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Eli Magen
Your mortgage consultant for life
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Florida mortgage home loans
Florida Mortgage Rates & Terms
Mortgage Directory & Information
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Residential mortgage loans in the State of Florida
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Commercial loans up to 97% Loan to Value
Your business start right here.
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Florida Real Estate Financing,
Primary home loans, Vacation/Second home loans,
Orlando Home Loans, Investment Loans, Debt Consolidation, Refinance Cash Out, Remortgage
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HELOC - Home Equity Line Of Credit - great products
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Foreign Nationals: Floridian Holiday Villa Loans up to 80%
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ITIN: Up to 95% for non-citizens with a Tax ID number
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Prime Rate as of June 30, 2008 is: 5.00%
Email questions and loan scenarios to:
Eli@AbsoluteFloridaMortgage.com
Absolute Florida Mortgage is a mortgage broker company, main offices in Orlando, that provide a full array of mortgage home loans with competitive rates in the state of Florida.
We are able to assist with home loans in Florida, and commercial loans in most states. Please call or email me to find out answers for specific loan scenarios.
We provide mortgage loans for Florida home buyers, Florida Home refinance, Florida Investment properties, Cash-back, Debt Consolidation loans, Line of credit, Cash out and unique mortgage programs for first time home buyers, local residents, commercial real estate loans, loans to companies and foreign nationals investors.
WE DON'T JUST TAKE YOUR APPLICATION AT ABSOLUTE FLORIDA MORTGAGE,
WE WILL DO THE BEST POSSIBLE UNDER THE GUIDELINES AND RESTRICTIONS PROVIDED BY EACH LENDER TO FUND YOUR LOAN **
Dear Customer, the following is IMPORTANT TO READ:
** This home page and all other pages on this website showing examples of mortgage loans and mortgage products are AS advertised by the lenders which our office is working with.
We are the mortgage brokers...Not the lenders...this fact allow us to search among our lenders for the better mortgae program, rate and terms, for the benefit of our customers, each one individually per his/her personal criteria.
It is our intention to update the mortgage programs on this website as programs changes occurs.
** However, in such a fast changing mortgage market, when some lenders are closing their doors, and others are changing their guidelines & advertisements - daily, it is important that you will email me with your questions so I can update you with the current mortgage products available. Thank you.
** Please note that mortgage programs, rates and/or guidelines are subject to change on a daily basis and without notice !!!
lenders mortgage programs:
WCA1 mortgage program 06-11-08 (All LTV’s already adjusted for Declining Market)
Exceptional Alt-A Product Line
SIVA
- Purchase & LCO to 70% (700)
- Unlimited Cash-out to 70% (720)
- 2nd Home Purchase & LCO (700), C/O to 70% (720)
- Investor Purchase & LCO to 70% (700), C/O to 65% (720)
SISA:
· Owner Occupied Purchase, R/T to 70% (700), C/O to 65% (720)
· Second Home Purchase, R/T to 70% (700), C/O to 65% (720)
« Unsurpassed FHA/VA & Streamline Refi’s. –580 Minimum Score, 97% Max LTV
« Dependable Conforming & My Community: I.O. Options Available, 90% LTV, CLTV up to 97% with a Community Second. (680 Required to go to 97% CLTV)
« Prosperous Jumbo Loans: Competitive Fixed Rates, 90% LTV up to $650,000, 75% CLTV up to $2,000,000
« Unique Portfolio Products and Underwriting: (LTV subject to property location)
- Auspicious Foreign National - 2nd Home Purchases & Verified Assets only!!
- Verify Job and Assets Only to $1,000,000!!
- Same Low Rates from $50,000 to $750,000!!
- Jumbo Loans up to $5 Million!!
- No Limit on # of Properties Owned / # of Mtgs. Held
- First-Time Homebuyers & Gifts OK (“Q.Q.” or Full Doc)
« World’s BEST Pick-A-Pay loan (4 Payment Options)
- Monthly, 1yr Fixed, 3yr Fixed, 5Yr Fixed and 30yr Fixed Options Available!!
- Inimitable Fixed Rate Conversion Option into Fannie Mae loan for only $200!!
- Exclusive Bi-Weekly feature to accelerate the amortization!!
Be sure to ask me about our Quick Qualifier loan to $1,000,000 AND our Relaxed Docs for Foreign National at 75% LTV(Also Quick Qualifier)!!
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A Paper /Alt A / (PM11)
- 100% 660 Full Doc 700 SIVA ($750K max Loan Amount)
- 95% Stated with 640 Fico Score
- 90% No Doc with a 680 Fico Score
- 95% SISA Cash out with a 620 fico
- 95% No Ratio up to 500k with a 700 fico
- 95% NINA up to 500k with a 680 fico
CONFORMING Loan Programs: (BG45)
95% SISA Pur/R&T, 720 Score
90% SISA Pur/R&T, 680 Score
90% SIVA Pur/R&T, 660 Score
90% SIVA Cash Out, 680 Score
95% Full Doc Pur/R&T, 620 Score
90% Full Doc Cash Out, 620 Score
NO Pre-Pay
Interest Only Available
2nd Home and Non-Owner Available
1 Month off Market for Owner-Occ OK
3 Months off Market for 2nd Home & Non-Owner OK
Manufactured Housing (1974 or newer, Double or Triple-Wides) OK
Jumbo Loan Programs:
80% SIVA To $1,500,000 !
