing. At Mortgage Solutions we do 90 percent of the "leg work" for you, making sure that your transaction is smooth, inexpensive, fun, and easy! Call us today to see what we can do for you!

To Contact Mortgage Solutions Please call 352-688-7949 or toll free at 877-510-RATE

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