Cash sales, foreign investors drive down mortgages in Florida

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1st Florida Lending Corp., a registered Mortgage Lender Orlando servicing all of Florida offering over 48 loans programs including Conventional Loans, Non-Conforming Loans, FHA Loans, VA Loans, USDA Loan, Self-Employed Loans, Bank Statement Loans, No-Doc Loans, Reverse Mortgage Loans, ITIN Loans, Rental Investment Loans, to name a few and specializing in Bank Statement Loans or "stated loans.

Stated income loans for commercial and investment real estate allow a quantified source of financing for those who are self-employed. Banks will look at a no income verification or self-employed loans as a credit risk even if the borrower or investor had great credit and superb cash reserves.

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It includes purchase loans one day after foreclosure or short sale, loans as large as $1 million, and options for investors, non-permanent resident aliens and foreign nationals. Embrace Home Loans offers so-called "unconventional mortgages" including a bank statement program designed for self-employed borrowers with loan amounts up to $2.

The cities with the biggest month-over-month jumps in the number of all-cash sales, according to RealtyTrac, included Florida (63. or paid off their mortgages account for around 12%. The rest.

We work with Foreign investors seeking financing for Residential and Commercial properties. We can offer stated income loans or loans based of off the properties cash flow. These loans are investor friendly and there is no limit to the amount of loans a borrower can have financed.

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Bank loans “may not be enough” for companies seeking to raise cash to expand, meaning businesses will. insurance and asset-management companies as well as foreign investors for Nigerian assets, he.

The value of home sales climbed 16 percent from January to May, while property development investment. of Orlando, Florida, that his client acquired during the subprime-mortgage crisis. An.

Florida mortgage lenders providing FHA, VA, Conventional Florida mortgage loans.