Purchase/R & T Combo with 720 Score (75% Cash Out)
70% SIVA To $1,000,000 !
Purchase/R & T Combo with 680 Score (65% Cash Out)
Minimum loan both programs is $417,001
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More of our Floridian mortgage home loan prog
A-paper Program- Classic Max 95% LTV (AR-95)
One Loan with No MI, available on all products except on Choice Advantage!
Up to 95% Stated/Verified or No Ratio on O/O & 2 nd homes starting at 660mid!
Up to 95% FULL DOC on Investors starting at 720mid!
Up to 90% State/Verified or No Ratio on O/O & 2 nd homes starting at 620mid!
Choice Advantage (aka. Hybrid Option ARM, 4payment choices) Up to 90% Stated/Verified or No Ratio on O/O starting at 680mid!
Up to 85% Stated/Stated on O/O & 2 nd homes starting at 620mid!
Up to 90% Stated/Verified on Investors starting at 720mid!
Stated & No Ratio Programs available for S/E, W-2, & Retiree borrowers!
Rent Free Letter acceptable on FTHB!
1 day after closing rate/term or cashout!
DU approvals accepted!
Up to 55% DTI on certain programs!
Condo-Tels, Condo Conversions, Warrantable & Non-warrantable Condos are all acceptable!
Restrictions apply on all programs
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More mortgage programs and guidelines:
• Vacation homes/condos Real Estate & loans for Foreign National investors using US & UK lenders. Foreign nationals up to 80% on Option Arm or 30 year fixed allowing the first home in Florida to be considered as Owner-Occupied...!
For foreign national home loan guidelines visit www.AbsoluteFloridaMortgage.com/ForeignBuyers .
For all customers from the USA, UK & Western Europe - major money savings on your currency exchange - visit: www.AbsoluteFloridaMortgage.com/CurrencyExchange .
• Great HELOC - (Home Equity Line Of Credit) products, with NO CLOSING COSTS, and RATE UNDER PRIME (credit 680+ ). For HELOC programs click on www.AbsoluteFloridaMortgage.com/HomeEquityLinesOfCredit .
• Option Arms, 640 fico, 1% start rate, loan amount up to $3 million. Also, option Arm with fixed rate for the first 5 years. For Pay-Option-Arm loans visit www.AbsoluteFloridaMortgage.com/OptionArmPrograms .
• Many loan products from dozens of lenders.
• Commercial loans, in most states, up to 97% financing for Individuals, Corporations, LLCs, Partnerships & Trusts. Full documentation up to $6,000,000 with credit score as low as 580. Commercial loans for multi-family, mixed-use, retail, office, office-condo, warehouse, industrial, bed & breakfast, motel, hotel and other type of facilities. For more detailed information, visit www.AbsoluteFloridaMortgage.com/CommercialLoans .
The programs described above are just a few of many programs we are able to provide to our customers.
**2nd Reminder: Please note that terms and/or rates, mortgage programs and/or guidelines are subject to change by the lenders on a daily basis, and without notice.
 Get the best mortgage loan for you :When you decide to buy a home or refinance a mortgage, it's a big step. You can trust us to find the loan program that's best for you.
Wholesale Lenders List : Our wholesales lenders list is more than 70 names long, including some of the strongest lenders and some of the most creative lenders nationwide. This will serve us the best when I'm searching among these lenders for the best program, rate and term for you the borrower. Just to mention some of the lenders names: Sun Trust, Wells Fargo, Washington Mutual, First Magnus, First Franklin, Bear Stearns, ABConduit, Lehaman Brothers, ACT, ALT, Aurora, MortgageIT, Home Equity America, GBHomeEquity, Chevy Chase Bank, Aurora, Citi mortgage, National City, British Mortgage Abroad and many more...
Buying a new home : is a source of anxiety, frustration -- and a huge sense of accomplishment. You didn't pick the house that was best for someone else, you picked the one that's right for you! Trust our professionals to find the mortgage loan and mortgage rates that best fits your needs, too. "Less paperwork and more personal attention" means you enter a frustration-free zone from application to decision. Getting the right mortgage loan is like getting the keys to your new house! We can help you get into your property in Orlando, your overseas investments or your Orlando vacation villa.
Mortgage Refinance : has never been easier. If you thought refinancing meant getting buried under mountains of paperwork, think again! We make it easy and worry-free to reduce your interest rate and monthly payment. We can even help you pay down your balance more quickly for comparable monthly payment. Let our professionals guide you to the very best home refinance loan!
Tapping into your home equity : is easier than ever before. You've been paying down your balance, and property values have gone up! Tap into that wealth and reward yourself. We'll help with the best program to fit your goals.
Our mortgage professionals give you the personal attention you deserve and treat you with the respect due a valued customer. We understand you're making a commitment in buying a new home, refinancing and mortgage or cashing out your home equity. So we make a commitment to you. We will help you qualify, apply and be approved for the right mortgage loan for you. Not anybody else!
Please navigate our website to learn more about our great loan programs for HELOC - Home Equity Line Of Credit, our commercial loans, and the different financing opportunities.
re here for *8ou !!!ww
INVEST IN REAL ESTATE - INVEST FOR YOUR FUTURE !
When You Succeed I Succeed
And That Is My #1 Priority!!!
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Investors are taking advantage of a Buyers market!
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Your Referrals Are The Heart Of My Business!!!
Eli Magen
EMAIL: emagen1@yahoo.com
Eli@AbsoluteFloridaMortgage.com
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