Category: Cape Coral Mortgage

If you have substantial assets but limited income, you might still qualify for a mortgage in Florida through asset depletion loans. These loans look at your total assets rather than traditional income sources. Here’s how it works: your assets are divided by 60 months to calculate monthly qualifying income. If you’re 59.5 or older, 100% of liquid assets count; if younger, retirement assets count at 50%. You can borrow up to 80% of the property’s value, with a minimum 20% down payment and credit scores from 700 upward. The loan covers primary, secondary, and investment...

? Not all Florida condos qualify for conventional mortgages. Why? Many condos are deemed "non-warrantable" because they don’t meet criteria set by agencies like Fannie Mae and Freddie Mac. Common reasons include new construction, limited owner control over the HOA, low insurance coverage, underfunded reserves, high renter or investor percentages, short-term rentals, or ongoing legal issues. Fidelity Home Group offers specialized non-warrantable condo loans that help you finance these properties. We provide loans up to $6 million, flexible terms including ARM and 30-year...

Florida’s population keeps growing fast — about 1,000 new people every day in 2023 alone. This surge is driven by job opportunities, warm weather, and no state income tax. But it also means more demand for homes, especially condos and rentals. That demand changes your loan possibilities, especially if you’re eyeing non-warrantable condo financing or asset depletion loans. When buying in a hot market like Florida’s coast, your mortgage options might be different from other areas. We help you understand how the population growth affects available loan programs and what that means for your...

Ever stumble onto condo you are looking to purchase and wonder if it is warrantable? Non-warrantable and Condotels don’t have to be a mortgage roadblock. They do require more down payment, but also have options to use asset depletion, bank statements, DSCR, 1-year tax returns, and P & L as options for income. With Non-warrantable and Condotels commonly used for short-term rentals, Florida buyers and investors can still secure financing. Curious how these specialized loans work? Ready to explore solutions beyond traditional loans? #FloridaMortgages #NonWarrantableCondoFinancing...

? Thinking about buying a home? Start with a Homebuyer Consultation to explore your loan options clearly. Our experts provide personalized advice—from financial assessments to mortgage consultations—helping you understand each step of the process. Ready for tailored guidance? Book your consultation today and make confident decisions for your future. ? Link in bio to schedule your call. Comment “loan help” if you want assistance getting started! ? Link in profile #HomebuyerTips #MortgageAdvice #FloridaHomes #LoanOptions #PreApproval

Wondering what sets Fidelity Home Group apart? We deliver an unparalleled concierge experience tailored for all your mortgage needs. Start your Home Purchase Qualifier or Rate Quote Request today! Fidelity Home Group serves all our clients with our Concierge Approach to help in the home buying process. ? Link in profile #HomePurchaesMortgage #FloridaRealEstate #HomeInvestment #MortgageExperts #FidelityHomeGroup

Unable to show traditional income proof like W-2s or tax returns? A Stated Income Mortgage might be what you need. It lets your credit history and savings speak for your income. You can buy your primary home with as little as 20% down, no income docs required. Plus, things like cash-out funds and gifts [ up to 6% ] can help cover your reserves or down payment. Ready to learn if this fits your situation? Book our Homebuyer Consultation (link in bio). Comment "stated income" if you want help understanding this option! ? Link in profile #StatedIncomeMortgage #SelfEmployedHomebuyer...