At a Glance
Minimum Down Payment
(first time homebuyers and/or those who have not owned a home in the most recent 5 years)
Minimum Down Payment to avoid PMI
PMI (Private Mortgage Insurance)
Applies if financing > 80% of sales price
Minimum mid-credit score
Min/ Max Loan Amount
$50,000 - $726,200*
* in most areas of Florida, except Monroe County (The Florida Keys, $874,000
Loan Repayment Terms
10 yrs, 15 years, 20 years, 30 years
Fixed rate or adjustable rate
Recent Negative Credit Events
(Bankruptcy, Foreclosure, Short Sale, Deed-in-Lieu)
» See Eligibility Waiting Period Chart
Owner-occupied, Second/Vacation Homes, and Investment properties
NON-US Citizen Requirements
LOAN SIZE LIMITS
FOR MOST COUNTIES IN THE STATE OF FLORIDA, THE MAXIMUM LOAN SIZE FOR A SINGLE-UNIT HOME IS $726,200.
The maximum loan size in Monroe County (Florida Keys) - $874,000
Click image below for an interactive map of all US Counties.
ACCEPTABLE HOME TYPES
This is not a commitment to lend. Not all borrowers will qualify for the loan programs listed. All program terms and conditions are subject to change and may be discontinued without prior notice. Contact loan originator for program questions and scenarios.