![]() |
|
![]() |
|||||||||||||||
|
British Mortgage - NO DOC
Not yet found a home? No Problem. With a completed mortgage application, you will receive a letter of pre-approval and go shopping for a home. It's a loan waiting for you!
FOREIGN NATIONAL - LITE DOC ▪ FOREIGN NATIONAL - NO DOC ▪ FOREIGN NATIONAL 10% DOWN PAYMENT
If
you are "UNABLE" to meet the above "down payment" requirements, we offer a
combination mortgage program that only requires a
minimum 10% down payment.
Please visit:
http://www.floridamortgagecorp.com/foreign_national_nodoc-combo.htm
Restrictions: Condo-Hotels NOT eligible for financing under this NO DOC mortgage program. Residential established condo projects/developments must meet be built prior to 2004. None acceptable after 2004. Condos NOT financed in Dade, Broward, Palm Beach counties.
This (condo hotels) type of investment income property is for commercial use as hotels, that require special licensing from the State of Florida.
Unfortunately, the Orlando & Miami real estate market is currently "saturated" with this (condo hotels) type of investment income property, with many being sold at "distressed" prices. Furthermore, the Orlando & Miami real estate market is experiencing serious declining market values due to a high number of foreclosures. The investment property's use is determined by local county zoning laws, Homeowner's Association community guidelines, etc. A Condo-Hotel can only be located in a community that is legally zoned and allows the investment income property to be used for commercial use.
Please visit the following links for additional detailed information:
SHORT-TERM RENTAL HOME ▪ CONDO HOTEL ▪ DECLINING MARKET VALUE ▪ PROPERTY TYPES
UK or USA Mortgage? ▪ UK -USA Mortgage Glossary ▪ VISA Information
FOREIGN NATIONAL - LITE DOC ▪ FOREIGN NATIONAL - NO DOC ▪ FOREIGN NATIONAL 10% DOWN PAYMENT
NOTE: Interest rates and mortgage programs subject to change without prior notice. |
© MCMXCVIII Florida Mortgage Corporation, All Rights Reserved - Site Map - Site Map1 - SiteMap2 |