Florida Mortgage Corporation offers a NO DOC mortgage program with basically a completed "BLANK" mortgage application. This means the applicant or borrower does NOT disclose any of the following information on the mortgage application. 


  Up to 60% LTV Financing   -  40% Down PaymentTRUE NO DOC   (primary home)

  Up to 90% CLTV  - 10% Down Payment

  NO DOC mortgage

  NO Supporting documentation

  NO Employment disclosed  -  None required

  NO Income disclosed  -  None required

   NO Assets disclosed  -  None required

   NO Bank statements  -  None required

   Second Home  =  70% LTV   (Purchase)

   Investment Home  =  65% LTV   (Purchase)

   Cash-Out Refinance   =   Up to 65% LTV   (Primary Home)

   Cash-Out Refinance   =   Up to 60% LTV   (Second Home)

   Cash-Out Refinance   =   Up to 55% LTV   (Investment Home)

   Loan amount:  Up to Three Million dollars    (Loan "amount" determines LTV)

   Corporate, partnership and trust permitted

   Credit Scores determine LTV  =  (Lower LTV for "lower" credit scores)

   Short-Term rental homes:  Up to 50% LTV, or 90% CLTV financing  (income investment property)

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:


Restrictions:  Condo-Hotels NOT eligible for financing under this NO DOC mortgage program. 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 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 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 home 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:







NOTE:   Interest rates and mortgage programs subject to change without prior notice.

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