Florida Mortgage Broker

  Mortgage & Home Loan FAQs for SW Florida   1. Should I wait for interest rates to drop further in 2026 before buying? Answer: This is the most common question I get. While we are seeing rates stabilize compared to previous years, trying to "time the market" is risky. In Southwest Florida , inventory is currently healthy, meaning you have more negotiation power now —sellers are often willing to cover closing costs or buy down your rate. If you wait for a sharp rate drop, buyer competition will likely skyrocket, driving home prices up and erasing your savings. You can always refinance later if rates dip , but you can’t lock in today’s home price tomorrow. 2. Why is it harder to get a condo loan in Florida right now? (The "Milestone Inspection" Rule) Answer: Florida’s new condo safety laws ( Structural Integrity Reserve Studies ) fully took effect in 2025. Lenders now require condo associations to prove they have fully funded reserves for major repai...

The Myth: "I need to save 20% down before I can buy a house." This is the single biggest misconception stopping renters from becoming homeowners in Lehigh Acres ,  Cape Coral & surrounding SW Florida areas . The Reality: According to recent data, the average first-time homebuyer puts down significantly less than 20%. In fact, most of my clients put down between 3% and 3.5% . Loan Programs with Low Down Payments: Conventional Loans (3% Down): Yes, you can get a conventional loan with just 3% down if you are a first-time buyer. FHA Loans (3.5% Down): Perfect for buyers with credit scores starting at 580 . This is a very popular option in Lee County . with as little as 10% down & and good rental history you CAN have a lower than 580 score VA Loans (0% Down): If you are a Veteran or active duty military, you have earned the right to buy with zero down payment and no monthly mortgage insurance. USDA Loans (0% Down): Believe it or not, many areas around Punta Go...