Mortgage Financial Group, Inc. 1902 South Florida Avenue, Lakeland, FL 33803 NMLS# 219650
HUD- FHA loans require a strick 29/43 ration guidelines. FHA mortgage insurance is now for the life of the loan.
USDA - Maps
are expected to change 2014. Ratios are changing 29/43 strick with credit less than 680.
The “3 Step Mortgage” website was designed to stream-line the loan process, making your experience as simple as possible. After a careful consideration of your financial condition, we agree on the best loan option for you. Then we create a loan to meet your needs. Once the right loan program has been chosen, we will ask you to help us expedite the process by providing us with the necessary documentation to close your loan.
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Understanding The Loan Application Process
Buying a home may be the most exciting, confusing and stressful financial transaction you will ever undertake. Even if you have done it several times, you can still find the process complicated and intimidating, particularly when it comes to getting a mortgage loan. If you understand the steps required to qualify for a mortgage loan, much of the stress can be avoided. The following explanation of the loan application process is intended to help you through the complexities of obtaining a mortgage loan.