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Lending Services Offered
Which loan is right for me?
Should you opt for a fixed rate mortgage? What should the term be? Do you need a 30 year mortgage or would you be better off with a 15 year mortgage? Whether its looking for home financing or home refinancing, we have you covered.
Land Home Financial Services, Inc.. knows that shopping for a mortgage can be difficult. That’s why we help you through the process. Below is a simple guide that breaks down the differences between fixed rate mortgages and adjustable rate mortgages, and helps you understand which terms will be most beneficial to you.
If you have any questions about our loan offerings or would like to request a quote, please contact us now
Our Services Include: |
|---|
Residential Purchase money loans and home refinancinge text |
Primary, 2nd homes and investment homes |
Multi-family |
Condos, low-rise, mid-rise and high-rise |
Debt consolidation loans |
Jumbo loans |
FHA 203k rehabilitation loans** |
Foreign national loans |
FHA streamline refinances and VA Irrrl's |
Down Payment Assistance Programs: Power Purchase, House to Home Grant, Florida Bond Grant, etc. |
Medical Doctor Loans |
Non QM, Alternative Lending I.e bank statement loans, 1 day out of foreclosure, etc. |
*LandHome Financial Services. is an FHA approved lending institution , and is not acting on behalf of or at the direction of HUD/FHA or the Federal Government. |
**All loans subject to underwriting approval. Certain restrictions apply. Call for details. |
Recommended Fixed & Adjustable Rate Mortgage Programs
Term Spent in Home | Recommended Program |
|---|---|
10 years | 30, 20 or 15 year fixed |
7-10 years | 10/1 adjustable or 30 yr. fixed |
5-7 years | 7/1 adjustable or 7/5 Hybrid |
3-5 years | 5/1 adjustable or 5/5 Hybrid |
First Time Homebuyer Program
Pros | Cons |
|---|---|
Lower down payments | Typically to qualify, you may need to attend a homebuyer education class |
Lowered standards for qualification | Some property value and income limitations may apply |
May qualify for lower rates | May have to pay a recapture tax for some of the benefits received |